PRESS RELEASE

Uco Bank registers big jump in Q3 on Y-O-Y basis in Global Net Profit at 43.22%

NET
PROFIT

   

GLOBAL
BUSINESS

   

CASA

  • NET PROFIT REGISTERS A GROWTH OF 43.22% IN Q3 AT RS. 245.82 CRORE. NET PROFIT FOR THE 9 MONTH PERIOD STOOD AT RS.632.38 CRORE.

  • GLOBAL BUSINESS RECORDS A GROWTH OF 20.71% AND PLACED AT RS. 178365 CRORE.

  • GLOBAL DEPOSITS AND ADVANCES GREW AT 19.78% & 22.03 % AND STOOD AT RS. 104059 CRORE AND RS 74306 CRORE RESPECTIVELY.

  • DOMESTIC CASA GROWTH AT 23.93% WITH SAVINGS DEPOSIT GROWTH AT 26.39%. UCO BANK AMONG THE 3 NATIONALISED BANKS TO REGISTER AN INCREASE IN MARKET SHARE OF CASA.

   

GROSS AND NET NPA RATIOS

  • NET NPA RATIO BROUGHT DOWN FROM 1.28% AS OF DECEMBER 2008 TO 0.89% AS OF DECEMBER 2009.

  • GROSS NPA RATIO STOOD AT 2.01% AS OF DECEMBER, 2009 VIS-Ŕ-VIS 2.42% AS OF DECEMBER, 2008.

   

NPA PROVISION COVERAGE RATIO

  • IMPROVEMENT EFFECTED IN NPA PROVISION COVERAGE RATIO FROM 50.10% AS OF JUNE 2009 TO 55.98 % AS OF DECEMBER, 2009
   

TECHNOLOGY INITIATIVES
  • ALL METRO ZONES 100% CBS COMPLIANT. 1602 CBS BRANCHES WITH BUSINESS COVERAGE OF MORE THAN 90% .

  • 433 ATMS INSTALLED.

  • INCREASING NUMBER OF CUSTOMERS PROVIDED VISA DEBIT CARD, E-BANKING AND MOBILE BANKING FACILITIES

   


CORPORATE

INITIATIVES

  • SEVA UTSAV CONFERRED “SEVA RATNA AWARD 2009” ON CHAIRMAN & MANAGING DIRECTOR FOR SERVICES RENDERED TO THE PEOPLE OF WEST BENGAL.

  • ADOPTED BAGHA VILLAGE NEAR RAGHUNATHGANJ IN MURSHIDABAD DISTRICT WEST BENGAL LAUNCHED BY HON’BLE FINANCE MINISTER, SRI PRANAB MUKHERJEE

  • ADOPTED JALANGA VILLAGE IN BHADRAK DISTRICT, ORISSA LAUNCHED BY DR.D.SUBBARAO, GOVERNOR RBI.

  • 45 BRANCHES DESIGNATED FOR SENIOR CITIZENS ACROSS THE COUNTRY.

  • 180 BRANCHES IDENTIFIED AS PERSONALIZED BRANCHES FOR SERVING CUSTOMERS IN RETAIL BUSINESS AND CASA MOBILISATION EXCLUSIVELY.

  • OPENED 67 BRANCHES TO CELEBRATE 67TH FOUNDATION DAY ON 6TH JANUARY, 2010.

  • FOUNDATION DAY OF THE BANK WAS CELEBRATED ON 6TH JAN, 2010 ACROSS THE COUNTRY BY INVITING ALL IMPORTANT CUSTOMERS.

 

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