UCO Bank (NSEI:UCOBANK) agreed to acquire an unknown additional minority stake in PSB Alliance Private Limited. for INR 11.4 million on December 29, 2022. Under the terms, UCO Bank will acquire 100 shares of PSB Alliance.

Post acquisition, UCO Bank will hold 8.33% stake in PSB Alliance. For the year ended March 31, 2022, PSB Alliance had INR 29.9 million of turnover.