Shares of public sector lender UCO Bank are expected to get a focus shift, as the RBI has recently approved the bank to set up an IFSC Banking Unit in GIFT City, Gandhinagar, Gujarat.
According to the exchange filing, the bank has received approval from the Reserve Bank of India vide its letter dated 2nd September, 2025, for setting up an IFSC Banking Unit (IBU) in GIFT City, Gandhinagar, Gujarat.
Currently, shares of UCO Bank are closed at Rs 28.45, down by 1.11 percent. However, the stock has been trending in the green zone for five days.