Uco Bank registers big jump in Q3 on Y-O-Y basis in Net Profit at Rs. 245.82 crores, a growth of 43.22%
Kolkata, January 15, 2010:
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-À-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.
(This is a press release from Uco Bank)
