Close
x
  • SMC open account icon Open an A/C
    • Open an A/C
    • CHOOSE YOUR OPTION(S)
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c
  • SENSEX Aug 12 2022 12:00
    59,462.78 +130.18 ( +0.22%)
  • NIFTY Aug 12 2022 12:00
    17,698.15 +39.15 ( +0.22%)
  • SENSEX Aug 12 2022 12:00
    59,462.78 +130.18 ( +0.22%)
  • NIFTY Aug 12 2022 12:00
    17,698.15 +39.15 ( +0.22%)
  • Nasdaq Aug 13 2022 04:30
    13,047.19 +267.28 ( +2.09%)
  • DJIA Aug 13 2022 04:30
    33,761.05 +424.38 ( +1.27%)
  • S&P 500 Aug 13 2022 04:30
    4,280.15 +72.88 ( +1.73%)
  • Hang Seng Aug 12 2022 02:10
    20,175.62 +93.19 ( +0.46%)
  • Crude Oil Aug 12 2022 11:29
    7,379.00 -147.00 (-1.95%)
  • Gold Aug 12 2022 11:29
    52,579.00 +243.00 ( +0.46%)
  • Silver Aug 12 2022 11:29
    59,299.00 +922.00 ( +1.58%)
  • Copper Aug 12 2022 11:29
    676.30 -4.80 (-0.70%)
  • Pound / Rupee Dec 23 2016 22:30
    96.85 +0.61 ( +0.63%)
  • Dollar / Rupee Dec 23 2016 22:30
    79.34 +0.15 ( +0.18%)
  • Euro / Rupee Dec 23 2016 22:30
    81.85 +0.57 ( +0.70%)
  • Yen / Rupee Dec 23 2016 22:30
    0.60 +0.01 ( +1.03%)

UCO Bank

BSE Code : 532505 | NSE Symbol : UCOBANK | ISIN:INE691A01018| SECTOR : Banks |

NSE BSE
 
SMC down arrow

11.50

-0.05 (-0.43%) Volume 1717900

12-Aug-2022 EOD

Prev. Close

11.55

Open Price

11.60

Bid Price (QTY)

11.50(6009)

Offer Price (QTY)

0.00(0)

 

Today’s High/Low 11.60 - 11.45

52 wk High/Low 15.30 - 10.55

Key Stats

MARKET CAP (RS CR) 13749.35
P/E 14.38
BOOK VALUE (RS) 17.6204909
DIV (%) 0
MARKET LOT 1
EPS (TTM) 0.8
PRICE/BOOK 0.652649240322811
DIV YIELD.(%) 0
FACE VALUE (RS) 10
DELIVERABLES (%) 62.98
4

News & Announcements

05-Aug-2022

UCO Bank consolidated net profit rises 34.01% in the June 2022 quarter

05-Aug-2022

UCO Bank - UCO Bank - Press Release

05-Aug-2022

UCO Bank - UCO Bank - Outcome of Board Meeting

26-Jul-2022

UCO Bank schedules board meeting

26-Jul-2022

UCO Bank schedules board meeting

02-Jun-2022

UCO Bank to conduct AGM

14-May-2022

UCO Bank announces board meeting date

06-May-2022

UCO Bank to announce Quarterly Result

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
Allahabad Bank(Merged) 532480 ALBK
Andhra Bank(Merged) 532418 ANDHRABANK
Bank of Baroda 532134 BANKBARODA
Bank of India 532149 BANKINDIA
Bank of Maharashtra 532525 MAHABANK
Canara Bank 532483 CANBK
Central Bank of India 532885 CENTRALBK
Corporation Bank(Merged) 532179 CORPBANK
Dena Bank(Merged) 532121 DENABANK
Indian Bank 532814 INDIANB
Indian Overseas Bank 532388 IOB
Oriental Bank of Commerce(Merged 500315 ORIENTBANK
Punjab & Sind Bank 533295 PSB
Punjab National Bank 532461 PNB
State Bank of Bikaner and Jaipur(Merged) 501061 SBBJ
State Bank of India 500112 SBIN
State Bank of Mysore(Merged) 532200 MYSOREBANK
State Bank of Travancore(Merged) 532191 SBT
Syndicate Bank(Merged) 532276 SYNDIBANK
Union Bank of India 532477 UNIONBANK
United Bank of India(Merged) 533171 UNITEDBNK
Vijaya Bank(Merged) 532401 VIJAYABANK

