Uco Bank · NSE:UCOBANK
Uco Bank — Q2 FY2023-24 Earnings Presentation
56 slides from Uco Bank's earnings presentation, Nov 3, 2023
Slide 1: Cover letter to stock exchanges
यूको बैंक UCO BANK सम्मान आपके विश्वास का Honours Your Trust HO/Finance/Share/140/2023-24 Date: 03.11.2023 National Stock Exchange of India Ltd. BSE Limited “Exchange Plaza” Phiroze Jeejeebhoy Towers Plot no. C/1, G Block Dalal Street,Fort, Bandra-Kurla C Mumbai – 400 001 omplex, Bandra (E) BSE Scri
Slide 2: Financial Results: September 2023 (Q2 / HY 2023-24)
UCO BANK Financial Results: September 2023 (Q2 / HY 2023-24) Connect with us @ official.ucobank:
Slide 3: Contents
Contents Highlights: Sep Q2 / HY 2023-24 Business Performance Financials Asset Quality Capital & Shareholding Business Network Digital Journey ESG Initiative Awards & Achievements Page 2
Slide 4: Highlights: Sep Q2 / HY 2023-24
Highlights: Sep Q2 / HY 2023-24 Page 3
Slide 5: Major Highlights
Major Highlights Business Deposit Savings Current CASA Share CD Ratio (Domestic) (Domestic) (Domestic) ₹417145 Cr. ₹249411 Cr. 67.25% ₹83254 Cr. ₹10121 Cr. 38.28% 10.56% (Y-Y) 6.07% (Y-Y) 680 bps (Y-Y) 5.47% (Y-Y) 12.64% (Y-Y) 129 bps (Y-Y) Business Advance Agriculture MSME Home Loan Vehicle Loan Re
Slide 6: Business Performance
ata (veo pan = C2E Brantieen =) Business Performance Page 5
Slide 7: Business
Business ₹ in (Cr) Business Mix Sep-22 Jun-23 Sep-23 Q-Q (%) Y-O-Y (%) Global Business 377305 413972 417145 0.77 10.56 Domestic 351411 380371 386910 1.72 10.10 Overseas 25894 33601 30235 (10.02) 16.76 Global Deposits 235149 249694 249411 (0.11) 6.07 Domestic 228730 240567 243957 1.41 6.66 Overseas 6
Slide 8: Global Deposits
Global Deposits ₹ in (Cr) Savings Current Growth (%) Particulars Sep-22 Jun-23 Sep-23 78933 81814 83254 Q-Q Y-Y 1. Domestic Deposits 228730 240567 243957 1.41 6.66 a) Current Deposits 11586 9833 10121 2.93 (12.64) 11586 10121 9833 b) Saving Deposits 78933 81814 83254 1.76 5.47 Sep-22 Jun-23 Sep-23 i
Slide 9: Domestic Advances
Domestic Advances Q-o-Q Y-O-Y ₹ in (Cr) Sep-22 Jun-23 Sep-23 (%) (%) 37.59% 38.52% 37.01% 1. Domestic Advances 122680 139804 142953 2.25 16.53 Corporate & Others a) Retail 31055 35280 36362 3.07 17.09 20.71% 20.73% 21.47% MSME b) Agriculture 20105 21690 22985 5.97 14.32 Agri c) MSME 25406 28982 3069
Slide 10: Retail Mix
Retail Mix Sep-22 Growth Growth Home Loan Vehicle Loan Personal Loan Others Particulars Sep-22 Jun-23 Sep-23 (Q-Q) % (Y-Y) % Home Loan 17623 20315 21366 4.92 21.24 34% Vehicle Loan 1968 2373 2509 5.42 27.49 57% 3% Personal Loan 1035 1598 1604 0.37 54.98 6% Others 10429 10994 10883 (1.02) 4.35 Total
Slide 11: Agriculture
Agriculture Q-O-Q Y-O-Y Agriculture Sep-22 Jun-23 Sep-23 (%) (%) 1. Crop Loans 9699 9628 9756 1.33 0.59 2. Investment Credit 3870 4625 5245 13.41 35.53 3. Agri. Allied 4125 4441 5032 13.31 21.99 4. Infrastructure & Ancillary 2411 2996 2952 (1.44) 22.48 5. Total (1+2+3+4) 20105 21690 22985 5.98 14.33
Slide 12: MSME Portfolio Mix
MSME Portfolio Mix 25406 28982 30699 Performance under PMMY 18424 19387 ₹ in Cr. HY 22 HY 23 16081 Micro Small Amount Sanctioned 1807 2193 Medium Amount Disbursed 1790 2160 8674 9875 10566 As on PM SVANidhi 30.09.2023 651 Application Sanctioned (Nos.) 128489 683 746 Disbursed out of Sanctioned 12074
Slide 13: Priority Sector Advances
