39232004-UCO-BANK

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UCO BANK

HISTORY:

Foundedin 1943, UCO Bankis a commercial bank and a Government of India Undertaking. Its

Board of Directors consists of government representatives from the Government of India and

Reserve Bank of India as well as eminent professionals like accountants, management experts,

economists, businessmen, etc.

Shri Arun KaulChairman &

Managing Director

Shri Ajai KumarExecutive Director

Shri N. R.Badrinarayanan

Executive Director

Our Vision Statement

To emerge as the most trusted, admired and sought-after world class financial institution and to

be the most preferred destination for every customer and investor and a place of pride for its

employees.

Our Mission Statement

To be a Top-class Bank to achieve sustained growth of business and profitability, fulfilling

socio-economic obligations, excellence in customer service; through upgradation of skills of staff

and their effective participation making use of state-of-the-art technology.

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Global banking has changed rapidly and UCO Bank has worked hard to adapt to these changes.

The bank looks forward to the future with excitement and a commitment to bring greater benefits

to you.

UCO Bank, with years of dedicated service to the Nation through active financial participation in

all segments of the economy - Agriculture, Industry, Trade & Commerce, Service Sector,

Infrastructure Sector etc., is keeping pace with the changing environment. With a countrywide

network of more than 2000 service units which includes specialised and computerised branches

in India and overseas, UCO Bank has marched into the 21st Century matched with dynamism

and growth!

Overview

We are in the Service of Community since 1943. We have nearly 2000 Service Units spread all over India. We also operate in two Major International Financial Centres namely Hongkong and

Singapore.

We have our Correspondents/Agency arrangements all over the world. We undertake Foreign Exchange Business in more than 50 Centres in India.

We have Foreign Exchange Dealing Operations at 4 Centres.

Our Strengths

Country-wide presence Overseas Presence with Profitable Overseas Operations Strong Capital Base High Proportion of Long Term Liabilities A Well Diversified Asset Portfolio A Large and Diversified Client Base Fully Computerised Branches at Major Centres Branch representation in Top 100 Centres (as per deposits) in the country

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Organisation Structure

Headquartered in Kolkata, the Bank has 35 Regional Offices spread all over India. Branches

located in a geographical area report to the Regional Office having jurisdiction over that area.

These Regional Offices are headed by Senior Executives ranging upto the rank of General

Manager, depending on size of business and importance of location. The Regional Offices report

to General Managers functioning at Head Office in Kolkata.

Shri Arun Kaul

Chairman & Managing Director

Shri Ajai Kumar

Executive Director

Shri N. R. Badrinarayanan

Executive Director

Shri S.K. Sinha

Director

Smt. Uma Shankar

Director

Shri J. C. Shandil

Director

Shri Sanjeev Jain

DirectorShri R.N. Jain

Director

Shri S.C. Gupta

Director

Shri Jai Dev Gupta

Director

Shri Ram Avtar Sharma

Director

Prof. Sebastian Luckose Morris

Director

Md. Akhruzzaman

Director

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Reviewed Financial Result for the quarter ended 30th June 2010

(Rs.in Lakhs)

Particulars Quarter Ended Year Ended

30.06.2010(Reviewed) 30.06.2009(Reviewed) 31.03.2010(Audited)

