BANKING

A bank is a financial intermediary and appears in several related basic forms:

 a central bank issues money on behalf of a government, and regulates the

money supply
 a commercial bank accepts deposits and channels those deposits into
lending activities, either directly or through capital markets. A bank
connects customers with capital deficits to customers with capital surpluses
on the world's open financial markets.
 a savings bank, also known as a building society in Britain is only allowed
to borrow and save from members of a financial cooperative

Banks often start as microcredit or savings clubs which become formalized, first
as credit unions and later savings banks which transform themselves from
cooperatives to limited liability companies. A fuller description of these forms
appears below.

Banking is generally a highly regulated industry, and government restrictions on

financial activities by banks have varied over time and location. The current set
of global bank capital standards are called Basel II. In some countries such as
Germany, banks have historically owned major stakes in industrial corporations
while in other countries such as the United States banks are prohibited from
owning non-financial companies. In Japan, banks are usually the nexus of a
cross-share holding entity known as the keiretsu. In Iceland banks had very light
regulation prior to the 2008 collapse.

The oldest bank still in existence is Monte dei Paschi di Siena, headquartered in
Siena, Italy, and has been operating continuously since 1472
HISTORY
Banking in the modern sense of the word can be traced to medieval and early
Renaissance Italy, to the rich cities in the north like Florence, Venice and Genoa.
The Bardi and Peruzzi families dominated banking in 14th century Florence,
establishing branches in many other parts of Europe. Perhaps the most famous
Italian bank was the Medici bank, set up by Giovanni Medici in 1397. The
earliest known state deposit bank, Banco di San Giorgio (Bank of St. George),
was founded in 1407 at Genoa, Italy.

Banks can be traced back to ancient times even before money when temples were
used to store commodities. During the 3rd century AD, banks in Persia and other
territories in the Persian Sassanid Empire issued letters of credit known as Ṣakks.
Muslim traders are known to have used the cheque or ṣakk system since the time
of Harun al-Rashid (9th century) of the Abbasid Caliphate. In the 9th century, a
Muslim businessman could cash an early form of the cheque in China drawn on
sources in Baghdad, a tradition that was significantly strengthened in the 13th
and 14th centuries, during the Mongol Empire.

Fragments found in the Cairo Geniza indicate that in the 12th century cheques
remarkably similar to our own were in use, only smaller to save costs on the
paper. They contain a sum to be paid and then the order "May so and so pay the
bearer such and such an amount". The date and name of the issuer are also
apparent.
Origin of the word
The word bank was borrowed in Middle English from Middle French banque,
from Old Italian banca, from Old High German banc, bank "bench, counter".
Benches were used as desks or exchange counters during the Renaissance by
Florentine bankers, who used to make their transactions atop desks covered by
green tablecloths.

The earliest evidence of money-changing activity is depicted on a silver Greek

drachm coin from ancient Hellenic colony Trapezus on the Black Sea, modern
Trabzon, c. 350–325 BC, presented in the British Museum in London. The coin
shows a banker's table (trapeza) laden with coins, a pun on the name of the city.
In fact, even today in Modern Greek the word Trapeza means both a table and a
bank.

Definition
The definition of a bank varies from country to country. Under English common law, a
banker is defined as a person who carries on the business of banking, which is
specified as:

 conducting current accounts for his customers

 paying cheques drawn on him, and

 collecting cheques for his customers.

SERVICES PROVIDED BANKS
Banks act as payment agents by conducting checking or current accounts for
customers, paying cheques drawn by customers on the bank, and collecting
cheques deposited to customers' current accounts. Banks also enable customer
payments via other payment methods such as telegraphic transfer, EFTPOS, and
ATM.

Banks borrow money by accepting funds deposited on current accounts, by

accepting term deposits, and by issuing debt securities such as banknotes and
bonds. Banks lend money by making advances to customers on current
accounts, by making installment loans, and by investing in marketable debt
securities and other forms of money lending.

Banks provide almost all payment services, and a bank account is considered
indispensable by most businesses, individuals and governments. Non-banks that
provide payment services such as remittance companies are not normally
considered an adequate substitute for having a bank account.