Priority Sector Advances ₹ in (Cr) Mandatory Achievement Segment RBI Benchmark (%) Target Achievement (%) Sep-23 Sep-23 Priority Sector 40% 53851 73170 54.35% Agriculture 18% 24233 25705 19.09% Small/Marginal Farmer 10% 13463 15037 11.17% Weaker Section 12% 16155 18534 13.77% Micro Under MSME 7.5% 1
Slide 14: Financial Inclusion Growth
Financial Inclusion Growth PMSBY (In Lakhs) PMJJBY (In Lakhs) APY Accounts ( In Lakhs) 42.74 % 46.80 % State Level Bankers Committee 52.76 % 22.61 49.74 20.87 9.63 8.88 (SLBC) – 2 (Odisha & Himachal 43.00 15.84 32.56 6.56 Pradesh) Lead District Manager (LDM) – 35 Rural Self Employment Training
Slide 15: Sectoral Credit – Domestic Advances
Sectoral Credit–Domestic Advances Sector (₹ in Cr.) % share to % share to % share to 30.09.2022 Advances 30.06.2023 Advances 30.09.2023 Advances Infrastructure 12274 10.00 14340 10.26 13701 9.58 Of which Power & Energy 7457 6.08 9143 6.54 7926 5.54 Port and Road Project 2604 2.12 3344 2.39 3738 2.61
Slide 16: Standard NBFC Advances
Standard NBFC Advances Standard NBFC (₹ in Cr.) 30.09.2022 % 30.06.2023 % 30.09.2023 % NBFC - PSUs 3700 22.05 4000 19.15 5550 24.91 NBFC - HFCs 5342 31.85 8036 38.45 6463 29.01 NBFC - MFIs 1026 6.12 870 4.16 770 3.46 NBFC - Others 6706 39.98 7992 38.24 9495 42.62 Total 16774 100 20898 100 22278 100
Slide 17: Rating Mix (of advances above ₹25 Cr)
Rating Mix (of advances above ₹25 Cr) Advance Mix of Benchmark Rate Rating Grade (₹ in (Cr) Sep-22 % Share Jun-23 % Share Sep-23 % Share 0.11% 0.06% 0.06% AAA 16870 31.54 23150 36.44 24079 36.66 1.70% 1.10% 1.00% AA 7833 14.64 10058 15.83 11620 17.69 13.92% 15.48% 20.51% A 10643 19.90 10677 16.81 11
Slide 18: Investment Portfolio
Investment Portfolio Sl. Parameters (₹ in Cr) Sep-22 Jun-23 Sep-23 1 Domestic Investment 98320 93213 94691 a SLR 69703 65838 67628 SLR as % to Dom. Investment 70.89 70.63 71.42 b Non SLR 28617 27375 27063 I Held To Maturity (HTM) 73817 76082 76043 II Available For Sale (AFS) 24503 16954 18648 III He
Slide 19: Non SLR Investment
Non SLR Investment Sep-22 Jun-23 Sep-23 Sl. Parameters O/S % Share O/S % Share O/S % Share 1 PSU Bonds 648 2.26 616 2.25 585 2.16 Corporate and Other Bonds & 2 1382 4.83 2061 7.53 2009 7.42 Debentures 3 Special Govt. Sec excl. Recap Bonds 4666 16.30 3706 13.54 3706 13.71 4 CG Recap. Bond 18410 64.33
Slide 20: Financials
war ae (co BANK = C2 Brantieen = e e Ce1— Financials Page 19
Slide 21: Profitability
Profitability Year Quarter Ended Growth Half Year ended Growth Ended Sl. Parameters ( ₹ in Cr.) Y-O-Y Q-O-Q Y-O-Y Sep-22 Jun-23 Sep-23 Sep-22 Sep-23 FY 22-23 (%) (%) (%) 1 Interest Income 4185 5224 5219 24.71 (0.10) 8036 10443 29.95 17651 2 Interest Expenses 2415 3215 3302 36.72 2.71 4617 6517 41.17
Slide 22: Net Interest Income
Net Interest Income Growth Year Quarter Ended Growth Half Year ended Ended Sl. Particulars ( ₹ in Cr.) Y-O-Y Q-O-Q Y-O-Y Sep-22 Jun-23 Sep-23 Sep-22 Sep-23 FY 22-23 (%) (%) (%) 1. Interest Income 4185 5224 5219 24.71 (0.10) 8036 10443 29.95 17651 a. From Advances 2390 3314 3377 41.34 1.91 4531 6691
Slide 23: Non Interest Income
Non Interest Income Year Quarter Ended Growth Half Year ended Growth Ended Sl. Particulars ( ₹ in Cr.) Sep-22 Jun-23 Sep-23 Y-O-Y Q-O-Q Y-O-Y Sep-22 Sep-23 FY 22-23 (%) (%) (%) 1. Fee Based Income 209 234 300 43.76 28.41 470 534 13.75 1000 Charges & Commission from a. 71 92 97 36.62 5.43 205 189 (7.
