UCO Bank foreign currency fundraising received board approval on 24 August 2026, the public sector lender said in a BSE filing. The board approved raising up to USD 1 billion through debt instruments issued under a Medium Term Note programme.

The proposed funds may be raised in one or more tranches. UCO Bank disclosed the decision as the outcome of its board meeting, pursuant to Regulation 30 read with Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, as amended.

Fundraising structure approved

The approval enables UCO Bank to access foreign currency funding through the issuance of debt instruments under the Medium Term Note programme. The filing specifies the upper fundraising limit and permits the issuance to be completed across one or more tranches.

  • Approved amount: up to USD 1 billion
  • Instrument: debt instruments
  • Route: Medium Term Note programme
  • Issuance format: one or more tranches

The disclosure follows the bank's earlier communication dated 19 August 2026 concerning the board meeting. The latest filing records the board's consideration and approval of the foreign currency fundraising proposal.

Board meeting details

According to the exchange filing, the board meeting began at 2:45 pm and concluded at 4:50 pm on 24 August 2026. The filing was signed by company secretary Vikash Gupta.

UCO Bank submitted the disclosure to BSE Limited, where its scrip code is 532505, and to the National Stock Exchange of India, where the shares trade under the symbol UCOBANK. The filing identifies the bank's finance department and head office at India Exchange Place in Kolkata.

The announcement records the board-level approval for the funding plan. It does not provide the pricing, maturity, issue schedule or other commercial terms of the proposed debt instruments.

Source: BSE corporate announcement.