Global business crosses Rs.2.71 lac crore
Net Profit for FY2011-12 surges 22.3% YoY to reach Rs.1109 crore
UCO Bank's Performance Highlights
Global Business of the Bank registered a YoY growth of 10.44% during the
FY’12 to reach Rs. 2, 71,508 crore as on 31.03.2012 (Rs. 2, 45,839 crore as on
The total deposit of the bank rose by 6.01% YoY to reach Rs. 1, 54,003 crore as on 31.03.2012 (Rs.
1,45,278 crore as on 31.03.2011).
The advances of the bank rose sharply by 16.85% to reach Rs. 1,17,504 crores on 31.03.2012 as
against Rs. 1,00,561 crore on 31.03.2011.
PERFORMANCE : Q4 FY’12 versus Q4 FY’11
Operating profit of the bank during Q4 FY’12 surged 25.30%
to reach Rs. 728 crores (Rs. 581 crore).
Net profit rose by 11.45% to reach Rs. 253 crores in Q4 FY’12 as
against Rs. 227 crores in corresponding period last year.
Profit for the qtr would have been more but for higher NPA provision of Rs. 379 crore in Q4FY’12 against
Rs.94 crore in Q4FY’11 and 28% increase in employee benefit during Q4 FY’12 to Rs. 169 crore (Rs. 132 crore).
Net Interest Income rose sharply by 24.40% (QoQ) to Rs. 1050 crores in Q4 FY’12 against
Rs. 844 crores in the same period previous year.
During the quarter Net Interest Margin(annualized) reached 2.71% (2.35%).
Average Cost of deposit (annualized) during Q4 FY’12
stood at 7.47% against 6.34% in Q4 FY11, i.e. an increase by 113 bps.
Average Yield on Advances during Q4 FY’12 was 11.30% against 9.86% in Q4
FY11. i.e. an increase by
PERFORMANCE : FY’12 versus FY’11
Operating profit of the bank during FY’12 rose by 4.32% YoY
to reach Rs. 2,811 crores (Rs. 2,695 crore).
Net profit rose sharply by 22.30% to reach Rs. 1,109 crores in FY’12 as against Rs.
907 crores in FY11.
Net Interest Income moved up by 1.49% to Rs. 3902 crores in FY’12 against
Rs. 3,845 crores in FY’11.
The Cost to Income ratio came down to 42.24% during the current
financial year from 43.51% last year.
Average Cost of deposit for FY’12 stood at 7.30% against 5.74% in FY11.
Average Yield on Advances during FY’12 was 11.28% against 10.00% in FY11.
Our CASA deposit rose 7% YoY to reach Rs. 33,867 crores as on 31.03.2012
(Rs. 31,652 crores). The share of CASA percentage against domestic deposit stood at 23.85% in March’12 against
23.20% in March’11.
Credit Deposit Ratio stood at 76.30 % as on Mar’12 against
69.22% as on Mar’11.
Global Net Interest Margin (annualized) was 2.77% during FY’12. The domestic
NIM stood at 2.95%.
GNPA ratio stood at 3.48 % on 31.03.12 against 3.13% on 31.03.11.
However GNPA stood at 3.50% as on June’11, 3.64% as on Sept’11 and 3.49% as
on Dec’11. Thus, after reaching 3.64% in Sep’11, it has now come down to
NNPA ratio stood at 1.96% on 31.03.12 against 1.84% on 31.03.11.
However NNPA stood at 2.15% as on June’11, 2.11% as on Sept’11 and 2.04% as
on Dec’11. Thus, after reaching 2.15% in Jun’11, it has now come down to
Book value of share (annualized) has reached Rs.94.72 on 31.3.12 from Rs.
on 31.03.11 registering YoY growth of 13.90%.
Earning per share (annualized) improved to Rs. 15.02 on 31.03.12. from
Rs. 14.29 on 31.3.11
registering YoY growth of 5.11%.
CAR of the bank was comfortable at 12.35 % under BASEL-II
(Tier-I Capital: 8.09%; Tier-II Capital: 4.26%).
Other income rose by 4.43 % to reach Rs. 966 crore for the FY’12
against Rs. 925 crore in FY’11. Profit on sale of investments during FY’12 at Rs.
196 crore improved by 115% over last year which was Rs. 91 crore.
Online payment of Custom Duty has been implemented for e-Banking
Facility of PPF deposits at any authorized branch anywhere in
All RRB Branches are on CBS platform and NEFT/RTGS enabled.
Central Electronic Registry of Securitisation Asset Reconstruction
and Security Interest (CERSAI) facility made available to branches.
