• UCO Bank’s net revenues (net interest income plus other income) increased by 5.2% quarter-on-quarter (QoQ) during the quarter ended September (Q2FY22). On a year-on-year (YoY) basis, it witnessed a growth of 7.6%.
  • Provisions & contingencies were up by 0.4% QoQ and down by 21.7% on a YoY basis.
  • Net profit stood at Rs 205.4 crores in Q2FY22 as against Rs 30.1 crores in Q2FY21.
  • The bank’s capital adequacy ratio (CAR) stood at 14.3% in Sept 2021 quarter versus 11.8% in Sept 2020 quarter.
  • Net non-performing assets (NPAs) stood at 3.4% as of Sept 2021.

UCO Bank’s Financial Statements for Q2FY22:

(Rs, crores) Q2FY21 Q1FY22 Q2FY22 QoQ (%) YoY (%)
Total Income 4,327.1 4,426.2 4,655.9 5.2% 7.6%
Total Expenses 3,251.2 3,252.8 3,321.7 2.1% 2.2%
Provisions & contingencies 1,301.1 1,014.2 1,018.6 0.4% -21.7%
Profit before tax -225.1 159.2 315.5 98.2% -
Tax -255.2 57.4 110.2 92.0% -
Profit after tax 30.1 101.8 205.4 101.7% 581.9%
Earnings per share 0.0 0.1 0.2    

Data Source: BSE, Company announcements

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The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results