Last 82.45 INR
Change Today -0.20 / -0.24%
Volume 1.3M
UCO On Other Exchanges
Symbol
Exchange
Natl India
As of 2:39 AM 12/29/14 All times are local (Market data is delayed by at least 15 minutes).

uco bank (UCO) Snapshot

Open
83.05
Previous Close
82.65
Day High
83.75
Day Low
82.25
52 Week High
06/9/14 - 115.75
52 Week Low
02/17/14 - 61.95
Market Cap
83.7B
Average Volume 10 Days
3.6M
EPS TTM
19.44
Shares Outstanding
1.0B
EX-Date
06/24/14
P/E TM
4.2x
Dividend
1.00
Dividend Yield
3.65%
Current Stock Chart for UCO BANK (UCO)

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uco bank (UCO) Details

UCO Bank operates as a commercial bank in India. Its deposit products include current accounts, saving accounts, fixed deposits, recurring deposits, and accounts in foreign currency, as well as salary and collection accounts. The company’s loan products comprise consumer durable schemes; housing finance scheme; car loans; working capital financing and term loans for retail and wholesale traders; education loans; loans for domestic expenses; loan against the security of future receivables; loans against financial securities issued by central and state governments; and mortgage loans. Its loan products also include real estate loans for promoters/developers; short term loans to pensioners; two-wheeler finance schemes; reverse mortgage loan schemes for senior citizens; education loan schemes for vocational education and training; gold loans; and cash credit and term loans for agricultural sector. In addition, the company offers international banking services, including NRI banking, foreign currency loans, remittances, foreign exchange and treasury services, and correspondent banking services to Indian customers, corporates, NRIs, overseas corporate bodies, foreign companies/individuals, and foreign banks, as well as finance/services to exporters and importers. Further, it provides income, corporation, and service tax payment services; excise duty payment services; credit insurance products; Internet banking services; rehabilitation and restructuring solutions; and debit cards. As of March 31, 2014, the company operated a network of 2890 branches in India, 2 branches in Singapore, and 2 branches in Hong Kong; and 2085 ATMs. It was formerly known as The United Commercial Bank Ltd. and changed its name to UCO Bank in December 1985. UCO Bank was founded in 1943 and is headquartered in Kolkata, India.

24,557 Employees
Last Reported Date: 06/10/14
Founded in 1943

uco bank (UCO) Top Compensated Officers

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Executives, Board Directors

uco bank (UCO) Key Developments

Government To Divest Stake In State-Owned Banks

The government of India is planning to reduce its stake in state-owned banks. Arun Jaitley, Finance Minister of India, said in the Parliament that the government is looking to reduce its stake in state-owned banks to 52% in a phased manner." Jaitley said in written reply in the Rajya Sabha, "A proposal for allowing public sector banks (PSBs) to raise capital from public market by diluting Government of India holding up to 52% in phased manner is under consideration." There is as yet no timeline on when the centre will divest stakes in these banks. The government is planning to reduce 6.9% stake in Allahabad Bank (BSE:532480), 8.14% stake in Andhra Bank (BSE:532418), 4.26% stake in Bank of Baroda (BSE:532134), 14.7% stake in Bank of India (BSE:532149), 27.8% stake in Bank of Maharashtra (BSE:532525), 17% stake in Canara Bank Limited (BSE:532483), 32.2% stake in Central Bank of India (BSE:532885), 11.33% stake in Corporation Bank (BSE:532179), 6% stake in Dena Bank Ltd. (BSE:532121), 29.51% stake in Indian Bank (BSE:532814), 21.8% stake in Indian Overseas Bank (BSE:532388), 7.13% stake in Oriental Bank of Commerce (BSE:500315), 6.87% stake in Punjab National Bank (BSE:532461), 27.62% stake in Punjab and Sind Bank (BSE:533295), 15.39% stake in Syndicate Bank Limited (BSE:532276), 8.47% stake in Union Bank of India (BSE:532477), 26.92% stake in United Bank of India (BSE:533171), 25.2% stake in UCO Bank (BSE:532505), 22.06% stake in Vijaya Bank Ltd. (BSE:532401), 24.5% stake in IDBI Bank Limited (BSE:500116), 6.6% stake in State Bank of India (BSE:500112), 23.07% stake in State Bank of Bikaner & Jaipur (BSE:501061), 38% stake in State Bank of Mysore (BSE:532200), and 26.91% stake in State Bank of Travancore (BSE:532191).

UCO Bank Announces Unaudited Standalone Earnings Results for the Second Quarter and Half Year Ended September 30, 2014

UCO Bank announced unaudited standalone earnings results for the second quarter and half year ended September 30, 2014. For the quarter, the company reported total income of INR 52,566.2 million against INR 46,533.0 million a year ago. Profit from ordinary activities before tax was INR 1,204.6 million against INR 4,075.3 million a year ago. Net profit for the period was INR 1,035.3 million against INR 4,002.0 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 1.02 against INR 5.32 a year ago. For the half year, the company reported total income of INR 106,517.9 million against INR 93,221.1 million a year ago. Profit from ordinary activities before tax was INR 8,053.8 million against INR 9,306.6 million a year ago. Net profit for the period was INR 6,249.3 million against INR 9,113.1 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 6.16 against INR 12.11 a year ago.

UCO Bank Announces Earnings Results for the First Quarter Ended June 30, 2014

UCO Bank announced earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported total income rose 15.56% year over year to INR 53,951.7 million from INR 46,688.1 million for the corresponding period of 2013-14, backed by a 20.59% year over year growth in total interest income. The bank's net interest income increased 8.73% to touch INR 14,831.3 million during the June quarter. The company reported a 2% year over year rise in its net profit during the quarter ended June 30, 2014.

 

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UCO:IN 82.45 INR -0.20

UCO Competitors

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Company Last Change
Allahabad Bank 130.20 INR -0.10
Indian Bank 209.75 INR +3.10
Indian Overseas Bank 60.90 INR +0.80
Oriental Bank of Commerce 338.65 INR -2.15
Syndicate Bank 128.45 INR +0.10
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Industry Analysis

UCO

Industry Average

Valuation UCO Industry Range
Price/Earnings 6.0x
Price/Sales 2.0x
Price/Book 0.7x
Price/Cash Flow 6.7x
TEV/Sales NM Not Meaningful
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