Banks borrow most funds from households and non-financial businesses, and
lend most funds to households and non-financial businesses, but non-bank
lenders provide a significant and in many cases adequate substitute for bank
loans, and money market funds, cash management trusts and other non-bank
financial institutions in many cases provide an adequate substitute to banks for
lending savings too.
Channels
Banks offer many different channels to access their banking and other services:

ATM is a machine that dispenses cash and sometimes takes deposits without
the need for a human bank teller. Some ATMs provide additional services.

A branch is a retail location

Call center

Mail: most banks accept check deposits via mail and use mail to communicate to
their customers, e.g. by sending out statements

Mobile banking is a method of using one's mobile phone to conduct banking

transactions

Online banking is a term used for performing transactions, payments etc. over
the Internet

Relationship Managers, mostly for private banking or business banking, often

visiting customers at their homes or businesses

Telephone banking is a service which allows its customers to perform

transactions over the telephone without speaking to a human

Video banking is a term used for performing banking transactions or

professional banking consultations via a remote video and audio connection.
Video banking can be performed via purpose built banking transaction machines
(similar to an Automated teller machine), or via a videoconference enabled bank
branch.
Growth of Banking and Development in India
The world’s second largest populated country, India, is the apple of the
eye for the world now. The world economies are seeing it as their
potential market. This has been going on since quite some time now, ever
since 1991 reforms of liberalization, globalization and privatization. Indian
markets in urban areas have grown appreciably and are on the verge of
saturation, so corporates have started tapping rural markets, since more
than 60 per cent of India’s population lives in rural areas.

During this global meltdown and fall of exports, if the Fast Moving
Consumer Goods (FMCG) sector has been able to show rising quarterly
growths, it is because of the Rural Markets and their rising spending
power, which have not been affected by this meltdown. If we look at the
strategies followed by Rural Marketers in the FMCG sector, it is to sell
many small sachets of Rs. 2 shampoo pouches, Rs. 5 Maggi packs and
the Rs. 5 chota Pepsi, because here, the strength lies in volume sale,
considering the large consumer base in these rural markets which won’t
spend altogether at once on buying large family packs of 500ml shampoo
or super saver packs of Maggi or a Pepsi pet bottle of 2 litres.

India has been considerably shielded from the global recession. Firstly,
we are not very dependent on the exports for our GDP and have a good
consumer base in India. Secondly, we are a saving prone economy,
unlike western economies which are consumption prone. Thirdly, when
banks across the world are falling like a pyramid of playing cards; we are
safe, steady and strong, with our banks which have acted like a strong
backbone of our economy during present turmoil. And just like thr FMCG
sector, there is tremendous growth potential in the banking sector,
because firstly, the rural masses have the habit of saving and spending
only when needed. Secondly, their small credit requirements for
agriculture, cottage industry and marriages etc.
 

According to researches carried out by the Reserve Bank of India (RBI),

on an all India basis, 59 per cent of the adult population in the country
has bank accounts and 41 per cent don’t. In rural areas, the coverage of
banks is 39 per cent, against 60 per cent in urban areas. There is only
one bank for a population of13000.

But the problem is that banks have not been able to reach a vast majority
of the rural population; the rural poor have limited access to organized,
affordable and transparent financial services such as savings, loans,
remittances and insurance services etc. It is important for them to have
access to banking services, especially credit and insurance, to enlarge
livelihood opportunities and to empower themselves to take charge of
their lives.

The unorganized sector of lending is believed to be acting as a problem to

the growth impetus in these sectors. In several villages, farmers still go
to traditional money lenders like zamindars for meager sums of a few
hundred or thousand rupees and get into debt trap for their whole lives.
As a result, farmer suicides, bonded labor, naxalism and political and
social unrest and on top of it, poor financial management, which if had
been done smartly would have helped in economic growth of their own
self and economy.

An improved rural banking under the umbrella of the RBI by the means of
mobile banking, self help groups and microfinance institutions is
important. The effective use of development communication, using
Information and Communication Technology (ICT) will help to create
awareness for financial inclusion through banks and make it a success.

 
Here, it is important to use technology as an enabler via mobile banking,
because large numbers of Indians are using mobile phones. Using mobile
phones for banking operations will cut costs by branchless banking, as
there is no need for physical infrastructure and human resources, which
is a problem in rural areas and a major constraint in carrying out banking
operations. It will also make it convenient, safe, reliable and transparent.

