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Rates FY13-14 Repo Reverse Repo MSF Call Money(Daily movement) 13.5 12.5 11.5 10.5 9.5 8.5 7.5 6.5 5.5 A p r M a y J u n J u l A u g S e p O c t N o v D e c J a n F e b M a r IIP growth (%) 3.5 2.6 2.7 1.5 0.8 0.4 0.1 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14-0.5-1.2-1.3-1.8-1.8 12 11 10 9 8 7 6 5 9.39 9.31 CPI(YoY) in % 11.16 10.17 9.87 9.64 9.84 9.87 9.52 8.79 8.03 8.31 8.59-2.5 3
The reality check Unhealthy combination of low-growth, high inflation, high interest rates and high indebtedness Debt-equity ratios for firms in power, telecom and roads are at 15-year highs and a sustained deleveraging will be required to create the balance sheet strength to finance the next capex cycle Among the BSE-200 non-financial group, 17% of firms have operating incomes that are less than 1.5 times their DSCR, preventing some projects already cleared from being executed The corollary of all this is rising impaired assets on public sector bank balance sheets 4
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Highlights of Performance during QE & FY ending Mar 14 Net Profit for Q4FY 14 (Rs. 285Cr. ) shoots up 470% YOY while same for FY 13-14 (Rs. 1511 Cr. ) rises 144.35% Operating Profit for Q4FY 14 (Rs. 1374Cr.) jumps 33.14% YoY while same for FY 13-14 (Rs. 4940 Cr. ) registers 47.6% growth Net Interest Income in Q4FY 14 (Rs. 1562Cr.) rises 15.87% YoY while NII for FY 13-14 (Rs. 6059 Cr. ) rises 32.25% Global Deposit (Rs. 2.00 lakh cr.) & Global Advance (Rs. 1.53 lakh cr.) as on 31 st Mar 2014 register 15.7% & 16.5 % growth respectively over the year-ago positions Retail Assets as on Mar 14 show sharp rise of 75.37% YoY to reach Rs. 16,545 cr. During FY 14 Gross NPAs reduced by 110 basis points to 4.32% (5.42%) and Net NPA by 79 basis points to 2.38% (3.17%) as on 31 St Mar14 During FY 13-14, opened/ installed 280 branches, 482 USBs, 825 ATMs taking totals to 2894 branches,1245 USBs, 2085 ATMs respectively Acquired 34.79 lakh new customers in FY 13-14 compared to 28.12 lakh last year growth of 23.72% Performance Highlights 6
Movement of business parameters [ Amt. in Rs. Crore ] FY PARAMETERS 2013-14 2012-13 Change (%) Change (%) 2013-14 2012-13 Y-O-Y Y-O-Y Total Deposit at end FY 199533 173431 15.05 Total Advance at end FY 153163 131569 16.41 Total Income 19550.43 17703.88 10.43 5311 4527 17.32 Net Interest Income 6059.09 4581.53 32.25 1562 1348 15.84 Operating Profit 4940.4 3357.09 47.16 1374 1032 33.11 Provisions 3429.85 2738.89 25.23 1089 983 10.81 Net Profit 1510.54 618.20 144.35 285 50 470.00 Gross NPA (amt.) 6621.37 7130.09-7.13 6621 7130-7.14 Gross NPA % 4.32 5.42 4.32 5.42 Net NPA (amt.) 3556.43 4069.31-12.60 3556 4069-12.61 Net NPA % 2.38 3.17 2.38 3.17 CASA(Dom.) 58883.7 55373.93 6.34 58884 55374 6.34 Cost to income (%) 33.05 39.33 31.98 37.99 ROA 0.70 0.33 0.49 0.10 NIM (Global) 2.82 2.34 2.70 2.21 NIM (Domestic) 3.02 2.48 2.87 2.34 NPA Prov coverage 57.02 52.08 57.02 52.08 Book Value per share 104.85 97.19 104.85 97.19 Q4 Performance Highlights 7
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Deposit components [ Amt. in Rs. Crore ] QE Mar'13 QE Dec'13 Parameters QE Mar'14 158386 175735 A) Deposit (Domestic) 182730 25694 26648 Current 25353 29680 31998 Savings 33531 55374 58646 CASA 58884 34.96 33.37 Share of CASA (%) 32.14 57686 71443 Normal Term Deposit 72295 113060 130089 Core Deposit 131179 15045 16671 B) Deposit (Overseas) 16803 173431 192406 C)Total Deposit (Global) 199533 Deposits, Advances & Investments 9
