'Uco Bank conducted a conference call on 21 January 2024 to
discuss the financial results for the quarter ended December 2024. Ashwani
Kumar, MD & CEO of the company addressed the call:
Highlights:
The bank has recorded 12% growth in the business volumes to
Rs 4.89 lakh crore end December 2024, driven by strong 16% growth in advances
to Rs 2.09 crore.
Within the loan book, the retail advances jumped 31% with
strong growth in home loans 19% and vehicle loans 52%.
Agriculture loan book also moved up 20% and MSME advances
expanded 13% end December 2024. Further, the corporate loans grew 14% end
December 2024.
The deposits of the bank increased 9% to Rs 2.8 lakh crore
end December 2024.
The bank has maintained a stable CASA deposit ratio of 38%
with healthy growth in saving deposits at 6% and current deposits jumped 26%.
The bank has posted 27% jump in the net profit to Rs 639
crore ...
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