Jun 18, 2013, 03.47 PM | Source: CNBC-TV18
Uco Bank has slapped a loan recall notice on Reid & Taylor after it failed to repay over Rs 100 crore loan. IOB has classified both Reid & Taylor and S Kumars accounts as NPAs.
Early last month, UCO Bank, in an advertisement in national dailies, posted photograph of Nitin Kasliwal, chairman and managing director of S Kumars Nationwide ( SKNL ), who is the guarantor of the loan taken by its arm Reid & Taylor, and called him a defaulter.
At 12:57 hours IST, S Kumars Nationwide was quoting at Rs 4.50, down 1.32 percent.
UCO Bank stock price
On May 26, 2016, UCO Bank closed at Rs 33.80, up Rs 0.65, or 1.96 percent. The 52-week high of the share was Rs 64.70 and the 52-week low was Rs 27.80.
The latest book value of the company is Rs 93.50 per share. At current value, the price-to-book value of the company was 0.36.
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