1.20 lacs accounts opened through ICT based FI project &
45,000 Smart Cards issued so far to beneficiaries.
Opened 62 Ultra Small branches with CBS connectivity.
Business Development Initiatives
130 Branches opened in Q4FY’12 taking total branches opened in
FY’12 to 188.
Opened 13 new Retail Loan Hubs taking the total RLHs to 39.
Opened 4 new City Back Offices during FY 2011-12 taking total
CBOs to 76 that cover 867 branches of the Bank
Opened 12 SME Loan Hubs during FY 2011-12
2 new Circle Offices opened at Patna & Guwahati taking the
total to 10.
5 new Zonal Offices opened taking the total to 40.
Liability Products introduced:
UCO Vasantha Bonanza – Term Deposit for 100 days @ 9%
UCO Sowbhagya Scheme – A variable RD Scheme
UCO Suvidha Salary Account – Introduced at all Zones
- UCO Gold Loan
for financing Retail Asset Product under both Priority &
To boost Retail business, interest rates were reduced on UCO
Home and Car loans.
Acquired 5.47 lacs CASA Customers in Q4’12 taking the total
number of CASA customers acquired in FY’12 to 18.53 lacs.
114 ATMs installed in Q4 FY’12 taking the total for FY’12 to
VISA Debit Cards issued in Q4 FY’12 was 1.56 lacs and during the
whole FY’12 5.62 lacs.
Launched Personalized UCO Visa Debit Card – Gold, Platinum &
Permission to open ECCS Clearing Centre at Mecheda received from
E-payment of State Govt. taxes implemented for Maharashtra, UP
and West Bengal
Payment of Salary of WB. Govt. employees through ECS implemented
Registration for New Pension Scheme obtained from Pension Fund
Regulatory and Development Authority
2568 recovery camps organized in Q4FY12 taking total for the
year to 7117.
8 Agri Credit Camps organized in Q4FY12 taking total such camps
to 20 in the FY.
MOU signed with National Collateral Management Services Ltd. for
financing Farmers against their Storage Receipts
New Scheme for Financing Arthias introduced for increasing
lending under Indirect Finance to Agriculture.
the Financial year 755 officers comprising MBAs, IT officers and
probationary officers were recruited. 866 clerks were also recruited during
the financial year.
05 May 2012.
FINANCIAL RESULTS FOR THE QUARTER ENDED SEP. 30, 2011
NET PROFIT FOR Q2 FY12 IMPROVES 94.12 % TO Rs 231 CRORE
INTEREST INCOME AT Rs. 3528 CRORE UP BY 28.95 % IN Q2 FY12
YIELD ON ADVANCES IMPROVES TO 11.43 % IN Q2 FY12 (9.91 % in Q2
Deposits Rs. 131,312 crore as on Sep’11 ( 8.52 % Y-o-Y Growth)
Advances Rs. 97,278 crore as on Sep’11 (12.88 % Y-o-Y Growth)
Performance Highlights for the Quarter ended Sep 2011
• Net Profit of the Bank recorded a YoY growth of 94.12 % to reach
for the second quarter of 2011-12 aided by 25.83% rise in Total
18.09 % decline in provisioning during the quarter.
In view of the prevailing situation, the Bank has been
consolidation of business, customer acquisition and CASA growth
shedding bulk deposits. Besides, NPA management/ containment has
of the top priorities with special focus on recovery of dues.
- Total business as at the end of Sep’11 amounted to Rs. 228,590
compared to Rs. 207,178 crore in Sep’10, exhibiting a growth of
10.34 % on
- Global Deposits of the Bank at Rs. 131,312 crore at the end of
Sep’11 grew by
8.52 % (YoY) from Rs. 121,001 crore at the end of Sep’10
- CASA deposits stood at Rs.32,044 crore as on Sep’11 against
Rs.28,803 crore a year ago registering a Y-o-Y growth of 11.25 % aided by
19.16% rise in Current Deposits and 9.49 % rise in Saving Deposits
- Global Advances of the Bank at Rs. 97,278 crore at the end of
Sep’11 grew by 12.88 % (YoY) from Rs. 86,177 crore at the end of Sep’10
- Credit Deposit Ratio improved to 74.08 % as at Sep’11 from 71.22
In a rising interest rate scenario cost of deposits, Net interest
income & NIM were impacted adversely although Bank’s YoA improved.
• Total income during Q2 FY’12 rose by 25.83 % to Rs. 3731 crore
due to healthy growth of 28.95 % in Interest Income (YoY).
