United Commercial Bank (UCO Bank) has made Net Profit of Rs 101.81 Crore during the quarter ended June 2021 as against Net Profit of Rs 21.46 Crore in the quarter ended June 2020 registering a growth of 374.42 per cent.
The Operating Profit of the Bank for the quarter June 2021 stood at Rs 1286.28 Crore as against Rs 977.08 Crore for the quarter ended June 2020 registering a growth of 31.65 per cent. The Net Interest Income of the Bank for the quarter ended June 2021 has increased to Rs 1460.24 Crore from Rs 1266.78 Crore for the quarter ended June 2020 registering a growth of 15.27 per cent. This is highest Net Interest Income in last 23 quarters.
The Other Income of the Bank for the quarter ended June 2021 has increase to Rs 969.51 Crore as against Rs 773.93 Crore for the quarter ended June 2020, registering a growth of 25.27 per cent.
Total Business of the Bank has increased to Rs 332946.17 Crore as on 30.06.2021 from Rs 310355.63 Crore as on 30.06.2020 registering a growth of 7.28 per cent.
Total Deposits of the Bank has increased to Rs 212096.82 Crore as on 30.06.2021 from Rs 195119.60 Crore as on 30.06.2020 registering a growth of 8.70 per cent.
CASA of the Bank (Domestic) stood at 38.55 per cent as on 30.06.2021. Savings Deposits of the Bank has increased to Rs 71377.97 Crore as on 30.06.2021 from Rs 66086.68 Crore as on 30.06.2020 registering a growth of 8.01 per cent.
Total Advances of the Bank stands at Rs 120849.35 Crore as on 30.06.2021 as against Rs 115236.03 Crore as on 30.06.2020 registering a growth of 4.87 per cent. Gross NPA of the Bank has reduced to Rs 11321.76 Crore (9.37 per cent) as on 30.06.2021 from Rs 16576.43 Crore (14.38 per cent) as on 30.06.2020 and from Rs 11351.97 Crore (9.59 per cent) as on 31.03.2021.
Net NPA of the Bank has reduced to Rs 4387.25 Crore (3.85 per cent) as on 30.06.2021 from Rs 5138.18 Crore (4.95 per cent) as on 30.06.2020 and from Rs 4389.50 Crore (3.94 per cent) as on 31.03.2021.
Provision Coverage Ratio of the Bank has increased to 88.53 per cent as on 30.06.2021 from 86.50 per cent as on 30.06.2020 and from 88.40 per cent as on 31.03.2021. Capital Adequacy Ratio of the Bank stood at 14.24 per cent and CET-I Ratio at 11.32 per cent as on 30.06.2021.