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UCO Bank


BSE: 532505 | NSE: UCOBANK | ISIN: INE691A01018 
Market Cap: [Rs.Cr.] 5,814 | Face Value: [Rs.] 10
Industry: Banks - Public Sector

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Board Meet

07-May-13 
UCO Bank has informed BSE that a meeting of the Board of Directors of the Bank will be held on May 07, 2013, inter alia, to consider and approve the Audited financial results of the Bank for the 4th quarter and year ended on March 31, 2013 and to recommend dividend, if any, for the said financial year. UCO Bank has informed BSE that the Board of Directors of the Bank at its meeting held on May 07, 2013, inter alia, has recommended dividend of Rs. 1/- per share on the face value of Rs. 10/- each for the year 2012-13 subject to approval of RBI and shareholders. (As per BSE Announcement Dated on 07.05.2013) 
05-Feb-13 
UCO Bank has informed BSE that a meeting of the Board of Directors of the Bank will be held on February 05, 2013, inter alia, to consider and to take on record the unaudited Financial Results of the Bank for the 3rd quarter ended December 31, 2012 (Q3). 
07-Nov-12 
UCO Bank has informed BSE that a meeting of the Board of Directors of the Bank will be held on November 07, 2012, inter alia, to consider and to take on record the unaudited Financial Results of the Bank for the 2nd quarter / half year ended on September 30, 2012 (Q2). 
04-Aug-12 
UCO Bank has informed BSE that a meeting of the Board of Directors of the Bank will be held on August 04, 2012, inter alia, to consider and adopt theunaudited Financial Results of the Bank for the 1st quarter ended on June 30, 2012. 
26-Jun-12 
UCO Bank has informed BSE that the 9th Annual General Meeting (AGM) of the Company will be held on June 26, 2012. 