• Total expenditure during Q2 FY’12 rose by 33.63 % to Rs. 3020
crore mainly due to 45.13% rise in interest paid on deposits although
establishment expenses went down by 12.73%.
• EPS (not annualized) stood at 8.34 as at Sep’11 agisnt 6.91 a
• ROA rose from 0.36 to 0.60 (QoQ) and from 0.57 to 0.67 (HoH).
• Yield on Advances stood at 11.43% in Q2 FY’12 against 9.91% in
corresponding period last year registering 15.34 % Y-o-Y growth.
• CAR of the bank was comfortable at 13.55% under BASEL-II (Tier-I
Capital: 8.59%; Tier-II Capital: 4.96%).
Qtr-on-qtr Sequential Performance
• Total income (Rs.3731 crore) during the current Qtr. rose 1.49%
previous Jun’11-Qtr. Figure.
• Net Interest Margin (2.84%) recorded a 15.45% growth over
• YOA(11.43%) rose 5.15% on a Qtr-on-Qtr basis
• Cost to income ratio (41.42%) declined 4.93% on a Qtr-on-Qtr
• Bank’s branch network stands at 2231 domestic and 4 overseas
branches as on 30.09.11.
• 721 ATMs facilitating around 15.78 lacs ATM/VISA Debit card
• Bank has launched Interbank Mobile Payment Services (IMPS).
• 8.67 lac new CASA accounts opened in first 6 months of the
• 12 New Retail Loan Hubs added to existing 26 RLH.
• Bank has renewed MoU with National Small Industries Corpn. for
sponsoring loan proposals under MSE sector.
• Direct Tax payment through ATMs operationalised.
FINANCIAL RESULTS FOR
THE QUARTER ENDED JUNE 30, 2011
INTEREST INCOME AT
Rs.3401 CRORE UP BY 27.28% IN Q1 FY12
YIELD ON ADVANCES
IMPROVES TO 10.87% IN Q1 FY12 (9.85% in Q1 FY11)
NET PROFIT FOR Q1 FY12 IMPROVES 12.42% TO Rs 292 CRORE
Deposits Rs. 127,534 crore in Q1
FY11 (7.28% Y-o-Y Growth)
Advances Rs. 96,092 crore in Q1
FY11 (17.55% Y-o-Y Growth)
Performance Highlights for the
Quarter ended June 2011
• Net Profit of the Bank recorded
a YoY growth of 12.42% to reach Rs.292 crore
for the first quarter of 2011-12 aided by 17.14% decline in provisioning
during the quarter.
• Total business as at the end of
Jun’11 amounted to Rs.223,626 crore as compared to Rs.200,623 crore in Jun’10, exhibiting a growth of 11.47% on
• CASA deposits stood at Rs.30,841
crore as on Jun’11 against Rs.27,318 crore a
year ago registering a Y-o-Y growth of 12.90% aided by 30.48% rise in
Current Deposits and 9.14% rise in
• Advances of the Bank at Rs.
96,092 crore at the end of Jun’11 grew by 17.55% (YoY) from Rs. 81,747 crore at the end of Jun’10.
• Credit Deposit Ratio improved to
75.35% as at Jun’11 from 68.77 % in Jun’10.
• Total income during Q1 FY’12
rose by 28.44% to Rs. 3676 crore due to healthy growth of 27.26% in Interest
• Other Income in Q1 FY’12 at
Rs.275 crore registered 44.74% growth over
corresponding period last year on
the back of 142.86% rise in recovery from
off a/cs and 165.63% rise in Trading profit Y-o-Y.
• Gross NPA ratio stood at 3.50%
as at Jun’11 whereas Net NPA ratio is 2.15 %.
• Yield on Advances stood at
10.87% in Q1 FY’12 against 9.85% in the
corresponding period last year
registering 10.36% Y-o-Y growth.
• Cost of Deposit stood at 7.24%
for Q1 FY’12 as against 5.44% for Q1 FY’11.
• CAR of the bank was comfortable
at 13.51% under BASEL-II (Tier-I Capital: 8.52 %; Tier-II Capital: 4.99%).
Qtr-on-qtr Sequential Performance
• Total income during the current
Qtr. rose 9.34% over the previous Mar’11-Qtr. Figure (Rs.3362 crore).
• Net Profit(Rs.292 cr.) recorded
a 28.63% growth over previous qtr.(Rs.227 cr.)
aided by 15.08% decline in operating expenses and 9.89% fall in
• YOA, ROA & NIM recorded
10.24%, 20.97% and 6.03% growth respectively on a Qtr-on-Qtr basis.
