ªÉÚEòÉä ¤ÉéEò - UCO Bank · Development Corporations, Insurance Companies, Provident...

ªÉÚEòÉä ¤ÉéEòUCO BANK

|ÉvÉÉxÉ EòÉªÉÉÇ±ÉªÉ : 10, Ê´É. jÉè. ¨É. ºÉ®úhÉÒ, EòÉä±ÉEòÉiÉÉ - 700 001Head Office : 10, B. T. M. Sarani, Kolkata - 700 001

Ê´É¹ÉªÉ-ºÉÚSÉÒ / CONTENTS

¨É½þi´É{ÉÚhÉÇ EòÉªÉÇGò¨É B´ÉÆ iÉÉ®úÒJÉåå / IMPORTANT PROGRAMME & DATES

ºÉÉÆÊ´ÉÊvÉEò EäòxpùÒªÉ ±ÉäJÉÉ{É®úÒIÉEò

Statutory Central Auditors 02ÊxÉnäù¶ÉEò ̈ ÉÆb÷±ÉBoard of Directors 03´ÉÉÌ¹ÉEò +É¨É ¤Éè̀ öEò ½äþiÉÖ ºÉÚSÉxÉÉ B´ÉÆ EòÉªÉÇºÉÚSÉÒNotice for AGM and Agenda 04-13|É¤ÉÆvÉ ÊxÉnä¶ÉEò B´ÉÆ ¨ÉÖJªÉ EòÉªÉÇ{ÉÉ±ÉEò +ÊvÉEòÉ®Ò EòÉ ºÉÆ¤ÉÉävÉxÉManaging Director & CEO's Statement 14-15ÊxÉnäù¶ÉEòÉå EòÒ Ê®ú{ÉÉä]ÇõDirectors’ Report 16-41´ªÉ´ÉºÉÉªÉ =kÉ®únùÉÊªÉi´É Ê®ú{ÉÉä]Çõ/

Business Responsibility Report 43-56

EòÉ®ú{ÉÉä®äú]õ +Ê¦É¶ÉÉºÉxÉ ºÉÆ¤ÉÆvÉÒ Ê®ú{ÉÉä]ÇõReport on Corporate Governance 57-77

EòÉ{ÉÉäÇ®ä] +Ê¦É¶ÉÉºÉxÉ EòÉ +xÉÖ±ÉMxÉEòAnnexures to Corporate Governance 78-81iÉÖ±ÉxÉ-{ÉjÉ 2017-18Balance Sheet 2017-18 82-85

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Profit & Loss A/c 86-87

±ÉäJÉÉå ºÉä ºÉÆ¤ÉÆÊvÉiÉ +xÉÖºÉÚSÉÒ / Schedule to Accounts 88-145

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Auditor’s Report to the President of India 146-147xÉEònùÒ |É´ÉÉ½þ Ê´É´É®úhÉ / Cash Flow Statement 148-150¤ÉÉºÉä±É-III |ÉEò]õÒEò®úhÉ / Basel-III Disclosures 151-216{É®úÉäIÉÒ ¡òÉ¨ÉÇ / Proxy Form 217-218={ÉÎºlÉÊiÉ {ÉSÉÔ / Attendance Slip 219

¨Énù / Item {ÉÞ¹`öõ ºÉÆ. / Page No. ¨Énù / Item {ÉÞ¹`öõ ºÉÆ. / Page No.

Annual Report - 2017-18´ÉÉÌ¹ÉEò |ÉÊiÉ´ÉänùxÉ - 2017-18

´ÉÉÌ¹ÉEò +É¨É ¤Éè̀ öEò 2017-18 EòÒ iÉÉ®úÒJÉ,

ºÉ¨ÉªÉ B´ÉÆ ¤Éè̀ öEò-ºlÉ±É

Date, time & Venue of AnnualGeneral Meeting 2017-18 |ÉÉiÉ: 10.30 A.M.

{É®úÉäIÉÒ ¡òÉ¨ÉÇ EòÒ |ÉÉÎ{iÉ EòÒ +ÆÊiÉ¨É iÉÉ®úÒJÉLast date for receipt of proxy form 22.06.2018

EòÉªÉÇGò¨É / Programme iÉÉ®úÒJÉ / Date ¤Éè̀ öEò-ºlÉ±É / Venue

Mini Auditorium, Science City, J.B.S. Haldane Avenue,Kolkata-700046

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ÊxÉnäù¶ÉEò ̈ ÉÆb÷±É /BOARD OF DIRECTORS

ºÉÖ̧ ÉÒ. ËºÉvÉÖ Ê{É±±É

4

UCO BANK

Head Office

10, B. T. M. Sarani, Kolkata- 700 001

Notice

NOTICE is hereby given that the 15th Annual General Meeting ofthe Shareholders of UCO Bank will be held on 27th June, 2018 at10.30 A.M. at Mini Auditorium, Science City, J.B.S. HaldaneAvenue, Kolkata-700046 to transact the following business:-

1) To discuss, approve and adopt the Balance Sheet as at31st March 2018, Profit and Loss Account of the Bank forthe year ended 31st March, 2018, the Report of the Board ofDirectors on the working and activities of the Bank for theperiod covered by the Accounts and Auditors' Report on theBalance Sheet and Accounts.

2) To consider and if thought fit, to pass with or withoutmodifications the following special resolution:

"RESOLVED THAT pursuant to the provisions of the BankingCompanies (Acquisition and Transfer of Undertakings) Act, 1970(Act), The Nationalised Banks (Management and MiscellaneousProvisions) Scheme, 1970 (Scheme) and the UCO Bank (Sharesand Meetings) Regulations, 2003 as amended from time to timeand subject to the approvals, consents, permissions andsanctions, if any, of the Reserve Bank of India ( "RBI"), theGovernment of India ("GOI"), the Securities and Exchange Boardof India ("SEBI"), and/or any other authority as may be requiredin this regard and subject to such terms, conditions andmodifications thereto as may be prescribed by them in grantingsuch approvals and which may be agreed to by the Board ofDirectors of the Bank and subject to the regulations viz., SEBI(Issue of Capital and Disclosure Requirements) Regulations, 2009(ICDR Regulations), SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015 (SEBI LODR Regulations) asamended up to date, guidelines, if any, prescribed by the RBI,SEBI, notifications/circulars and clarifications under the BankingRegulation Act, 1949, Securities and Exchange Board of IndiaAct, 1992 and all other applicable laws and all other relevantauthorities from time to time, consent of the shareholders of theBank be and is hereby accorded to the Board of Directors of theBank (hereinafter called "the Board" which shall be deemed toinclude any Committee which the Board may have constituted orhereafter constitute to exercise its powers including the powersconferred by this Resolution) to create, offer, issue and allot150,00,00,000 equity shares of `10/- each (including withprovision for reservation on firm allotment and/or competitive basisof such part of issue and for such categories of persons as maybe permitted by the law then applicable) by way of an offerdocument/prospectus or such other document, in India or abroad,whether at a discount or premium to the market price, in one ormore tranches, including to one or more of the members,employees of the Bank, Indian nationals, Non-Resident Indians("NRIs"), Companies, private or public, investment institutions,Societies, Trusts, Research organisations, Qualified InstitutionalBuyers ("QIBs") like Foreign Portfolio Investors (FPIs), Banks,Financial Institutions, Indian Mutual Funds, Venture CapitalFunds, Foreign Venture Capital Investors, State IndustrialDevelopment Corporations, Insurance Companies, ProvidentFunds, Pension Funds, Development Financial Institutions orother entities, authorities or any other category of investors which

ªÉÚEòÉä ¤ÉéEò|ÉvÉÉxÉ EòÉªÉÉÇ±ÉªÉ10, Ê´É.jÉè.¨É. ºÉ®hÉÒ, EòÉä±ÉEòÉiÉÉ - 700 001ºÉÚSÉxÉÉ

BiÉnuÉ®É ªÉ½ ºÉÚSÉxÉÉ nÒ VÉÉiÉÒ ½è ÊEò ªÉÚEòÉä ¤ÉéEò Eäò ¶ÉäªÉ®vÉÉ®EòÉå EòÒ 15´ÉÓ´ÉÉÊ¹ÉÇEò +É¨É ¤Éè̀ Eò ¤ÉÖvÉ´ÉÉ®, ÊnxÉÉÆEò 27 VÉÚxÉ, 2018 EòÉä {ÉÚ́ ÉÉÇ¼xÉ 10.30 Ê¨ÉxÉÒ+ÉäbÒ]õÉäÊ®ªÉ¨É, ºÉÉ

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are authorized to invest in equity shares of the Bank as perextant regulations/guidelines or any combination of the above asmay be deemed appropriate by the Bank".

'RESOLVED FURTHER THAT such issue, offer or allotment shallbe by way of Follow on public issue, Private Placement/QualifiedInstitutional Placement (QIP) or any other mode approved byGOI/RBI, with or without over-allotment option and that suchoffer, issue, placement and allotment be made as per theprovisions of the Banking Companies (Acquisition and Transferof Undertakings) Act, 1970, the SEBI (Issue of Capital andDisclosure Requirements) Regulations, 2009 ("ICDRRegulations") and all other guidelines issued by the RBI, SEBIand any other authority as applicable, and at such time or timesin such manner and on such terms and conditions as the Boardmay, in its absolute discretion, think fit".

"RESOLVED FURTHER THAT Board shall have the authority todecide, at such price or prices in such manner and wherenecessary, in consultation with the lead managers and/orunderwriters and/or other advisors or otherwise on such termsand conditions as the Board may, in its absolute discretion, decidein terms of ICDR Regulations, other regulations and any and allother applicable laws, rules, regulations and guidelines, whetheror not such investor(s) are existing members of the Bank, at aprice not less than the price as determined in accordance withrelevant provisions of ICDR Regulations."