1. Interest Earned (a)+(b)+(c)+(d) 267285 233146 952632

(a) Interest/discount on advances / bills 198230 178410 710685

(b) Income on investments 63805 49527 218898

(c) Interest on balances with R.B.I & other inter-bank funds 4793 4960 19887

(d) Others 457 249 3162

2. Other Income 18988 25222 96593

3. Total Income (1+2) 286273 258368 1049225

4. Interest Expended 173588 190435 720220

5. Operating Expenses (i) + (ii) 48126 36906 158442

(i) Employees Cost 34765 25341 105762

(ii) Other Operating Expenses 13361 11565 52680

6. Total Expenditure (4+5) (excluding Provisions andContingencies) 221714 227341 878662

7. Operating Profit (Before Provisions and Contingencies) (3-6) 64559 31027 170563

8. Provisions (other than tax) and Contingencies 37391 12690 65647

...of which provision for NPA 31842 6011 353809. Exceptional Items 0 0 0

10. Profit(+)/Loss(-) from Ordinary Activities before tax (7-8-9) 27168 18337 104916

11. Tax Expenses 1147 452 3698

of which provision for FBT 0 0 0

12. Net Profit(+)/Loss(-) from Ordinary Activities after tax (10-

11) 26021 17885 101218

13. Extraordinary items 0 0 0

14. Net Profit/(Loss) for the period (12-13) 26021 17885 101218

15. Paid-up Equity Share Capital (Face Value Rs.10/- each) 54936 54936 54936

16. Reserves excluding Revaluation Reserves 306212 224571 306212

(As per balance sheet of previous accounting year)

17. Analytical Ratios

(i) Percentage of shares held by Govt. of India 63.59% 63.59% 63.59%

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(ii) Capital Adequacy Ratio: Basel-I 11.91% 10.11% 11.35%

Basel-II 13.61% 11.67% 13.21%

(iii) Earning Per Share (EPS) (in Rs.) (Not Annualised)

Basic and Diluted EPS before and after Extraordinary items for

the period, for the year to date and for the previous year. 4.74 3.26 18.42(iv) NPA Ratios

a) Amount of Gross NPA 192909 155549 166643

b) Amount of Net NPA 91908 77612 96628

c) % of Gross NPA 2.36% 2.27% 1.99%

d) % of Net NPA 1.14% 1.15% 1.17%

e) Return on Assets (Annualised) (%) 0.79% 0.64% 0.87%

18. Public Shareholding

- No. of Shares (in lakh) 2000.00 2000.00 2000.00- Percentage of Shareholding 36.41% 36.41% 36.41%

19. Promoters and Promoter Group Shareholding

a) Pledged/Encumbered

Number of Shares

Nil

Percentage of Shares (as a % of the total shareholding of

promoter and promoter group)

Percentage of Shares (as a % of the total share capital of theCompany)

b) Non-EncumberedNumber of Shares (in lakh) 3493.60 3493.60 3493.60

Percentage of Shares (as a % of the total shareholding ofpromoter and promoter group)

100% 100% 100%

Percentage of Shares (as a % of the total share capital of theCompany) 63.59% 63.59% 63.59%

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SEGMENTWISE RESULT FOR THE QUARTER ENDED 30.06.2010

(Rs.in Lakhs)

PART : A BUSINESS

SEGMENT

Sl.

No. Particulars

Quarter Ended Year Ended

30.06.2010(Reviewed)

30.06.2009(Reviewed)

31.03.2010(Audited)

1) Segment Revenue

i) Treasury Operations 73890 65816 271084

ii) Corporate/Wholesale Banking 135659 94827 490588

iii) Retail Banking 75276 96693 281274

iv) Other Banking Operations 1448 1032 6279

Total Income from operation 286273 258368 1049225

2) Segment Results

i) Treasury Operations 11723 6682 (3471)




Total Profit Before Tax 27168 18337 104916

3) Capital Employed

(Segment Assets - Segment Liabilities)

i) Treasury Operations 103591 77223 92831




Total Capital Employed 579565 411465 521054

PART : B GEOGRAPHIC SEGMENT

Quarter Ended Year Ended

Particulars 30.06.2010 30.06.2009 31.03.2010

(Reviewed) (Reviewed) (Audited)

Domestic

i) Revenue 280664 251875 1026458

ii) Assets 12577001 10719671 12950493

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International

i) Revenue 5609 6493 22767

ii) Assets 826020 598189 781456

Global

i) Revenue 286273 258368 1049225

ii) Assets 13403021 11317860 13731949

NOTES

1. The financial results for the quarter ended 30.06.2010 have been subjected to limitedreview by the Statutory Central Auditors and have been approved by the Board of

Directors at its meeting held on 23rd July 2010.