AGM

26-Jun-12
UCO Bank has informed BSE that the Register of Members & Share Transfer Books of the Bank will remain closed from June 19, 2012 to June 26, 2012 (both days inclusive) for the purpose of Payment of Dividend & 9th Annual General Meeting (AGM) of the Bank to be held on June 26, 2012. The date of payment of dividend will be July 10, 2012. UCO Bank has informed BSE that the 9th Annual General Meeting (AGM) of the Company will be held on June 26, 2012. (AsPer BSE Anouncement Website Dated on 22/06/2012) Uco Bank has submitted to the Exchange a copy of the Proceedings of the Annual General Meeting of the Shareholders of the Bank held on June 26, 2012. UCO Bank has informed BSE that the th Annual General Meeting (AGM) of the Bank was held on June 26, 2012. (As Per BSE Announcement Website Dated on 19/07/2012) 
14-Jul-11
UCO Bank has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 07, 2011 to July 14, 2011 (both days inclusive) for the purpose of Payment of Dividend & Annual General Meeting (AGM) of the Bank to be held on July 14, 2011. The date of payment of Dividend will be July 28, 2011. UCO Bank has informed BSE that the members at the 8th Annual General Meeting (AGM) of the Company held on July 14, 2011, inter alia, have accorded to the following: 1. Adoption of Accounts of the Bank for the year 2010-11. 2. Declaration of dividend at Rs. 3.00 per equity share for the year 2010-11 and the preference dividend on 1,82,300 Perpetual Non-Cumulative Preference Share (PNCPS) of Rs. 1 lac each held by the Government of India as per the terms of the issue. 3. Decided to withdraw the agenda item No.3 relating to election of Director as the Nomination Committee of the Board could not determine 'Fit and Proper' status of the candidates on account of numerous communications questioning the eligibility of all the candidates who filed nominations. (As Per BSE Announcement Website dated on 05.08.2011) 
12-Jul-10
UCO Bank has informed BSE that the Register of Members & Share Transfer Books of the Bank will remain closed from June 25, 2010 to July 12, 2010 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Bank to be held on July 12, 2010. UCO Bank has informed BSE that the Annual General Meeting (AGM) of the Shareholders of the Bank will be held on July 12, 2010, inter alia, to consider declaration of dividend @ Rs. 1.50 per share. Further the Bank has informed that, the date of payment of dividend will be on July 16, 2010, if approved by the shareholders at the above meeting. (As Per BSE Announcement Dated on 24.06.2010) UCO Bank has informed BSE that Mr. Sebastian Luckose Morris has been elected by the shareholders of the Bank (other than the Central Government) as a Director of UCO Bank with effect from July 13, 2010 for a period of three years under Section 9(3)(i) of the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970 at the Annual General Meeting of the shareholders of the Bank held on July 12, 2010. (As Per BSE Announcement Website dated on 13.07.2010) UCO Bank has informed BSE that the Annual General Meeting (AGM) of the Bank was held on July 12, 2010. (As Per BSE Announcement Dated on 11.08.2010) 
03-Jul-09
Annual General Meeting (AGM) of the Bank to be held on July 03, 2009. UCO Bank has informed BSE that the members at the 6th Annual General Meeting (AGM) of the Bank held on July 03, 2009, inter alia, have accorded the following: 1. Adoption of the Balance Sheet of the Bank as at March 31, 2009, Profit and Loss Account for the year ended March 31, 2009, the Report of the Board of Directors on the working and activities of the Bank for the year ended March 31, 2009. 2. Declaration of dividend @ Re. 1/- per equity shares of Rs. 10/- each. 3. Increasing the Authorised Capital of the Bank from the present Rs. 1500 crore to Rs. 3000 crore comprising of 75 crore (seventy five crore) equity shares of nominal value of Rs. 10/- each aggregating to Rs. 750 crore (Rupees Seven hundred fifty crore) and 225000 (Two lac Twenty five thousand) Perpetual Non-Cumulative Preference Share (PNCPS) of Rs. 1 lac each aggregating to Rs. 2250 crore (Rupees Two thousand two hundred fifty crore only. 4. Ratified the issue and allotment of 70000 (Seventy thousand) Perpetual Non-Cumulative Preference Share (PNCPS) of Rs. 1 lac each aggregating to Rs. 700 crore (Seven hundred crore only) to the Central Government on March 30, 2009, which is in excess to the extent of Rs. 75 crore (Seventy five crore only) over and above the issue of PNCPS of Rs. 625 crore (Rupees six hundred twenty five crore only) as approved by the Shareholders at the Extra Ordinary General Meeting of the Bank held on March 12, 2008, subject to necessary provisions & approvals. 5. Authority to the Board to create, offer, issue and allot Perpetual Non-Cumulative Preference Shares (PNCPS) to the extent of Rs. 1550 crore (Rupees one thousand five hundred fifty crore only) in one or more tranches, either in Indian Rupees and / or in any other foreign currency, by way of public issue and / or on private placement basis and / or by any other permitted mode or any combination thereof to person or persons viz, Central Government, State Government (s), Companies and bodies corporate, FIIs, Financial Institutions, Banks, Qualified Institutional Buyers, Employees, Employees Trust(s) or other investor, whether resident in India or not and whether a shareholder of the Bank or not, or any combination of the above as may be deemed appropriate by the Bank,subject to necessary provisions & approvals. (As Per BSE Announcement Website dated on 17.09.2009) 
30-Jun-08
UCO Bank has informed BSE that an Annual General Meeting (AGM) of the Bank to be held on June 30, 2008. UCO Bank has informed BSE that the 5th Annual General Meeting (AGM) of the members of the Bank will be held on June 30, 2008, inter alia, to transact the following business: 1. To discuss, approve and adopt the Balance Sheet of the Bank as at March 31, 2008, Profit and Loss Account of the Bank for the year ended March 31, 2008, the Report of the Board of Directors on the working and activities of the Bank for the period ended on March 31, 2008 and Auditors' Report on the Balance Sheet and Accounts. 2. To approve and declare dividend for 2007-08. (As Per BSE Announcement Website Dated on 06.06.2008) UCO Bank has informed BSE that the members at the 5th Annual General Meeting (AGM) of the Bank held on June 30, 2008, inter alia, have accorded the following: 1. Adoption of the Balance Sheet of the Bank as at March 31, 2008, Profit and Loss Account for the year ended March 31, 2008, the Report of the Board of Directors on the working and activities of the Bank for the year ended March 31, 2008. 2. Declaration of dividend @ Re 1/- per equity shares of the Bank of Rs 10/- each. (As per BSE Announcement Website dated on 13/08/2008) 