'RESOLVED FURTHER THAT in accordance with the provisionsof Banking Companies (Acquisition and Transfer of Undertakings)Act, 1970, the provisions of the UCO Bank (Shares and Meetings)Regulations, 2003., the provisions of ICDR Regulations, theprovisions of the SEBI LODR Regulations, the provisions of theForeign Exchange Management Act, 1999 and the ForeignExchange Management (Transfer or issue of Security by a PersonResident Outside India) Regulations, 2000, and subject torequisite approvals, consents, permissions and/or sanctions ofSecurities and Exchange Board of India (SEBI), Stock Exchanges,Reserve Bank of India (RBI), foreign Investment Promotion Board(FIPB), Department of Industrial Policy and Promotion, Ministryof Commerce (DIPP) and all other authorities as may be required(hereinafter collectively referred to as "the AppropriateAuthorities") and subject to such conditions as may be prescribedby any of them while granting any such approval, consent,permission, and/or sanction (hereinafter referred to as "therequisite approvals") the Board, may at its absolute discretion,issue, offer and allot, from time to time in one or more trances,equity shares to Qualified Institutional Buyers (QIBs) (as definedin the ICDR Regulations) pursuant to a qualified institutionalplacement (QIP), as provided for under Chapter VIII of the ICDRRegulations, through a placement document and/or such otherdocuments/writings/circulars/memoranda and in such mannerand on such price, terms and conditions as may be determinedby the Board in accordance with the ICDR Regulations or otherprovisions of the law as may be prevailing at that time."

"RESOLVED FURTHER THAT in case of a qualified institutionalplacement pursuant to Chapter VIII of the ICDR Regulations

i. The allotment of Securities shall only be to QualifiedInstitutional Buyers within the meaning of Chapter VIII of theICDR Regulations, such Securities shall be fully paid-up and

¤ÉéEò uùÉ®úÉ ¡òÉì±ÉÉä +ÉìxÉ {ÉÎ¤±ÉEò

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the allotment of such Securities shall be completed within 12months from the date of this resolution."

ii. The Bank is, in pursuant to provisons of Regulation 85(1) ofICDR Regulations, authorized to offer shares at a discountof not more than five percent on the floor price.

iii. The relevant date for the determination of the floor price ofthe securities shall be in accordance with the ICDRRegulations."

"RESOLVED FURTHER THAT the Board shall have the authorityand power to accept any modification in the proposal as may berequired or imposed by the GOI/RBI/SEBI/Stock Exchangeswhere the shares of the Bank are listed or such other appropriateauthorities at the time of according/granting their approvals,consents, permissions and sanctions to issue, allotment andlisting thereof and as agreed to by the Board."

"RESOLVED FURTHER THAT the issue and allotment of newequity shares to NRIs, FIIs and/or other eligible foreign investorsbe subject to the approval of the RBI under the Foreign ExchangeManagement Act, 1999 as may be applicable but within the overalllimits set forth under the Act."

"RESOLVED FURTHER THAT the said new equity shares to beissued shall be subject to the UCO Bank (Shares and Meetings)Regulations, 2003, as amended, and shall rank in all respectspari passu with the existing equity shares of the Bank and shallbe entitled to dividend declared, if any, in accordance with thestatutory guidelines that are in force at the time of suchdeclaration."

"RESOLVED FURTHER THAT for the purpose of giving effect toany issue or allotment of equity shares, the Board be and is herebyauthorised to determine the terms of the public offer, includingthe class of investors to whom the equity shares are to be allotted,the number of shares to be allotted in each tranche, issue price,premium amount on issue as the Board in its absolute discretiondeems fit and do all such acts, deeds, matters and things andexecute such deeds, documents and agreements, as they may,in its absolute discretion, deem necessary, proper or desirable,and to settle or give instructions or directions for settling anyquestions, difficulties or doubts that may arise in regard to thepublic offer, issue, allotment and utilization of the issue proceeds,and to accept and to give effect to such modifications, changes,variations, alternations, deletions, additions as regards the termsand conditions, as it may, in its absolute discretion, deem fit andproper in the best interest of the Bank, without requiring any furtherapproval of the members and that all or any of the powersconferred on the Bank and the Board vide this resolution may beexercised by the Board."

"RESOLVED FURTHER THAT the Board be and is herebyauthorized to enter into and execute all such arrangements withany Book Runner(s), Lead Manager(s), Banker(s), Underwriter(s),Depository (ies), Registrar(s), Auditor(s) and all such agenciesas may be involved or concerned in such offering of equity sharesand to remunerate all such institutions and agencies by way ofcommission, brokerage, fees or the like and also to enter intoand execute all such arrangements, agreements, memoranda,documents etc., with such agencies."

EòÒ ÊiÉÊlÉ ºÉä 12 ¨ÉÉ½ Eäò ¦ÉÒiÉ®

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"RESOLVED FURTHER THAT for the purpose of giving effect tothe above, the Board, in consultation with the Lead Managers,Underwriters, Advisors and/or other persons as appointed by theBank, be and is hereby authorized to determine the form andterms of the issue(s), including the class of investors to whomthe shares are to be allotted, number of shares to be allotted ineach tranche, issue price (including premium, if any), face value,fixing of record date or book closure and related or incidentalmatter, listings on one or more stock exchanges in India and/orabroad, as the Board in its absolute discretion deems fit."

"RESOLVED FURTHER THAT such of these shares as are notsubscribed may be disposed off by the Board in its absolutediscretion in such manner, as the Board may deem fit and aspermissible by law."

"RESOLVED FURTHER THAT for the purpose of giving effect tothis Resolution, the Board be and is hereby authorised to do allsuch acts, deeds, matters and things as it may in its absolutediscretion deems necessary, proper and desirable and to settleany question, difficulty or doubt that may arise in regard to theissue of the shares and further to do all such acts, deeds, mattersand things, finalise and execute all documents and writings asmay be necessary, desirable or expedient as it may in its absolutediscretion deem fit, proper of desirable without being required toseek any further consent or approval of the shareholders orauthorise to the end and intent, that the shareholders shall bedeemed to have given their approval thereto expressly by theauthority of the Resolution."

"RESOLVED FURTHER THAT the Board be and is herebyauthorized to delegate all or any of the powers herein conferredto the Chairman or to the Managing Director & CEO or to theExecutive Director/(s) or to Committee of Directors or such otherofficer(s) to give effect to the aforesaid Resolutions."

"+ÉMÉä ºÉÆEò±{É Ê±ÉªÉÉ VÉÉiÉÉ ½è ÊEò ={ÉªÉÖÇHò EòÉä |É¦ÉÉ´ÉÒ ¤ÉxÉÉxÉä Eäò Ê±ÉB ¤ÉÉäbÇ EòÉäÊEòºÉÒ ¦ÉÒ ±ÉÒb |É¤ÉÆvÉEòÉå, ½É¨ÉÒnÉ®Éå, {É®úÉ¨É¶ÉÇnùÉiÉÉ+Éå +Éè®ú/ªÉÉ ¤ÉèEò uùÉ®úÉ ªÉlÉÉÊxÉªÉÖHò EòÉä

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Notes

APPOINTMENT OF PROXY

A SHAREHOLDER ENTITLED TO ATTEND AND VOTE AT THEMEETING, IS ALSO ENTITLED TO APPOINT A PROXY TOATTEND AND VOTE INSTEAD OF HIMSELF/ HERSELF, ANDSUCH A PROXY NEED NOT BE A SHAREHOLDER OF THEBANK. The proxy form in order to be effective must be receivedat the Head Office of the Bank at its Share Section, FinanceDepartment, at 2, India Exchange Place, 3rd floor, Kolkata - 700 001not later than FOUR DAYS before the date of the Meeting i.e.,on or before the closing hours of the Bank on 22nd June,2018.Anemployee or officer of the Bank cannot be appointed as proxy asper provision of UCO Bank (Share and Meeting) Regulation 2003.

APPOINTMENT OF AUTHORISED REPRESENTATIVE

No person shall be entitled to attend or vote at the meeting as aduly authorised representative of any body corporate which is ashareholder of the Bank, unless a copy of the resolutionappointing him/her as a duly authorized representative certifiedto be a true copy by the Chairman of the meeting at which it waspassed shall have been deposited at the Head Office of the Bankwith Share Section , Finance Department, at 2, India ExchangePlace, 3rd floor, Kolkata - 700 001 not later than FOUR DAYSbefore the date of the meeting , i.e., on or before the closinghours of the Bank on 22nd June, 2018.The proxy form if anyexecuted by such authorized representative will be effectiveprovided the same is also deposited with the Bank along with theabove documents on or before the closing hours of the Bank on22nd June, 2018 at the above mentioned address.An employee or officer of the Bank cannot be appointed asauthorized representative as per provisions of UCO Bank (Sharesand Meetings) Regulation 2003.ATTENDANCE SLIP CUM ENTRY PASSFor the convenience of the shareholders, Attendance slip-cum-Entry Pass is annexed to the Annual Report. Shareholders/Proxyholders /Authorised Representative are requested to fill in and affixtheir signatures at the space provided therein and surrender thesame at the venue. Proxy/Authorised Representative ofshareholders should state in their Attendance Slip-cum-Entry Passas 'Proxy or Authorised Representative' as the case may be.Shareholders/Proxy holders/Authorised Representatives must carrya valid Photo identity card like PAN Card, Election ID, Passport etcwith them and will be allowed entry only after proper identification.CLOSURE OF REGISTER OF SHAREHOLDERS

The Registrar of Shareholders and the Transfer Books of theBank will remain closed from 21st June, 2018 to 27th June, 2018(both days inclusive) for the purpose of Annual Book Closure.

DIVIDEND

As per RBI Notification No.DBOD.No.BP.BC.88/21.02.067/2004-05 dated 04.05.2005, only those Banks which comply with thecriteria listed out in the above said circular are eligible to declaredividend. Since, Net NPA of the Bank is more than 7% of theadvances and also for the reason that Bank posted loss of `4436Crore during the current year, no dividend is recommended bythe Board.

