UCO Bank May Be Acquired By Bank Of India

The media had reports that UCO Bank may be acquired by State Bank of India.

National Stock Exchange Of India, Mumbai, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.

UCO Bank has vide its letter inter-alia stated, “We wish to advise that neither our Bank is aware of the contents of the subject news item, nor our Board of Directors has so far discussed such issues in their meetings. We, therefore deny the contents of the news item." -- www.nseindia.com

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