Slide 24: Operating Expenses
Operating Expenses Year Quarter Ended Variation Half Year ended Growth Ended Sl. Particulars ( ₹ in Cr.) Y-O-Y Q-O-Q Y-O-Y Sep-22 Jun-23 Sep-23 Sep-22 Sep-23 FY 22-23 (%) (%) (%) 1 Salary 678 773 809 19.32 4.66 1321 1582 19.76 2717 2 Employee Benefits 268 255 253 (5.60) (0.78) 447 508 13.65 1156 Tot
Slide 25: Provision Details
Provision Details Year Quarter Ended Half Year ended Ended Sl. Particulars ( ₹ in Cr.) Sep-22 Jun-23 Sep-23 Sep-22 Sep-23 FY 22-23 1. NPA 400 389 336 668 725 1296 2. NPI 113 19 8 392 27 324 3. Standard Assets 20 163 (2) 26 161 59 4. Others (128) 285 - (433) 285 (244) 5. Income Tax (Including DTA) 28
Slide 26: Key Financial Indicators
Key Financial Indicators Quarter Ended Half Year ended Year Ended Particulars Sep-22 Jun-23 Sep-23 Sep-22 Sep-23 FY 22-23 Cost of Deposits (%) 3.95 4.61 4.77 3.86 4.69 4.06 Cost of Funds (%) 3.27 4.33 4.47 3.20 4.40 3.43 Cost to Income Ratio (%) 53.33 54.49 61.70 60.68 58.04 55.94 Yield on Advances
Slide 27: Key Financial Indicators (Qtr.)
Key Financial Indicators (Qtr.) Yield on Advance Global (%) Yield on Advance Domestic (%) Yield on Funds (%) 8.80 8.38 8.63 7.79 7.74 8.24 7.99 8.39 8.44 7.82 7.32 7.08 7.17 7.78 6.71 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Cost of Dep
Slide 28: Efficiency Ratio (Qtr.)
