You must come across this article looking for information about UCO Bank Share Price. Luckily, you are in the right place. UCO Bank, formerly known as United Commercial Bank was launched in 1943, and the headquarter of this bank is located in Kolkata, India. It is one of the famous government-owned commercial banks in India.
Honestly, during the year 2020-21 the total business of this bank was around 3.24 Lakhs Crore. All are under observation by the Ministry of Finance. There is no doubt that UCO Bank is doing great in terms of providing banking services such as UCO Net Banking to customers.
But, in this article, all we gonna talk about is the UCO Bank Share Price. We will be adding all the related and possible information in this article that will help the people deciding the stocks. Let’s have a look.
UCO Bank Share Price
The current share price of the stock is around Rs 13.70. There is no doubt. It is under the declining factors but soon it gonna rise above the market. It all depends on the circumstances happening in the bank and the stock or share price is depend on many things.
It is not possible to predict a perfect future, but recently UCO Bank raises Rs 3000 in FY21 to Shareholders’ stacks. Let’s have a piece of deeper information.
UCO Bank raises Rs 3000 in FY21 to Shareholders’ stacks
Recently, the state-owned UCO Bank has confirmed officially that it will raise Rs 3000 crore in the year 2020-21 during the financial crisis through various modes. However, it is subject to requisite approval by the bank.
The funds will be raised through various modes like follow on public offer (FPO), qualified institutional placement (QIP), preferential issue, etc.
For instance, the board of directors (BOD) of this bank decided to approve the 3000 Rs crore stacks in the market on Thursday, 20 July 2020.
This drastically affected the share price of UCO Bank. The previously closed shares of UCO Bank were sold at around 14.15 Rs.
What’s next?
If you are holding any of your stocks in UCO Bank share. Then, we will generally suggest you wait until the UCO Bank share price goes up again.
We cannot predict anything, but the current pandemic will drastically affect everything including the share prices of companies and banks. Thus, it is better to have patience and wait until the market gets up.
Official Website: https://www.ucobank.com
Bottom Line
Here we come at the end. There is no doubt. UCO Bank, formerly known as United Commercial Bank is one of the popular and formerly known government banks in India. This bank is doing great in terms of providing services to its customers and employees.
However, apart from the praises. This article is only added to provide some live information about UCO Bank Share Price. For instance, we have added everything that you need to know about it. We hope it helps. If there is anything else to ask? Do not hesitate to ask us in the comments section.
