/ UCO Bank Rallies Nearly 4% As RBI Keeps Close Watch ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 24 March 2017

Stocks of UCO Bank rallied nearly in Friday’s trade, as the Reserve Bank of India is keeping a close watch on four public sector lenders, including UCO Bank.

The RBI has advised UCO Bank, IDBI Bank and Indian Overseas Bank to stay off risky assets so that the financial health of these lenders is not stressed further. The fourth name in the list has not been ascertained.

Whereas, IDBI Bank is up by 1.6% and Indian Overseas Bank is up by 1.8% on an intraday basis on Friday.

The stock of UCO Bank on the NSE has delivered negative returns of 4.2%, and has underperforming the BSE Mid Cap and BSE Sensex indices over the same time period.

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