Efficiency Ratio (Qtr.) NIM Domestic ( %) NIM Global ( %) Return on Assets (%) 3.18 0.85 2.99 0.73 0.68 3.08 3.05 0.54 3.03 2.90 2.97 2.86 2.84 2.84 0.28 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Return on Equity (%) Book Value Per Share
Slide 29: Productivity Ratio
Productivity Ratio Business Per Branch ( ₹ in Cr.) Business Per Employee ( ₹ in Cr.) 130 19 19 19 129 128 126 18 121 17 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Net Profit Per Employee ( ₹ in Lakhs) Operating Profit per employee ( ₹ in Lakhs) 6.18 6.24 2.98 5.40 5.49 2.6
Slide 30: Balance Sheet
Balance Sheet ₹ in (Cr) CAPITAL & LIABILITIES 30.09.2022 31.03.2023 30.09.2023 Capital 11956 11956 11956 Reserves & Surplus 12408 13808 14465 Deposits 235149 249338 249411 Borrrowings 19575 20501 32857 Other Liabilities & Provisions 6257 5260 6722 Total 285345 300863 315411 ASSETS 30.09.2022 31.03.2
Slide 31: Asset quality
era (i uco BANK = C2 Brantieen ©) Asset quality Page 30
Slide 32: Asset Quality
Asset Quality Net NPA (%) Gross NPA % Gross NPA Net NPA ₹ in (Cr) 7.89 10237 7.42 9740 9359 6.58 8506 5.63 7726 7355 6939 4.78 4.48 4.14 2.70 2.49 3316 3104 1.99 2700 2407 1.66 1.29 2018 1877 1802 1.18 1.11 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Se
Slide 33: Asset Quality
Asset Quality ₹ in (Cr) ASSET CLASSIFICATION Item Sep-22 Jun-23 Sep-23 ₹ in (Cr) Gross NPA (₹ in Cr.) 9359 7355 6939 Item Sep-22 % Jun-23 % Sep-23 % Net NPA₹ in (₹ in Cr.) 2700 1877 1802 Standard 132797 93.42 156923 95.52 160795 95.86 Gross NPA (%) 6.58 4.48 4.14 Sub- 1459 1.03 1184 0.72 1314 0.78 N
Slide 34: Movement of NPA
Movement of NPA Year Quarter Ended Sl. Item (₹ in Cr) Ended Mar-23 Sep-22 Jun-23 Sep-23 Quarter Ended Fresh 1. Opening Balance 10237 9740 7726 7355 Addition (₹ in Cr) Sep-22 Jun-23 Sep-23 Less a. Cash Recovery 1354 386 169 185 Retail 80 89 70 b. Upgradation 678 176 104 137 Agriculture 152 91 178 c.
Slide 35: Segment NPA
Segment NPA ₹ in (Cr) Sl. Sector 30.09.2022 30.06.2023 30.09.2023 % to % to % to Gross Gross Gross Gross Gross Gross No respective respective respective Advances NPA Advances NPA Advances NPA portfolio portfolio portfolio 1 Retail Credit 31055 697 2.24 35280 550 1.56 36362 498 1.37 Of which a. Home
Slide 36: SMA & Restructured Advances
SMA & Restructured Advances ₹ in (Cr) SMA Position of the Bank (1 cr and above) Sep'22 Jun'23 Sep'23 Parameters % to Gross % to Gross % to Gross B/o (in Crs) B/o (in Crs) B/o (in Crs) Advances Advances Advances SMA 0 1124.23 0.79% 589.07 0.36% 579.78 0.35% SMA 1 352.80 0.25% 1761.37 1.07% 713.07 0.4
Slide 37: NCLT & NARCL
NCLT & NARCL Sep-2023 (₹ Cr.) 1st List 2nd List Others Total Exposure to number of accounts referred under IBC 9 16 197 222 NCLT Loan Outstanding 1410 3109 14330 18849 Total Provisions Held 1410 3109 14308 18827 Provision Percentage (%) 100% 100% 99.85% 99.88% Sep-22 Jun-23 Sep-23 Recovery From NCLT
Slide 38: Capital & Shareholding
Capital & Shareholding Page 37
Slide 39: Capital Adequacy
Capital Adequacy CET-I Tier- I Tier- II 14.02 16.85 16.83 Particulars Sep-22 Jun-23 Sep-23 2.77 2.70 2.64 Credit RWA 79448 85889 87901 Market RWA 9527 6995 7242 11.25 14.16 14.19 Operational RWA 164460 17523 17523 Total RWA 105436 110406 112666 11.25 13.70 13.74 Advances 142156 164278 167734 Credit
Slide 40: Share Holding & Ratings
Share Holding & Ratings Share Holding Pattern 30.09.2023 Basel III S.N Rating Agency AT-I Bonds Tier-II Bonds Rating Rating Others, 3.14 DIIs, 1.37 1 India Ratings - AA - /Stable 2 CARE Ratings - AA - /Stable 3 Acuite Ratings AA - /Stable AA/Stable FPIs, 0.10 4 Infomerics Ratings AA - /Stable - Govt
Slide 41: Business Network
