Bengaluru, Sept. 16 -- which are engaged in offering services such as retail banking, corporate banking, and treasury operations, caught the attention after the government allowed it to manage payments for Nayara Energy, which had been restricted by Indian and international banks due to European Union sanctions.

With a market capitalization of Rs.37,430.58 crore, the shares of UCO Bank were trading at Rs.29.85, up by 1.39 percent from the previous day's closing price of Rs.29.44.

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The government has allowed state-owned UCO Bank to manage trade payments of Nayara Energy, which had been restricted by many Indian and international banks due to EU sanctions.

UCO Bank has met with finance ministry officials and was chosen because of it...