{"id":6603,"date":"2025-03-24T09:16:45","date_gmt":"2025-03-24T03:46:45","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=6603"},"modified":"2025-03-24T09:16:47","modified_gmt":"2025-03-24T03:46:47","slug":"uco-bank-shares-in-spotlight-as-it-launches-%e2%82%b92000-crore-qip","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/uco-bank-shares-in-spotlight-as-it-launches-%e2%82%b92000-crore-qip\/","title":{"rendered":"UCO Bank Shares in Spotlight as It Launches \u20b92,000 Crore QIP"},"content":{"rendered":"\n<p>Shares of UCO Bank are expected to remain in focus as the state-owned lender launches a \u20b92,000 crore Qualified Institutional Placement (QIP) on March 24. The issue is priced at \u20b934.2 per share, which is at a discount compared to the bank\u2019s previous closing price.<\/p>\n\n\n\n<p>In the past six months, UCO Bank&#8217;s stock has dropped more than 20%, underperforming the broader market. During the same period, the Nifty 50 index dropped only 9%, indicating the bank&#8217;s weak performance in the market.<\/p>\n\n\n\n<p>Despite this, UCO Bank has reported a strong Q3FY25 performance with a 27% year-on-year growth in net profit. The bank&#8217;s net profit rose to \u20b9639 crore from \u20b9502 crore in Q3FY24.<\/p>\n\n\n\n<p>The bank&#8217;s Net Interest Income (NII) also rose 19.6% YoY to \u20b92,377 crore, while total income rose 15% YoY to \u20b97,406 crore, demonstrating sustained improvement in its financial health.<\/p>\n\n\n\n<p>The asset quality also improved with Gross Non-Performing Assets (GNPA) falling to 2.91% from 3.18% of the previous quarter. Net NPAs also fell to 0.63%, reflecting better credit management.<\/p>\n\n\n\n<p>Looking forward, UCO Bank has maintained a positive outlook for FY25, projecting:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>8-10% deposit growth<\/li>\n\n\n\n<li>12-14% credit growth<\/li>\n\n\n\n<li>Slippage ratio between 1-1.25%<\/li>\n\n\n\n<li>Credit costs below 1%<\/li>\n\n\n\n<li>GNPA and NNPA below 3% and 0.65%, respectively<\/li>\n<\/ul>\n\n\n\n<p>Market analysts believe that strong Retail, Agriculture, and MSME (RAM) credit growth will drive UCO Bank\u2019s long-term performance. Additionally, corporate credit growth is expected to support further improvements in the bank\u2019s valuation, making it a stock to watch in the coming months.<\/p>\n\n\n\n<p>Do you have a news tip for Lakshmishree reporters? Please email us at <a>media@lakshmishree.com<\/a>.<\/p>\n\n\n\n<p><sup><sub>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/uco-bank-shares-in-focus-as-it-launches-rs-2-000-crore-qip-12972996.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/uco-bank-shares-in-focus-as-it-launches-rs-2-000-crore-qip-12972996.html\" rel=\"noreferrer noopener nofollow\">Moneycontrol<\/a>.<\/sub><\/sup><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of UCO Bank are expected to remain in focus as the state-owned lender launches a \u20b92,000 crore Qualified Institutional Placement (QIP) on March 24. The issue is priced at \u20b934.2 per share, which is at a discount compared to the bank\u2019s previous closing price. In the past six months, UCO Bank&#8217;s stock has dropped [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6604,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[1094],"class_list":["post-6603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-uco-bank-qip"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/6603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=6603"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/6603\/revisions"}],"predecessor-version":[{"id":6605,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/6603\/revisions\/6605"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/6604"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=6603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=6603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=6603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}