Segment wise Loans & Advances [ Amt. in Rs. Crore ] 31-Mar-13 31-Dec-13 SEGMENT 31-Mar-14 Variation Mar'14/Mar'13 (Absolute) (%) 131569 141457 Total advances Global (1+2) 153163 21596 16.41 119205 127645 1. Domestic Advances (A to C) 140228 21023 17.63 9434 12271 A) Retail (including Pool) 16545 7111 75.38% 34962 44783 B) Priority Sector 51965 17003 48.63% of which 12625 13602 Total Agriculture 16642 4017 31.82% 9986 10462 Direct Agri 11166 1180 11.82% 2639 3140 Indirect Agri 5475 2836 107.46% 16421 24361 MSE 26389 9968 60.70% 79046 76367 C) Other advances 71718-7328 -9.27% 12364 13812 2. Overseas Exposure 12935 571 4.62% Deposits, Advances & Investments 10
Retail Business (including Pool) [ Amt. in Rs. Crore ] Position as on 31.03.2013 Position as on 31.12.2013 Position as on 31.03.2014 Scheme A/c Amount A/c Amount A/c Amount ** 5196.72 ** 6494.82 UCO Home ** 8175.69 ** 772.00 ** 1383.28 UCO Car ** 2895.95 50571 1141.00 53958 1238.00 UCO Education 54303 1262.00 55033 492.00 53883 524.00 UCO Cash 53217 539.00 ** 1832.74 ** 2630.85 Other Retail Schemes ** 3672.03 9434.46 12270.95 Total Retail 16544.67 ** including individual & pool accounts Deposits, Advances & Investments 11
Investment Portfolio as on 31-03-2014 [ Amts. in Rs. Crore ] Investment in SLR (G Sec) Portfolio Amount INR Crore % to NDTL HFT 0.00 0.00 AFS 11541.83 6.62 HTM 41475.66 23.76 Sub Total (Investment in SLR) 53017.49 30.38 Investment in Non - SLR HFT 0.00 0.00 AFS 8192.92 4.69 HTM 190.90 0.11 Sub Total (Investment in Non - SLR) 8383.82 4.80 Priority Sector Investment 4397.66 2.52 Gross Total (SLR + Non-SLR) 65798.97 37.70 Deposits, Advances & Investments 12
Investments in Last 5 years [ Amts. in Rs. Crore ] 31.3.2010 31.3.2011 31.3.2012 31.3.2013 31.3.2014 SLR (G-sec) 31397 34963 40092 43347 53017 Non-SLR 11140 6425 4946 7987 12782 TOTAL 42537 41388 45038 51334 65799 CATEGORY Composition as on 31.3.2010 31.3.2011 31.3.2012 31.3.2013 31.3.2014 H T M 24162 27675 32827 35661 46064 % of Net Investment 57.04 67.17 73.56 69.81 70.28 A F S 18373 13713 12032 15673 19735 % of Net Investment 43.37 33.28 26.96 30.68 30.11 H F T 2 0 179 0 0 % of Net Investment 0.00 0.00 0.40 0.00 0.00 Gross Investment 42537 41388 45038 51334 65799 Depreciation & Provision 178 188 410 248 254 Net Investment 42359 41200 44628 51086 65545 Deposits, Advances & Investments 13
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Salient Features of Asset Management During FY 14 Gross NPAs reduced by 110 basis points to 4.32% (5.42%) and Net NPA by 79 basis points to 2.38% (3.17%) as on 31 St Mar14 NNPA (%) GNPA (%) Mar'14 2.38% 4.32% Dec'13 Sep 13 Jun 13 Mar'13 3.06% 3.13% 3.15% 3.17% 5.20% 5.32% 5.58% 5.42% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% 5.50% 6.00% Restructured Standard Assets brought down by Rs. 1705 Cr. between 1 st Jan 14 and 31 st Mar 14 During the FY bank assigned 133 NPA accounts to ARCs involving Rs.1869 Cr. at a consideration price of Rs.1028 Cr. Created a separate vertical within the Recovery Dept. for effective monitoring of loss assets and their recovery Stressed Assets management 15