UNPAID/UNCLAIMED DIVIDEND

As per section 10B of Banking Companies (Acquisition andTransfer of Undertaking) Act 1970 any money which is transferredto unpaid dividend account and remains unpaid/unclaimed for aperiod of seven years from the date of such transfer shall betransferred to "Investor Education and Protection Fund"

xÉÉä]:{É®ÉäIÉÒ EòÒ ÊxÉªÉÖÊHò¤Éè̀ öEò ¨Éå ={ÉÊºlÉiÉ ½ÉäxÉä B´ÉÆ ¨ÉiÉnÉxÉ Eò®xÉä Eäò Ê±ÉB ½EònÉ® ¶ÉäªÉ®vÉÉ®Eò+{ÉxÉä ¤Én±Éä ¤Éè̀ öEò ¨Éå ={ÉÊºlÉiÉ ½ÉäxÉä B´ÉÆ ¨ÉiÉnÉxÉ Eò®xÉä ½äiÉÖ ÊEòºÉÒ {É®ÉäIÉÒ EòÉäÊxÉªÉÖHò Eò®xÉä EòÉ ¦ÉÒ ½EònÉ® ½è +Éè® ªÉ½ VÉ° ®Ò xÉ½Ó ½è ÊEò BäºÉÉ {É®ÉäIÉÒ ¤ÉéEòEòÉ EòÉä

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Sl No Particulars No. of shareholders No. of shares involved

i. ÊnxÉÉÆEò 01.04.2017 EòÒ ÊºlÉÊiÉ Eäò +xÉÖºÉÉ® +nÉ´ÉÉEÞòiÉ ¶ÉäªÉ®/Shares unclaimed as on 01.04.2017 205 28300

ii. ´É¹ÉÇ 2017-18 Eäò nÉè®ÉxÉ nÉ´ÉÉEÞòiÉ +Éè® Ê½iÉÉÊvÉEòÉ®ÒJÉÉiÉä ¨Éå +ÆiÉÊ®iÉ ¶ÉäªÉ®/ Shares claimed and transferred toBeneficiary account during the year 2017-18 1 200

iii. ÊnxÉÉÆEò 31.03.2018 EòÒ ÊºlÉÊiÉ Eäò +xÉÖºÉÉ® +nÉ´ÉÉEÞòiÉ ¶ÉäªÉ®Shares unclaimed as on 31.03.2018 204 28100

Gò.ºÉÆ. Ê´É´É®úhÉ ¶ÉäªÉ®vÉÉ®EòÉå EòÒ ºÉÆ..... ¶ÉÉÊ¨É±É ¶ÉäªÉ®Éå EòÒ ºÉÆ.....

established under section 205C(1)/125 of the Companies Act1956/2013.

Shareholders who have not claimed their dividend upto thefinancial year 2014-15 are requested to lodge valid claim(s) withRegistrar and Transfer Agent M/s Karvy Computershare PrivateLimited. The details of the shareholders whose dividend remainedunclaimed are available on our Bank's website under InvestorsSection.CHANGE IN ADDRESS/BANK MANDATE AND LODGEMENTOF TRANSFERSHolding of shares in Physical FormShareholders holding shares in physical form are requested toinform the Registrar and Share Transfer Agent i.e. M/s. KarvyComputershare Pvt. Ltd., Karvy Selenium Tower B, Plot 31-32,Gachibowli, Financial District, Nanakramguda, Hyderabad - 500032 in respect of change of address, Bank Account details, viz,Name of Bank, Name of Branch, Account Number, ECS Mandate,e-mail addresses etc.,Holding of shares in Electronic FormBeneficial owners holding shares in electronic form , are requestedto update the address, Bank details i.e. Name of Bank, Name ofBranch, Account Number, ECS Mandate, e-mail addresses etc.are duly updated with their Depository Participant.Lodgement of TransfersShare Certificates along with transfer deeds should be forwardedto Bank's Registrar and Share Transfer Agents, M/S KarvyComputershare Private LimitedUnit : UCO BANK, Karvy Selenium Tower B, Plot 31-32,Gachibowli,Financial District, Nanakramguda, Hyderabad - 500 032UNCLAIMED SHARESFew of the share certificates issued after the Bank's Initial PublicOffer returned undelivered to our Registrar & Share Transfer Agentson account of improper address mentioned in the application formsand subsequent change in addresses of the shareholders. Bank isyet to receive claim/request from the bonafide shareholders/ownersof such shares. In terms of SEBI (LODR) Regulations, 2015, theBank is required to dematerialize the shares which remainedunclaimed by the bonafide shareholders/owners of such shares.

The voting rights in respect of the unclaimed shares will remain

ÊnxÉÉÆEò 31.03.2018 EòÉä +nÉ´ÉÉEÞòiÉ ¶ÉäªÉ®Éå EòÉ Ê´É´É®hÉ ÊxÉ¨xÉ |ÉEòÉ® ½è:/Following are details of the shares unclaimed as on 31.03.2018 :

frozen till the claim by the rightful owner.

Voting through Electronic Means

Pursuant to Regulation 44 of SEBI (Listing Obligations andDisclosure Requirements) Regulations, 2015 read withCompanies (Management and Administration) Rules, 2014, it ismandatory to extend to the shareholders of the Bank, the facility

+nÉ´ÉÉEÞòiÉ ®½iÉÒ ½è iÉÉä =ºÉä EÆò{ÉÊxÉªÉÉÄ +ÊvÉÊxÉªÉ¨É, 1956/2013 EòÒ vÉÉ®É205C(1)/125 Eäò iÉ½iÉ ºlÉÉÊ{ÉiÉ “ÊxÉ´Éä¶ÉEò Ê¶ÉIÉÉ B´ÉÆ ºÉÆ®IÉhÉ ÊxÉÊvÉ” ¨Éå+ÆiÉÊ®iÉ ÊEòªÉÉ VÉÉBMÉÉ* ÊVÉxÉ ¶ÉäªÉ®vÉÉ®EòÉå xÉä Ê´ÉkÉÒªÉ ´É¹ÉÇ 2014-15 iÉEò±ÉÉ¦ÉÉÆ¶É EòÉ nÉ´ÉÉ xÉ½Ó ÊEòªÉÉ ½è =xÉºÉä +xÉÖ®ÉävÉ ½è ÊEò ́ Éä ®ÊVÉº]ÅÉ® B´ÉÆ +ÆiÉ®hÉBVÉå] ¨Éä. EòÉ´ÉÔ EÆò{ªÉÚ]®¶ÉäªÉ® |ÉÉ

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to vote on the business to be transacted at the Annual GeneralMeeting by electronic means (remote e-voting).

Shareholders of the Bank can transact on the item of the businessthrough remote e-voting system as contained in the Notice ofthe Meeting.

The Bank has appointed Ms. Savita Jyoti, Practising CompanySecretary, as Scrutinizer who will oversee the conduct of theremote e-voting process in a fair and transparent manner.

INSTRUCTION FOR REMOTE E-VOTING :

1. Launch internet browser by typing the URL: https://evoting.karvy.com

2. Shareholders of the Bank holding shares either in physicalform or in dematerialized form, as on the cutoff date maycast their vote electronically.

3. Enter the login credentials (i.e., user id and passwordmentioned in letter sent by e-mail/e-voting notice sent alongwith Annual Report). Your Folio No./DP ID & Client ID will beyour user ID.

4. After entering the details appropriately, click on LOGIN.

5. You will reach the Password change menu wherein you arerequired to mandatorily change your password. The newpassword shall comprise of minimum 8 characters with atleast one upper case (A-Z), one lower case (e-z), onenumeric value (0-9) and a special character. The systemwill prompt you to change your password and update anycontact details like mobile, email etc. on first login. You mayalso enter the secret question and answer of your choice toretrieve your password in case you forget it. It is stronglyrecommended not to share your password with any otherperson and take utmost care to keep your passwordconfidential.

6. You need to login again with the new credentials.

7. On successful login, the system will prompt you to select theEVENT i.e., UCO Bank.

8. Those holding shares as on the Cut-off Date i.e., 20th June,2018 can cast their vote in favour of or against the resolution.

9. Click OK to confirm else CANCEL to modify. Once youconfirm, you will not be allowed to modify your vote. Duringthe voting period, shareholders can login any number oftimes till they have voted.

10. Shareholders holding multiple folios/demat account shallchoose the voting process separately for each folios/demataccount.

11. Once the vote on the resolution is cast by the shareholder,he/she shall not be allowed to change it subsequently.

12. The Portal will be open for voting from: 9 a.m. on 24.06.2018to 5 p.m. on 26.06.2018.

13. In case of any queries, the shareholders may refer theFrequently Asked Questions (FAQs) for shareholders ande-voting User Manual for shareholders available at thedownload section of https://evoting.karvy.com or contactKarvy Computershare Pvt. Ltd.

¨Éå, +É¨É ¤Éè̀ öEò ¨Éå ¤ÉéEò Eäò ¶ÉäªÉ®vÉÉ®EòÉå EòÉä

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VOTING/POLLING AT THE VENUE OF AGM

Apart from remote e-voting, the voting shall also be conductedfor those who have not exercised their option of remote e-voting.The voting will commence immediately after an announcementin this regard is made and the number of votes will be equivalentto the number of shares held by them as on the Cut-off Date i.e.20thJune, 2018.

The Results of the voting at the meeting aggregated with theresults of remote e-voting will be hosted on Bank's website andshall also be informed to the stock exchanges i.e., NSE & BSEand the e-voting agency (M/s. Karvy Computershare (P) Limited)._

COPIES OF BALANCE SHEET/ANNUAL REPORT

Shareholdersare advised that copies of the AnnualReport willnot be distributed at the venue of the Annual General Meeting.

Shareholders Queries

It will be appreciated if shareholders submit their queries, if any,on the agenda items to be considered at the Meeting sufficientlyin advance to facilitate effective response from the Bank.

