Jun 18, 2013, 01.02 PM IST | Source: CNBC-TV18

IOB marks Reid & Taylor, S Kumars a/c as NPA

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.

After State-run UCO Bank named Reid & Taylor account as non-performing asset, another public sector bank - IOB  - has classified loans to Reid & Taylor and S Kumars Nationwide as non-performing assets, reports CNBC-TV18.

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 April 07, 2014, UCO Bank closed at Rs 74.80, down Rs 0.95, or 1.25 percent. The 52-week high of the share was Rs 84.10 and the 52-week low was Rs 46.00.

The company's trailing 12-month (TTM) EPS was at Rs 12.57 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 5.95. The latest book value of the company is Rs 80.04 per share. At current value, the price-to-book value of the company is 0.93.

READ MORE ON  S Kumars Nationwide, IOB, UCO Bank
Set email alert for
UCO Bank IOB S Kumars Nation


Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Narendra Modi

80994.64 986.03 1.23%


Bought today


Sold today


User holding

video of the day

Wage hikes to hit Q1FY15 margin by 250-300 bps: Infosys

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.