UCO Bank expecting to come out of RBI's PCA framework by March 2020

UCO Bank | Bank - Public | BFSI | BSE: 532505 | NSE: UCOBANK

19 Aug 2019 Evaluate

UCO Bank is expecting to come out of the RBI's Prompt Corrective Action (PCA) framework by March 2020. The bank also hopes to turn profitable by the last quarter of fiscal year 2020. In the quarter ending June 2019, the bank has shown an operating profit of Rs 1,201 crore. It is the highest in the last fourteen quarters.

UCO Bank is a commercial bank and a Government of India Undertaking. The Bank offers wide range of services includes Personal Banking, Corporate Banking, International Banking, Rural Banking and other services.

Peers

Company Name	CMP
State Bank Of India	986.00
PNB	117.45
Bank Of Baroda	233.15
Canara Bank	123.20
Union Bank Of India	176.50
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.