UCO Bank Share Price

1. The total deposits in the bank amounted to Rs.1,81,849 crore in FY18 compared to Rs.2,01,285 crore in FY17.
2. The total advances stood at Rs.1,23,990 crore in FY18 while it stood at Rs.1,31,655 crore in FY17.
3. The total business of the bank amounted to Rs.3,05,839 crore in FY18 while it was Rs.3,32,940 crore in FY17.
4. Investments of the bank totalled up to Rs.72,590 crore in FY18 while it was Rs.74,768 crore in FY17.
5. Interest income decreased to Rs.14,020 crore in FY18 from Rs.16,326 crore in FY17.
6. Interest expenditure decreased from Rs.12,509 crore in FY17 to Rs.10,895 crore in FY18.
7. Net interest income of the bank decreased from Rs.3,817 crore in FY17 to Rs.3,125 crore in FY18.
8. The operating profit decreased from Rs.2,926 crore in FY17 to Rs.1,334 crore in FY18.
9. The bank showed a loss of Rs.1,851 crore in FY17 and a loss of Rs.4,436 crore in FY18.

UCO Bank Stock Trends in 2018

1. The share price of the bank was about Rs.30 in the beginning of January 2018. The price of the stock rose and fell over the course of the month. The final price for the month was about Rs.31.
2. The opening price for February 2018 was about Rs.31. The stock fell in price over the course of the month. The final price for the month was about Rs.25.
3. In March 2018, the price of the stock fell even further. The final price for the month was about Rs.21.
4. While the stock seemed to steady in price in the initial weeks of April 2018, the stock fell later. The final price for April was about Rs.19.
5. The stock rose a little to close at about Rs.20 in May 2018.
6. The stock fluctuated a lot in June 2018 but the final price for the month was about R.18.
7. In July 2018, the stock rose marginally to close at a price of about Rs.19.
8. The price of the stock was mostly steady through August 2018 with the final price being about Rs.20.
9. Towards the close of September 2018, the stock dipped below Rs.17.

UCO Bank Stock Trends in 2016 and 2017

1. In January 2016, the stock began trading at about Rs.45. The stock decreased steeply in price over the course of the month to close at about Rs.36. While the stock dipped even further in February 2016, the price recovered a little to close at about Rs.31 at the end of the month. The stock rose in price over the course of March 2016 to close at about Rs.38 at the end of the month.
2. In April 2016, the stock fluctuated a bit but closed for the month at about Rs.39. The stock dipped in price in May 2016 to close at about Rs.35. The stock rose in price over the course of June 2016 to close for the month at about Rs.43.
3. The stock held steady for most of July to close at about Rs.44 at the end of the month. The stock dipped in price in August 2016, with the final price being about Rs.41. September saw the price of the stock decline further. The final price for the month was about Rs.36.
4. The stock price at the close of October 2016 was about Rs.35. The final price at the end of November 2016 was about Rs.33. The stock continued at this price range in December 2016 also.
5. The stock opened trading at about Rs.33 in January 2017. The stock held steady for most of the month with the final price being about Rs.34. The stock rose in price a little in February 2017 with a final price of about Rs.37. The stock dipped in March but closed at about Rs.36 at the end of the month.
6. The stock price rose to around Rs.41 by the close of the month of April 2017. By the close of May 2017, the stock had dipped to Rs.34. While the stock seemed to gain a little in price over the course of June, it dipped again to close for the month at about Rs.33.
7. The price of the stock held steady for most of July with the final price being about Rs.33. The stock dipped in August 2017 with the final price for the month being about Rs.30. The stock held steady for most of September with the final price for the month being about Rs.29.
8. The price spiked a little in October 2017 with the final price for the month being about Rs.32. In November, there was a brief spike in prices but the stock dipped again to close at about Rs.31. The final price for December 2017 was about Rs.29.

Should You Invest in UCO Bank?

Considering a seven-year period beginning in March 2012 and culminating in March 2018, we can see the following:

1. Total deposits in the bank increased each year till 2015, after which it dropped.
2. Total advances showed increases each year until 2014, and decreased after that.
3. The total business of the bank increased each year till 2015 and reduced after that.
4. Interest income of the bank increased each year till the year 2015 and dropped after that.
5. The bank made a profit until 2015.
6. All of these go on to indicate that the bank is quite capable of performing well, pending certain changes.
7. It was listed as one of the most trusted banks in India in 2013.
8. The bank has more than 4,000 service units or branches.
9. The bank also has two international branches, one each in Singapore and Hong Kong.
10. All of these indicate that the bank has the potential to recover and could be a possible good investment for the longer term. It would be best to invest in this after performing personal research, keeping in mind the state of personal finances and risk appetites.

Company Information

The bank was founded in the year 1943. Since then, the bank has come a long way with 49 zonal offices all over the country. The bank has even expanded internationally. The bank offers services like consumer banking, corporate banking, insurance, investment banking, mortgage loans, wealth management and private banking.

History of the Company

The UCO Bank is headquartered in Kolkata. It was formerly known as United Commercial Bank. It was the brainchild of Ghanshyam Das Birla who was an industrialist in India. The initial paid-up capital of the bank was Rs. 1 crore. When the bank was established, 14 branches were opened at the simultaneously across the country. After the Second World War, the bank opened branches in Rangoon, Singapore, Hong Kong, London, and Malaysia. In the year 1967, Jalpaiguri Banking and Trading Corporation transferred all its assets and liabilities to the United Commercial Bank in what was a voluntary transfer. In the year 1969, the Government of India nationalised the bank. In the year 1985, the United Commercial Bank was renamed as UCO Bank. As of 2012, the government holds an 84% stake in the bank. The bank now has more than 4,000 branches.

Management of the Company

The Board of Directors of the company include the following people:

1. Shri Ravi Krishan Takkar - MD and CEO
2. Shri Charan Singh - Executive Director
3. Ms. Sindhu Pillai - Director
4. Dr. Arvind Sharma - Director
5. Shri Anil Sharma - Director
6. Dr. Asish Saha - Director
7. Shri K. Rajivan Nair - Director

The MD and CEO, Shri Ravi Krishan Takkar joined the bank in the year 2015. Prior to joining UCO Bank, he was working with Dena Bank. He has over 36 years of experience in the Indian banking industry. He has held a number of critical positions in the Oriental Bank of Commerce before joining Dena Bank.

UCO Bank Listing in NSE, BSE, and Other Indices

The bank is listed under the following codes on the BSE and the NSE:

1. BSE: 532505
2. NSE: UCOBANKEQ
3. IND: Finance - Banks - Public Sector
4. ISIN Code: INE691A01018
5. SECT: Banks

The following indices contain the bank:

1. Nifty 500
2. Nifty Full Smallcap 100
3. Nifty MidSmallcap 400
4. Nifty Smallcap 100
5. Nifty Smallcap 250
6. S&P BSE 250 SmallCap Index
7. S&P BSE 400 MidSmallCap Index
8. S&P BSE 500
9. S&P BSE AllCap
10. S&P BSE Dollex - 200
11. S&P BSE Finance
12. S&P BSE MidSmallCap
13. S&P BSE PSU
14. S&P BSE SmallCap

The bank is listed on the BSE, the NSE, and MCX Stock Exchange.

Registered Office

The corporate head office of the bank is located at the following address:

UCO Bank Head Office, 10, B T M Sarani, Kolkata - 700 001, West Bengal, India

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DISCLAIMER:

The contents of this post/blog does not constitute financial or other professional advice nor does it imply in any manner a principal-agent relationship, and is not a professional advice on a specific financial matter.