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

News Stardom : Kolkata, 3rd. November, 2022. UCO Bank announces Financial Results for the Quarter Ended 30th September 2022.

*HIGHLIGHTS OF PERFORMANCE*

Financial Performance:-

 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%.

 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.

 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%.

 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.

 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%.

 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%.

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

 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%.

 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%.

 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.

 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.

 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.

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