Uco Bank
UCO Bank, incorporated in 1943, is a Kolkata-based mid-sized public sector bank that operates through a network of domestic 3,217 branches and three international branches as on December 31, 2023, with branch concentration in north and east India. In...
Key Metrics
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Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Sustaining profitability parameters.
Significantly improving size of the bank.
Improving asset quality parameters, with net stressed assets/tangible net worth below 25% on a sustained basis
Majority ownership and expected support from the Government of India (GoI)
Comfortable capitalisation levels
Liquidity: Adequate
Cons
Materially diluting GoI shareholding or support.
Deteriorating asset quality parameters with net NPA ratio of over 5% on a sustained basis.
Deteriorating profitability resulting in return on total assets (ROTA) of under 0.3% on sustained basis
Deteriorating capitalisation levels with cushion above minimum regulatory requirement lower than 1% on a sustained basis.
Improving asset quality despite being moderate
Moderate resource profile with low CASA deposits
Relatively moderate size and concentration in East and Northern India
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About Uco Bank bond.
This comprehensive profile covers key factual information about Uco Bank. UCO Bank, incorporated in 1943, is a Kolkata-based mid-sized public sector bank that operates through a network of domestic 3,217 branches and three international branches as on December 31, 2023, with branch concentration in north and east India. In October 2003, Government of India (GoI) divested 25% stake through an initial public offering (IPO) of equity shares. However, post many capital infusions over subsequent years, GoI shareholding has been steadily increasing and stood at 95.39% as on December 31, 2023. Post the asset quality review (AQR) by RBI, the bank saw significant increase in its NPAs, resulting in having to make provisions, impacting its profitability and capital adequacy. UCO Bank was put into prompt corrective action (PCA) framework by RBI in May 2017 and was subsequently removed from PCA in September 2021 after it met parameters under the framework. UCO Bank is sponsor of Paschim Banga Gramin Bank (PBGB), a regional rural bank (RRB), headquartered at Howrah, West Bengal with four regional offices and 230 branches as on December 31, 2023. EPS in Mar-2024 was 1.40. Current ratio in Mar-2024 was 0.11. Debt/Equity in Mar-2024 was 10.89. Debt/EBITDA in Mar-2024 was 103.99. Interest coverage ratio in Mar-2024 was 0.00. Operating Cashflow to total debt in Mar-2024 was 0.00. Total revenue for Mar-2025 (E) was ₹26265.90. Net income for Mar-2025 (E) stood at ₹2490.12. Total assets as of Mar-2024 were ₹323548.46. Operating cash flow for Mar-2024 was ₹1001.75. Peers and comparison entities consist of Uco Bank, State Bank of India, Bank of Baroda Limited, Punjab National Bank. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Sustaining profitability parameters.; Significantly improving size of the bank.; Improving asset quality parameters, with net stressed assets/tangible net worth below 25% on a sustained basis; Majority ownership and expected support from the Government of India (GoI) ; Comfortable capitalisation levels; Liquidity: Adequate; . Key risks include: Materially diluting GoI shareholding or support.; Deteriorating asset quality parameters with net NPA ratio of over 5% on a sustained basis.; Deteriorating profitability resulting in return on total assets (ROTA) of under 0.3% on sustained basis; Deteriorating capitalisation levels with cushion above minimum regulatory requirement lower than 1% on a sustained basis.; Improving asset quality despite being moderate; Moderate resource profile with low CASA deposits; Relatively moderate size and concentration in East and Northern India. Leadership team details include Ashwani Kumar ( The Managing Director and CEO of UCO Bank), Aravamudan Krishna Kumar (The Non Executive Chairman of UCO Bank), Anjan Talukdar (A Part Time Non Official Director of UCO Bank), Vijaykumar Nivrutti Kamble (The Executive Director of UCO Bank). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.