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| Name of Company | UCO Bank |
| BSE Code | 532505 |
| NSE Code | UCOBANK |
| ICICI Code | |
| Established | |
| My Take | So-So |
| Headquarters | Kolkatta |
| Promoters | Government |
| Story | NPM's around 6% can be expected. Gross NPA at 1.99%, net NPA at 1.17%. CAR by Basel II is 13.21. |
| Sector | Banking |
| Sub-sector | Retail banking |
| Website | |
| Positives | Low PE - 4300 Cr market cap for a 1000 Cr profit. Regularly dividend paying company – can expect a dividend of >1%. 63% promoter holding. Revenue has doubled from 4300 Cr in FY06 to 9500 Cr in FY10. Profit has grown 5 fold in the same period from 200 Cr to 1000 Cr. The company has 3000 Cr in reserves (<1/3rd of FY10 revenue). |
| Negatives | Very near 52 week high. |
| Peers | SBI, ICICI, HDFC bank, IOB, BOI, IB |
| News | |
| Price @ blogged | 78.40 (26-Jun-10) |
Jun 27, 2010
UCO Bank - 532505
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