UCO Bank Raises $730 Million Through FCNR Deposits
UCO Bank raised $730 million through foreign-currency deposits, exceeding its $500 million target, CEO-in-charge Rajendra Kumar Saboo said.
New Delhi, Oct. 21 — UCO Bank raised $730 million through foreign-currency deposits, above its $500 million target. The funds supported credit growth and helped the bank avoid raising high-cost bulk deposits, said Rajendra Kumar Saboo, managing director and chief executive officer in-charge.