UCO Bank today unveils plans to raise around Rs 800 Crore through FPO this year. Bank's officials said that they are set and waiting for market to stable.
This fund-raising through FPO will reduce government share in Kolkata based UCO bank from 75% to around 53.8%.
Incorporated in 1943, UCO Bank is one of the oldest commercial bank in India. Bank has around 2000 branches across India.