COMMUNICATION WITH SHARE TRANSFER AGENTS

Shareholders are requested to intimate changes, if any, in theirregistered address or any other particulars through theirDepository Participant in case of DEMAT shares and directly incase of physical shares to the Registrar and Share Transfer Agentof the Bank at the following address :

M/s Karvy Computershare Private LimitedUnit : UCO BANK,Karvy Selenium Tower B, Plot 31-32, Gachibowli,Financial District, Nanakramguda, Hyderabad - 500 032Tel : (040) 67161500; Fax : (040)23420814

For on line queries/grievances, shareholders of the Bank maylogin on the website of M/s Karvy Computershare Private Limitedi.e., www.karvycomputershare.com and click on Investor Servicespage to register their queries/grievances, if any.

SHARE SECTION & INVESTORS GRIEVANCE CELL

In order to facilitate quick and efficient service to the shareholders,the Bank has set up Investors Grievance Cell at its Head Office,Kolkata, Shareholders may contact this Cell at the undermentioned address for any assistance :

Shri N Purna Chandra Rao, Company Secretary, Share Section& Investors Grievance Cell, UCO Bank, Head Office : 2, IndiaExchange Place (3rd Floor), Kolkata - 700 001, Telephone : 033-44557227, Fax : (033) - 22485625

EXPLANATORY STATEMENT IN RESPECT OF THE BUSINESSMENTIONED AGAINST AGENDA ITEM NO. 2 OF THE NOTICE:

During October, 2003, Bank made its Initial Public Offer by issueof 20 Crore equity shares of `10/- each at a premium of `2/- pershare, primarily to strengthen capital adequacy. SubsequentlyBank has raised capital by Issue of equity shares to Governmentof India and Life Insurance Corporation of India on preferentialbasis.

Ê®¨ÉÉä]

12

ÊxÉMÉÇ̈ É EòÒ iÉÉ®ÒJÉDate ofIssue

Ê´É´É®hÉDetails

01.10.2003 ¶ÉÖ°ü+ÉiÉÒ ºÉÉ´ÉÇVÉÊxÉEò {Éä¶ÉEò¶É / Initial public offer 200 799.3622.12.2008

13

ÊxÉnäù¶ÉEò ¨ÉÆb÷±É Eäò +Énäù¶É ºÉä By Order of the Board of Directors

sd/-(R.K. Takkar)

Managing Director &Chief Executive Officer

(+É®. Eäò. ]CEò®)|É¤ÉÆvÉ ÊxÉnä¶ÉEò B´ÉÆ

¨ÉÖJªÉ EòÉªÉÇ{ÉÉ±ÉEò +ÊvÉEòÉ®ÒPlace: KolkataDate: 28th May, 2018

ºlÉÉxÉ: EòÉä±ÉEòÉiÉÉÊnxÉÉÆEò: 28 ¨É

14

Dear Shareholders,

It gives me immense pleasure in welcoming you all to the 15thAnnual General Meeting of our Bank and presenting thehighlights of Bank's performance for the year ended 31st March2018. At the outset, I would like to thank each one of you foryour continued support and loyalty which enabled the bank toperform better in the difficult Banking Scenario.

Before I proceed to present the performance highlights of theBank, let me take you to the major economic reforms whichwere undertaken over the past year by Government of India.The transformational Goods and Services Tax(GST) waslaunched at the midnight on 1st July 2017. And the long festeringTwin Balance sheet (TBS) problem was decisively addressedby sending the major stressed companies for resolution underthe new Indian Bankruptcy Code and a recapitalization packageto strengthen the PSBs was also implemented. As a result ofthese measures, the economy began to accelerate in the secondhalf of the reporting Financial Year. The agenda of the govt. forthe next year is to stabilize the GST, and complete the TBSaction and financial support to the Banks.

CSO has estimated the GDP growth in 2017-18 to 6.6%, whichis the highest among the major economics of the world. Thatthis growth has been achieved due to the lower inflation,improved current account balance and notable reduction in thefiscal deficit to GDP ratio makes it all. In addition to this,liberalization of FDI and ongoing other structural reforms amongothers, should be supporting higher growth. On balance,country's economic performance should witness an improvementin 2018-19. Inflation in the country was moderate during 2017-18. Headlines inflation declined 2.5% in 2017-18. CPI inflationremained below 5% in 2017-18.

|É¤ÉÆvÉ ÊxÉnä¶ÉEò B´ÉÆ ¨ÉÖJªÉ EòÉªÉÇ{ÉÉ±ÉEò +ÊvÉEòÉ®Ò EòÉ ´ÉHò´ªÉManaging Director & CEO's Statement

Ê|ÉªÉ ¶ÉäªÉ®vÉÉ®EòMÉhÉ,+{ÉxÉä ¤ÉéEò EòÒ 15 ́ ÉÓ ́ ÉÉÊ¹ÉÇEò +É¨É ¤Éè̀ öEò ̈ Éå +É{É ºÉ¦ÉÒ EòÉ º´ÉÉMÉiÉ Eò®iÉä ½ÖBiÉlÉÉ 31¨ÉÉSÉÇ, 2018 EòÉä ºÉ¨ÉÉ{iÉ ́ É¹ÉÇ Eäò ¤ÉéEò Eäò EòÉªÉÇÊxÉ¹{ÉÉnxÉ EòÒ ZÉ±ÉÊEòªÉÉÄ|ÉºiÉÖiÉ Eò®iÉä ½ÖB ¨ÉÖZÉä +iÉÒ´É |ÉºÉxxÉiÉÉ ½Éä ®½Ò ½è* +É®Æ¦É ¨Éå, ¨Éé +É{É ºÉ¦ÉÒEòÉä vÉxªÉ´ÉÉn näiÉÉ ½ÄþÚ ÊEò +É{ÉxÉä ½¨Éå ÊxÉ®ÆiÉ® ºÉ¨ÉlÉÇxÉ ÊnªÉÉ +Éè® ½¨É {É® +]Ú]Ê´É¶´ÉÉºÉ ®JÉÉ, ÊVÉºÉEäò EòÉ®hÉ ºÉÆPÉ¹ÉÇ{ÉÚhÉÇ ¤ÉéËEòMÉ {ÉÊ®o¶ªÉ ¨Éå ¦ÉÒ ¤ÉéEò ¤Éä½iÉ®EòÉªÉÇÊxÉ¹{ÉÉnxÉ Eò® {ÉÉªÉÉ*

¤ÉéEò Eäò EòÉªÉÇÊxÉ¹{ÉÉnxÉ EòÒ ZÉ±ÉÊEòªÉÉÄ |ÉºiÉÖiÉ Eò®xÉä Eäò {ÉÚ́ ÉÇ ¨Éé +É{ÉEòÉä ¦ÉÉ®iÉºÉ®Eò® uÉ®É Ê{ÉU±Éä ´É¹ÉÇ ÊEòB MÉB |É¨ÉÖJÉ +ÉÊlÉÇEò ºÉÖvÉÉ®Éå Eäò ¤ÉÉ®ä ¨Éå ¤ÉiÉÉxÉÉSÉÉ½ÚÄMÉÉ* {ÉÊ®´ÉiÉÇxÉEòÉ®Ò ´ÉºiÉÖ B´ÉÆ ºÉä́ ÉÉ Eò® (VÉÒBºÉ]Ò) 1 VÉÖ±ÉÉ

15

Reporting financial year was difficult year for the Bankingindustry, profit of the Banking industry was dipped due toslippage in corporate borrowers accounts.

The performance of banking sectors, as a whole and PSBs inparticular continued to be subdued in the current financial year.Bank credit grew at 10.3% and aggregate deposit grew at6.7% as of March 2018.

During the reporting financial year, Bank has consciouslydownsized its Balance Sheet owing to capital constraints. Bankposted an overall Global business of `3,05,838 crore in FY 17-18 as against `3,32,940 crore as at FY 16-17. Global Depositstood at `1,81,849 crore compared to `2,01,285 crore in theprevious financial year 2016-17. Gross Advances of Bank wereat `1,23,989 crore as against `1,31,655 crore during theprevious FY 17-18 .Domestic deposit of the Bank was`1, 72,017 crore in FY17-18 compared to `1,85,102 crore inFY16-17. Bank's low cost deposit (CASA) grew by 2.07% onY-O-Y and it share in domestic deposit improved from 33.92%in March 2017 to 37.25% in March 2018. Gross DomesticAdvances stood at `1,08,746 crore in the FY 2017-18 against`1,12,917 crore in FY 2016-17. Bank's posted a net loss of` 4,436 crore in FY17-18 compared to `1,851 crore in FY 16-17 due to higher provisioning in NPA accounts.

Bank is receiving continued support from Government of Indiathrough capital infusion. During the financial year 2017-18,Government of India infused capital funds aggregating to`6507 Crore to strengthen capital adequacy which enabled theBank to meet the regulatory capital requirements under BaselIII as on 31.03.2018.

Major Focus Areas:

The Bank expects to recover a major amount in NPAs throughNCLT resolution. Emphasize on improving CASA deposits andretail advances will be continued at faster pace.

During the FY 2017-18, Bank has introduced many digitalapplications such as UCO Pay-e-wallet, BHIM Aadhar Pay,Bharat QR and Bharat Bill Payment System. Bank will reapbenefit of new age products on digital platform which will ushera new era in customer service. Besides Bank has successfullyimplemented Govt. flagship programme like PMJDY, Mudra,Aadhar Seeding & Authentication, PMJJBY, PMSBY, APY andPMJBY. Bank has tied up with different channel partners forpromoting their business for augmenting Bank income.

The Bank is committed to serve the public at a large and valuecreation for stake holder.

I take this opportunity to thank the Bank's Stakeholders,Government, Directors and employees for their unstintedsupport.

