UCO Bank requests LIC to invest Rs 1K cr in tier-2 bonds
Friday, March 17, 2017, 11:43 AM
UCO Bank has knocked on the doors of LIC for the second time in as many months requesting the latter to invest Rs 1,000 crore in tier-2 bonds of the bank. The insurer, however, may not be keen to comply as it feels the size of the investment is too huge. It has reservations about the paper’s rating, too.