It has been reported that IDBI Bank has bought 10% stake in Universal Commodity Exchange (UCX). The bank’s Chairman and Managing Director R. M. Malla said, “The idea behind acquiring equity is to push agricultural loan through this venture”. IDBI is the only bank having stake in UCX and therefore, all the transactions will be done through IDBI.

However, to begin the transactions it is required that the promoters of UCX to bring in Rs. 100 crore as equity capital. Indian Farmers Fertiliser Cooperative (IFFCO) Sheth's is one of the major partners as it has 15% stake in UCX. Moreover, the government rules allow the main promoters of the exchange to hold up to 40% which could be brought down to 26% within the five years of the commencement of the operation.

The UCX is being promoted by IT people and has received an approval from Forward Markets Regulator (FMC) to set up a national level commodity exchange. After receiving approval, it has become sixth national level commodity exchange.

Meanwhile, the India's Universal Commodity Exchange's Chief Executive Samir Shah has resigned on 5th of July, 2011. It has been told that Shah has resigned because of some personal issues. It has been reported that he will be going back to Singapore.