(+É® Eäò ]CEò®)|É¤ÉÆvÉ ÊxÉnä¶ÉEò B´ÉÆ

¨ÉÖJªÉ EòÉªÉÇ{ÉÉ±ÉEò +ÊvÉEòÉ®Ò

¤ÉéËEòMÉ =tÉäMÉ Eäò Ê±ÉB Ê®{ÉÉäË]ÇMÉ Ê´ÉkÉÒªÉ ´É¹ÉÇ ¨ÉÖÊ¶Eò±É ¦É®É ´É¹ÉÇ ®½É*EòÉ®{ÉÉä®ä] =vÉÉ®EòiÉÉÇ JÉÉiÉÉå ¨Éå Êº±É{ÉäVÉ Eäò EòÉ®hÉ ¤ÉéËEòMÉ =tÉäMÉ ¨ÉåÊMÉ®É´É] +É

16

ÊxÉnä¶ÉEò ¨ÉÆb±É EòÒ Ê®{ÉÉä]Ç : 2017-18REPORT OF THE BOARD OF DIRECTORS : 2017-18

I. MANAGEMENT DISCUSSION AND ANALYSIS:

1.GLOBAL ECONOMY

Global growth is expected to remain at 3.9% in both 2018 and2019. Advanced economies will grow faster this year and in nextyear also. Euro- areas economies are set to grow at slow rate.Aggregate growth in emerging market and developing economiesis projected to firm further, with continued strong growth inemerging Asia and Europe. US growth will slow below potentialas the expansionary impact of recent fiscal policy changes goesinto reverse. In the US, financial conditions could tighten fasterthan expected.

China's economy began 2018 on a firm note with buoyant retailsales indicating robust consumption and increasing industrialproduction. Global trade, which has been picking up since late2016 early 2017 led by strengthening global demand, capitalspending and robust manufacturing activity. World trade isprojected to grow by 4.6% in 2018. The March 2018 projectionsof the Federal Open Market Committee (FOMC) participantssuggest that the Federal Reserve Bank of USA could hike the policyrates two times in 2018. Monetary policy stances remained diversein Emerging Market Economies (EMEs) with many Central Banks inkey Emerging Market Economies (EMEs) reducing policy rates.

2. DOMESTIC ECONOMY

India grew at more than seven percent during last three years ,however in the year 2017-18 as per the Second Advance Estimateof National income released by CSO on 28th February 2018,estimated the growth of GDP at constant Market prices for theyear 2017-18 to be 6.6% and it is projected to grow 7.4% in2018-19. The WPI inflation remained at 2.5% during 2017-18and CPI inflation stood at 4.28%. The Index of IndustrialProduction grew by 4.3% during 2017-18. The production of foodgrains during 2017-18 is estimated at 277.5 million tonnes. During2017-18, the value of merchandise exports and imports increased9.8% and 19.6% respectively. Foreign exchange reserves stoodat US$ 424.4 billion as on 30th March 2018. The rupeedepreciated against the US dollar, Pound Sterling, Euro andJapanese Yen by 1.0%, 0.8%, 0.9% and 2.8% respectively inMarch 2018.

Banking and Financial Market:

The Growth of money supply on a Y-O-Y basis as of 30th March2018 stood at 9.6% and growth of currency with Public was 39.2%as of 30th March 2018. The growth rate of time deposits withBanks was 6.2% and demand deposits grew by 6.8%. The Growthof Aggregate Deposits of Scheduled Commercial Banks as ofMarch 2018 was 6.7%. In terms of Bank Credit, growth was 10.3%as of 30th March 2018. As per revised estimate for 2017-18, thefiscal deficit of Central Govt. as % of GDP is 3.5%. The fiscaldeficit is budgeted to decline to 3.3% of GDP in FY 2018-19.

In the domestic financial market, various segments have exhibiteddiverse movements. Money markets remained laden with the

I. |É¤ÉÆvÉxÉ Ê´É¨É¶ÉÇ B´ÉÆ Ê´É¶±Éä¹ÉhÉ:

1. ´ÉèÊ¶´ÉEò +lÉḈ ªÉ´ÉºlÉÉ

´ÉèÊ¶´ÉEò +lÉḈ ªÉ´ÉºlÉÉ Eäò ́ É¹ÉÇ 2018 B´ÉÆ 2019 ̈ Éå 3.9% {É® ¤ÉxÉä ®½xÉä EòÒ ºÉÆ¦ÉÉ´ÉxÉÉ½è* =xxÉiÉ +ÉÊlÉÇEò ´ªÉ´ÉºlÉÉ

17

¨ÉÉSÉÇ / March, ’14 ¨ÉÉSÉÇ / March ’15 ¨ÉÉSÉÇ / March ’16 ¨ÉÉSÉÇ / March ’17 ¨ÉÉSÉÇ / March ’18¶ÉÉJÉÉ/Branch 2894 3020 3077 3104 3108

(Global)

31¨ÉÉSÉÇ, 2017 B´ÉÆ 31 ¨ÉÉSÉÇ, 2018 EòÉä VÉxÉºÉÆJªÉÉ ¸ÉähÉÒ´ÉÉ® ¶ÉÉJÉÉ+Éå EòÉ´ÉMÉÔEò®hÉ xÉÒSÉä ÊnªÉÉ MÉªÉÉ ½è:

The population category-wise break-up of domestic branches asof 31.03.2017 and 31.03.2018 is given below.

2018 Eäò nÉè®ÉxÉ |ÉhÉÉ±ÉÒ ¨Éå SÉ±ÉÊxÉÊvÉ EòÉ ºÉÆSÉ±ÉxÉ +ÉÊvÉCªÉ +Éè® Eò¨ÉÒ Eäò¤ÉÒSÉ ½ÉäiÉÉ ®½É* ]ÅäVÉ®Ò Ê¤É±ÉÉå {É® ¤ªÉÉVÉ n®å +Éè® ´ÉÉÊhÉÊVªÉEò {ÉjÉÉå {É®ÊbºEòÉ=Æ] n®å ¤Ég ®½Ò ½é CªÉÉåÊEò ¤ÉÉVÉÉ® Eäò +xÉÖ̈ ÉÉxÉ Eäò +xÉÖºÉÉ® SÉ±ÉÊxÉÊvÉEòÒ ÊºlÉÊiÉªÉÉå ¨Éå ºÉÆiÉÖ±ÉxÉ bMÉ¨ÉMÉÉ ®½É ½è* +MÉºiÉ 2017 ºÉä ¤ÉÉÆb |ÉÊiÉ¡ò±É ¨ÉåiÉäVÉÒ ºÉä ´ÉÞÊr ½Ö

18

1.2. The domestic branches include 5 Flagship Corporatebranches, 7 Asset Management branches, 4 Servicebranches functioning independently and 1 Central PensionProcessing Centre, 1 Integrated Treasury Branch. Further,28 Retail Loan Hubs and 72 Currency Chests, 54 City Backoffices are also functioning across the country, attached tothe major city branches of various centres.

2. Business Profile

2.1 GLOBAL

Bank's Global Deposits stood at `1,81,849 crore and grossglobal advances at `1,23,990 crore as on 31.3.2018. TotalBusiness of Bank was `3,05,838 crore as on 31.3.2018compared to `3,32,940 crore on 31.3.2017.

2. EòÉ®úÉä¤ÉÉ®ú |ÉÉä¡òÉ

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2.2 DOMESTIC

Domestic Deposits of bank were `1,72,017 crore as on31.3.2018 against `1,85,102 crore as on 31.3.2017, Grossadvances were ̀ 1,08,746 crore compared to ̀ 1,12,917croreduring the above period. Total deposits of the bank declineddue to the shedding of bulk deposits and advances declinedbecause of some selective infrastructure sectors declaredas stress.

Saving deposits have grown by 6.39% from `51,456 croreto `54,746 crore as on 31.3.2018 . Current Deposits stoodat ̀ 9330 crore compared to ̀ 11323 as on 31.3.2017. Declinein Current deposits is due to decline in Iran deposits of theBank. The share of CASA deposits to total domestic depositshas increased from 33.92% in 31.3.2017 to 37.25% in31.3.2018.CASA deposits of the Bank have improved from`62,779 crore to `64,076 crore as of 31.3.2018.

2.3 Financial Performance:

During the FY 2017-18, Bank posted a Net loss of `4436crore compared to `1851 crore for the previous year FY2016-17. Net loss of the bank increased due to increase inprovisioning in FY 2017-18. Operating profit of Bank stoodat `1334 crore. Total income declined by `3299 crore whiletotal expenses of the bank also declined by `1707 crore inFY 17-18. During the year Bank made provision of `5771crore as compared to `4777 crore in FY16-17. Cost ofdeposits declined to 5.37% in FY 17-18 from 5.83% in FY16-17. Interest income of the Bank declined by `2306 crore.Cost income ratio of the Bank stood at 68.57% in FY 17-18as against 50.67% in FY 16-17.CD ratio has improved from65.41% to 68.18% during the period.

