Credit rating agency, CARE has reaffirmed ‘AA’ rating to UCO Bank’s Tier II Bonds (Series V to Series VII & Series IX) worth Rs 1,025.0 crore. The rating agency has also reaffirmed ‘AA-’ rating to bank’s Upper Tier II Bonds (Series I & III) worth Rs 620.00 crore and Perpetual Debt (Series I) worth Rs 150.00 crore .
The aforesaid ratings draw strength from the strong parentage with continued support demonstrated by (GoI), its long standing track record, pan-India presence with wide & expanding branch & ATM network, moderate growth in advances, stable investment profile, satisfactory Capital Adequacy Ratio (CAR) and comfortable ALM & interest rate sensitivity profile.
The bank has reported a rise of 41.01% in its net profit at Rs 511.11 crore for quarter ended June 30, 2012, as compared to Rs 362.46 crore for the same quarter in the previous year. Total income of the bank has increased by 5.93% to Rs 4668.81 crore for the quarter under review as compared to Rs 4407.39 crore for the quarter ended June 30, 2012.
| Company Name | CMP |
|---|---|
| SBI | 1080.35 |
| PNB | 114.50 |
| Canara Bank | 142.35 |
| Bank Of Baroda | 280.00 |
| Union Bank Of India | 188.90 |
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