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UCO BANK, PSB GET NOD FOR CAPITAL REJIG (government holds 74.98 percent stake in UCO Bank).

India Business Insight

| October 21, 2008 | COPYRIGHT 2001 Silverline Information Systems Pvt. Ltd. (Hide copyright information)Copyright

The Government of India has sought Parliament clearance for equity capital restructuring in Punjab & Sind Bank and UCO Bank. The government holds 74.98 percent stake in UCO Bank while Punjab & Sind Bank is wholly-owned. In the case of Punjab & Sind Bank, a sum of Rs560 crore in capital equity is proposed to be restructured by converting an amount of Rs100 crore …

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