Banking

29 July 2026 at 7:21 am

UCO Bank to Raise $500 Million Through Overseas Fundraise

HyperFast News

Summary

UCO Bank plans to raise $500 million through foreign currency deposits and overseas borrowings, joining other lenders utilizing the central bank's concessional funding window. This initiative, driven primarily by non-resident deposits, aims to strengthen India's foreign exchange reserves.

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