era (i uco BANK = C2 Brantieen Business Network Page 40
Slide 42: Our Presence
Our Presence Domestic Overseas Branches ATM BCs Branches 2+1 3213 Rep. off. 2472 8747 South, 336 10.46% Central, 533 16.59% Metro, 599 North, 848 Rural, 1118 North East, 214 18.64% 6.66% 26.39% 34.80% Urban, 629 Semi urban, West, 307 East, 975 19.58% 867 9.55% 26.98% 30.34% Page 41
Slide 43: Associate
Associate Paschim Banga Gramin Bank As on 30.09.2023 (Audited) Amount (₹ in Cr) Sep-22 Jun-23 Sep-23 Q-o-Q Y-o-Y HY HY Y-o-Y FY Particulars Qtr. Qtr. Qtr. (%) (%) 22-23 23-24 (%) 22-23 Business 9837 10306 10617 3.02 7.93 9837 10617 7.93 10318 Deposit 6335 6556 6730 2.65 6.24 6335 6730 6.24 6570 Adva
Slide 44: Digital Journey
era (i uco BANK = C2 Brantieen Digital Journey Page 43
Slide 45: Digital Offerings
Digital Offerings UCO Travel Marketplace Tab Banking Merchant Solution (QR Code /Sound box) ICCW (UPI UPI 123 Pay Instant based Flight Bus Hotel QR code UPI through IVR Account Cash Generation transaction HELLO UPI Opening withdrawal) Digital Payment SNA/CNA System UPI Lite & Application UPI Global
Slide 46: Digital Offerings
Digital Offerings Digital Lending Revamped Mbanking app Digital Products 1 Pre Approved Personal Loan 1 Mahila Samman Saving Certificate 1 Enhanced User Interface 2 Pension Loan 2 NRE FD Accounts Scheme 2 Full UPI functionality integrated 3 Loan Against FDR 3 Conversational Payment (UPI 123) 3 App G
Slide 47: Digital Offerings
Digital Offerings UCO Corporate m-Banking App UPI Global Payments One of the best play Bulk Digital store ratings of 4.8 Banking Payment Unit MSME Suite features Bulk Fund Transfer Cheque Book Services Online Loan Against FD Account Tab QR code Generation Aggregator Banking Digital Deposit Linked Se
Slide 48: Digital Performance
Digital Performance Debit Cards (In Lakhs) Internet Banking (In Lakhs) 15.42 6.72 % 127 7.16 % 119 14.39 Sep-22 Sep-23 Sep-22 Sep-23 Retail Mobile Banking ( In Lakhs) Corporate Mobile Banking ( In Lakhs) 39.13 % 96 219.04 % 0.67 69 0.21 Sep-22 Sep-23 Sep-22 Sep-23 Page 47
Slide 49: Digital Transactions
Digital Transactions Mobile Banking No of Transactions (In Lakhs) Corporate Mobile Banking Transactions (In Lakhs) 259 10.20 12.12 % 219.75 % 231 3.19 Sep-22 Sep-23 Sep-22 Sep-23 UPI No of Transactions (In Lakhs) Digital Merchant QR (Sound Box) No of Transactions (in Lakhs) 71.45 % 5512 52.57 341.76
Slide 50: Social Media Presence
Social Media Presence @UCOBankOfficial 45,900 @official.ucobank @uco-bank 20,800 22,000 @official.ucobank @ucobank 50,995 36,800 @uco-bank 19,000 WhatsApp Banking Say Hi to 8334001234 Page 49
Slide 51: ESG Initiative
gies (Juco nam ee Brantieen ©90)) ESG Initiative Page 50
Slide 52: ESG Initiative
ESG Initiative Environmental Social Governance To enhance the eco-friendly banking, e- As a part of CSR, Bank contributed to Bank has established a cutting-edge banking credentials are being sent to Chief Minister Relief Fund, Himachal Cyber Security Operations Centre customer’s email instead
Slide 53: Awards & Achievements
Awards & Achievements Page 52
Slide 54: Awards & Achievements
Awards & Achievements Rajbhasha UCO Bank has secured 3rd Rank in Rajbhasha Kirti Purashkar Rupay Credit Card Launch of RuPAY Merchant Platinum Credit Card Page 53
Slide 55: Disclaimer
Disclaimer This presentation has been prepared solely for information purposes, without regard to any specific objectives, financial situations or informational needs of any particular person. Certain forward-looking statements in these slides involve a number of risks, uncertainties and other facto
Slide 56: Thank you
Thank you