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 November 27, 2015, UCO Bank closed at Rs 47.75, up Rs 1.40, or 3.02 percent. The 52-week high of the share was Rs 92.95 and the 52-week low was Rs 40.35.
The company's trailing 12-month (TTM) EPS was at Rs 8.61 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 5.55. The latest book value of the company is Rs 111.00 per share. At current value, the price-to-book value of the company is 0.43.
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