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UCO Bank announces Financial Results for the Quarter Ended 30th June 2022 HIGHLIGHTS OF PERFORMANCE

UCO Bank announces Financial Results for the Quarter Ended 30th June 2022  HIGHLIGHTS OF PERFORMANCE

Financial Performance:

 

 Bank has made Net Profit of ₹ 123.61 Crore during the quarter ended June 2022 as against Net Profit of ₹ 101.81 Crore in the quarter ended June 2021 registering a growth of 21.41%.

Operating Profit of the Bank for the quarter June 2022  stood at ₹ 439.94 Crore (Operating profit excluding MTM loss ₹ 1093.43 Crore) as against ₹ 1173.41 Crore (Operating profit excluding MTM loss ₹ 1286.29 Crore) for the quarter ended June 2021.

Net Interest Income of the Bank for the quarter ended June 2022 has increased to ₹ 1649.54 Crore from ₹ 1460.24 Crore for the quarter ended June 2021 registering a growth of 12.96%.

Other Income of the Bank for the quarter ended June 2022 stood at ₹ -54.47 Crore (Other Income excluding MTM loss ₹ 599.02 Crore) as against ₹ 856.64 Crore (Other Income excluding MTM loss ₹ 969.52 Crore) for the quarter ended June 2021..

Total Business of the Bank has increased to ₹ 356677.47 Crore as on 30.06.2022 from ₹ 332946.17 Crore as on 30.06.2021 registering a growth of 7.13%.

Total Deposits of the Bank has increased to ₹ 225327.74 Crore as on 30.06.2022 from ₹ 212096.82 Crore as on 30.06.2021 registering a growth of 6.24%.

CASA  of the Bank  (Domestic) stood at 39.25% as on 30.06.2022.

Savings Deposits of the Bank has increased to ₹ 77498.06 Crore as on 30.06.2022 from ₹ 71377.97 Crore as on 30.06.2021 registering a growth of 8.57%.

Total Advances of the Bank stands at ₹ 131349.73 Crore as on 30.06.2022 as against ₹ 120849.35 Crore as on 30.06.2021 registering a growth of 8.69%.

 

v  Gross NPA of the Bank  has reduced to ₹ 9739.65 Crore (7.42%) as on 30.06.2022 from  ₹ 11321.76 Crore (9.37%) as on 30.06.2021 and from ₹ 10237.43 Crore (7.89%) as on 31.03.2022.

 

v  Net NPA of the Bank has reduced to ₹ 3103.82 Crore (2.49%) as on 30.06.2022 from ₹ 4387.25 Crore (3.85%) as on 30.06.2021 and from ₹ 3315.78 Crore (2.70%) as on 31.03.2022.

 

v  Provision Coverage Ratio of the Bank has increased to 91.96% as on 30.06.2022 from 88.53% as on 30.06.2021 and from 91.44% as on 31.03.2022.

 

v  Capital Adequacy Ratio of the Bank stood at 14.13% and CET-I Ratio at 11.29% as on 30.06.2022.

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