UCO Bank board approves $1 billion foreign currency borrowing plan
Business
UCO Bank just got the green light from its board to raise up to $1 billion by borrowing in foreign currencies.
The plan, approved at a board meeting on August 24, 2026 and announced following an August 19, 2026, communication, means the bank will tap international markets for funds in one or more tranches, depending on regulatory nods.
UCO Bank shares up ₹0.15
This move is part of UCO Bank's bigger strategy to expand using global financial tools.
After the announcement, the bank's share price saw a small bump, up by ₹0.15 (0.58%) to ₹25.87 on the NSE on August 24, 2026, showing investors are paying attention.