2. The working results for the quarter ended 30.06.2010 have been arrived at afterconsidering the provision for non-performing assets, standard assets, diminution in

fair value and investment depreciation on the basis of prudential norms issued by the

Reserve Bank of India (RBI). In respect of Income Tax, Depreciation on Fixed

Assets, etc., provision has been made on estimated basis.

3. In terms of the Revised Accounting Standard (AS)-15 notified by the CentralGovernment provision has been made for Employee Benefits viz. pension, gratuity,

leave encashment, LFC/LTC, sick leave etc., on estimated and proportionate basis.

The provision charged to Profit & Loss Account includes Rs. 22.17 crore (Rs. 22.17

crore) towards amortization of the increase in transitional liability over the pre-revised

AS-15 liability and Rs. 61.11 crore (Rs. 24.03 crore) towards current liability for the

current quarter. The unamortized portion of the increase in liability on account of

Revised AS-15 is Rs. 155.21 crore (Rs. 243.90 crore) as on 30.06.2010.

4. Revised salary having being disbursed from May 2010, provision of Rs.13.00 crore(Rs.30.00 crore in Q1 of last year) has been made for April 2010 over and above Rs.

284.06 crore held as provision for salary revision as on 31.03.2010. For consequential

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increase in liability towards other Employee Benefits such as Pension, Gratuity, etc.,

ad-hoc provision of Rs. 31.34 crore (Rs. 30.58 crore) has been made for the current

quarter.

5. The Observation of AuditorThe consequential effect of

(a) Reconciliation / adjustment of pending outstanding entries in the Inter-Office and

Inter-Bank transactions, (b) Accounting of income from commission earned on

Letters of Credit and Guarantees issued, on cash basis, not being in accordance with

AS 9 on Revenue Recognition reportedly not material and (c) Classification of Credit

Linked Notes (CLNs) as Loans and Advances instead of Investments, on the financial

results could not be ascertained.

Our Reply

Reconciliation of outstanding entries in Suspense Accounts, Inter Branch/Office

Accounts and accounts with RBI and accounts with other Banks have been completed

upto 30.06.2010 and elimination of outstanding entries is in progress. The impact of

such reconciliation and the recognition of above referred Income on cash basis on the

accounts will not be material. Bank has sought clarification from RBI on

classification of CLNs which is still awaited.

6. During the quarter Government of India has subscribed to bank's Tier I Capitalinstrument, viz. Perpetual non-cumulative Preference Shares PNCPS of Rs.300 crore(Nil) on 04.06.2010 carrying an annual floating coupon benchmarked to Repo rate

with a spread of 100 basis points to be reset annually.

7. The Bank has recognized, MAT Credit to the extent of Rs. 106.87 crore (Rs. 33.99crore) for the current quarter as MAT Credit Entitlement under Section 115JAA of the

Income Tax Act, 1961 and treated the same as an Asset.

8. Number of Investor Complaints:- (i) Outstanding at the beginning of the quarter- 02,(ii) Received during the quarter- 408, (iii) Disposed of during the quarter- 408 and(iv) Outstanding at the end of the quarter- 02.

9. The previous period figures have been regrouped /rearranged wherever necessary.

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UCO Wealth Maximiser Fixed Deposit SchemeSL. NO. PARAMETER DETAILED PARTICULARS

1. Title of the Scheme UCO Wealth Maximiser Fixed Deposit Scheme

2.Period of operation

of the Scheme9th August, 2010 to 15th November, 2010

3.Eligibility to Open

Account

Eligible Depositors under the Scheme would be same as

eligible depositors under Fixed Deposit Scheme currentlyavailable in the Bank.