• Bank’s branch network stands at
2209 domestic and 4 overseas branches as
• 677 ATMs facilitating around
14.41 lacs ATM/VISA Debit card holders.
• Bank has launched Biometric ATMs
for the benefit of Biometric Card Holders.
• Verified by VISA (VbV) facility
has been incorporated with VISA Debit Card
from 1st Apr’2011enabling online payments through Bank’s Debit cards
where VbV is acceptable.
• UCO e-Trade (online share
trading) has been launched in Apr’2011.
• Bank has entered into
distribution agreements with two leading Mutual Fund companies namely Baroda Pioneer Asset Management Company and SBI
Funds Management Comapny for selling
their MF products through our branches.
New Initiatives in the pipeline
• Interbank Mobile
Payment Services (IMPS)
• UCO Prepaid Cards
• Introduction of UCO POS
• Self-service banking lobby
• Online booking of Railway
Highlights for the FY'11 ended March 2011
- Operating Profit for the FY11 at 2695 crore
(Rs. 1706 crore) registers 58 % growth
- Net Profit of the Bank at Rs. 907 crore
recorded a decline of 10% YoY with the Provision Coverage Ratio as on
Mar’11 going up to 51.60% from 50% as on Mar’10
- Deposits at the end of Mar’11 amounted to
Rs.145278 crore as compared to Rs.122416 crore in Mar’10, exhibiting a
growth of 18.68 % on YoY basis.
- CASA deposits increased to Rs.31668 crore in
Mar’11 from Rs.27322 crore in Mar’10, recording a growth of 16 %. Current
Deposit increased by20% to 7360 cr & Savings by 15% to Rs.24308
- Advances of the Bank at Rs. 100561 crore at
the end of Mar’11 grew by robust 21% % (YoY) from Rs.83371 crore at the end
- Credit Deposit Ratio improved to 69.22% as at
Mar’11 from 68.10 % in Mar’10.
- Total income during FY’11 increased to
Rs.12297 crore, recording a growth of 17 % on the back of 19% rise in
Interest Income to Rs.11372 crore.
- Net interest income in FY’11 at Rs.3845 crore
showed YoY growth of 65%.
- Non-Interest Income at Rs.833 crore for FY’11
(Rs.723 crore) showed a 15.21 % Y-o-Y growth).
- Gross NPA ratio stood at 3.13% as at
Mar’11whereas Net NPA ratio was 1.84 %.
- Provision Coverage Ratio as on Mar’11 stood at
51.60 % as against 50.0 % on 31.3.2010.
- Net Interest Margin (NIM) improved to 3.07%
for the FY ended Mar’11 (as against 2.19% for FY ended Mar’10).
- Cost of Deposit stood at 5.74 % for FY’11 as
against 6.44% for FY’10.
- CAR of the bank was comfortable at 13.80%
under BASEL-II (Tier-I Capital: 8.61%; Tier-II Capital:5.19%).
- Bank’s branch network stands
at 2202 domestic and 4 overseas branches as on 31.03.11.
- 608 ATMs facilitating around
13.32 lakh card holders( from 12.10 lacs as on Dec’10).
- Transaction based mobile
phone banking launched on Bank’s foundation day on 6th. Jan’11.
- More than 59 thousand retail
customers and around 17 thousand corporate customers registered under
- Launched "UCO
for raising standard of living of BPL families in select villages. Pokatunga
Village in Angul District of
Orissa was identified and the Bank adopted all the 319 BPL families for
upgradation over a period of 3 years under the Scheme.
- "UCO Bank on Wheels" has been a very
successful endeavour towards Financial Inclusion. Presently, the Bank is
having 24 such Mobile Vans taking banking at the door steps of the
Initiatives in the pipeline
- Online booking of railway
- Self service customer lobby
with pass book printer, transaction kiosk & bulk cash depositor
UCO BANK ANNOUNCES Q2 FY2010-11 RESULTS.
POSTS IMPRESSIVE PERFORMANCE IN THE FIRST
HY’ FY 2010-11
OPERATING PROFIT OF Rs.1350 CRORE, UP BY 99.12% YOY,
INTEREST INCOME OF Rs.1939 CRORE UP BY 103.46 % YOY,.
NIM UP FROM 1.88% (Sept’09) to 3.36% (Sept’10).
Results at a Glance for the
half -year ended September 2010
OPERATING PROFIT REGISTERS Y-O-Y GROWTH OF 99.12%, STOOD AT RS. 1350 CRORE.
