State-owned UCO Bank on Wednesday said it is planning to raise up to ₹1,000 crore by issuing debt securities.
The bank’s board will consider the proposal for raising tier I capital in the form of additional tier I bonds in one or more tranches aggregating to ₹1,000 crore, UCO Bank said in a regulatory filing.
The board is scheduled to meet on January 3, 2023 to take up the fund raise proposal.
UCO Bank stock closed at ₹31.45 on BSE, down 2.93%.
