Page 23 - Banking Finance December 2016

PRESS RELEASE

United Bank of India Financial Results Q2 (FY 16-17) and

Q1 (FY 16-17) November 07, 2016

Y Operating Profit uy by 33.43% Q-o-Q at Rs. 436.59 Profits
crore in Q3 FY 17 The Bank's Operating Profit stood at 436.59 crore in Q2, FY
Y Net Profit at Rs. 43.53 crore in Q2 FY 17 (against profit 17 versus Rs. 327.20 crore in Q1, FY 17 (up 33.43% Q-o-Q).
of Rs. 38.32 in Q1-17) Bank's Net Profit stands at Rs. 43.53 Crore against net profit
of Rs. 38.32 in Q1-17.
Y Other Income increased by 69.52% in Q2 FY 17 over the
previous quarter Income
Y CASA share 43.49% as on 30th September 2016 vis-à- Bank's Total Income (NII) increases to Rs. 28.93 crores in
vis 43.03% as on 30th June 2016 Q2 FY 17 showing an increase of 2.62% over the previous

Y NIM at 1.27% for Q2 of FY 17 quarter.
Y ROAA (annualized at 0.13% for Q2 of FY 17 Expenses
Y ROE (annualized) at 3.00% During Q2 FY 17, the Bank's Interest Expended (at Rs.
Y CRAR (Basel III) at 10.88% with Tier 1 at 8.75% as on 1855.71 crore) posted a reduction of 1.49 (Q-o-Q) due to
30th September, 2016 the Bank's strict monitoring of funding costs coupled with
declining interest rate scenario.
Y Gross NPA at Rs. 11134.47 crore
Provisions
United Bank of India has announced its reviewed financial "Provisions and Contingencies" of the Bank for the quarter
results for the second quarter (Q2) of FY 2016-17 was at Rs. 393.06 crore during Q2 FY17. Provision against
following the approval of its Board of Directors on Novem- non performing loans and advances has gone up from Rs.
ber 07,2016.
287.02 crore as on June '16 to Rs. 469.41 crore as on Sep-
Results at a Glance tember '16.
(Rs./Crore) Business Expansion
Quarterly Results Yearly While the deposits grew by Rs. 1073 crore (0.92%) with
Change CASA growing from Rs. 50273 crore to Rs. 51269 crore
Q2-FY 17 Q10FY 17 (%) FY 16 (1.98%) Q-o-Q, advances saw a decline of Rs. 2310 crore
Total Income 2893.31 2819.37 2.62 11404.20 (3.26%) on account of robust recovery measures.
Interest Income 2232.11 2429.33 -8.12 9936.67 Asset Quality
Interest Expenses 1855.71 1883.83 -1.49 7656.11 The Gross NPA has increased from Rs. 10116.13 crore as on
Other Income 661.20 390.04 69.52 1467.53 June '16 to Rs. 11134.47 crore in September '16. The Net
Operating Expenses 601.01 608.34 -1.20 2972.78 NPA of the Bank has gone up from Rs. 6579.28 crore to Rs.
7185.23 crore (up 9.21% Q-o-Q).
Staff Expenses 384.01 384.88 -0.23 2133.91
Total Expenses The slippage has increased sequentially due to economic
(Excluding Provisions, slowdown.
Contingency & Taxes) 24.56.72 2492.17 -1.42 10628.89
For the half year ended September '2016 the Cash Recov-
Operating Profit 436.59 327.20 33.43 775.31 ery from NPA aggregated Rs. 186.24 crore and Reduction
Provisions, Contin- of NPA Assets were to the tune of Rs. 502.42 crore.
gencies & Taxes 393.06 288.88 36.06 1057.27
Capital Adequacy
Net Profit 43.53 38.32 13.60 -281.96
Under Basel III, the Bank's Capital Adequacy Ratio stood at

BANKING FINANCE | DECEMBER | 2016 | 23

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