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HISTORY:
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 N. R.
Badrinarayanan
Executive Director
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.
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 also operate in two Major International Financial Centres namely Hongkong and
Singapore.
Our Strengths
• Country-wide presence
• Branch representation in Top 100 Centres (as per deposits) in the country
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 N. R. Badrinarayanan
Executive Director
(Rs.in Lakhs)
Year
Particulars Quarter Ended
Ended
(c) Interest on balances with R.B.I & other inter-bank funds 4793 4960 19887
7. Operating Profit (Before Provisions and Contingencies) (3-6) 64559 31027 170563
9. Exceptional 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
a) Pledged/Encumbered
Number of Shares
b) Non-Encumbered
(Rs.in Lakhs)
PART : A BUSINESS
SEGMENT
No. Particulars
30.06.2010 30.06.2009 31.03.2010
(Reviewed) (Reviewed) (Audited)
1) Segment Revenue
2) Segment Results
3) Capital Employed
Domestic
i) Revenue 280664 251875 1026458
International
Global
NOTES
1. The financial results for the quarter ended 30.06.2010 have been subjected to limited
review 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 after
considering 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.
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 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.
Our Reply
6. During the quarter Government of India has subscribed to bank's Tier I Capital
instrument, 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. 33.99
crore) 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.
Period of operation
2. 9th August, 2010 to 15th November, 2010
of the Scheme
12. Tax Implications Tax would be deductible at source as per the prevailing
Income Tax rules.
14. Special benefits for Senior Deposits from these categories of depositors shall be
Citizen/ Staff / Ex- allowed incentive as per the existing norms. Accordingly,
Staff/Senior Citizen & Ex- the applicable rates for these categories of depositors
Staff 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.