Govt to infuse Rs 681 crore in UCO Bank

As part of government’s plan to infuse Rs 12,517 crore in around 10 state-owned banks by March, 2013, UCO Bank will be infused with Rs 681 crore.

The bank will issue equity shares on preferential basis in favour of Government of India for an amount aggregating to the tune of Rs 681 crore.

Month: Current Affairs - January, 2013