UCO Bank announces Financial Results for the Quarter Ended 30th September 2022

Financial Performance:

v  Bank has made Net Profit of 504.52 Crore during the quarter ended September 2022 as against Net Profit of 205.39 Crore in the quarter ended September 2021 registering a growth of 145.64%.

 

v  Operating Profit of the Bank for the quarter September 2022  stood at 1189.78 Crore as against 1334.15 Crore for the quarter ended September 2021.

 

v  Net Interest Income of the Bank for the quarter ended September 2022 has increased to 1769.60 Crore from 1597.72 Crore for the quarter ended September 2021 registering a growth of 10.76%.

 

v  Other Income of the Bank for the quarter ended September 2022 stood at 779.94 Crore as against 936.07 Crore for the quarter ended September 2021.

 

v  Total Business of the Bank has increased to 377304.92 Crore as on 30.09.2022 from 335237.94 Crore as on 30.09.2021 registering a growth of 12.55%.

 

v  Total Deposits of the Bank has increased to 235148.63 Crore as on 30.09.2022 from 213685.92 Crore as on 30.09.2021 registering a growth of 10.04%.

 

v  CASA  of the Bank  (Domestic) stood at 39.57% as on 30.09.2022.

 

v  Savings Deposits of the Bank has increased to 79027.12 Crore as on 30.09.2022 from 72892.09 Crore as on 30.09.2021 registering a growth of 8.42%.

 

v  Total Advances of the Bank stands at 142156.28 Crore as on 30.09.2022 as against 121552.03 Crore as on 30.09.2021 registering a growth of 16.95%.

 

v  Gross NPA of the Bank  has reduced to 9358.92 Crore (6.58%) as on 30.09.2022 from  10909.79 Crore (8.98%) as on 30.09.2021 and from 9739.65 Crore (7.42%) as on 30.06.2022.

 

v  Net NPA of the Bank has reduced to 2700.29 Crore (1.99%) as on 30.09.2022 from 3854.33 Crore (3.37%) as on 30.09.2021 and from 3103.82 Crore (2.49%) as on 30.06.2022.

 

v  Provision Coverage Ratio of the Bank has increased to 92.90% as on 30.09.2022 from 90.02% as on 30.09.2021 and from 91.96% as on 30.06.2022.

 

v  Capital Adequacy Ratio of the Bank stood at 14.02% and CET-I Ratio at 11.25% as on 30.09.2022.

 

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Author: Wendy Taylor