Share Holding

Category No. of shares Percentage
Total Foreign 9410310 0.08
Total Institutions 158170736 1.32
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 12234001 0.10
Total Promoters 11404910524 95.39
Total Public & others 371232605 3.10
Total 11955958176 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About UCO Bank

UCO Bank is a commercial bank and a Government of India Undertaking. The Bank offers a host of value added banking solutions to their customers, which includes international banking services, services for NRIs, loan schemes, deposit schemes and value added e-banking solutions. They also possess a host of branches authorized for direct tax collection in India. The Bank has 34 regional offices spread all over India. UCO bank head office is located in Kolkata. The Bank has 34 Regional Offices spread all over India. The bank has international presence with four overseas branches in two important financial centers in Singapore and Hong Kong and representative offices at Kuala Lumpur, Malaysia and Guangzhou in China. The bank also has a NRI corner to offer specialized services to its international customers. UCO Bank was incorporated in the year 1943 as The United Commercial Bank Limited. In July 1969, the Bank was nationalized and 100 per cent ownership was taken over by the Government of India. Thereafter the Bank expanded rapidly. In December 30, 1985 the name of the Bank was changed to UCO Bank. During the year 2001-02, the Bank opened 1 new branch in Pune, and 5 new extension counters. During the year 2004-05, the Bank opened 4 new branches and upgraded 7 extension counters into full fledged branches. They also opened 6 new extension counters. During the year, one branch was merged and one extension counter was closed. The company also introduced Gold Card Scheme for exporters to facilitate easy availability of export credit at remuneration terms. During the year 2005-06, the Bank opened 9 new branches and upgraded 8 extension counters into full fledged branches. They opened 2 new extension counters and closed 5 extension counters. The Bank also opened one representative office in Kuala Lumpur in Malaysia. During the year, in terms of the Government directive the Bank had effected merger of three Regional Rural Banks in Bihar on September 9, 2005, two Regional Rural Banks in Orissa on January 2, 2006 and two Regional Rural Banks in Rajasthan on January 27, 2006. During the year 2006-07, the Bank opened 57 new branches, upgraded 53 extension counters into full fledged branches and merged the 15 extension counters with the base branches. They also started 4 flagship corporate branches and 9 mid corporate branches. In February 26, 2007, three Regional Rural Banks in the state of West Bengal were amalgamated and form a single entity named as Paschim Banga Gramin Bank. During the year 2007-08, the Bank opened 95 branches in which 66 branches were opened on January 6, 2008 to commemorate the 65th Foundation Day of the Bank. The Bank opened 40 new branches, 12 mid corporate branches, upgraded 55 extension counters into full fledged branches and merged the 13 extension counters with the base branches. During the year, the company converted two of their existing branches at Kolkata and New Delhi exclusively for catering to needs of senior citizens and named these branches as 'Senior Citizen branches'. In April 4, 2007, the Bank opened one representative office at Guangzhou in China. As at March 31, 2008 the Bank has 1957 branches, two representative offices, 21 mid corporate branches and 19 extension counters.

UCO Bank Chairman Speech

Dear Shareholders,

I have immense pleasure to place before you the Annual Report of your Bank for the Financial Year (FY) 2021-22 with the highlights of performance and initiatives taken up by the Bank during this FY. Though the economy witnessed unfavorable economic conditions during the year with onset of the Omicron variant of COVID-19 and geo-political tensions, Bank showed its resilience and continued to post profits consistently in all the quarters. I appreciate the role played by bank employees in giving services to people during these difficult times.