 
TYPES OF BANKS
Banks come with a variety of names, and one bank can function
as several different types of banks. Some of the most common
types of banks are:

 Retail banks
 Commercial banks
 Investment banks
 Central banks
 Credit unions
 Online banks
 Savings and loans

RETAIL BANKS
A retail bank is a bank that works with consumers, otherwise known as
'retail customers'.

Retail banks provide basic banking services to the general public,

including:

 Checking and savings accounts

 CDs
 Safe deposit boxes
 Mortgages and second mortgages
 Auto loans
 Unsecured and revolving loans such as credit cards

Retail banks are the banks you most often see in cities on crowded
intersections, the ones you probably use for your personal checking
account.

In addition to helping consumers, retail banks often serve businesses as

well - so they can also serve as commercial banks
COMMERCIAL BANKS
A commercial bank is a bank that works with businesses.

Commercial banks handle banking needs for large and small businesses,
including:

Basic accounts such as savings and checking

Lending money for real and capital purchases

Lines of credit

Letters of credit

Lockbox services

Payment and transaction processing

Foreign exchange

Commercial banks often function as retail banks as well, serving

individuals along with businesses.

Businesses have unique needs that consumers don’t have. For example,
some businesses need a commercial bank that can accommodate a large
volume of credit card payments and cash deposits.

INVESTMENT BANKS

Investment banks help organizations use investment markets.

For example, when a company wants to raise money by issuing stocks or

bonds, an investment bank helps them through the process. Investment
banks also consult on mergers and acquisitions, among other things.
Investment banks primarily work in the investment marketks and do not
take customer deposits. However, some large investment banks also
serve as commercial banks are retail banks.

CENTRAL BANKS
A central bank is an organization responsible for managing banking
activity. Within the USA the central bank is the Federal Reserve, or 'the
Fed'. Other countries have central banks as well. Their roles are similar, but
they may have different objectives.

In the US, the central bank has three primary goals:

 Conduct monetary policy

 Supervise and regulate financial firms
 Provide financial services

Most consumers do not interact with the central bank. Instead, large
financial firms generally work with the central bank in the background

CREDIT UNIONS

A credit union is an institution owned by the “members” or customers.

Contrast this with banks where the customers are just customers.
Banks answer to profitability – usually shareholders own a bank and
expect financial performance from bank management.

Credit unions are nonprofit organizations that strive for service over
profitability. Note that I said that credit unions are nonprofits, however
they are not charities. Credit unions must make sound financial
decisions.
ONLINE BANKS

Online banks are banks that you primarily (or exclusively) use on the Internet. Online

banks allow you to have more choice and flexibility. You can do things on a computer,

and you often get more competitive rates from online banks. They claim that they do not

have the overhead and expenses associated with brick-and-mortar banks, so they can

pass the savings on to you.

Online banks allow you to do everything online, including

Open accounts

Fund accounts

Transfer money between accounts

Use online bill pay services

Buy CDs

Get loans

Access overdraft lines of credit

SAVING AND LOANS

 Savings and Loans (S&L's) are specialized banks created to promote affordable homeownership. After World

War II, the government helped build the Savings and Loans industry by insuring deposits on savings accounts.

This encouraged people to save their money, despite federally-regulated low interest rates. These funds were

used by Savings and Loans to

lend through 30-year mortgages. Despite higher interest rates, the length of the loans allowed homeowners to

afford the monthly payment.

CONSOLIDATION OF BANKS 
It is inevitable! In the Indian banking scenario, consolidation is the next step for
evolution.
A look at the international scene suggests that, size does matter. To put things in
perspective; State Bank of India [ Get Quote ] is three times the size of Bank of
America (BoA). SBI is reaching 90 to 100 million customers while BoA has 30 million
customers.

But if you look at assets, BoA has more than a trillion dollar of assets as against
SBI's asset size of Rs 4,000 billion. That gives BoA the muscle to cut costs and
amplify earnings.
The statistics for total loans to GDP ratio also draws a sorry picture of the Indian
banking industry.

As net interest margins get thinner, the need for more sophisticated products and
low-cost technology is felt. The only answer to this is to create synergies by
consolidating with complimenting entities

To trigger the next phase of consolidation in the banking sector, the Reserve Bank of
India is expected to draw a fresh set of guidelines later this month. It is believed that
the new draft guidelines will encourage foreign banks to acquire stakes in Indian
banks.
The government has clearly indicated that more capital from private and foreign
banks is needed to make the banking sector robust.
There are several foreign banks, which are yet to start their operations in India and
are looking at strategic alliances to make their presence felt in India.

