SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

UCO Bank seeks capital infusion worth Rs 1,000 crore from government

23 Jun 2014 Evaluate

In a bid to meet its growth plans, UCO Bank is seeking capital infusion worth Rs 1,000 crore from the government for the current fiscal. The bank would require Rs 15,000 crore as tier-I capital in the next three years.

Last fiscal, the Kolkata-based bank got capital support worth Rs 200 crore from the government. Moreover, the bank is expecting credit and deposit growth of 15-16 per cent in 2014-15.

The bank reported over five fold jump in its net profit at Rs 284.70 crore for the quarter ended March 31, 2014 as compared to Rs 49.56 crore for the same quarter in the previous year.  Total income of the bank increased by 17.27% at Rs 5309.27 crore for quarter under review as compared to Rs 4527.06 crore for the quarter ended March 31, 2013.

UCO Bank Share Price

26.76 0.21 (0.79%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×