4. Period of Deposit 999 days

5. Amount of Deposit

Minimum Amount: '5,000/- and thereafter in multiples of

'1,000/-.

Maximum Amount: Less than '1crore.

6. Rate of Interest

7.50% per annum compounded quarterly. The quarterly compounding would be done for the

eleven quarters and simple rate of interest would be

paid on the compounded amount after the eleven

quarters for the remaining days of the above depositperiod.

7. Premature Withdrawal

Withdrawals may be allowed prematurely, but in such acase the depositor would not be eligible to receive interest

at the special rate.

In case of premature withdrawal, the interest would be

payable at 1% below the applicable rate under the normalfixed deposits for the period for which the deposit has

remained with the Bank as on the date of deposit or present

rate, whichever is lower.

8.Loan/Overdraft

against the Deposits

Facility for availing loan/overdraft against Deposits under

the Scheme would be available as per existing guidelines

for availing loan/overdraft against Banks own FixedDeposits.

9. NominationThe facility of nomination would be available under theScheme.

10. Participating BranchesAll branches of the Bank would be authorised to open theDeposit Accounts under the Scheme.

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11. Automatic RenewalsSince the scheme would be in operation for a limited

duration, no automatic renewals would be allowed

under the scheme.

12. Tax ImplicationsTax would be deductible at source as per the prevailing

Income Tax rules.

13. Transferability

Transfer of Fixed Deposit under the Scheme within any

branch of the Bank would be permissible without any

charge as per the existing procedure.

14.

Special benefits for Senior

Citizen/ Staff / Ex-

Staff/Senior Citizen & Ex-

Staff

Deposits from these categories of depositors shall be

allowed incentive as per the existing norms. Accordingly,the applicable rates for these categories of depositors

would be as under:

Senior Citizen : Additional 0.50% or @ 8.00% Staff : Additional 1.00% or @ 8.50% Ex-Staff : Additional 1.00% or @ 8.50% Ex-Staff Sr. Citizen : Additional 1.25% or @ 8.75%

The overall amount ceiling for Ex-Staff/Ex-Staff Senior

Citizen for being eligible for higher rate under the scheme

shall be equal to the terminal benefits plus `10 lacs, as

usual.

15.Acceptance of Deposits

under the Scheme

Deposits under the Scheme would be accepted only

when accruing as a fresh Fixed Deposit for the Bank.

In other words, the existing Fixed Deposits cannot be

directly renewed under the scheme and the existing

Fixed Depositors who wish to convert into the scheme

would have to compulsorily take premature payment of

their existing deposits and pay the usual penal charges

for the premature closure.

However, any existing Fixed Deposit maturing during the

scheme period would be eligible to enter into the scheme as

it would be a fresh deposit for the Bank under the Scheme.

16.Applicability of normal

Fixed Deposit Rules

Other than the special terms and conditions of the scheme,the deposits under the scheme would be governed as per the

normal Fixed Deposit Rules of the Bank.

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UCO BANK'S ATTRACTIVE LOAN SCHEMES

Being a Commercial Bank, giving Loans and Advances is among our primary activities. Apartfrom our participation in meeting both Term Loan and Working Capital requirements of

Agriculture sector, Trade and Service sector, Large/Medium and Small Scale Industries sector,

Infrastructure sector etc. including taking care of their Export/Import and non-fund based needslike Letter of Credit, Bank Guarantee etc., we have a fairly large basket of loan products

specially designed to suit your personal needs. Salient features of some of the more attractive

Personal Loan Schemes are described below.