Q2 OPERATING PROFIT ON YOY, GREW AT 91.58%,
STOOD AT RS.705 CRORE.
NET INTEREST MARGIN UP BY 1.48 PERCENTAGE
POINTS TO 3.36%. Q2 NIM INCREASESBY 1.52 PERCENTAGE POINTS TO 3.51%.
NET INTEREST INCOME UP BY 103.46% TO
RS.1939 CRORE. Q2 NII YOY GROWTH AT91.05%, STOOD AT RS.1003 CRORE.
GLOBAL BUSINESS RECORDS YOY GROWTH OF
20.62% AT RS, 2,07,178 CRORE.
GLOBAL DEPOSITS & ADVANCES GREW ON YOY
AT 19.77% & 21.84%, STOOD AT RS.1,21,001 CRORE & RS. 86,177 CRORE.
DOMESTIC BUSINESS YOY GROWTH AT 20.16%, AND
PLACED AT RS. 194431 CRORE.
DOMESTIC DEPOSITS & ADVANCES GREW
AT 19.09% & 21.70% ON YOY BASIS, STOOD AT RS. 1,13,986 CRORE & RS.80,445 CRORE.
CASA GROWTH AT 25.67% WITH SAVINGS DEPOSIT
GROWTH AT 27.23%.
NPA PROVISION COVERAGE RATIO AT 62%.
COST INCOME RATIO IMPROVES TO 42.75% FROM
52.61% AS OF SEPT.’09.
CAPITAL ADEQUACY RATIO AT 13.60% FROM
11.75% AS OF SEPT.’09.
Performance - Q1 2010-2011
- NET PROFIT REGISTERS A GROWTH OF 45.49% AT RS.
260 CRORE FROM RS. 179 CRORE DURING FY 2009- 10.
- OPERATING PROFIT REGISTERS A GROWTH 108.39% AT
Rs 646 CRORE FROM Rs 310 CRORE DURING FY 2009-10
- GLOBAL BUSINESS RECORDS A GROWTH OF 18.85%
Y-O-Y AT RS. 2,00,623 CRORE.
- GLOBAL DEPOSITS & ADVANCES GREW AT 18.37%
& 19.55% Y-O-Y STOOD AT RS. 1,18,876 CRORE AND RS 81,746 CRORE
- DOMESTIC BUSINESS GROWTH AT 18.23% Y-O-Y &
PLACED AT RS. 1,87,604 CRORE.
- DOMESTIC DEPOSITS & ADVANCES GREW AT 18.20%
& 18.28%, Y-O-Y STOOD AT RS. 1,12,046 CRORE & RS. 75,558 CRORE
- SAVINGS DEPOSIT GROWTH AT 30.92 % y-o-y.
- CRAR AT 13.61% WITH T1 AT 7.55% IS VERY HEALTHY
- NET NPA RATIO BROUGHT DOWN TO 1.14%.
- COVERAGE RATIO STEPPED UP FROM 50.10% TO
- IMPROVEMENT EFFECTED IN KEY FINANCIAL RATIOS
SUCH AS RETURN ON ASSETS (ROA), COST TO INCOME RATIO, NET INTEREST
MARGIN (NIM) DURING Q1 2010-11
- NIM IS 3.07% VIS-Ŕ-VIS 1.74%
- 100% CBS COVERAGE OF ALL 2152 BRANCHES AND 7
- 500 ATMS OPERATIONAL AS OF 30TH
JUNE 2010, OF WHICH 340 ON-SITE & 160 OFF-SITE.
- 9.66 LACS VISA DEBIT CARDS ACTIVATED (0.40 LACS
ADDED DURING THIS QUARTER)
- ALL 2152 BRANCHES ARE RTGS/NEFT LIVE
- RTGS/NEFT IMPLEMENTED THROUGH E-BANKING.
- ADOPTED KAJIYANA AND KHALISPUR
VILLAGES IN RAI BARELI
DISTRICT. THE VILLAGE ADOPTION WAS INAUGRATED BY SMT. SONIA GANDHI, UPA
- THE BANK HAS ADOPTED 10 VILLAGES SO FAR UNDER
UCO SAMAGRA GRAMIN VIKAS YOJNA.
- BANK HAS DECIDED TO DEVELOP ROAD FROM
RAGHUNATHGANJ TO BAGHA VILLAGE
WHICH WAS ADOPTED BY UCOBANK ON 2.1.2010.
- UCO BANK’S MOVE TOWARDS FINANCIAL INCLUSION BY
LAUNCHING “UCO-MOBILE BANK” – THE CBS ENABLED BRANCH-ON-WHEELS. IN ALL 4
UCO MOBILE BANKS LAUNCHED.
