UCO Bank
32.93
+0.53(+1.64%)
Market Cap₹40,628.20 Cr
PE Ratio16.72
IndustryBanks
Company Performance:
1D+1.64%
1M-3.91%
6M-24.92%
1Y-39.75%
5Y+118.80%
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Latest news about UCO Bank
UCO Bank Sees Massive Block Trade: 26.14 Million Shares Change Hands 8 days ago
UCO Bank experienced a significant block trade on the National Stock Exchange (NSE). The transaction involved 26,138,260 shares at Rs. 29.39 per share, totaling Rs. 76.82 crores. This large-scale trade could potentially impact the stock's price and trading volume in the short term.
Former UCO Bank CMD Arrested in ₹6,210 Crore Money Laundering Case May 19, 2025
UCO Bank Plans Massive Equity Issuance to Reduce Government Stake Apr 28, 2025
UCO Bank Reports 24% Surge in Q4 Profit, Exceeds Growth Guidance for Deposits and Credit Apr 28, 2025
More news about UCO Bank
09Apr 25
UCO Bank Revises MCLR and Other Benchmark Rates, Announces Management Changes
UCO Bank has updated its lending rates effective April 10, 2025, with the one-year MCLR set at 9.10%. The bank also appointed Mr. Satya Ranjan Panda as the new Zonal Head of the Guwahati Zone. Additionally, the Government of India announced the amalgamation of Regional Rural Banks in West Bengal, with Paschim Banga Gramin Bank, currently sponsored by UCO Bank, to be merged into the new West Bengal Gramin Bank under Punjab National Bank's sponsorship from May 1, 2025.
04Apr 25
UCO Bank Reports Robust 14% Business Growth in Q4 FY2025
UCO Bank announced impressive Q4 FY2025 results, with total business growing 14% YoY to Rs 5.13 lakh crore. Domestic advances surged 20.37% YoY to Rs 1.95 lakh crore, while total advances increased 17.65% YoY to Rs 2.20 lakh crore. Total deposits grew 11.41% YoY to Rs 2.93 lakh crore, with domestic deposits up 10.40% YoY. The bank's CASA ratio stood at 37.90% for domestic operations, and the credit-deposit ratio improved to 75.01%. Quarter-on-quarter growth was also strong across key parameters.
28Mar 25
UCO Bank Raises ₹2,000 Crore Through QIP, Sets Share Price at ₹34.27
UCO Bank, a public sector lender, has completed its Qualified Institutional Placement (QIP), raising ₹2,000 crore. The bank allotted 583,600,803 equity shares at ₹34.27 per share, a 4.99% discount to the floor price. This increased the bank's paid-up equity share capital from ₹11,955.96 crore to ₹12,539.56 crore. Key investors included Life Insurance Corporation of India, National Pension System Trust, ICICI Prudential Life Insurance, and SBI Life Insurance. The QIP, which ran from March 24-27, 2025, aims to strengthen the bank's capital base and support growth initiatives.
27Mar 25
UCO Bank Closes QIP Issue at ₹34.27 Per Share, Raising Fresh Capital
UCO Bank, a public sector lender, has concluded its Qualified Institutional Placement (QIP) issue on March 27, 2025. The bank's Capital Raising Committee approved an issue price of ₹34.27 per equity share, which includes a premium of ₹24.27 over the face value of ₹10. This price represents a 4.99% discount to the floor price of ₹36.07 per share. The QIP aims to strengthen the bank's capital base, potentially enabling expansion of lending activities and meeting regulatory requirements.
25Mar 25
UCO Bank Launches QIP with Floor Price of ₹36.07 per Share
UCO Bank has initiated a Qualified Institutional Placement (QIP) to raise capital. The bank's Capital Raising Committee set the floor price at ₹36.07 per share, with a potential discount of up to 5%. The QIP opened on March 24, 2025, following board approval in April 2024 and shareholder approval in June 2024. The bank has complied with regulatory requirements, including setting the 'Relevant Date' and filing the preliminary placement document with stock exchanges.
24Mar 25
UCO Bank Launches ₹2,000 Crore Qualified Institutional Placement at Attractive Discount
UCO Bank, a public sector bank in India, has initiated a Qualified Institutional Placement (QIP) to raise ₹2,000 crore. The shares are priced at ₹34.27 each, offering a 9.19% discount to the closing price on March 21 and a 5% discount to the QIP floor price. This capital-raising effort aims to strengthen the bank's financial position and support future growth. The attractive pricing is expected to generate strong interest among qualified institutional buyers.
21Mar 25
UCO Bank Launches ₹2,000 Crore QIP at Discounted Price of ₹34.27 per Share
UCO Bank has initiated a Qualified Institutional Placement (QIP) to raise ₹2,000 crore, setting the issue price at ₹34.27 per share. This price represents a 9.19% discount to the market price and a 5% discount to the SEBI floor price of ₹36.07. The bank has been actively engaging with potential investors, including major institutions like ICICI Prudential Life, LIC, and Kotak MF, through non-deal roadshows from December 2024 to March 2025. The capital raise aims to strengthen UCO Bank's financial position, potentially supporting lending expansion and regulatory compliance.
27Feb 25
UCO Bank's ₹2,000 Crore QIP Likely Pushed to Next Fiscal Year
UCO Bank's planned ₹2,000 crore Qualified Institutional Placement (QIP) is facing delays and is unlikely to materialize in the current fiscal year. The bank has postponed its foreign roadshows from February to March or later. The QIP aims to reduce the government's stake by about 3% to comply with SEBI's public shareholding norms. This delay could impact regulatory compliance, capital adequacy, and market perception of the bank.
UCO Bank
32.93
+0.53
(+1.64%)
1 Year Returns:-39.75%
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UCO Bank
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