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UCO Bank.

BSE: 532505 Sector: Financials
NSE: UCOBANK ISIN Code: INE691A01018
BSE 00:00 | 17 Aug 11.69 0.06
(0.52%)
OPEN

11.10

HIGH

11.80

LOW

11.10

NSE 00:00 | 17 Aug 11.75 0.15
(1.29%)
OPEN

11.65

HIGH

11.80

LOW

11.55

OPEN 11.10
PREVIOUS CLOSE 11.63
VOLUME 473947
52-Week high 15.30
52-Week low 10.52
P/E 14.61
Mkt Cap.(Rs cr) 13,977
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 11.10
CLOSE 11.63
VOLUME 473947
52-Week high 15.30
52-Week low 10.52
P/E 14.61
Mkt Cap.(Rs cr) 13,977
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

UCO Bank. (UCOBANK) - Director Report

Company director report

The Board of Directors have pleasure in presenting the DirectorsReport-2021-22 together with the Balance Sheet as on 31st March 2022 and Profit &Loss Account for the financial year ended 31st March 2022.

FINANCIAL PERFORMANCE

Your Bank has shown excellent performance during the year. Bank hasmade net profit of Rs.929.76 crore during the year ended 31.03.2022 as against Net Profitof Rs.167.03 crore for the year ended 31.03.2021 registering growth of 456.63%. OperatingProfit for the year ended 31.03.2022 has increased to Rs. 4797 Crore from Rs. 4149 Croreregistering a growth of 15.63%%. Bank has transferred Rs. 232.44 crore 25% of currentyear profit to statutory reserve fund in compliance with Banking Regulation Act 1949.

Gross NPA has reduced to Rs. 10237.43 Crore (7.89 %) as on 31.03.2022from Rs. 11351.97crore (9.59%) as on 31.03.2021. Total income stood at Rs. 18082.15Crore for the year ended 31.03.2022 registered a growth of 1.19% over the previous yearended 31.03.2021. Provision Coverage Ratio of the Bank has increased to 91.44 % as on31.03.2022 from 88.40 % as on 31.03.2021.

Following are the highlights of financial performance indicators as on31.03.2022.

(Amount in Rs. Crore)
Particulars Year ended 31.3.2021 Year ended 31.3.2022
vrt/ Deposits 205919.39 224072.90
International Deposits 4391.39 6353.21
Domestic Deposits 201528.00 217719.69
Of which - Current Account Deposits 9208.56 10624.33
Savings Bank Deposits 70713.06 77036.91
CASA Deposits (Domestic) 79921.63 87661.24
Domestic CASA to Domestic Deposits(%) 39.66 40.26
Advances 118404.81 129777.34
Of which - Domestic Advances 106920.19 115598.38
International Advances 11484.62 14178.96
Net Interest Income (NII) 5480 6473
Other Income 3424 3101
Of which - Trading gains 2008 875
Other Income 8904 9574
Operating Profit 4149 4797
Provisions other than tax 4224.55 3047.07
Provision for NPAs and Bad debts written off 2759.80 3800.06
Profit before Tax (-)75.48 1750.37
Provision for Tax (-)242.52 820.60
Net Profit 167.03 929.76
Key Performance Indicators FY 2021 FY 2022
Cost of Funds 4.35% 3.78%
Yield on advances 7.01% 7.03%
Net Interest Margin 2.58% 2.87%
Cost-Income Ratio 55.13 49.89
Capital Adequacy Ratio (CAR)
Particulars As on 31.03.2021 As on 31.03.2022
Capital Adequacy Ratio-
Basel III 13.74 13.74
CET-I 11.14 10.97
Tier I 11.14 10.97
Tier II 2.60 2.77

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