- 45 BRANCHES DESIGNATED FOR SENIOR CITIZENS
ACROSS THE COUNTRY.
Performance Of UCO Bank in FY
- NET PROFIT REGISTERS A GROWTH OF 81.36% AT RS.
1012 CRORE DURING THE FY 2009-10 FROM RS. 558 CRORE DURING FY 2008-09.
- GLOBAL BUSINESS RECORDS A GROWTH OF 21.13% AT
RS 205787 CRORE.
- GLOBAL DEPOSITS & ADVANCES GREW AT 22.15%
& 19.67 %, STOOD AT RS. 122416 CRORE AND RS 83371 CRORE
- DOMESTIC BUSINESS GROWTH AT 23.08% & PLACED
AT RS. 193524 CRORE.
- DOMESTIC DEPOSITS & ADVANCES GREW AT 24.40
& 21.16 %, STOOD AT RS. 115956 CRORE & RS 77568 CRORE
- CASA GROWTH AT 24.88% WITH SAVINGS DEPOSIT
GROWTH AT 26.09 %.
GROSS AND net npa
- GROSS & NET NPA RATIOS BROUGHT DOWN TO
1.99..% & 1.17% DURING FY 2009-10.
- IMPROVEMENT EFFECTED IN KEY FINANCIAL
RATIOS SUCH AS RETURN ON ASSETS (ROA), COST TO INCOME RATIO, NET
INTEREST MARGIN (NIM) DURING 2009-10.
- 100% CBS COVERAGE OF ALL 2148
BRANCHES AND 7 EXTENSION COUNTERS.
- 478 ATMS OPERATIONAL AS OF 31ST
MARCH 2010, OF WHICH 330 ON-SITE & 148 OFF-SITE.
- INCREASING NUMBER OF CUSTOMERS PROVIDED VISA
DEBIT CARD, E-BANKING AND MOBILE
- UCO BANK’S MOVE TOWARDS FINANCIAL INCLUSION BY LAUNCHING
“UCO-MOBILE BANK” – THE CBS ENABLED BRANCH-ON-WHEELS BY SHRI PRANAB
MUKHERJEE, HON’BLE FINANCE MINISTER ON 17.04.2010 AT DEULI VILLAGE
(RAGHUNATHGANJ) IN DISTT. MURSHIDABAD.
- SEVA UTSAV CONFERRED “SEVA RATNA AWARD 2009” ON
CHAIRMAN & MANAGING DIRECTOR FOR SERVICES RENDERED TO THE PEOPLE OF
- TAILOR-MADE RETAIL SCHEMES LAUNCHED BY THE BANK
NAMELY: UCO DOCTOR, UCO TWO-WHEELER, UCO SHELTER (FURNISHING), UCO
SHELTER (COMFORT) CATERING TO IDENTIFIED SEGMENTS OF THE MARKET.
- ADOPTED JALANGA
VILLAGE IN BHADRAK DISTRICT,
ORISSA LAUNCHED BY DR.D.SUBBARAO, GOVERNOR RBI.
- 45 BRANCHES DESIGNATED FOR SENIOR CITIZENS
ACROSS THE COUNTRY.
- 231 BRANCHES IDENTIFIED AS PERSONALIZED
BRANCHES FOR SERVING CUSTOMERS IN RETAIL BUSINESS AND CASA MOBILISATION
- OPENED 67 BRANCHES TO CELEBRATE 67TH FOUNDATION
DAY ON 6TH JANUARY, 2010.
- FOUNDATION DAY OF THE BANK WAS CELEBRATED ON 6TH
JAN, 2010 ACROSS THE COUNTRY BY INVITING ALL IMPORTANT
Uco Bank registers big jump in Q3 on Y-O-Y
basis in Global Net Profit at 43.22%
NET PROFIT REGISTERS A
GROWTH OF 43.22% IN Q3 AT RS. 245.82 CRORE. NET PROFIT FOR THE 9 MONTH PERIOD
STOOD AT RS.632.38 CRORE.
RECORDS A GROWTH OF 20.71% AND PLACED AT RS. 178365 CRORE.
GLOBAL DEPOSITS AND
ADVANCES GREW AT 19.78% & 22.03 % AND STOOD AT RS. 104059 CRORE AND RS
74306 CRORE RESPECTIVELY.
DOMESTIC CASA GROWTH
AT 23.93% WITH SAVINGS DEPOSIT GROWTH AT 26.39%. UCO BANK AMONG THE 3
NATIONALISED BANKS TO REGISTER AN INCREASE IN MARKET SHARE OF CASA.
