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UCO Bank zooms on introducing three new digital products

UCO Bank is currently trading at Rs. 12.98, up by 1.50 points or 13.04% from its previous closing of Rs. 11.50 on the BSE.

The scrip opened at Rs. 11.90 and has touched a high and low of Rs. 13.10 and Rs. 11.82 respectively. So far 237895 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 23.40 on 01-Jan-2019 and a 52 week low of Rs. 11.45 on 03-Oct-2019.

Last one week high and low of the scrip stood at Rs. 13.80 and Rs. 11.45 respectively. The current market cap of the company is Rs. 9099.68 crore.

The promoters holding in the company stood at 92.52%, while Institutions and Non-Institutions held 3.40% and 4.08% respectively.

UCO Bank has introduced three new digital products that are UCash, Digilocker and an app. UCash enables customers to withdraw money from ATMs through mobile banking without using a debit card. Digilocker aims to eliminate the use of physical documents and enables the sharing of verified electronic documents.

The third product, the new mobile app, integrates four existing apps of the bank – UCO Mbanking, UCO UPI, UCO Mpassbook and UCO Secure- in a single interface. The bank also launched a new current account.

UCO Bank is a commercial bank and a Government of India Undertaking. The Bank offers wide range of services includes Personal Banking, Corporate Banking, International Banking, Rural Banking and other services.

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