It is a broadly described annual report of UCO Bank in the year of 2015-2016. During the financial year, The Bank’s Global business stood at Rs. 342626 Crore as of March 2016, against Rs. 366149 Crore as of March 2015. Global deposits stood at Rs. 207118 Crore as of March 2016, against Rs. 214337 Crore as of March 2015. Operating Profit for the year ended 31st March 2016 is Rs. 3603 Crore compared to Rs. 4910 Crore for the last year. Bank registered a net loss of Rs. 2799 Crore for FY 2015-16, against a net profit of Rs. 1138 Crore for FY 2014-15. The bank’s total income stood at Rs. 20157 Crore as of March 2016 compared to Rs. 21,363 Crore last year. The net worth of the Bank has decreased to Rs. 9720 Crore during the financial year ending 2015-16 from Rs. 11585 Crore of the corresponding previous year.
The Board of Directors of the Bank has not recommended any dividend for the year 2015-16.
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