UCO Bank Eyes $1 Billion Foreign Currency Fund Raise via MTN

UCO Bank's Board of Directors has approved a plan to raise foreign currency funds up to USD 1.0 Billion through the issuance of Debt Instruments under a Medium Term Note (MTN) Programme. This fundraising initiative will be executed in one or more tranches. The decision was made during a board meeting held on August 24th, 2026, which commenced at 02:45 P.M. and concluded at 04:50 P.M. This move is part of the bank's strategy to bolster its foreign currency reserves and potentially diversify its funding sources.