There are 29 private banks in the country. Of these, around 15 are envisaging to
raise resources in the near future. Once the government comes out with clear
guidelines, these banks will either go in for IPOs, seek strategic alliances or
placements with private equity funds.

It is also expected that most of the profitable private sector banks will fall prey to a
takeover bids by their brawny counterparts.
FUTURE OF BANKING IN INDIA

A healthy banking system is essential for any economy striving to

achieve good growth and yet remain stable in an increasingly global
business environment. The Indian banking system has witnessed a
series of reforms in the past, like deregulation of interest rates,
dilution of government stake in PSBs, and increased participation of
private sector banks. It has also undergone rapid changes, reflecting
a number of underlying developments. This trend has created new
competitive threats as well as new opportunities. This paper aims to
foresee major future banking trends, based on these past and
current movements in the market.

Given the competitive market, banking will (and to a great extent

already has) become a process of choice and convenience. The
future of banking would be in terms of integration. This is already
becoming a reality with new-age banks such as YES Bank, and
others too adopting a single-PIN. Geography will no longer be an
inhibitor. Technology will prove to be the differentiator in the short-
term but the dynamic environment will soon lead to its saturation
and what will ultimately be the key to success will be a better
relationship management.
 Uco bank
History of uco bank

UCO Bank is a commercial bank established in 1943. The idea to establish the bank
was first conceived by G.D. Birla, the famous industrialist, after the historic 'Quit
India Movement' in 1942. The idea was culminated on the 6th of January 1943,
when The United Commercial Bank Ltd. was born with its Registered and Head
Office at Kolkata. A commercial bank and a Government of India Undertaking, it
comprises of government representatives as well as renowned professionals like
accountants, management experts, economists, businessmen, and so on, in its
Board of Directors. United Commercial Bank has stretched out to of all segments of
the economy - be it agriculture, industry, trade and commerce, services or
infrastructure.

Along with 13 other major commercial banks of India,

United Commercial Bank was nationalized on 19th July, 1969, by the Government of
India. Thereafter the Bank expanded rapidly. To keep pace with the developing
scenario and expansion of business, the Bank undertook an exercise in
organizational restructuring in the year 1972. Under the act of Indian Parliament, in
1985, its name changed from United Commercial Bank to the present name, UCO
Bank.

As of 2005, the bank has 2000 Service Units spread all

over India. A distinctive feature of UCO bank is its introduction of 'NO HOLIDAY'
branches. These bank branches work on all the 365 days of a year. With the age of
global banking, UCO bank has also changed to be adept with the newest
technology, boasting of specialized computerized branches in both India and
overseas.
Founded in 1943, UCO Bank is 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 Kaul

Chairman &
Managing Director

Shri Ajai Kumar

Executive Director

Shri N. R.
Badrinarayanan
Executive Director

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 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.

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!
BranchesATMServices
Headquartered in Kolkata, UCO Bank has about 35 Regional Offices spread all
over India. Overseas, it has two branches in Singapore and Hong Kong. UCO
bank has a total of 414 ATMs across the states of Andhra Pradesh, Assam,
Bihar, Chattisgarh, Chandigarh, Goa Gujarat, Haryana, Himachal Pradesh,
Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Meghalaya,
Nagaland, New Delhi, Orissa, Pondicherry, Punjab, Rajasthan, Sikkim, Tamil
Nadu, Tripura, Uttar Pradesh and West Bengal.

Products & Services

• NRI Banking

• Foreign Currency Loans

• Finance/Services to Exporters

• Finance/Services to Importers

• Remittances

• Forex & Treasury Services

• Resident Foreign Currency (Domestic) Deposits

• Correspondent Banking Services

• General Banking Services

25. FUTURE STRATEGIES

26. The Bank looks to the future with confidence with clear-cut strategies in
place. During the year ahead we shall focus on low cost deposits, ensure
better asset quality, leverage technology to the maximum to serve customers
better and keep a focused vigil on NPA. The goal is to maximize profits &
strengthen our balance sheet in our pursuit to become one of the top 5 banks
in the country.

Seeking to expand its presence in overseas markets, state owned-UCO Bank

plans to open more branches in the South East Asian region, a top bank official
said.