Impaired Assets movement Q-o-Q [ Amt. in Rs. Crore ] As on / during the QE Mar'13 6711.29 Parameters Gross NPA (Opening Balance @ beginning of Qtr/ FY) As on / during the QE Jun 13 Sep 13 Dec'13 Mar'14 As on/during FY 13-14 7130.09 7177.97 7375.98 7353.30 7130.09 1538.96 Slippage (during the Qtr) 628.71 976.25 595.31 1761.32 3961.59 672.84 Recovery + Upgradation 394.36 385.38 406.74 1860.39 3046.87 447.32 Write off 186.47 392.86 211.25 632.86 1423.44 7130.09 Gross NPA (Amt.) 7177.97 7375.98 7353.30 6621.37 6621.37 5.42% Gross NPA (%) 5.58% 5.32% 5.20% 4.32% 4.32% 4069.31 Net NPA (Amt.) 3939.30 4228.22 4216.55 3556.43 3556.43 3.17% Net NPA (%) 3.15% 3.13% 3.06% 2.38% 2.38% Stressed Assets management 16
Sectorwise NPAs (Domestic) [ Amt. in Rs. Crore ] Parameters As on / during the QE Mar'13 Jun 13 Sep 13 Dec'13 Mar'14 1 Agriculture & Allied Activities 881.23 881.34 815.68 817.85 951.23 2 Micro & Small Industries 951.23 1058.57 1171.24 1184.44 1206.65 3 Medium Industries 965.73 953.76 543.83 559.85 316.05 4 Large Industries 2289.5 2295.28 3014.36 3038.08 2294.53 5 Services 741.32 698.04 701.02 684.56 923.74 6 Retail 367.48 658.42 663.01 656.22 378.65 7 All Others 708.61 382.3 205.14 154.02 204.16 Total 6905.10 6927.71 7114.28 7095.02 6275.01 Stressed Assets management 17
Restructured Standard Assets (stock of 2 years as per disclosure norms) Q4 FY 14 Details Amt.(Cr.) Total Restructured Assets as on 01 Jan 2014 12870 Add: Standard Accounts restructured during Q4FY 14 709 Less: Total Standard Restructured accounts closed during Qtr.* 2414 Total Standard Restructured as on 31 Mar 2014 11165 % age of Restructured Advances to Total Loans and Advances as on March, 2014 7 * Including the accounts which cease to attract higher provisioning As on 31-03-2013 As on 31-12-2013 Industry As on 31-03-2014 5091 6114 Power and Distribution 4239 996 1922 Infrastructure 1919 1344 2103 Iron and Steel 2502 760 Aviation 0 120 92 Information technology 134 1191 1879 Others 2371 8742 12870 Total 11165 Stressed Assets management 18
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Q4 FY 13 During Qtr. Q4FY 14 Income, Expenditure & Profit (Global) [ Amt. in Rs. Crore] YoY Change Amt. % During FY 2012-13 2013-14 YoY Change Amt. % 4527 5311 784 17.31 I)Total Income (a+b) : 17703.88 19550.42 1847.75 10.44 4210 4851 641 15.22 a)interest Income 16751.71 18229.92 1478.21 8.82 3127 3540 413 13.20 Interest on Advances 12857.64 13630.68 773.04 6.01 974 1254 280 28.75 Income on Investments 3634.54 4385.69 751.15 20.67 109 57-52 -47.71 Other Interest Income 259.53 213.55-45.99-17.72 317 460 143 45.11 b)other Income 952.17 1320.51 368.34 38.68 3495 3937 442 12.65 II)Total Expenses 14346.79 14610.03 263.24 1.83 2862 3290 428 14.95 Interest Paid 12170.18 12170.83 0.65 633 647 14 2.21 Operating Expenses 2176.61 2439.20 262.59 12.06 1032 1374 342 33.14 III)Operating Profit (I-II): 3357.09 4940.4 1583.31 47.6 982 1089 107 10.90 IV)Provisions 2738.89 3429.85 690.96 25.22 50 285 235 470 V)Net Profit (III-IV) : 618.20 1510.55 892.35 144.35 1348 1562 214 15.87 Net Interest Income 4581.53 6059.09 1477.56 32.25 Financials & performance indicators 20
Ratio Analysis During During FY Q4 FY 13 Q4FY 14 2012-13 2013-14 6.38 6.16 Cost of Deposit (%) 7.12 6.17 9.93 9.80 Yield on Advances (%) 10.63 9.91 7.61 7.91 Yield on Investment (%) 7.59 7.73 2.21 2.70 Net Interest Margin Global (%) 2.34 2.82 2.34 2.87 Net Interest Margin Domestic (%) 2.48 3.02 37.99 31.98 Cost to Income Ratio (%) 39.33 33.05 5.42 4.32 GNPA (%) 5.42 4.32 3.17 2.38 NNPA (%) 3.17 2.38 52.08 57.02 NPA Provision Coverage (%) 52.08 57.02 14.15 13.40 CRAR (Basel-II) (%) 14.15 13.40 Financials & performance indicators 21