NET NPA RATIO BROUGHT
DOWN FROM 1.28% AS OF DECEMBER 2008 TO 0.89% AS OF DECEMBER 2009.
GROSS NPA RATIO STOOD
AT 2.01% AS OF DECEMBER, 2009 VIS-Ŕ-VIS 2.42% AS OF DECEMBER, 2008.
NPA PROVISION COVERAGE RATIO
- IMPROVEMENT EFFECTED IN NPA PROVISION COVERAGE
RATIO FROM 50.10% AS OF JUNE 2009 TO 55.98 % AS OF DECEMBER, 2009
ALL METRO ZONES 100%
CBS COMPLIANT. 1602 CBS BRANCHES WITH BUSINESS COVERAGE OF MORE THAN 90% .
433 ATMS INSTALLED.
INCREASING NUMBER OF
CUSTOMERS PROVIDED VISA DEBIT CARD, E-BANKING AND MOBILE
SEVA UTSAV CONFERRED
“SEVA RATNA AWARD 2009” ON CHAIRMAN & MANAGING DIRECTOR FOR SERVICES
RENDERED TO THE PEOPLE OF WEST BENGAL.
VILLAGE NEAR RAGHUNATHGANJ IN
MURSHIDABAD DISTRICT WEST BENGAL LAUNCHED BY HON’BLE
FINANCE MINISTER, SRI PRANAB MUKHERJEE
VILLAGE IN BHADRAK DISTRICT,
ORISSA LAUNCHED BY DR.D.SUBBARAO, GOVERNOR RBI.
- 45 BRANCHES DESIGNATED FOR SENIOR CITIZENS
ACROSS THE COUNTRY.
IDENTIFIED AS PERSONALIZED BRANCHES FOR SERVING CUSTOMERS IN RETAIL BUSINESS
AND CASA MOBILISATION EXCLUSIVELY.
OPENED 67 BRANCHES TO
CELEBRATE 67TH FOUNDATION DAY ON 6TH
FOUNDATION DAY OF THE
BANK WAS CELEBRATED ON 6TH JAN, 2010
ACROSS THE COUNTRY BY INVITING ALL IMPORTANT CUSTOMERS.
UCO Bank’s Net Profit jumps by 34% and
Operating Profit by 36% in the first quarter of the financial year 2009-10.
Performance for the quarter ended June, 2009 on y-o-y basis
Profit and Net Profit up by 36.10% and 34.03% at Rs.310.27 cr and Rs.178.85 cr.
Business records a growth of 26.01% to reach Rs.168808 cr.
Deposits and Advances increase by 28.37% and 22.71% reaching Rs.100428cr. and Rs.68380
up by 37.44% at Rs.32688 cr.
Sector advances and Total Agricultural Credit increase by 24.26% and 48.46%.
Ratio down from 2.82% (June,08) to 2.27% (June, 09) and NNPA Ratio down from
1.91% (June, 08) to 1.15% (June, 09).
coverage to 1111 branches and 7 extension counters: 89% of the Bank's business
through CBS branches.
of alternate delivery channels with total number of ATMs at 425.
popularization of Bank's Mobile Banking and e-banking facilities.
a new Scheme for women titled, "Trade Related Entrepreneurship Assistance
and Development" (TREAD) for
Empowerment of women.
initiatives undertaken in Corporate Communications area to improve brand image
of the Bank.
Social Responsibility by partnering with the Kolkata Police by sponsoring an
Awareness Event aimed at controlling use of drugs with the slogan, "Say No
to Drugs" on World Narcotics Day on 26th
Performance by UCO BANK in the First Quarter : 08-09
In the Board Meeting held
on 26th July, 2008 at
Kolkata, the Balance Sheet and the Profit & Loss of the Bank for the
quarter ended June, 2008 was considered and approved.
results of the Bank for the first quarter of the current fiscal 2008-09 has
been quite promising. The Total Business of the Bank grew by 26.18% on y-o-y
deposits of the Bank increased by 24.07% and advances by 29.26%. The
total business of the Bank stood at Rs.1,33,960 crore with deposits at
Rs.78,235 crore and advances at Rs.55,725 crore. as at the end of June,
The Net Profit of
the Bank in the first quarter was Rs.133.44 crore which is higher than
corresponding quarter of previous year. The Net Profit without MAT Credit
increased by Rs.43 crore, or a growth of 55% during the same period.
