On March 28, 2025, UCO Bank shares are on investors’ radars as the public sector bank has finished capital raising via Qualified Institutional Placement (QIP). On March 27, 2025, UCO Bank, through an exchange filing, announced that the Board of Directors had approved the allotment of 583,600,803
Equity Shares to eligible qualified institutional buyers at the issue price of ₹34.27 per Equity Share,
aggregating to ₹1,999,99,99,518.81.
On March 28, 2025, UCO Bank share price rose over 1%, reaching a day high of ₹37.29 at 09:30 AM, after opening at ₹36.90.
During Q3FY25, UCO Bank’s net interest income saw a growth of 19.62% year-over-year (YoY). Noninterest income also increased by 37.75%. The domestic Net Interest Margin (NIM) improved by 36 basis points (bps) YoY, reaching 3.38%, while the global NIM grew by 33 bps YoY, reaching 3.17%. The yield on domestic advances rose by 25 bps to 9.06%, and the global yield on advances improved by 22 bps to 8.70%. The operating profit for the quarter grew by 41.73% YoY, totaling 1,586 crore, while the net profit increased by 27.04% YoY, reaching 639 crore.
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Published on: Mar 28, 2025, 9:41 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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