UCO Bank announces Financial Results for the Quarter Ended 30thSeptember2022

Financial Performance:
 Bank has made Net Profitof ₹504.52 Crore during the quarter ended September 2022 as against Net Profit of ₹205.39Crore in the quarter ended September 2021registering a growth of 145.64%.
 Operating Profit of the Bank for the quarterSeptember 2022stoodat₹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 ₹1597.72Crore for the quarter ended September 2021registering a growth of 10.76%.
 Other Income of the Bank for the quarter ended September 2022stood at₹779.94 Crore as against ₹936.07 Crore for the quarter ended September 2021.
 Total Business of the Bank has increased to₹377304.92Crore 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 30.09.2022as against ₹121552.03 Crore as on 30.09.2021 registering a growth of 16.95%.
 Gross NPA of the Bank has reduced to ₹9358.92Crore (6.58%) as on 30.09.2022from₹10909.79 Crore (8.98%) as on 30.09.2021and from ₹9739.65 Crore (7.42%) as on 30.06.2022.

 Net NPA of the Bank hasreducedto₹2700.29 Crore (1.99%)as on 30.09.2022 from ₹3854.33 Crore (3.37%) as on 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 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.

News Mania Desk