Economic overview

During FY 2021-22, the global economy seemed to be on the cusp of returning to normalcy from the Covid-19 pandemic, however Russia-Ukraine conflict and subsequent sanctions imposed by United States of America and other countries not only brought back uncertainties globally but also clouded the outlook. Latest price spikes in essential commodities and key industrial inputs, coupled with continued supply chain bottlenecks, pose major upside risks to inflation and downside risks to global growth. Global financial markets in advanced countries are highly volatile. Several central banks continue to be on the path of normalisation and tightening of monetary policy stances. Most emerging market economies are witnessing significant capital outflows. The IMF has projected global growth to slow from an estimated 6.1 percent in 2021 to 3.6 percent in 2022 and 2023.

Despite headwinds emerging in the global economic arena, Indian economy has shown resilience with its strong underlying fundamentals backed by prudent and favorable policies. As per provisional estimates released by National Statistical Office,

India's real GDP during 2021-22 is estimated at 8.7 percent as compared to the contraction of 6.6 percent in 2020-21.

In challenging times, the Government and RBI have utilized conventional and non-conventional tools to support the economy. RBI's accommodative stance in the monetary policy during the FY 2021-22 fostered congenial financial conditions to support growth and helped in mitigating the adverse effects of the geo-political crisis. During the FY 2021-22, policy rates were kept low to facilitate recovery and growth.

Bank's performance:

Global Business of the Bank has stood at Rs. 3,53,850.24 Crore as on 31.03.2022 as against Rs. 3,24,324.20 Crore as on 31.03.2021 registering a growth of 9.10%.

Total Deposits of the Bank increased to Rs. 2,24,072.90 Crore as on 31.03.2022 from Rs. 2,05,919.39 Crore as on 31.03.2021 registering a growth of 8.82%. CASA of the Bank (Domestic) stood at 40.26% to domestic deposits of the Bank as on 31.03.2022. Savings Deposits (Domestic) of the Bank has increased to Rs 77,036.91 Crore as on 31.03.2022 from Rs. 70713.06 Crore as on 31.03.2021 registering a growth of 8.94%. Total Advances of the Bank stood at Rs 1,29,777.34 Crore as on 31.03.2022 as against Rs 1,18,404.81 Crore as on 31.03.2021 registering a growth of 9.60%.

Bank has made Net Profit of Rs. 929.76 Crore during the year ended 31.03.2022 as against Rs 167.03 Crore for the year ended 31.03.2021 registering a growth of 456.63%.

Operating Profit of the Bank for the Year ended 31.03.2022 stood at Rs 4797.43 Crore as against Rs 4149.07 Crore for the year ended 31.03.2021 registering a growth of 15.63%.

Net Interest Income of the Bank for the year ended 31.03.2022 has increased to Rs.6472.95 Crore from Rs 5479.70 Crore for the year ended 31.03.2021 registering a growth of 18.13%.

Gross NPA of the Bank has reduced to Rs. 10,237.43 Crore (7.89 %) as on 31.03.2022 from Rs. 11,351.97 Crore (9.59%) as on 31.03.2021. Net NPA of the Bank has reduced to Rs. 3,315.78 Crore (2.70%)as on 31.03.2022 from Rs. 4,389.50 Crore (3.94%) as on 31.03.2021. Provision Coverage Ratio of the Bank has increased to 91.44% as on 31.03.2022 from 88.40% as on 31.03.2021. Capital Adequacy Ratio of the Bank stood at 13.74 % and CET-I Ratio at 10.97% as on 31.03.2022 vis-a-vis Capital Adequacy Ratio at 13.74 % and CET-I Ratio at 11.14% as on 31.03.2021.

Bank has met the criteria of growth in operating profit which enables your Bank to make 15 days Performance Linked Incentive (PLI) to employees.

