Page 22 - Banking Finance June 2017

PRESS RELEASE

New trading platform for Federal Bank customers

Federal Bank in association with
Geojit has launched a new trading
platform for its customers. The
platform, which is named 'Selfie', is
designed & managed by M/s
Geojit. In an event held at the
Bank's corporate office, Shri. Jose
K Mathew, Head - Retail Business,
Federal Bank and Shri. Sathish
Menon, Executive Director, Geojit
Financial Services Ltd unveiled the
new trading platform in the
presence of Shri Sunny N V, General
Manager& Zonal Head, Ernakulam, Shri A Balakrishnan, Managing Director, Geojit Technologies (P) Ltd, Shri Babu V.K
Head DP Division, Federal Bank.
The trading platform gives its users absolute control over their investments with timely research inputs to make sound
investment decisions. The tablet edition of selfie for Android and IOS users is available in app stores for download.
Features of SELFIE Trading Platform
Y Uniform experience across multiple platforms and devices (Phones, Tabs, Ipad, iphone and Mac, Windows etc)
Y Advanced Charting platform which enables a user to Trade directly from Charts
Y Real time movements of shares and funds makes the platform more attractive
Y Equipped to cater to different segments ie; cash, derivatives, bonds, Mutual funds etc
Y Different modes of notifications keeps the investor updated such as push notifications, alerts, SMS services etc.
Y Live portfolio of investments helps the user to arrive at quick decisions
Highlights of FY 16-17 Results UCO Bank

Y Saving Deposits (Domestic) stood at Rs.51456 cr which Y Other interest income increased to Rs.720 cr as on
registered a growth of 27.25% YoY basis. 31.03.2017 as against Rs.605 cr a year ago.
Y Registered Growth of 7.82% in Domestic Current Y Profit on sale of Investment increased to Rs. 1241 cr as
Deposit as against the previous year. on 31.03.2017 as against Rs.707 cr a year ago.
Y CASA % (Domestic) increased to 33.92% as on Y Provision Coverage Ratio stood at 61.17% as on
31.03.2017 as against 31.68% a year ago. 31.03.2017 as against 53.87% a year ago.
Y Total Business stood at Rs.332940 cr as on 31.03.2017. Y In FY 16-17, Total Interest Income stood at Rs. 16326 crore.
Y Global Deposits stood at Rs.201285 cr as on 31.03.2017 Y Interest on Deposits reduced to Rs. 11771 cr as on
while Global Advances stood at Rs.131655 cr as on 31.03.2017 as against Rs. 12709 cr a year ago.
31.03.2017. Y The CRAR increased to at 10.93% as on 31.03.2017 as
Y Total Operating Profit stood at Rs.2926 cr as on against 9.63% a year ago.
31.03.2017. Y Cost of Deposits decreased to 5.83% as on 31.03.2017
Y Net Loss stood at Rs. 1851 cr as on 31.03.2017 as against from 6.11% a year ago.
Rs. 2799 cr a year ago, decreased by Rs. 948 cr. Y Gross NPA stood at Rs.22541 cr as on 31.03.2017.
Y Other income increased to Rs.2114 cr as on 31.03.2017 Y Net NPA reduced to 8.94% as on 31.03.2017 as against
as against Rs.1596 cr a year ago. 9.09% a year ago.

22 | 2017 | JUNE | BANKING FINANCE

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