EGM

04-Mar-13
UCO Bank has informed BSE that Extra-ordinary General Meeting of the shareholders is scheduled to be held on March 04, 2013 for seeking the approval of shareholders for issuance of 8,81,21,118 equity shares of Rs. 10/- each at an issue price of Rs. 77.28 as determined in accordance with 76 (4) of SEBI (ICDR) Regulations 2009 to Government of India on preferential basis. UCO Bank has informed BSE that the Extra Ordinary General Meeting (EGM) of the Bank was held on March 04, 2013. (As per BSE Announcement Dated on 06.03.2013) 
23-Mar-12
UCO Bank has informed BSE that the Bank is convening an Extra-ordinary General Meeting of the shareholders on March 23, 2012 for seeking the approval of shareholders for the following proposals: 1. issuance of upto 3,13,75,874 of equity shares of Rs. 10/- each for cash at a price as may be determined in accordance with 76(4) of SEBI (ICDR) Regulations 2009 on preferential basis to the Life Insurance Corporation of India. 2. issuance of additional equity capital on preferential basis to the Government of India upto Rs. 500 crore or such other amount that the GOI may approve at a price as may be determined in accordance with 76 (1) of SEBI (ICDR) Regulations 2009. UCO Bank has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company was held on March 23, 2012. (As Per BSE Announcement Dated on 26.03.2012) 
17-Mar-11
UCO Bank has informed BSE that the Board of Directors of the Bank, at its meeting held on February 19, 2011, approved preferential allotment of Equity shares of Rs. 10/- each to Govt. of India against the proposed capital infusion of Rs. 940 crore at an issue price as may be determined in accordance with Regulations 76(1) of SEBI ICDR Regulations, subject to the approval of shareholders of the Bank. The Bank has further informed that Extraordinary General Meeting of the shareholders will be held on March 17, 2011, to consider above proposal for issue of Equity shares to the Govt. of India on preferential basis. UCO Bank has informed BSE that an Extra Ordinary General Meeting (EGM) of the Bank will be held on March 17, 2011. to create,offer, issue and allot upto 7,90,00,000 (Seven Crore Ninety Lakh) equity shares of Rs. 10/- each (Rupees Ten only) for cash at such Issue Price as may be determined by the Board of in accordance with Regulation 76(1) of SEBI ICDR Regulations and aggregating to Rs. 940 crores on Preferential basis to Government of India, subject to necessary provisions & approvals. (As Per BSE Announcement Dated on 01.03.2011) UCO Bank has informed BSE that the Extra Ordinary General Meeting (EGM) of the Bank was held on March 17, 2011. Outcome of EGM: - The Chairman took up the only item on the agenda relating to raising of capital and issue of equity shares on preferential basis to Government of India. - The Chairman detailed the background of the agenda item and proposed the Special Resolution as set out in the Notice convening the Meeting. - The Chairman informed the members that the issue price determined as per the SEBI (ICDR) Regulations, 2009 is Rs. 120.27 taking February 15, 2011 as the relevant dote. A certificate from M/s. D.R Mohnot & Co, Chartered Accountants, one of the Statutory Auditors of the Bank certifying the correctness of Issue Price of Rs. 120.27 and compliance with SEBI (ICDR) Regulations is placed before the members at the meeting. - The Chairman further informed that at the issue price of Rs. 120.27 per share, Bank will issue and allot 7,81,57,479 equity shares to Government of India against propose funding of Rs. 940 Crore. Out of Rs. 940 Crore, an amount of Rs. 78,15,74,790 will be transferred to Share capital account and balance of Rs. 861,84,25,210 to share premium account. - The Special Resolution was proposed and seconded by the Shareholders. - Before putting the resolution to vote, the Chairman invited the shareholders present to make their observations if any - The Chairman then responded to the observations made / queries raised by the Shareholders. - The Chairman then put the resolution to vote on a show of hands and announced that the Special Resolution was passed with requisite majority. - The Chairman then declared the Extraordinary General Meeting as closed. (As Per BSE Announcement Website dated on 18.03.2011) 
02-Mar-10
UCO Bank has informed BSE that the Extra Ordinary General Meeting (EGM) of the bank will be held on March 02, 2010, inter alia, to create, offer, issue and allot not exceeding 6 (six) crore Equity Shares (the 'Equity Shares') of face value of Rs 10/- each, in one or more tranches by way of domestic / international offerings to one or more persons as the Board may determine at its absolute discretion, whether or not they are members of the Bank, including but not limited to domestic investors / foreign investors whether having presence in India or not / institutional investors / foreign institutional investors, members, employees, non-resident Indians, companies or bodies corporate whether incorporated in India or abroad, trusts, mutual funds, financial institutions, insurance companies, pension funds, individuals or otherwise, whether shareholders of the Bank or not, through a public issue, preferential issue and / or private placement, with or without an over-allotment option, with or without reservation on firm and / or competitive basis of such part of the issue for such person or categories of persons as may be permitted and / or Qualified Institutions Placement (QIP) listed on any Stock Exchange inside India, through an offer document and / or prospectus and / or offer letter and / or placement document and / or information memorandum and / or any other offering document(s) as the Board may in its sole discretion at any time or times hereafter decide, at such price or prices in such manner and where necessary in consultation with the lead managers and / or underwriters and / or other advisors or otherwise on such terms and conditions as the Board may, in its absolute discretion, decide in terms of the ICDR Regulations, Regulations and any and all other applicable laws, rules, regulations and guidelines whether or not such investor (s) are existing members of the Bank, at a price not less than the price as determined in accordance with relevant provisions of ICDR Regulations. 
30-Jan-10
UCO Bank has informed BSE that a meeting of the Board of Directors of the Bank will be held on January 30, 2010, inter alia, to decide / resolve / pass resolution by circulation on the proposal for raising 6 crore equity shares of face value of Rs. 10/- each at a suitable premium either through FPO (for which Government of India's approval received) or through QIP (subject to Government of India's approval) and to convene an Extra-ordinary General Meeting (EGM) of the shareholders to approve the proposal for raising 6 (six) crore equity shares either through FPO (for which Government of India's approval received) or through QIP (subject to Government of India's approval). 