Profitability Indicators During During FY Q4 FY 13 Q4FY 14 2012-13 2013-14 0.10 0.49 Return on Assets (%) 0.33 0.70 3.02 13.14 Return on Equity (%) 9.42 17.43 2.11 2.38 Op. Profit to AWF (%) 1.78 2.30 97.19 104.85 Book Value per Share (Rs.) 97.19 104.85 0.01 3.34 Earnings per Share (Rs.) 6.28 19.44 8869.17 10284.89 Net Worth (Absolute) excl. revaluation reserve 8869.17 10284.89 2.75 2.7 Net-interest income to AWF (%) 2.42 2.82 0.65 0.80 Non-interest income to AWF (%) 0.50 0.61 Financials & performance indicators 22
Capital Adequacy [ Amt. in Rs. Crore] 31-03-2013 31-12-2013 PARAMETERS 31-03-2014 101045 117598 Total Risk Weighted Assets 116726.97 87417 101946 Credit Risk 99071.43 6494 7272 Market Risk 9275.29 7134 8380 Operational Risk 8380.25 14298 14237 Total Capital Fund 15651.60 9157 8970 Tier I Capital Fund 10393.29 5141 5267 Tier II Capital Fund 5258.31 Not Applicable 14.15 12.11 Capital Adequacy Ratio (%) 13.40 Under 9.06 7.63 Tier I (%) 8.90 BASEL II 5.09 4.48 Tier II (%) 4.50 11.16 Capital Adequacy Ratio (%) 12.68 Under 7.26 Tier I (%) 8.71 BASEL III 3.90 Tier II (%) 3.97 Financials & performance indicators 23
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Awards & Accolades in FY 13-14 Best Bankers Award 2013 (Large) Initiatives in Financial Inclusion given by THE `SUNDAY STANDARAD - The New Indian Express National Award to UCO Bank for the year 2012-13 based on outstanding performance in North-East Zone for implementing PMEGP scheme from Khadi & Village Industries Commission under the Ministry of Micro, Small & Medium Enterprises, Govt. of India. Global Sustainability Award-2014 under Outstanding Social Impact Category for UCO UTTHAN. Certificate of Excellence (FIPS AWARD, 2013) - Extension of Financial Services to Rural and Urban Area Given awarded by Elets Technomedia Pvt. Ltd. in Global Conference on Financial Inclusion & Payment System Third best bank Award for outstanding performance by its RSETIs from Ministry of Rural Development CIMSME MSME BANKING EXCELLENCE AWARDS-2013 under 2(Two) categories i. Jury Award for New Initiative, ii. Best Branding Award The Institute of Public Enterprises, Hyderabad awarded UCO Bank s CMD Sri Arun Kaul, its prestigious PE Asia Pacific CEO with HR Orientation Award and the Banks GM (HRM) its prestigious HR Leadership Award Skoch Renaissance Award 2013 for Development Skoch Inclusion Award 2013 for Securing Critical Application Access (Two factor authentication for CBS system). Prize from NPCI in recognition of Bank s extraordinary performance in CTS clearing Major Initiatives 25
New initiatives completed CBS Migration at Bank s Overseas Branches in Hong Kong and Singapore implemented Money Market module and Inter-bank FX module under Integrated Treasury Management project launched the facility of Know your a/c balance by SMS against missed call started 24x7 e-lobbies with ATM, Cash Deposit Machine, Cheque Deposit Machine, Pass Book Printing Machine put Pass book Printing Kiosk and Cash Deposit Machine at branches During FY 14, launched/ re-launched deposit schemes like UCO Double, UCO Dhan Varsha, UCO Dhan Laxmi, UCO Century, UCO Double Century, UCO Monthly Income Scheme, UCO Sowbhagaya, UCO Triple One in which the combined amount outstanding was Rs. 30,360 crore as on 31 Mar 2014 launched Bank s Mobile-version website accessible through hand-held devices appointed IIM-Ahmedabad as HR Transformation Consultant Major Initiatives 26
