InvestorQ : If I want to choose between UCO Bank and Indian Bank, which bank should I choose?
Katherine Gonsalves made post

If I want to choose between UCO Bank and Indian Bank, which bank should I choose?

Answer
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Rutuja Nigam answered.
1 year ago


If you look at the latest quarterly results, then UCO Bank has made a loss of Rs.1552 crore while Indian Bank has made a net loss of just about Rs.189 crore. Also, Indian Bank was making profits till the last quarter and only this quarter has been negative due to higher provisioning. Even if you look at NPAs, Indian Bank has NPAs below 7.5% while UCO Bank NPAs are closer to 10%. Considering that Indian Bank has corrected sharply in the last few months, it may be a good idea for you to prefer Indian Bank over UCO Bank.


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K V RAO answered.
1 year ago


Why you are particular about Government owned banks? Don't touch Government banks. Instead, if you are particular about financial sector stocks, go for private sector players such as HDFC BANK, KOTAK MAHINDRA ETC. Here also scope for higher values is less in the short term. In the long run, you can earn an average of 15-20 per cent.