"Currently, we are looking at expansion overseas... There are opportunities in

South East Asia... Mozambique, Bangladesh, Nepal. Wherever we can open a
branch with less capital (in this region), we will open," UCO Bank Chairman
and Managing Director Arun Kaul told PTI here.

He said the Kolkata-headquartered bank was yet to approach the Reserve

Bank for expanding its overseas operations. "We just conducted a feasibility
study," he said.
Currently, UCO Bank has four branches in Singapore and Malaysia and a
representative office in Beijing, China.

Besides the overseas expansion, the bank also plans to increase its presence in
the country over the next two years.

"We are present in 2,177 locations and have 600 ATMs. We want to have
3,000 branches and 3,000 ATMs in the country by March, 2013," Kaul, who
was here yesterday, said.

"As of now we have a subscriber base of over 1.5 crore. We want to leverage
that and if we increase our presence we will be able to add more
customers...," he said.
RESearch METHOdology
Scope of the study
Period of the study
Research objective
Data collection methods
Scope of the study
The project entitled “A Study on the performance evaluation of uco bank
financial analysis” will enable from the investors point of view to refer the
performance of the Banks, their relative growth and thereby decide on to
buy or sell the particular slab. This study will also help to identify the
bank that is lagging behind in its performance

Period of the study

For the purpose of the study 5 years period starting from the financial
year mar 2006to march 2010 in considered. The year 2006-2010 is
chosen as a terminal year since only upto this period reliable time series
data were available for the variables dealt in the study.

Research objective
Every task is undertaken with an objective. Without any objective a task is
rendered meaningless.

 The main objective of this study was to know about history of uco bank,
their management level, their products and services, their shareholding pattern,
their customer care services and also know about their financial performance. In
short to know in detail about

 uco bank.

 To know the strategies of uco bank

 To identify areas where uco bank an edge over other banks.

Data collection methods

Research methodology is considered as the nerve of the project.

Without a proper well-organized research plan, it is impossible
to complete the project and reach to any conclusion. The project
was based on the survey plan. The main objective of survey was to
collect appropriate data, which work as a base for drawing conclusion and
getting result.

Therefore, research methodology is the way to systematically solve the

research problem. Research methodology not only talks of the methods
but also logic behind the methods used in the context of a research
study and it explains why a particular method has been used in the
preference of the other methods
.

SOURCES OF DATA

Primary Source of Data

“Primary data are those collected by the investigator himself for the first
time and thus they are original in character, they are collected for a
particular purpose.”

Secondary Source of Data

“Secondary data are those, which have already been collected by some
other persons for their purpose and published. Secondary data are
usually in the shape of finished products.”

Secondary data is used for the preparation of the project work.

Company Records
Uco bank records like annual reports, profit & loss statement, ratios
cashflow statement of previous five years etc. has given valuable
information for the present study.

Internet
Uco bank related and topic related websites also provided significant
contribution in data collection.
FINANCIAL STATEMENT OF BANK

FINANCIAL ANALYSIS
FINANCIAL STATEMENT OF BANK

BALANCE SHEET OF UCO BANK OF FIVE YEARS(2006-10)

Balance Sheet of UCO Bank ------------------- in Rs. Cr. -------------------

Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Capital and Liabilities:

Total Share Capital 799.36 799.36 799.36 1,249.36 1,699.36
Equity Share Capital 799.36 799.36 799.36 549.36 549.36
Share Application Money 0.00 0.00 0.00 0.00 0.00
Preference Share Capital 0.00 0.00 0.00 700.00 1,150.00
Reserves 1,187.77 1,411.88 1,685.17 2,245.71 3,062.13
Revaluation Reserves 475.40 450.84 441.79 461.98 449.06
Net Worth 2,462.53 2,662.08 2,926.32 3,957.05 5,210.55
54,543.7
Deposits 64,860.01 79,908.94 100,221.57 122,415.55
3
Borrowings 1,352.79 2,465.86 1,715.95 2,062.42 6,263.84
55,896.5
Total Debt 67,325.87 81,624.89 102,283.99 128,679.39
2
Other Liabilities & Provisions 3,480.35 4,875.94 5,243.73 5,423.14 3,429.56
61,839.4
Total Liabilities 74,863.89 89,794.94 111,664.18 137,319.50
0
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Assets
Cash & Balances with RBI 2,032.15 3,794.27 5,702.72 6,588.85 7,242.73
Balance with Banks, Money at Call 1,311.08 2,420.26 2,400.80 4,264.59 861.60
37,377.5
Advances 46,988.91 55,081.89 68,803.86 82,504.53
8
19,636.3
Investments 19,524.87 24,249.63 29,384.78 43,521.43
1
Gross Block 987.36 1,115.89 1,211.73 1,339.17 1,401.25
Accumulated Depreciation 378.92 449.19 527.39 620.59 691.40
Net Block 608.44 666.70 684.34 718.58 709.85
Capital Work In Progress 0.00 0.00 0.00 0.28 0.18
Other Assets 873.84 1,468.88 1,675.55 1,903.22 2,479.15
61,839.4
Total Assets 74,863.89 89,794.93 111,664.16 137,319.47
0