Peer Comparison

Company Market Cap
(Rs. in Cr.) 		P/E (TTM)
(x) 		P/BV (TTM)
(x) 		EV/EBIDTA
(x) 		ROE
(%) 		ROCE
(%) 		D/E
(x)
St Bk of India 161,725.21 10.89 1.86 14.68 15.7 0.0 0.00
Bank of Baroda 30,251.69 6.65 0.98 14.70 20.6 0.0 0.00
Punjab Natl.Bank 28,537.40 6.23 0.91 12.68 16.5 0.0 0.00
Canara Bank 19,578.39 6.82 0.86 12.24 17.0 0.0 0.00
Bank of India 18,836.40 7.11 0.83 14.59 13.0 0.0 0.00
Union Bank (I) 13,741.09 6.37 0.88 13.89 14.8 0.0 0.00
IDBI Bank 11,695.06 6.21 0.60 11.97 13.4 0.0 0.00
Syndicate Bank 7,867.49 3.92 0.82 13.82 17.9 0.0 0.00
Oriental Bank 7,670.37 5.78 0.63 12.18 10.7 0.0 0.00
Central Bank 7,270.28 7.16 0.79 13.64 5.0 0.0 0.00
Indian Bank 6,695.82 4.24 0.64 12.50 19.9 0.0 0.00
Corporation Bank 6,364.11 4.44 0.67 12.23 19.5 0.0 0.00
Allahabad Bank 6,225.37 5.25 0.59 12.98 21.6 0.0 0.00
UCO Bank 5,814.07 9.41 0.79 13.35 19.4 0.0 0.00
I O B 5,734.04 10.11 0.49 13.41 11.1 0.0 0.00

Futures & Options Quote

 
Expiry Date
77.65 1.55  [2.0]%
Instrument: FUTSTK
Expiry Date: 30 May 2013
Open Price: 79.50
Average Price: 78.15
No. of Contracts Traded: 10,540,000
Open Interest: 19,220,000
Underlying: UCOBANK
Market Lot: 4000
Previous Close: 77.65
Day’s High | Low: 80.15 | 76.05
Turnover (Cr.): 82.37
Open Int. Change: -272,000.00 ( [1.4]% )
View detailed F& O quotes >>

Key Information

Key Executives:

Arun Kaul , Chairman & Managing Director 

Ram Avtar Sharma , Director (Workmen Employee) 

Sebastian Luckose Morris , Director(Shareholders) 

N R Badrinarayanan , Executive Director 

Company Head Office / Quarters:
10 B T M Sarani,
7th Floor,
Kolkata,
West Bengal-700001
Phone : 91-33-22316860/58/22254120/22254129
Fax : 91-33-22485625
E-mail : hosgr.calcutta@ucobank.co.in
Web : http://www.ucobank.com
Registrars:
Karvy Computershare Pvt Ltd
Plot No 17-24
Vittal Rao Nagar
Madhapur
Hyderabad-500081

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