Initiatives taken up in FY 2021-22 Technological advancement

In meeting growing aspirations of customers, Bank is constantly upgrading its products, systems. Bank has successfully migrated Bank's Core Banking solution Finacle 7.x to Finacle

10.x for enhanced customer experience with added new features. Bank has launched new e-banking application FEBA (Finacle E-banking Application) with enhanced features.

Strategic tie ups

Bank has entered into arrangement with M/s. Aadhaar Housing Finance Limited for Co-lending of Home Loans, to augment the retail loan portfolio of the Bank. Bank has collaborated with FISDOM for distribution of Mutual Funds, e-filing of tax returns, NPS Account opening, insta demat and trading account opening with CDSL.

Loan Process Automation

Bank has implemented Loan Processing Systems (LPS) to improve credit underwriting for end-to-end digital processing of loan applications. LPS is integrated with NSDL Vidya Lakshmi Portal and Udyamitra portal to receive education loan and PM SVANIDHI proposals respectively. LPS is made available through 13 credit linked Govt. Subsidy Schemes. Loan Processing System is equipped with 33 fintech services including KYC Verification, Business Check, ITR/GST/Account statement analysis services etc. LPS is also enabled with the facility of sending automated email and SMS to the customers informing about the status of their loan proposal.

Customer Convenience

The Bank has been constantly improving the features of its products based on customer preferences. Bank has empanelled FinTech companies for implementation of new innovative products for enhancing the customer experience. Bank has Integrated Loan Processing System (LPS) with UCO M-Banking Plus to enhance customer convenience.

Boosting Retail Segment

Bank introduced Straight Through Processing (STP) Mudra Shishu Loans (upto Rs.50,000). Under STP, end-to-end process, from sourcing of application to sanction and disbursement will be done digitally without manual intervention.

With an aim to reduce Turn Around Time in Processing Gold Loans and thereby to improve Gold Loan Portfolio, Bank has introduced the concept of Gold Loan Boutique at 13 identified Branches spread across 8 Zones across the country. Quick sanction and easy processing are some of the salient features of Gold Loan Boutique. Bank has launched various Retail & MSME Loan Campaigns during FY 2021-2022 to increase credit flow to retail & MSME loans.

Supporting Government Initiatives

During COVID 19 crisis Government of India launched Guaranteed Emergency Credit Line (GECL) Schemes, to provide 100% guarantee coverage. It has enabled Banks & NBFCs to extend emergency credit facilities to Business enterprises and MSMEs in the form of additional term loan/working capital facilities. Total business of Rs. 2,688 Crores has been mobilized under all GECL Schemes by your bank.

Bank has also extended benefits of various Government Schemes like PM SVANidhi (Second Tranche), Loan Guarantee Scheme tor Covid Affected Sectors (LgSCAS), Loan Guarantee Scheme tor Covid Affected Tourism Service Sectors (LSCATSS) introduced in FY 2021-22.

Government of West Bengal has introduced Student Credit Card Scheme to enable students to pursue studies from Class 10 onwards by availing Education Loans at lower cost. Bank has adopted the scheme in line with Government of West Bengal and cumulative sanctions under this scheme as on 31st March, 2022 were amounting to Rs. 53.72 crore in 1731 accounts.

Official Language Implementation

UCO Bank has won the "Rajbhasha Kirti Puraskar"- First Prize for the year 2020-21, which is the highest award given by Govt. of India in the field of Official Language for excellent implementation of Official Language Policy in the Bank.

Way forward

Despite FY 2021-22 being the most turbulent year with onset of the Omicron variant of COVID-19 and geopolitical tensions, Bank continued to post profits consistently in all the quarters. During the year, Bank came out of Prompt Corrective Action framework and made suitable plans for improving scale of business through quality lending.

Maintaining momentum of growth in the coming years is the top most priority of the Bank. With the technological advancement and adoption of digitalization, Bank made the products more customer-centric and priced the products at par with the peers to improve CASA and retail segment deposits.

Bank will explore possibilities to tie up with Fintech companies to tap digital opportunities and cross selling of it's products. Going forward for FY 2022-23, our bank has planned to open 200 new branches in the potential centers on a Pan-India basis.

