UCO BANK -
KOLKATA
07.11.2015
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Total business as on 301
Q 6i) UCO BANK
Sep'2015 stood at Rs. 3,60,062 er. as compared
to Rs. 3,46, 716 er. a year ago, exhibiting a growth of 3.8 % Y-o-Y.
Advances
Bank's Advances at Rs. 1,43,598 er. as at the end of Sep'l 5 grew by 0.3 % YoY.
Retail Business shows a growth of 12.37 % in retail loans y-o-y basis as of Sep 30, 2015. The growth in retail portfolio was on the back of 2 7.30 % growth in Home Loan. Agriculture business also grew by 8 %, while the SME portf olio increased by 14.19 %.
Meanwhile, Bank's Deposits of Rs. 2,14,464 er. as at the end of Sep'l 5 grew by 6.34 % from a year-ago figure of Rs. 2,03,554 er.
CASA deposits as on Sep'l 5 stood at Rs. 60,667 er. which was 30.87 % of domestic deposit. Core deposits grew by 10.31 % YoY to reach a figure of Rs. l,S0,699 Cr.
During the 2nd quarter of FYI 5-16 treasury recorded profit of Rs. 273 Cr. from sale of investment and exchange transactions, whicn was 133% more compared to Rs. 117 Cr.- in the corresponding quarter-last year. In the half -year ending Sep'l 5, profit from sale of investment and exchange
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transactions stood at Rs. 503 Cr., as against Rs. 249 Cr. in the corresponding half year of last fiscal.
Other income was Rs. 411 Cr. in Q2 of FY15-16 compared to Rs. 359 Cr. in Q2 of FY14-15, while for the half-year of FY15-16 it was Rs. 851 Cr., against Rs. 681 Cr. in the corresponding half year of 2014-15 registering a growth of 24.96%.
Income an Profits
For Q2FY15-16, Bank's Operating Profit and Net Profit stood at Rs. 1,129 Cr. and Rs. 156 Cr. respectively compared to Rs. 1056 Cr. and Rs. 105 Cr. respectively in the corresponding period of last FY registering growths of 6.91% in Operating Profit and 50% in Net Profit.
For the half year of 2015-16, Operating profit was Rs. 2,290 er. as against Rs. 2,2 58 er. in the corresponding period of previous year, while the Net profit was Rs. 413 Cr. against Rs. 625 Cr. in the previous fiscal. This is largely due to higher provisions.
Total income in Q2FY15-16 stood at Rs. 5,308 Cr. as against Rs. 5,257 Cr. in Q2FY14-15 .
Net Interest Income in Q2FY15-16 was at Rs. 1,416 Cr. as against Rs. 1,383 Cr. in the corresponding quarter of last FY. It was Rs. 1,371 er. in Jun'2015 quarter.
For HlFY15-16, Total income and Net Interest Income were Rs. 10,477 Cr. and Rs. 2,787 Cr. respectively as against Rs. 10,652 Cr. and Rs. 2,866 Cr. respectively in the corresponding period of FY14-l 5.
Asset Health
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As on 301
Sep'l 5 GNPA ratio stood at 8.51% with Gross NPAs at Rs.
12,227 Cr. while NNPA ratio stood at 5.15 % with Net NPAs at Rs. 7,123
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Cr. NPA Provision coverage ratio was 53.90% as on 301
Sep 2015.
The NPA qdditions in the quarter under review at Rs. 1,876 Cr. was 9.50% less compared to the preceding quarter. Some large borrowal accounts facing difficulties contributed to the fresh slippages, 24.30% of which were from restructured category. The maximum slippages were in
Infrastructure, Real Estate, Pharmaceutical and Engineering industries.
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There was Rs. 544 Cr. reduction in NPAs during the quarter. During Apr Sep 2015, Bank sold assets worth Rs.115.56 er. to ARCs.
Year-on-year provisions were higher in this quarter due to much higher provisioning for NPAs at Rs. 863 Cr. against Rs. 398 Cr. in Q2FY14-15.
Other Ratios/Parameters
The bank's capital adequacy ratio as per RBI's guidelines on Basel III norms, continues to remain strong. The bank's capital adequacy ratio as of Sep 30, 2015, was 11.59%.
The Net Interest Margin in Sep'15 quarter was 2 .45.
Cost of deposit at 6.17% for Q2FY15-16 was 31 basis points less than that during corresponding quarter last FY.
Cost to income ratio in Q2FY16 was 38.22 although for the znd quarter, operating expenses increased by 1.75% on a y-o-y basis to Rs. 698 Cr. (Rs. 686 Cr) partly because of payment of arrear salary.
Touch Points
As of Sep 30, 2015, the bank had a branch network of 3ches and 2,2 50 ATMs.
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