Financial Inclusion initiatives Initiatives During Q4FY14 Cum. as on 31.03.2014 Villages covered with > 2000 population (a) 109 1833 through Branches 86 318 through BCs 23 1515 Villages covered with < 2000 population (b) 3617 7802 through Branches 5 16 through BCs 3612 7786 Total no. of villages covered (a) + (b) 3726 9635 Out of above, Villages under DBT -- 1903 Total no. of No frill accounts opened (In lakh) 5.35 40.23 No. of Smart card issued (In lakh) 4.26 9.89 No. of transactions in the a/cs opened under ICT based BC model (in lakh) 16.32 26.72 No. of KCCs extended (In lakh) 0.30 6.02 No. of GCCs extended (In lakh) 0.10 1.88 No. of all other Deposit accts (In lakh) 7.27 200.42 No. of all other Advance accts (In lakh) 1.13 13.07 No. of SHGs credit linked 2920 78051 No. of JLGs credit linked 150 1886 Major Initiatives 27
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Customer acquisitions & Branch expansions Cust. Acquisition (lakhs) FY'2013-14 34.79 FY'2012-13 28.12 FY'2011-12 21.00 FY'2010-11 15.37 10.00 15.00 20.00 25.00 30.00 35.00 3100 2900 2700 Branches 2614 2894 2500 2300 2100 1900 1700 2152 2206 2394 1500 31Mar'10 31Mar'11 31Mar'12 31Mar'13 31Mar'14 Path traversed 29
Growth of Delivery Points 4,000 3,500 3,000 2,500 2,000 Biz.Corresp. Agents 2,020 3,801 1400 1200 1000 800 USBs 763 1245 1,500 1,165 600 1,000 500 0 542 5 31Mar'10 31Mar'11 31Mar'12 31Mar'13 31Mar'14 400 200 0 65 31.03.12 31.03.13 31.03.14 ATMs Cards(lakh) 31 Mar'14 2085 31Mar'14 41.53 31Mar'13 1361 31Mar'13 27.44 31Mar'12 864 31Mar'12 18.93 31Mar'11 608 31Mar'11 13.32 31Mar'10 477 31Mar'10 8.61 0 500 1000 1500 2000 2500 0.00 10.00 20.00 30.00 40.00 50.00 Path traversed 30
Changing Employee profile FY 2009-10 FY 2010-11 FY 2011-12 FY 2003-14 FY 2013-14 Officer Staff Officer Staff Officer Staff Officer Staff Officers Staff Opening Position 8870 14737 8798 14446 8274 14752 9059 14088 10821 13288 Reduction during FY (Retirement & Promotion to Officer cadre etc.) 515 678 577 695 470 1531 719 1392 1597 1392 Addition in FY (Recruitment & Promotion) 443 387 53 1001 1255 867 2481 592 2370 1067 Closing Balance 8798 14446 8274 14752 9059 14088 10821 13288 11594 12963 Total Employee 23244 23026 23147 24109 24557 31-Mar-10 31-Mar-11 31-Mar-12 31-Mar-13 31-Mar-14 Officer Staff Officer Staff Officer Staff Officer Staff Officers Staff <= 30 year 675 635 602 618 1011 1222 2532 1323 3303 1862 >30 yrs to 45 yrs 780 2179 909 2169 1038 1897 1485 2258 1932 1899 > 45 yrs to 55 yrs 5379 8731 3954 7069 3703 6107 3216 5761 2679 5131 >55 years 1964 2901 2809 4896 3307 4862 3588 3946 3680 4071 TOTAL 8798 14446 8274 14752 9059 14088 10821 13288 11594 12963 Path traversed 31
%age of Officers in Different Age Groups Age Profile of Officers <= 30 years >30 years to 45 years > 45 years to 55 years >55 years 100.00% 22.32% 33.95% 36.51% 33.16% 31.74% 80.00% 60.00% 40.00% 61.14% 47.79% 40.88% 29.72% 23.11% 16.66% 13.72% 20.00% 0.00% 11.46% 28.49% 8.87% 10.99% 23.40% 7.67% 7.28% 11.16% 31Mar'10 31Mar'11 31Mar'12 31Mar'13 31Mar'14 Path traversed 32
35.00% 30.00% CAGR between 31Mar 10 and 31Mar 14 30.45% 27.07% 25.00% 20.00% 18.74% 16.42% 15.00% 12.99% 10.00% 10.54% 10.19% 5.00% Total Deposits Total Advances Net Interest Income Operating profit Net Profit CASA Customer base Path traversed 33
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