Last 80.55 INR
Change Today 0.00 / 0.00%
Volume 0.0
UCO On Other Exchanges
Symbol
Exchange
Natl India
As of 7:06 AM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

uco bank (UCO) Snapshot

Open
80.10
Previous Close
79.75
Day High
81.65
Day Low
78.95
52 Week High
06/9/14 - 115.75
52 Week Low
10/3/13 - 58.80
Market Cap
81.7B
Average Volume 10 Days
2.9M
EPS TTM
19.44
Shares Outstanding
1.0B
EX-Date
06/24/14
P/E TM
4.1x
Dividend
1.00
Dividend Yield
3.72%
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

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

uco bank (UCO) Key Developments

UCO Bank - Shareholder/Analyst Call

UCO Bank - Shareholder/Analyst Call

Government Plans To Merge Public Sector Banks

Government is looking to make a merger of public sector banks. Government has asked IDBI Bank Limited (BSE:500116) and United Bank of India (BSE:533171) to prepare a consolidation plan of their merger. Sources said that Finance Ministry and state run banks are looking at other merger option. Government want to give a booster to the weaker entities and is also keen on knowing the blueprint keeping in mind human resource issues, geographical spread and technology platforms while merger. Dena Bank Ltd. (NSEI:DENABANK) may be allowed to merge with Punjab National Bank (BSE:532461), while Oriental Bank of Commerce (BSE:500315) may be headed for integration with Bank of India (NSEI:BANKINDIA). Although the proposals are only at preliminary discussion stage, Bank of Baroda (NSEI:BANKBARODA), Canara Bank Limited (BSE:532483) and Union Bank of India (BSE:532477) have been identified as potential acquirers for the weaker entities. Dena Bank, Allahabad Bank (BSE:532480) and UCO Bank (NSEI:UCOBANK) are also waiting for a helping hand. Sources also said that the merger of IDBI and United Bank would make a perfect sense. MS Raghvan, Chairman and Managing Director of IDBI said, "Nothing has emerged." United Bank executive said there were discussions but bank had not been asked to prepare a blueprint. Arundhati Bhattacharya, Chairman of State Bank of India (BSE:500112) could not be reached for comment but in a recent interview she had backed the idea of merger of subsidiaries.

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

UCO Bank reported unaudited standalone earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported total income of INR 53,951.7 million compared to INR 46,688.1 million a year ago. Operating profit before provisions and contingencies was INR 12,020.6 million compared to INR 12,644.3 million a year ago. Profit from ordinary activities before tax was INR 6,849.2 million compared to INR 5,231.3 million a year ago. Net profit was INR 5,214.0 million or INR 5.14 basic and diluted per share not annualized compared to INR 5,111.1 million or INR 6.79 per basic and diluted share not annualized a year ago. Book value per share was INR 110.09. Net interest income was INR 14.83 billion, up 8.73%. Book value per share was INR 110.09 from INR 105.00 a year ago.

 

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UCO Competitors

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Company Last Change
Allahabad Bank 97.40 INR 0.00
Indian Bank 152.15 INR 0.00
Indian Overseas Bank 56.65 INR 0.00
Oriental Bank of Commerce 229.30 INR 0.00
Syndicate Bank 108.75 INR 0.00
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Industry Analysis

UCO

Industry Average

Valuation UCO Industry Range
Price/Earnings 4.3x
Price/Sales 1.8x
Price/Book 0.7x
Price/Cash Flow 5.2x
TEV/Sales NM Not Meaningful
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