New Launch3 Sept 2025, 07:04 pm
UCO Bank Receives RBI Approval to Establish IBU at GIFT City
AI Summary
UCO Bank has announced that it has received approval from the Reserve Bank of India (RBI) to set up an IFSC Banking Unit (IBU) in GIFT City, Gandhinagar, Gujarat. This approval was granted by the RBI on 2nd September, 2025, as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- UCO Bank has received approval from the RBI to establish an IBU at GIFT City.
- The approval was granted on 2nd September, 2025.
- The IBU will be set up in Gandhinagar, Gujarat.
- This initiative is in line with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.