Recognizing the critical importance of controlling NPAs to a sustainable level, the credit risk management tools and strategies are being strengthened. The credit underwriting and administration processes and collection and recovery are being tightened.

In a nutshell, future focus of our Bank will remain on digital services, collection efficiency, risk adjusted credit expansion and recovery.

Acknowledgments

I thank all members of the Board for their valuable support, guidance and inputs to the Management. I would also like to acknowledge the unwavering support of our loyal customers, our dedicated workforce, our valuable stakeholders for their continued confidence and support to the bank in all its endeavors.

   

UCO Bank Company History

UCO Bank is a commercial bank and a Government of India Undertaking. The Bank offers a host of value added banking solutions to their customers, which includes international banking services, services for NRIs, loan schemes, deposit schemes and value added e-banking solutions. They also possess a host of branches authorized for direct tax collection in India. The Bank has 34 regional offices spread all over India. UCO bank head office is located in Kolkata. The Bank has 34 Regional Offices spread all over India. The bank has international presence with four overseas branches in two important financial centers in Singapore and Hong Kong and representative offices at Kuala Lumpur, Malaysia and Guangzhou in China. The bank also has a NRI corner to offer specialized services to its international customers. UCO Bank was incorporated in the year 1943 as The United Commercial Bank Limited. In July 1969, the Bank was nationalized and 100 per cent ownership was taken over by the Government of India. Thereafter the Bank expanded rapidly. In December 30, 1985 the name of the Bank was changed to UCO Bank. During the year 2001-02, the Bank opened 1 new branch in Pune, and 5 new extension counters. During the year 2004-05, the Bank opened 4 new branches and upgraded 7 extension counters into full fledged branches. They also opened 6 new extension counters. During the year, one branch was merged and one extension counter was closed. The company also introduced Gold Card Scheme for exporters to facilitate easy availability of export credit at remuneration terms. During the year 2005-06, the Bank opened 9 new branches and upgraded 8 extension counters into full fledged branches. They opened 2 new extension counters and closed 5 extension counters. The Bank also opened one representative office in Kuala Lumpur in Malaysia. During the year, in terms of the Government directive the Bank had effected merger of three Regional Rural Banks in Bihar on September 9, 2005, two Regional Rural Banks in Orissa on January 2, 2006 and two Regional Rural Banks in Rajasthan on January 27, 2006. During the year 2006-07, the Bank opened 57 new branches, upgraded 53 extension counters into full fledged branches and merged the 15 extension counters with the base branches. They also started 4 flagship corporate branches and 9 mid corporate branches. In February 26, 2007, three Regional Rural Banks in the state of West Bengal were amalgamated and form a single entity named as Paschim Banga Gramin Bank. During the year 2007-08, the Bank opened 95 branches in which 66 branches were opened on January 6, 2008 to commemorate the 65th Foundation Day of the Bank. The Bank opened 40 new branches, 12 mid corporate branches, upgraded 55 extension counters into full fledged branches and merged the 13 extension counters with the base branches. During the year, the company converted two of their existing branches at Kolkata and New Delhi exclusively for catering to needs of senior citizens and named these branches as 'Senior Citizen branches'. In April 4, 2007, the Bank opened one representative office at Guangzhou in China. As at March 31, 2008 the Bank has 1957 branches, two representative offices, 21 mid corporate branches and 19 extension counters.

UCO Bank Directors Reports

The Board of Directors have pleasure in presenting the Directors Report-2021-22 together with the Balance Sheet as on 31st March, 2022 and Profit & Loss Account for the financial year ended 31st March, 2022.

FINANCIAL PERFORMANCE

Your Bank has shown excellent performance during the year. Bank has made net profit of Rs.929.76 crore during the year ended 31.03.2022 as against Net Profit of Rs.167.03 crore for the year ended 31.03.2021 registering growth of 456.63%. Operating Profit for the year ended 31.03.2022 has increased to Rs. 4,797 Crore from Rs. 4,149 Crore registering a growth of 15.63%%. Bank has transferred Rs. 232.44 crore, 25% of current year profit to statutory reserve fund in compliance with Banking Regulation Act 1949.

