Punjab & Sind Bank announced Q2FY25 results Financial Highilights: Operating Profit (Q2) up by 76.15% (YoY). Net Profit (Q2) up by 26.98 % (YoY). Net Interest lncome (Q2) up by 29.33% (YoY). Net Interest Margin (Q2) rises by 38 bps to 2.71% (YoY). Cost to Income ratio(%) reduces by 958 bps to 62.82% (YoY). Return on Assets(%) improves by 13 bps (YoY). Gross NPA (%) reduced by 202 bps (YoY). Net NPA (%) reduced by 42 bps (YoY). PCR (%) improved by 48 bps (QoQ). Business Highlights: Total Business registered a growth of 8.40% (YoY) and stood at Rs 2,15,057 crore. Total Deposit grew by 6.48% (YoY). Retail Term Deposits registered a growth of 8.94% (YoY). Total advances grew by 11.14% (YoY). RAM advances registered a healthy growth of 18.09% (YoY). RAM Advances (%) to Gross Advances improved by 317 bps from 50.69% to 53.86%. Result PDF
UCO Bank announced Q2FY25 results Business Growth - Total Business of the Bank stood at Rs 4,73,704 crore as on Q2FY25 showing an increase of 13.56% on YoY, wherein Gross Advances increased by 18% to Rs 1,97,927 crore on YoY & Total Deposits grown by 10.57% on YoY to Rs 2,75,777 crore. Profitability & Return– Net profit for the quarter ending Q2FY25 stood at Rs 603 crore as against Rs 402 crore for the same period of preceding year, registering a growth of 50% YoY. Operating Profit for the quarter ended Q2FY25 stood at Rs 1,432 crore showing an increase of 45.82% on YoY basis. Advances in Retail, Agriculture & MSME (RAM) Sectors - RAM segment of the Bank increased by 20.16 % to Rs 108200 crore on YoY backed by 29.36% YoY growth in Retail advances ,17.41% YoY growth in Agriculture advances and 11.32 % YoY growth in MSME advances. Reduction in NPA - Gross NPA reduced by 96 bps YoY to 3.18 % as on Q2FY25 whereas Net NPA reduced by 38 bps YoY to 0.73 % as on Q2FY25. Capital Adequacy Ratio - Capital Adequacy Ratio (CRAR) stood at 16.84% as on Q2FY25 with Tier I Capital Ratio of 14.59% Credit to Deposit Ratio stood at 71.77% as on Q2FY25.. Net Interest Income (NII) for the quarter ended Q2FY25 stood at Rs 2,301 crore registering a growth of 20.03% on YoY basis as against Rs 1,917 crore for the same period of preceding year. For the half year ended September 2024, Net interest Income(NII) grewby 16.02% on YoY basis to Rs 4,555 crore as against Rs 3,926 crore for the H1FY24. Net Interest Margin(NIM) for the quarter ended Q2FY25 stood at 3.10% as against 2.84% for the same period in the preceding year. For the half year ended September 2024, the NIM stood at 3.09% as against 2.92% for the H1FY24. Asset Quality: Gross NPA improved to 3.18 % as on Q2FY25 as against 4.14% as on Q2FY24, registering an improvement of 96 bps YoY. Net NPA improved to 0.73 % as on Q2FY25 as against 1.11% as on Q2FY24, registering an improvement of 38 bps YoY. Provision Coverage Ratio stood at 95.92% as on Q2FY25. Branch Network: Bank has a network of 3,247 domestic branches and 2 overseas branches each at Hongkong and Singapore Centre & 1 Representative office in Iran. Out of the total branches, Bank has 61.60 % i.e. 2,000 branches in rural & semi-urban areas. Bank has 2,472 ATMs and 10,203 BC Points making the total number of 15,925 touch points as on Q2FY25. Result PDF