Out of 12 PSU lenders, half of them- UCO Bank, Indian Overseas Bank, IDBI Bank, Bank of Maharashtra, Punjab & Sind Bank and Central Bank of India- do not meet the minimum public shareholding norms of Sebi.

UCO Bank, IOB, IDBI Bank among 6 PSU banks that may remain in spotlight over next few months

PSU Banks in focus post Q1 earnings: PNB, BoI, BoB, Uco Bank and IOB rallied over 3% each. SBI, Canara Bank, Union Bank of India, Indian Bank and Central Bank were up 2-3%.

Nifty PSU Bank index surges 3%; PNB soars 7% on strong Q1 results

UCO Bank Q1 net profit: QIP likely in Q2 or Q3 for capital raise

UCO Bank Q1 net profit more than doubles to Rs 551 cr on improved NIMs

State-owned UCO Bank on Monday reported a 147 per cent year-on-year jump in net profit to Rs 551 crore in the April-June quarter. The lender’s bottomline in the corresponding period a year ago stood at Rs 223 crore.

UCO Bank Q1 Results: Net profit jumps 147% YoY to Rs 551 crore

State-owned UCO Bank on Monday reported a 147 per cent year-on-year jump in net profit to Rs 551 crore in the April-June quarter.

Uco Bank Q1 result: Net profit jumps 147% to Rs 551 cr, deposits rise 7.39%

Total Operating Income rise 15.32% to Rs 6023.99 crore

Earnings

UCO Bank consolidated net profit rises 146.88% in the June 2024 quarter

Notable tech companies like Cigniti Technologies, Moschip Technologies, and Zensar Technologies will declare their first-quarter earnings on Monday.

Q1 Results Today: IDBI Bank, Suzlon Energy, Coforge, UCO Bank Among 40+ Firms To Declare Earnings

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Earlier, four public sector banks, including Canara Bank and Indian Bank, presented dividend cheques worth Rs 6,481 crore to Finance Minister Nirmala Sitharaman for the financial year 2023-24

PNB, UCO Bank submit Rs 1,527 crore dividend cheques to Finance Ministry

Another public sector bank, Punjab & Sind Bank, is planning to raise Rs 2,000 crore this year. The government holds 98.25 per cent in the state-owned bank

IOB, UCO Bank likely to raise funds through QIP route next month

Revised Rate (with effect from 11.07.2024)

UCO Bank reviews benchmark rates and MCLRs

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

UCO Bank is a commercial bank whose segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations.

UCO Bank