UCO Bank says Iran, Russia rupee trade channels remain open within sanctions

Saboo added that UCO Bank will continue to invest heavily in technology through its annual IT and digital budget. ₹1,000 crore in FY27. While the lender is expanding its digital lending, cybersecurity and artificial intelligence capabilities, it is also working on omni-channel banking, advanced CBDC features, interoperable UPI AutoPay and other customer-facing digital initiatives.