UCO Bank announces Financial Results for the Quarter Year Ended 31st March 2022
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HIGHLIGHTS OF PERFORMANCE
Kolkata, 13 May 2022: UCO Bank announces Financial Results for the Quarter/ Year Ended 31st March 2022
HIGHLIGHTS OF PERFORMANCE
Financial Performance:
v Bank has
made Net Profit of ? 312.18 Crore during the quarter ended March
2022 as against Net Profit of ? 80.02 Crore in the quarter ended March 2021
registering a growth of 290.11%.
v Bank has
made Net Profit of ? 929.76 Crore during the year ended March 2022
as against Net Profit of ? 167.03 Crore in the quarter ended March 2021
registering a growth of 456.63%.
v Operating
Profit of the Bank for the year ended March 2022 has increased to ? 4797.43
Crore as against ? 4149.07 Crore for the year ended March 2021 registering a growth of
15.63%.
v Net
Interest Income of the Bank for the quarter ended March 2022 has
increased to ? 1652.38 Crore from ? 1412.61 Crore for the quarter ended
March 2021 registering a growth of 16.97%.
v Net
Interest Income of the Bank for the year ended March 2022 has increased to ? 6472.95
Crore from ? 5479.70 Crore for the year ended March 2021 registering a
growth of 18.13%. This is highest Net Interest Income earned by the Bank.
v Other
Income of the Bank for the quarter ended March 2022 has stood at ? 588.95
Crore as against ? 719.15 Crore for the quarter ended December 2021.
v Other
Income of the Bank for the year ended March 2022 has stood at ? 3100.81
Crore as against ? 3424.18 Crore for the year ended March 2021.
v Total
Business of the Bank has increased to ? 353850.24 Crore as on 31.03.2022
from ?
324324.20
Crore as on 31.03.2021 registering a growth of 9.10%.
v Total
Deposits of the Bank has increased to ? 224072.90 Crore as on 31.03.2022
from ?
205919.39
Crore as on 31.03.2021 registering
a growth of 8.82%.
v CASA of the Bank (Domestic) stood at 40.26% as on 31.03.2022.
v Savings
Deposits of the Bank has increased to ? 77161.76 Crore as on 31.03.2022
from ?
70808.70
Crore as on 31.03.2022 registering a growth of 8.97%.
v Total Advances of the
Bank stands at ? 129777.34 Crore as on 31.03.2022 as against ? 118404.81
Crore as on 31.03.2021 registering a growth of 9.60%.
v Gross NPA of the
Bank has reduced to ? 10237.43 Crore
(7.89%) as on 31.03.2022 from ? 11351.97
Crore (9.59%) as on 31.03.2021. Gross NPA as on 31.12.2021 was at ? 10042.41
Crore (8.00%) as on 31.12.2021.
v Net NPA of the
Bank has reduced to ? 3315.78 Crore (2.70%) as on 31.03.2022 from ? 4389.50
Crore (3.94%) as on 31.03.2021 and from ? 3333.59 Crore (2.81%) as on 31.12.2021.
v Provision
Coverage Ratio of the Bank has increased to 91.44% as on 31.03.2022
from 88.40% as on 31.03.2021 and from 91.30% as on 31.12.2021.
v Capital Adequacy Ratio of the Bank stood at 13.74%
and CET-I Ratio at 10.97% as on 31.03.2022 vis-Ã -vis Capital Adequacy Ratio at 13.74%
and CET-I Ratio at 11.14% as on 31.03.2021.
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