UCO Bank Announced Financial Results For Quarter Ending On 30th September 2022
UCO Bank announced the Financial Results for the Quarter that ended on 30th September 2022. Soma Sankara Prasad, MD & CEO, of UCO Bank, graced the press conference and announced the financial results.
Financial Performance:
- Bank has made a Net Profit of ₹52 Crore during the quarter that ended September 2022 as against a Net Profit of ₹205.39Crore in the quarter that ended September 2021registering a growth of 145.64%.
- Operating Profit of the Bank for the quarter of September 2022 stood at ₹78 Crore as against ₹1334.15 Crore for the quarter that ended September 2021.
- Net Interest Income of the Bank for the quarter ended September 2022 has increased ₹60 Crore from ₹1597.72Crore for the quarter ended September 2021registering a growth of 10.76%.
- Other Income of the Bank for the quarter ended September 2022stood at₹94 Crore as against ₹936.07 Crore for the quarter ended September 2021.
- Total Business of the Bank has increased to₹92Crore as of 30.09.2022 from ₹335237.94 Crore as of 30.09.2021 registering a growth of 12.55%.
- Total Deposits of the Bank have increased to₹63 Crore as of 30.09.2022 from ₹213685.92 Crore as of 30.09.2021 registering a growth of 10.04%.
- CASA of the Bank (Domestic) stood at 39.57% as of 30.09.2022.
- Savings Deposits of the Bank have increased to ₹12 Crore as of 30.09.2022 from ₹72892.09 Crore as of 30.09.2021 registering a growth of 8.42%.
- Total Advances of the Bank stand at ₹28 Crore as of 30.09.2022as against ₹121552.03 Crore as of 30.09.2021 registering a growth of 16.95%.
- Gross NPA of the Bank has reduced to ₹92Crore (6.58%) as of 30.09.2022from₹10909.79 Crore (8.98%) as of 30.09.2021and from ₹9739.65 Crore (7.42%) as on 30.06.2022.
- Net NPA of the Bank has reduced to ₹29 Crore (1.99%)as of 30.09.2022 from ₹3854.33 Crore (3.37%) as of 30.09.2021and from ₹3103.82 Crore (2.49%) as on 30.06.2022.
- Provision Coverage Ratio of the Bank has increased to 92.90% as of 30.09.2022 from 90.02% as of on30.09.2021 and from 91.96% as of 30.06.2022.
- Capital Adequacy Ratio of the Bank stood at 14.02% and the CET-I Ratio at 11.25% as of 30.09.2022.