3. TREASURY & INTERNATIONAL

Bank has been performing its Treasury & Investment Operationsby keeping track of the macroeconomic scenario and market

2.2 nä¶ÉÒÊnxÉÉÆEò 31.03.2018 EòÒ ÊºlÉÊiÉ EòÉä ¤ÉéEò EòÒ nä¶ÉÒ VÉ¨ÉÉ®ÉÊ¶É ̀ 1,72,017Eò®Éäc ®½Ò VÉ¤ÉÊEò ÊnxÉÉÆEò 31.03.2017 EòÒ ÊºlÉÊiÉ EòÉä ªÉ½ VÉ¨ÉÉ®ÉÊ¶É`1,85,102 Eò®Éäc lÉÒ * ÊnxÉÉÆEò 31.03.2018 EòÒ ÊºlÉÊiÉ EòÉä ¤ÉéEòEòÉ ºÉEò±É +ÊOÉ¨É ̄ . 1,08,746 Eò®Éäc lÉÉ VÉ¤ÉÊEò ÊnxÉÉÆEò 31.03.2017EòÉä ÊºlÉÊiÉ EòÉä ªÉ½ `1,12,917 Eò®Éäc lÉÉ * lÉÉäEò VÉ¨ÉÉ®ÉÊ¶ÉªÉÉå EòÉäUÉäc näxÉä Eäò EòÉ®hÉ ¤ÉéEò EòÒ EÖò±É VÉ¨ÉÉ®ÉÊ¶É ¨Éå ÊMÉ®É´É] +É

20

¨ÉèGòÉä-

21

4.1.4 +±{ÉºÉÆJªÉEò ºÉ¨ÉÖnÉªÉ EòÉä @ñhÉ:ÊnxÉÉÆEò 31.03.2018 EòÒ ÊºlÉÊiÉ EòÉä ¤ÉéEò EòÉ EÖò±É +±{ÉºÉÆJªÉEòºÉ¨ÉÖnÉªÉ +ÊOÉ¨É `8208 Eò®Éäc ®½É VÉÉä |ÉÉlÉÊ¨ÉEòiÉÉ|ÉÉ{iÉ IÉäjÉ +ÊOÉ¨ÉEòÉ 15% ½è*

5. +xÉÚ̀ öÒ ªÉÉäVÉxÉÉBÆ:¤ÉéEò EòÒ nÉä +xÉÚ̀ öÒ ªÉÉäVÉxÉÉBÄ ½é – (1) “ªÉÚEòÉä =ilÉÉxÉ” – +{ÉxÉÉB MÉBMÉÉǼ ÉÉå Eäò MÉ®Ò¤ÉÒ ®äJÉÉ ºÉä xÉÒSÉä Eäò {ÉÊ®´ÉÉ®Éå Eäò =ilÉÉxÉ Eäò Ê±ÉB iÉlÉÉ (2)“ªÉÚEòÉä ºÉ¨ÉOÉ OÉÉ¨ÉÒhÉ Ê´ÉEòÉºÉ ªÉÉäVÉxÉÉ” – ºÉ¨ÉOÉ Ê´ÉEòÉºÉ Eäò Ê±ÉB MÉÉÄ́ ÉÉåEòÉä +{ÉxÉÉxÉÉ*

5. 1 ªÉÚEòÉä =ilÉÉxÉ ªÉÉäVÉxÉÉ : MÉ®Ò¤ÉÒ ®äJÉÉ ºÉä xÉÒSÉä Eäò {ÉÊ®´ÉÉ®Éå Eäò Ê±ÉBºÉÉ¨ÉÉÊVÉEò-ºÉ½-Ê´ÉkÉÒªÉ =ilÉÉxÉ ªÉÉäVÉxÉÉªÉÉäVÉxÉÉÆiÉMÉÇiÉ ÊVÉxÉ MÉÉÄ́ ÉÉå ¨Éå MÉ®Ò¤ÉÒ ®äJÉÉ ºÉä xÉÒSÉä Eäò {ÉÊ®´ÉÉ® ¤ÉcÒ ºÉÆJªÉÉ¨Éå ½é =xÉEòÉä ¤ÉéEò +{ÉxÉÒ ÊxÉEò]iÉ¨É ¶ÉÉJÉÉ Eäò ¨ÉÉvªÉ¨É ºÉä +{ÉxÉÉiÉÉ ½èiÉÉÊEò MÉ®Ò¤ÉÒ ®äJÉÉ ºÉä xÉÒSÉä Eäò {ÉÊ®´ÉÉ®Éå EòÉä MÉ®Ò¤ÉÒ Eäò SÉÆMÉÖ±É ºÉä UÖcÉªÉÉVÉÉ ºÉEäò +Éè® MÉÉÄ́ ÉÉå ¨Éå ºÉ¨ÉOÉiÉ: {ÉÊ®´ÉiÉÇxÉ ±ÉÉªÉÉ VÉÉ ºÉEäò*

22

¤ÉéEò xÉä ={ÉªÉÖÇHò 10 MÉÉǼ ÉÉå ¨Éå ºÉä nÉä ¤ÉéEò ºÉä́ ÉÉ ®Ê½iÉ MÉÉǼ ÉÉå Eäò OÉÉ¨É´ÉÉÊºÉªÉÉå EòÉä¨ÉÉä¤ÉÉ

23

`909.99 Eò®Éäc ½Éä MÉ

24

7.1 Ê´ÉkÉÒªÉ ´É¹ÉÇ 2017-18 Eäò nÉè®ÉxÉ B¨ÉBºÉB¨É

25

=i{ÉÉn / Product ¨ÉÉSÉÇ 2017 EòÒ ÎºlÉÊiÉ As on March 2017

¨ÉÉSÉÇ 2018 EòÒ ÎºlÉÊiÉ As on March 2018 % Growth Y-o-Y

+É´ÉÉºÉ @ hÉ /Home Loan 13049 12698 -2.69%EòÉ® @ hÉ/ Car Loan 1197 1356 +13.29%´ÉèªÉÊHòEò @ hÉ/ Personal Loan 424 464 +9.43%+xªÉ Ê®]ä±É/ Other Retail 6426 7449 +15.92%EÖò±É Ê®]ä±É / Total Retail 21096 21967 +4.13%

26

EÖò±É Ê®]ä±É @ñhÉ {ÉÉä]Ç¡òÉäÊ±ÉªÉÉä EòÒ ´É¹ÉÇ-n®-´É¹ÉÇ ´ÉÞÊr 4.13% ½è*¨ÉÉSÉÇ 17 EòÉä ºÉ¨ÉÉ{iÉ ÊiÉ¨ÉÉ½Ò EòÒ iÉÖ±ÉxÉÉ ¨Éå ¨ÉÉSÉÇ 2018 EòÉä ºÉ¨ÉÉ{iÉÊiÉ¨ÉÉ½Ò ¨Éå Ê®]ä±É @ñhÉ {ÉÉä]Ç¡òÉäÊ±ÉªÉÉä Eäò +ÆiÉMÉÇiÉ +xÉVÉÇEò +ÉÊºiÉ ¨Éå ¯.26.06 Eò®Éäc EòÒ Eò¨ÉÒ ½Ö

27

VÉÒ´ÉxÉ ¤ÉÒ¨ÉÉ {ÉÉìÊ±ÉÊºÉªÉÉå EòÒ Ê¤ÉGòÒ Eò® ¤ÉéEò xÉä {É½±ÉÒ |ÉÒÊ¨ÉªÉ¨É EòÒ`26.35 Eò®Éäc ®ÉÊ¶É =MÉÉ½Ò *

• ºÉÉvÉÉ®hÉ ¤ÉÒ¨ÉÉ Eäò EòÉ®Éä¤ÉÉ® ̈ Éå ½¨ÉÉ®É ¤ÉéEò iÉÒxÉ ºÉÉvÉÉ®hÉ ¤ÉÒ¨ÉÉ EÆò{ÉÊxÉªÉÉåEòÉ EòÉ®{ÉÉä®ä] BVÉå] ½è ªÉä EÆò{ÉÊxÉªÉÉÄ ½é : 1) ¨ÉäºÉºÉÇ Ê®±ÉÉªÉÆºÉ VÉäxÉ®±É

28

Ê´É´É®hÉParticulars 31.03.2016 31.03.2017 31.03.2018

xÉEòn ´ÉºÉÚ±ÉÒ/Cash Recovery 1368.58 2038.66 1680.04EòÉäÊ] =xxÉªÉxÉ/Up gradation 1357.86 4300.45 2610.08EÖò±É /Total 2726.44 6339.11 4290.12½ÉÊxÉOÉºiÉ +ÉÊºiÉªÉÉå ¨Éå ´ÉºÉÚ±ÉÒ(B¨ÉB±É B´ÉÆ iÉEòxÉÒEòÒ ®É

29

For portfolio reduction in GNPA, the Bank has also given specialemphasis to Sale of Assets to ARCs for the year ended 31stMarch, 2018 for `1764.29 crore as compared to `1123.41 crorein previous year.

12.2. Some Recovery initiatives:

Bank has liberal compromise Settlement scheme for NPAand ML accounts having O/s Balance up to `10.00 Lacunder which the branch heads are empowered to approveso that more NPA accounts are covered under the proposednon-discretionary/ non-discriminatory OTS Scheme.

Bank has formed 216 clusters in all the zones comprisingof 4-5 branches of highly concentrated NPAs in each clusterto maintain contact with the borrowers, organize recoverycamps at regular intervals and scout OTS proposals.Emphasis is also given for OTS/Compromise settlementfor eligible NPA accounts under all categories.

Bank has empanelled 547 Enforcement & Recovery Agentsand 84 Business Correspondents (BCs) for effective andtime-bound enforcement of action under SARFEASI Actand early resolution of NPA accounts.

The Bank is in the process of implementing the LegalManagement System with the objective to facilitate differentdepartments at Head Office & Zonal Offices for monitoringlegal matters, creating database of all cases pending beforedifferent courts for effective monitoring and early resolutionof accounts.

MAO (Many Against One) approach is adopted againstrecalcitrant borrowers on a regular basis and beingmonitored at HO level.

Countrywide Mega Recovery Camps are being organizedTwo days in every month.

Mega auction is being conducted on quarterly interval withcommon auction dates on all India basis for commercialvehicle/Cars/Tractors etc. accounts.

Mega e-auction of properties under SARFAESI Act beingconducting on quarterly basis.

Accounts eligible for NCLT are being explored vigorously.Bank closely remained in touch with other Lenders/operational creditors, on regular basis, for discussion onway forward in respect of filing NCLT cases. Most of theaccounts under NCLT are consortium / multiple bankingaccounts and are monitored for resolution on case to casebasis in consultation with leader of consortium etc. Wherethe Bank is leader of the consortium, the Bank ismeticulously following up each and every account for thepurpose of resolution.

Where the Bank is a member of Consortium / JLF, Bank istaking up the critical issues with the top management ofthe respective Leader Banks on regular basis, specificallyto convene the meeting of JLF at frequent intervals andensuring Bank's participation at suitable levels in suchmeetings.