The total Priority Sector
Advances of the Bank increased by 19.50% on y-o-y basis and
stood at Rs.19,997 crore. The Agricultural Credit increased by
39.50% and stood at Rs.7,579 crore. The Bank has successfully implemented the
agricultural Debt Waiver and Debt Relief Scheme – 2008.
In the area of
recovery, the Bank has done commendable work. It has brought down its Gross NPA
Ratio from 3.88% as of June, 2007 to 2.82% as of June, 2008. The
Net NPA of the Bank has also come down from 2.54% to 1.91%.
During the first quarter the Bank has recovered to the tune of Rs.213
crore as against Rs.97 crore in the first quarter of previous year.
During the first quarter
of the Current fiscal 08-09, there have been several developments which have
helped the Bank to improve its performance.
904 branches brought
under CBS covering 84% of the business which include 173 new branches added
during the quarter.
335 ATMs installed with
26 ATMs added during the quarter.
E payment of Direct Taxes
Processing Centre for Retail Loans christened as “Retail Loan Shoppe” equipped
with Lending Automation & Processing System (LAPS) software and Rules based
Approval System of Lending frame-work for Retail Loans (RBI) launched on pilot
basis at Kolkata Zonal Office.
Online Request System
facility for UCO Education Loan has been made available in Bank’s website.
Launched revised UCO
PERSONAL CARE BIMA policy for all the customers to cover accidental death @
Rs.3 per lac of sum assured (maximum 5 lacs) as a value added service
THRUST AREAS FOR
FY 2008-09 :
The Bank has
targeted a total business of Rs.1,65,000 crore with a Net Profit of Rs.750
crore during the current fiscal 2008-09. The thrust areas include :
Focus on CASA growth to
constitute 35% of Total Deposits.
Business growth to ensure
1% increase in Yield on Advances and 1% reduction in Cost of Deposits.
Increase of non interest
income through aggressive marketing of third party and technology-based
Arresting slippage of
fresh NPA and maximizing efforts at recovery through SARFAESI Action/Compromise/Lok
Concerted efforts at
Retail Asset growth.
Leveraging the presence
of MFIs/SHGs for increased lending under Direct Agriculture.
Continuous drive for
Recovery in Written Off Accounts.
UCO Bank’s Q4
net zooms by 177%
UCO Bank recorded a Net
Profit of Rs.86 Crore during the 4th Quarter of the FY 2007-08, which is higher
by 177.42% than what it made during the corresponding Quarter of the previous
year. The Bank’s Q4 Net Profit last year stood at Rs.31 Crore. During the full
year 2007-08, Operating Profit of the Bank stood at Rs.954 Crore (Rs.945 Crore
in FY 2006-07), and Net Profit at Rs.412 Crore, 30.38% higher than Rs.316
Crore made during the previous year.
The Bank achieved a Total
Business of Rs.1,35,536 Crore, which is higher by 20.66% compared to the
previous year. During the beginning of the year, the Bank had committed to the
Ministry of Finance a business level of Rs.1,34,765 Crore, which it has
comfortably surpassed. Total Deposit of the Bank increased by 23.20% to
Rs.79,909 Crore, whereas its Advances grew by 17.18% to Rs.55,627 Crore as on 31st
March, 2008. Overseas Operations of the Bank were also
impressive, where the Deposits grew by 18.14% and Advances by 8.83%. The Bank
has also fully complied with the newly introduced minimum Asset Maintenance
Requirement (AMR) at its Singapore
The Bank also for the
first time brought down its Net NPA to less than 2% level. As on 31st
March, 2008, Bank’s Gross NPA and Net NPA stood at 2.97% and 1.98%
The Bank has made itself
Basel-II compliant during the year. As per Basel-II, the CRAR was 11.02%, and
as per Basel-I, it was 10.09%. The
Bank had to add approximately Rs.3300 Crore to its Risk Weighted Assets to take
care of Operational Risk as per requirements under Basel-II.
Priority Sector Advances
of the Bank on 31st March, 2008
stood over 47% of its advances, against the minimum stipulation of 40%. The
Bank now plans to allocate 3% of its credit for the farmers to enable them to
liquidate their debts owed to money lenders, for which it is soon going to
introduce a scheme called “UCO Kishan Wrin Mukti Yojna”. Earlier, the Bank had
introduced a scheme named “UCO Samagra Kishan Samridhi Yojna” to
comprehensively take care of farmers’ needs. The Bank is also planning to enter
into a strategic alliance in order to open a new outlet in Dubai
to expand its operations in the Middle East Region.