For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    UCO Bank to seek capital from government

    By Super
    |
    UCO Bank to seek capital from government
    Kolkata, Jun 28 (PTI) Public sector UCO Bank would approach the government for fresh infusion of capital to meet Basel-III norms. "We will write to the government seeking capital for the bank," chairman of UCO Bank Arun Kaul said today.
     

    "We are taking adequate steps for getting Tier-I, Tier-II capital. We have options to go to the market or approach the government," Kaul told shareholders at the bank's 10th AGM here today. He said that the bank was already having branches in Hong Kong and Singapore.

    "We are now looking at South East Asia," Kaul said. Kaul said that the bank had restructured accounts worth Rs 8,500 crore. He said that bank had adopted a strategy to diversify portfolio from large corporates to MSME, retail and agriculture.

    PTI

    Read more about: uco bank
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more