UCO Shelter UCO Car UCO Trader

Education Loan UCO Cash UCO Rent

UCO Mortgage

UCO Securities

UCO Real Estate

UCO Nari Shakti UCO Shopper UCO Pensioner

UCO Emd Loan UCO Swabhiman

Reverse Mortgage

Loan Scheme for

Senior Citizen

Interest Subsidy

Scheme for Housing

the Urban Poor

(ISHUP)
http://www.ucobank.com/loan.htm#SHhttp://www.ucobank.com/loan.htm#SHhttp://www.ucobank.com/loan.htm#UCOCARhttp://www.ucobank.com/loan.htm#UCOCARhttp://www.ucobank.com/loan.htm#UCOTRADERhttp://www.ucobank.com/loan.htm#UCOTRADERhttp://www.ucobank.com/loan.htm#EDUCATIONALLOANhttp://www.ucobank.com/loan.htm#EDUCATIONALLOANhttp://www.ucobank.com/loan.htm#UCOCASHhttp://www.ucobank.com/loan.htm#UCOCASHhttp://www.ucobank.com/loan.htm#UCORENThttp://www.ucobank.com/loan.htm#UCORENThttp://www.ucobank.com/loan.htm#UCOMORTGAGEhttp://www.ucobank.com/loan.htm#UCOMORTGAGEhttp://www.ucobank.com/loan.htm#UCOSECURITIEShttp://www.ucobank.com/loan.htm#UCOSECURITIEShttp://www.ucobank.com/loan.htm#UCOREALESTATEhttp://www.ucobank.com/loan.htm#UCOREALESTATEhttp://www.ucobank.com/loan.htm#UCONARISHAKTIhttp://www.ucobank.com/loan.htm#UCONARISHAKTIhttp://www.ucobank.com/loan.htm#UCOSHOPPERhttp://www.ucobank.com/loan.htm#UCOPENSIONERhttp://www.ucobank.com/loan.htm#UCOPENSIONERhttp://www.ucobank.com/loan.htm#UCOEMDhttp://www.ucobank.com/loan.htm#UCOEMDhttp://www.ucobank.com/loan.htm#SWABHIMANhttp://www.ucobank.com/loan.htm#SWABHIMANhttp://www.ucobank.com/loan.htm#SWABHIMANhttp://www.ucobank.com/loan.htm#SWABHIMANhttp://www.ucobank.com/loan.htm#SWABHIMANhttp://www.ucobank.com/loan.htm#SWABHIMANhttp://www.ucobank.com/loan.htm#SWABHIMANhttp://www.ucobank.com/loan.htm#ISHUPhttp://www.ucobank.com/loan.htm#ISHUPhttp://www.ucobank.com/loan.htm#ISHUPhttp://www.ucobank.com/loan.htm#ISHUPhttp://www.ucobank.com/loan.htm#ISHUPhttp://www.ucobank.com/loan.htm#ISHUPhttp://www.ucobank.com/loan.htm#ISHUPhttp://www.ucobank.com/loan.htm#ISHUPhttp://www.ucobank.com/loan.htm#ISHUPhttp://www.ucobank.com/loan.htm#SWABHIMANhttp://www.ucobank.com/loan.htm#SWABHIMANhttp://www.ucobank.com/loan.htm#SWABHIMANhttp://www.ucobank.com/loan.htm#SWABHIMANhttp://www.ucobank.com/loan.htm#UCOEMDhttp://www.ucobank.com/loan.htm#UCOPENSIONERhttp://www.ucobank.com/loan.htm#UCOSHOPPERhttp://www.ucobank.com/loan.htm#UCONARISHAKTIhttp://www.ucobank.com/loan.htm#UCOREALESTATEhttp://www.ucobank.com/loan.htm#UCOSECURITIEShttp://www.ucobank.com/loan.htm#UCOMORTGAGEhttp://www.ucobank.com/loan.htm#UCORENThttp://www.ucobank.com/loan.htm#UCOCASHhttp://www.ucobank.com/loan.htm#EDUCATIONALLOANhttp://www.ucobank.com/loan.htm#UCOTRADERhttp://www.ucobank.com/loan.htm#UCOCARhttp://www.ucobank.com/loan.htm#SH

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39232004-UCO-BANK