PRESS RELEASE
Performance Of UCO Bank in FY 2009-10
PROFIT
GLOBAL
BUSINESS
DOMESTIC BUSINESS
CASA |
- NET PROFIT REGISTERS A GROWTH OF 81.36% AT RS. 1012 CRORE DURING THE FY 2009-10 FROM RS. 558 CRORE DURING FY 2008-09.
- GLOBAL BUSINESS RECORDS A GROWTH OF 21.13% AT RS 205787 CRORE.
- GLOBAL DEPOSITS & ADVANCES GREW AT 22.15% & 19.67 %, STOOD AT RS. 122416 CRORE AND RS 83371 CRORE RESPECTIVELY.
- DOMESTIC BUSINESS GROWTH AT 23.08% & PLACED AT RS. 193524 CRORE.
- DOMESTIC DEPOSITS & ADVANCES GREW AT 24.40 & 21.16 %, STOOD AT RS. 115956 CRORE & RS 77568 CRORE RESPECTIVELY.
- CASA GROWTH AT 24.88% WITH SAVINGS DEPOSIT GROWTH AT 26.09 %.
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GROSS AND net npa
RATIOS
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- GROSS & NET NPA RATIOS BROUGHT DOWN TO 1.99..% & 1.17% DURING FY 2009-10.
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KEY FINANCIAL
RATIOS |
- IMPROVEMENT EFFECTED IN KEY FINANCIAL RATIOS SUCH AS RETURN ON ASSETS (ROA), COST TO INCOME RATIO, NET INTEREST MARGIN (NIM) DURING 2009-10.
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TECHNOLOGY INITIATIVES |
- 100% CBS COVERAGE OF ALL 2148 BRANCHES AND 7 EXTENSION COUNTERS.
- 478 ATMS OPERATIONAL AS OF 31ST MARCH 2010, OF WHICH 330 ON-SITE & 148 OFF-SITE.
- INCREASING NUMBER OF CUSTOMERS PROVIDED VISA DEBIT CARD, E-BANKING AND MOBILE BANKING FACILITIES
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CORPORATE
INITIATIVES |
- UCO BANK’S MOVE TOWARDS FINANCIAL INCLUSION BY LAUNCHING “UCO-MOBILE BANK” – THE CBS ENABLED BRANCH-ON-WHEELS BY SHRI PRANAB MUKHERJEE, HON’BLE FINANCE MINISTER ON 17.04.2010 AT DEULI VILLAGE (RAGHUNATHGANJ) IN DISTT. MURSHIDABAD.
- SEVA UTSAV CONFERRED “SEVA RATNA AWARD 2009” ON CHAIRMAN & MANAGING DIRECTOR FOR SERVICES RENDERED TO THE PEOPLE OF WB.
- TAILOR-MADE RETAIL SCHEMES LAUNCHED BY THE BANK NAMELY: UCO DOCTOR, UCO TWO-WHEELER, UCO SHELTER (FURNISHING), UCO SHELTER (COMFORT) CATERING TO IDENTIFIED SEGMENTS OF THE MARKET.
- ADOPTED JALANGA VILLAGE IN BHADRAK DISTRICT, ORISSA LAUNCHED BY DR.D.SUBBARAO, GOVERNOR RBI.
- 45 BRANCHES DESIGNATED FOR SENIOR CITIZENS ACROSS THE COUNTRY.
- 231 BRANCHES IDENTIFIED AS PERSONALIZED BRANCHES FOR SERVING CUSTOMERS IN RETAIL BUSINESS AND CASA MOBILISATION EXCLUSIVELY.
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- 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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