Gross NPA has reduced to Rs. 10,237.43 Crore (7.89 %) as on 31.03.2022 from Rs. 11,351.97crore (9.59%) as on 31.03.2021. Total income stood at Rs. 18,082.15 Crore for the year ended 31.03.2022 registered a growth of 1.19% over the previous year ended 31.03.2021. Provision Coverage Ratio of the Bank has increased to 91.44 % as on 31.03.2022 from 88.40 % as on 31.03.2021.

Following are the highlights of financial performance indicators as on 31.03.2022.

(Amount in Rs. Crore)
Particulars Year ended 31.3.2021 Year ended 31.3.2022
vrt/ Deposits 2,05,919.39 2,24,072.90
International Deposits 4,391.39 6,353.21
Domestic Deposits 2,01,528.00 2,17,719.69
Of which - Current Account Deposits 9,208.56 10,624.33
Savings Bank Deposits 70,713.06 77,036.91
CASA Deposits (Domestic) 79,921.63 87,661.24
Domestic CASA to Domestic Deposits(%) 39.66 40.26
Advances 1,18,404.81 1,29,777.34
Of which - Domestic Advances 1,06,920.19 115598.38
International Advances 11484.62 14178.96
Net Interest Income (NII) 5480 6473
Other Income 3424 3101
Of which - Trading gains 2008 875
Other Income 8904 9574
Operating Profit 4149 4797
Provisions other than tax 4224.55 3047.07
Provision for NPAs and Bad debts written off 2759.80 3800.06
Profit before Tax (-)75.48 1750.37
Provision for Tax (-)242.52 820.60
Net Profit 167.03 929.76
Key Performance Indicators FY 2021 FY 2022
Cost of Funds 4.35% 3.78%
Yield on advances 7.01% 7.03%
Net Interest Margin 2.58% 2.87%
Cost-Income Ratio 55.13 49.89
Capital Adequacy Ratio (CAR)
Particulars As on 31.03.2021 As on 31.03.2022
Capital Adequacy Ratio-
Basel III 13.74 13.74
CET-I 11.14 10.97
Tier I 11.14 10.97
Tier II 2.60 2.77

   

UCO Bank Company Background

Soma Sankara Prasad
Incorporation Year1943
Registered Office10 B T M Sarani,7th Floor
Kolkata,West Bengal-700001
Telephone91-33-22254120/29,Managing Director
Fax91-33-22485625
Company SecretaryN Purna Chandra Rao
AuditorKhandelwal Kakani & Co/R Gopal & Associates
Face Value10
Market Lot1
ListingBSE,MSEI ,NSE,
RegistrarKFin Techologies Ltd
Karvy Selenium Tow-B,31&32 Financial Dist,Nanakramguda ,Hyderabad-500032

UCO Bank Company Management

Director NameDirector DesignationYear
N Purna Chandra Rao Company Secretary 2022
K Rajivan Nair Director (Shareholder) 2022
Anjan Talukdar Non Official Director 2022
Soma Sankara Prasad Managing Director & CEO 2022
Rajesh Kumar Nominee (RBI) 2022
Sanjay Kumar Nominee (Govt) 2022
Ravi Kumar Agrawal Non Official Director 2022
Ishraq Ali Khan Executive Director 2022

UCO Bank Listing Information

Listing Information
BSE_500
BSE_PSU
CNX500
BSESMALLCA
PSUBANK
BSEALLCAP
BSEFINANCE
MID150
LMI250
MSL400
NFTYMSC400
NFTYSC250
NF500M5025

UCO Bank Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Interest/Discount on Adv/BillsRs.0008140.5066
Income on investments Rs.0005939.0885
Others Rs.000578.4429
Interest on Balances with RBI Rs.000476.2952

Contact us Contact us