Eligible NPA accounts are identified for Sale to ARCs fromtime to time on a regular interval. Accounts sold to ARCs of432 A/cs amounting to `6104.75 crore since inception and20 accounts amounting `1764.29 crore during the yearended 31.03.2018.

VÉÒBxÉ{ÉÒB ¨Éå {ÉÉä]Ç¡òÉäÊ±ÉªÉÉä ¨Éå Eò¨ÉÒ ±ÉÉxÉä ½äiÉÖ ¤ÉéEò xÉä Ê{ÉU±Éä ´É¹ÉÇ EòÒ ¯.1123.41 Eò®Éäc EòÒ Ê¤ÉGòÒ Eäò ¨ÉÖEòÉ¤É±Éä ¨ÉÉSÉÇ, 2018 EòÉä ºÉ¨ÉÉ{iÉ ´É¹ÉÇ ¨ÉåB+É®ºÉÒ EòÉä `1764 Eò®Éäc EòÒ +ÉÊºiÉ EòÒ Ê¤ÉGòÒ Eò®xÉä {É® Ê´É¶Éä¹É ¤É±ÉÊnªÉÉ*12.2 EÖòU ´ÉºÉÚ±ÉÒ {É½±É :

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State- specific Schemes were formulated to widen the scopeof NPA recovery as per requirement under Debt Waiver atthe State Level through the SLBC of the respective statessuch as 1) Kerala Govt. Educational Loan assistance, 2)Debt Redemption Scheme - U.P., 3) Chatrapati ShivajiMaharaj Swetkari Sanman Yojna (CSMSSY-2017) ofMaharashtra Govt. etc.

13. CREDIT MONITORING

Continued volatility and uncertainty in the economic situation haveaccentuated upsurge of bad loans in the banking industry. In thebackdrop of prompt corrective action (PCA) advised by RBI andReform Agenda for responsive and responsible PSBs as advisedby Government of India, bank has geared up in tackling thesituation by initiating measures as under.

Bank has formed High Power Committee comprising topexecutives of Bank to review SMA-2 accounts with totalcredit exposure of `5.00 crores and above fortnightly basisand directsfield functionaries for proper steps to resolvethe stress,

A separate Stressed Asset Vertical has been created atHead Office level for monitoring, follow up and resolutionof all special Mentioned Accounts above `20.00 croresunder SMA-1 and SMA-2 categories to focus recovery effortthrough a dedicated specialised and motivated team forenhanced and timely recovery.

On dispensation of earlier frameworks viz.CDR, SDR, S4A,change in management outside SDR Flexible Restructuringetc. for resolution of stress, policy for resolution of stressedassets under revised framework has been formulated andput in place.

Workshop at Zonal Office Level has been conducted forCredit Auditors to enhance quality of the credit audit reportvis-a-vis health of credit portfolio.

Entrusting executive as Nodal Officer to oversee enforcingcredit discipline by continuous monitoring to check openingcurrent accounts by borrower companies with other Banks.

Top 20 branches with higher delinquencies under each of42 zones of Bank have been followed up continuously forresolution of stress

Apart from the above, some of the other initiatives taken by thebank to improve the functioning at the grass root level include:

Bank is in process of capturing early warning signals (EWS)along with root cause analysis from system to identify thedelinquent borrowers for identification of Red FlaggedAccounts (RFA) for early detection of loan fraud andpreventive measures thereafter,

Monthly Credit Monitoring Report (MCMR) has been madesystem driven to ensure real -time monitoring by themonitoring authority.

Based on feedback from the field functionaries and as perdirections from RBI and top management of Bank ,20(Twenty) no.of circulars issued for effective credit monitoringduring 2017-18

Meeting of the Corporate Borrower under stress are beingarranged with Top Management.

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14.RISK MANAGEMENT

Introduced well-defined Contingency Funding Plan tomanage a range of scenarios of severe liquidity stress. Thefunding plan contains the details of potential contingencysources, estimated amount which can be drawn from thesesources, lead time needed and procedure detailing whenand how each of the actions will be activated.

To diversify the funding sources, we have defined an internallimit for sources of fund and tenor of funding; funding fromdifferent counterparties and funding from types ofInstruments.

Best practices at Industry level in Credit & Operational riskareas have been identified and their implementation in theBank in a time- bound manner has been initiated.

Development of Software package for Self-Assessment ofcontrols in existing processes and new products before theirintroduction has been initiated.

Root cause analysis of frauds is being carried out andnecessary changes in the respective policies / system &procedures to curb the recurrences of fraud are being done.

Policy for determination of spread for different types ofproducts, borrower and tenor over the MCLR has beenintroduced.

For effective determination of the risk appetite, policies onmoratorium limits for different types of products / facilitiesand tenor wise exposure limits for different types of fundedfacilities have also been implemented.

Be aware Be Secure" - a new initiative in pictorial formathas been designed and is being circulated amongst theBranches / Offices for increasing awareness relating toCyber Security.

To increase Information Security awareness among staff,a mandatory session has been introduced in all in-housetraining programs.

The process has been initiated for making the Credit Auditssystem driven.

15. INFORMATION TECHNOLOGY, BPR and BTD

15. 1. New Projects/Applications launched in CurrentFinancial Year

eKYC - Both biometric based and OTP based eKYCfacility is made available.

GST (Goods and Services Tax) Collection Module:As per directions from GOI/GSTN/RBI, GST CollectionModule (both Online/Offline mode), GST determinationmodule and GST Compliance module is implementedin the Bank.

Document Management System (DMS): Bank hasinitiated implementation of the centralized DocumentManagement branches.

Biometric Attendance System: Biometric attendancesystem is implemented in Head Office of the Bank. Thesame will be implemented in branches in next phase.

14. VÉÉäÊJÉ¨É |É¤ÉÆvÉxÉ :

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UCOPay+ (e-wallet) - On the auspicious occasion ofBank's 75th Foundation Day, Bank launched UCOPAY+mobile application with Instant Online Account Openingfeatures and UCO Secure app to disable/enable digitalbanking services anytime, anywhere 24x7.

BHIM Aadhaar Pay& Bharat QR : Bank is promotingdigitalization by facilitating retail payments through BhimAadhaar Pay which will allow the customer to performa purchase transaction using his/her Aadhaar Numberand biometric (Finger print/IRIS) upon the device of themerchant. Bharat QR code provides customers with aneasy scan and pay option irrespective of their card typesfor payments across merchant outlets. UCO bank islive on Bharat QR code (issuer mode) for BHIM UCOUPI and mobile banking app and Bharat QR code (Card)in acquirer mode through POS vendor

Bharat Bill Payment System (BBPS): Bank is nowLIVE in the BBPS platform developed by the NationalPayments Corporation of India (NPCI) for all kinds ofbill payments.

Digital Village Adoption: On the occasion of 75thFoundation Day, UCO Bank has proudly adopted 75villages spread across 19 States under Digital VillageAdoption Program - UCO Digi-Gram.

15. 2. Performance/Feature enhancement of existing projects

15.2.1. In-house software development:

The following feature enhancements are made in HRMSPension Slip for Retired Employees has been madeavailable in HRMS.

Implementation of Discomfort Allowance module is therein HRMS. Claim, Verification & payment through monthlysalary.Raise Issue module in HRMS package has beenimplemented to address different functional Issues facedby the employees.

Online system for Risk Control Self-Assessment (RCSA)for Branches has been implemented.

JSON Creation Toolis generated as per the requirement ofPune/Mumbai Zonal office. JSON file was generated fromFINACLE data to RBI for providing subsidy to farmers.

15.2. 2. Grid Cheque Truncation System & NACH:

90 centres were brought under CTS under the three Grids(Northern Grid - 28 centres, Southern Grid - 31 centres &Western Grid -31 centres).

E-Mandate with e-Sign facility has been implemented inthe month of October 2017. Till date, total 663 e-Mandateshave been processed.

15.2. 3. Core Banking System: To improve the functionality andto cater the requirements raised due to regulatoryauthorities, Bank has implemented various modules suchas cash Denomination Module, Centralized Locker Rentrecovery module, Centralized Cash handling chargerecovery module, capturing details of Form 60,implementation of system generated reference no. for 15G/15 H submission; seven different important daily reports

• ªÉÚEòÉä{Éä+ (

33

have been merged into a single Finacle menu "DAILYRP"for effective monitoring at branch level, NPA module hasbeen successfully implemented. Bank has alsoimplemented Capturing SMA0 module.

Bank has introduced new functionalities in Finacle, the majorones are as below:

Automatic reschedule in interest capitalization scheme onmoratorium period.

Senior Citizen saving scheme has been implemented.

15.2.4. Lending Automation Processing System (LAPS)

Six retail loan products such as Home Loan, Car Loan,Education Loan, Pension Loan, Property Loan and CashLoan are processed through LAPS. Bank is in the processof bringing few more schemes under LAPS.

15.2.5. Government Business Module (GBM):

Processing of pension record in case of revision orders forCPAO treasury has been enabled under the e-PPO project.

Pensioner's Certificates submission across the CBSbranches (Inter-sol Certificates submission) is enabled.

15.2.6. ATM - As on 31.03.2018, Bank has 2,769 ATMs.From01.04.2017 to 31.03.2018, total 155 ATMs have beeninstalled, 107 ATMs have been closed and 46 ATMs havebeen shifted to feasible sites.

15.2.7. Debit Card - As on 31.03.2018,Bank has issued 1.04crore of Debit/ATM cards as compared to 0.97crore cardsas on 31.03.2017. Out of 1.03 crore of debit/ATM cards,total number of active cards is 0.78 crore, out of which0.40 crore cards are with EMV chip. Bank is in the processof replacing all magstripe cards issued earlier.

Bank has recently implemented Green PIN initiativesenabling customers to set their Debit Card PIN at Bank'sATM on their own and thus not requiring waiting for thephysical PIN mailer.