12,849.2
Contingent Liabilities 17,499.93 24,507.59 45,276.80 31,810.93
0
Bills for collection 5,076.31 3,704.70 5,894.71 6,031.97 8,321.86
Book Value (Rs) 24.86 27.66 31.08 50.88 65.74
PROFIT AND LOSS A/C OF UCO BANK OF FIVE YEARS(2006-1O)

Profit & Loss account of UCO Bank ------------------- in Rs. Cr. -------------------

Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Income
Interest Earned 4,354.59 5,317.84 6,508.56 8,121.38 9,526.32
Other Income 463.73 550.43 772.13 1,019.89 965.93
Total Income 4,818.32 5,868.27 7,280.69 9,141.27 10,492.25
Expenditure
Interest expended 2,788.84 3,623.16 5,020.81 6,476.68 7,202.20
Employee Cost 879.94 833.13 894.54 997.54 1,057.62
Selling and Admin Expenses 325.30 454.93 561.89 489.48 612.22
Depreciation 43.03 60.56 69.87 83.61 74.19
Miscellaneous Expenses 584.56 580.40 321.41 536.25 533.85
Preoperative Exp Capitalised 0.00 0.00 0.00 0.00 0.00
Operating Expenses 1,358.64 1,482.82 1,675.99 1,731.40 1,938.23
Provisions & Contingencies 474.19 446.20 171.72 375.48 339.65
Total Expenses 4,621.67 5,552.18 6,868.52 8,583.56 9,480.08
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Net Profit for the Year 196.65 316.10 412.16 557.72 1,012.19
Extraordionary Items 0.00 0.00 0.00 0.00 0.00
Profit brought forward 153.26 286.12 405.27 600.23 804.80
Total 349.91 602.22 817.43 1,157.95 1,816.99
Preference Dividend 0.00 0.00 0.00 0.00 0.00
Equity Dividend 0.00 79.94 79.94 60.22 127.03
Corporate Dividend Tax 0.00 11.21 13.59 10.23 21.59
Per share data (annualised)
Earning Per Share (Rs) 2.46 3.95 5.16 10.15 18.42
Equity Dividend (%) 0.00 10.00 10.00 10.00 15.00
Book Value (Rs) 24.86 27.66 31.08 50.88 65.74
Appropriations
Transfer to Statutory Reserves 59.74 105.80 123.67 282.69 318.26
Transfer to Other Reserves 4.06 0.00 -0.01 0.00 1.13
Proposed Dividend/Transfer to Govt 0.00 91.15 93.53 70.45 148.62
Balance c/f to Balance Sheet 286.12 405.27 600.23 804.80 1,348.98
Total 349.92 602.22 817.42 1,157.94 1,816.99
CASH FLOW OF UCO BANK

Cash Flow of UCO Bank ------------------- in Rs. Cr. -------------------

Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Net Profit Before Tax 212.57 358.50 470.02 570.35 1049.19

Net Cash From Operating Activities -3819.05 2415.01 2038.00 2500.57 -4061.20
Net Cash (used in)/from
-28.90 -66.34 -74.23 -59.65 -44.40
Investing Activities
Net Cash (used in)/from Financing Activities 671.37 533.06 -39.99 235.21 1406.69
Net (decrease)/increase In Cash and Cash
-3171.12 2871.31 1888.99 2749.92 -2749.11
Equivalents
Opening Cash & Cash Equivalents 6514.35 3343.23 6214.53 8103.52 10853.45
Closing Cash & Cash Equivalents 3343.23 6214.53 8103.52 10853.45 8104.33