15.2.8. Pre-paid Card - To encourage and divert customers moretowards digital payment, Bank has introduced RuPay EMVchip based pre-paid card "suvidha (e) Pre paid". This cardis reloadable and card holder can spend upto the loadedamount at ATM, POS (point of sale) & e-commerce. As on31.03.2018, number of pre-paid cards issued is 5,066 asagainst 608 as on 31.03.2017.

15.2.9. Internet Banking - Facility is available to customers forutility bills payment, for air ticket booking, online shopping,inter- bank and intra bank fund transfer etc. Bank is alsoproviding services like balance enquiry, account statement,transaction related SMS alerts, payment of indirect taxes,Direct taxes and many other banking services. The totale-banking users as on 31.03.2018 are 8.14 lac as against6.89 lac as on 31.03.2017 recording an increase of 18.14%Y-o-Y.

15.2.10. Mobile Banking - Bank has introduced Mobile Bankingservices during the year 2011-12, whereby customers cantake advantage of conducting their banking transactionsthrough mobile phones. With new version (version1.1.2),m-banking application has various new features like

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34

Bharat QR (RuPay card), OTP auto-fetch, mobile rechargethrough contact book, mobile recharge receipt generation,password protected account statement etc. .The total M-banking users as on 31.03.2018 are 8.42 lac as against5.34 lac as on 31.03.2017 recording an increase of 57.68%Y-o-Y.

15.2.11. Digital Passbook (m-Passbook) - Digital Passbookapplication (mpassbook) is also developed for enablingcustomers to view all their accounts & manage financeseffectively. Besides Hindi and English both the applicationsare available in 10 different regional languages. As on31.03.2018, total number of m-passbook users is 6.35 lacas against 2.70 lac as on 31.03.2017 recording an increaseof 135.19% Y-o-Y.

15.2.12. BHIM UCO-UPI -. Bank's UPI solution empowersmultiple bank accounts to be linked into a single mobileapplication (of any participating bank), merging severalbanking features, seamless fund routing & merchantpayments into one hood. It also caters to the "Peer toPeer" collect request, which can be scheduled and paidas per requirement and convenience. The number ofusers (as on 31.03.2018) is 1.18 lac as against 0.47 lacas on 31.03.2017 recording an increase of 151.06%Y-o-Y.

15.2.13. BHIM-BHIM (Bharat Interface for Money - BHIM App)is a Mobile App developed by National PaymentsCorporation of India (NPCI), based on the Unified PaymentInterface (UPI). BHIM allow users to send or receive moneyto other UPI payment addresses or scanning QR code oraccount number with IFSC code or MMID (Mobile MoneyIdentifier) Code to users who do not have a UPI-based bankaccount. The number of merchant on-boarding (as on31.03.2018) is 6,802.

15.2.14. USSD-The innovative payment service *99# works onUnstructured Supplementary Service Data (USSD) channel.This service allows mobile banking transactions using basicfeature mobile phone,

15.2.15. Network:

Bank has replaced Network and security device at datacentres980 no. of alternative MPLS links has been commissionedat branches and admin offices.410 no. of BSNL MPLS linkshas been upgradedCentralized antivirus has been installed in the Bank.Active Directory has been implemented in the BankInternet access is controlled through Centralized proxy atHO. The same will be extended to branches in second phase.

15.2.16. SWIFT - SWIFT system is operational in the Bank since26.06.1989.

15.3. New projects

Near Disaster Recovery (NDR):. As per RBI guidelines,to reduce loss during exigencies, Bank is in the process ofsetting up Near DR Site to enable quick recovery andcontinuity of critical business operations.

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35

15.4. AwardsDuring FY 2017-18, Bank has crossed several milestones inInformation Technology area, some of which are -

Finacle Innovation Award by M/s Infosys - Bank acquired 1stposition under Project Management category for Gen-Script.

IDRBT Innovative Mobile App 2017 - Bank was selected inthe list of Top 10 Banks for UCO MIS Dashboard andbecame 2nd Runner Up for UCO HRMS Plus mobile app.

IBA Payment Initiative Award- Bank was honoured with thisaward as Best Bank among Mid-sized Banks.

Skotch Award for Technology Innovation Mobile Application-UCO MIS Dashboard was selected in Best 100 projectsand Bank won Silver Award for UCO HRMS mobileapplication.

IDRBT Banking innovative Technology Award 2018: OurBank has been shortlisted in Top 10 Banks for UCO Secureapp and NetAssist app (a Software application for NetworkManagement).

16 Customer Service

Standardised Public Grievance Redressal System (SPGRS) isavailable for the public to lodge complaints online. 97.87% of thetotal complaints received during the financial year 2017-18 havebeen redressed . Under RTI, a total of 1207 applications werereceived, during FY2017-18 and 21 applications were yet to bereplied as on 31.03.2018. There were 284 appeals made underRTI, and 16 appeals were yet to be disposed of as on 31.3.2018

17. CORPORATE COMMUNICATIONS

Bank reinforces strong corporate reputations through its highdegree of transparency and consistency in communication withstakeholders and also disseminates timely information with clarity,coherence and credibility including information through thewebsites of the Bank on real- time basis. Bank aims to inform,persuade and involve all in the activities and growth throughsustained, consistent and relevant messages and using ajudicious mix of both external and internal communication tools.Apart from CSR activities, Publicity campaign of various RetailAssets and Liabilities, IT and MSME products through differentmedia has been main thrust of the Bank in the Financial Year2017-18. Bank takes pride in sponsoring Honorable PrimeMinister's " Mann Ki Baat" programme wherein the Bank's variousproducts namely UCO Pay, UCO Suvidha, Prepaid Cards,Government Insurance schemes and Atal Pension Yojana werebroad casted regularly.

Keeping in view the Bank's commitment towards Financialinclusion, Publicity in Rural areas had been given special attentionduring the FY 2017-18 like all previous years.

To commemorate our Bank's "Platinum Jubilee Foundation Day"on 06.01.2018, Celebrations were organized in all States. Nostones were left unturned to make the Celebrations a grandsuccess. Our honorable Finance Minister Shri Arun Jaitleyconsented and graced the celebrations at New Delhi as ChiefGuest and launched our bank's new Applications" UCO Securities"and "UCO Pay +". Postal Stamps were released to mark thePlatinum Jubilee Foundation Day by Chief Postmaster Generaland Finance Secretary, Government of India Mr Rajiv Kumar

15.4. {ÉÖ®ºEòÉ® :Ê´ÉkÉÒªÉ ´É¹ÉÇ 2017-18 Eäò nÉè®ÉxÉ ºÉÚSÉxÉÉ |ÉÉètÉäÊMÉEòÒ Eäò IÉäjÉ¨Éå ¤ÉéEò xÉäEò

36

also graced the occasion as Guest of Honour. Bank alsodistributed 25000 silver coins to all its employees and bank Boardapproved a total Expenditure of `3.25 Crores towards the same.

Aggressive Publicity was made befitting the occasion andGreetings of Our MD and CEO and Executive Directors werepublished/ broadcast/telecast in all media.

Bank is also publishing the in-house magazine "UCO Tower"where all the constituents are encouraged to participate. UCOTower also aims to create awareness of all happenings andactivities of the Bank among all employees.

Bank will continue to utilize all available Publicity tools to themaximum extent to enhance its Brand Image and will establishitself as a World-Class Customer Centric Financial Institution.

Bank has been actively engaging itself in various CSR activitiesand social causes from time to time. Fulfilment of Socio-Economic obligation is part of the Bank's Mission. In order toameliorate and become inseparable part & parcel of Nation'sSocio-economic development process, the bank has contributeda substantial amount for CSR activities during the FinancialYear 2017-18.

18. Human ResourcesHuman Resource Management Department comprises of variouscells looking after different segments of the department. All thesecells worked in tandem during FY2017-18 to create a harmoniousand productive work environment. Training and workshops wereorganized for improving/ enhancing the skills and knowledge ofthe staff.

18.1 Manpower

The Total staff strength as on 31st March, 2018 stood at 23943including employees serving overseas. The total staff comprisesof 11968 Officers, 8149 Clerks,1830 subordinate Staff and 1996House - keeping Staff. The percentage of Scheduled Castes(4942) & Scheduled tribes (1960) taken together in the total staffstrength is 28.83%. Besides, there are 3984 OBC employees inService of the Bank as on 31.03.2018. 1945 belong to the MinorityCommunities. Woman employees (5731) constitute 23.94%ofthe total Workforce as on 31st, March 2018.

18.2 IR Negotiation

During the period, the industrial Relations climate in the Bankremained by and large cordial between the Management and theUnions/ Associations. Meetings and discussions were held withUnions/ Associations at periodic intervals through mutual co-operative attitude and respect during the financial year 2017 - 18.

18.3 Reservation cell of Head Office, HRM Department

The Bank has been implementing reservation policy ofGovernment of India. Reservation and other relaxation andconcessions extended to SC/ST/OBC/Persons with Disability(PWD) and Ex-Servicemen employees is strictly adhered to inthe Bank. As per GOI guidelines, Bank has imparted Pre-promotion Training to 2052 candidates ( SC-805, ST-342, OBC-883 and PWD - 22) belonging to SC/ST/OBC and PWD categoryin this financial year 2017-18.

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37

In order to address the issues of SC/ST and OBC employee ofthe Bank, regular periodical meetings are being called, held atApex level as well as Zonal Office level (where reservation rosteris maintained) with Welfare Association of such employees. Thegrievance of such category of employees is heard in suchmeetings and subsequently, grievances are redressal as perBank's policy guidelines.

During the period, review meetings on welfare of SafaiKaramcharis has been held at three centres including HO withNational Commission for Safai Karamcharis with satisfaction.

18.4 Recruitment Cell

Bank has recruited 430 Officers during the year 2017-18. These430 officers comprise of 78 SC, 32 ST, 106 OBC and 110 women.762 clerks have also been recruited during the year 2017-18 ofwhich 119 are SC, 102 ST, 164 OBC and 219 females. Bank hasreviewed and extended the service of International Ombudsmanfor further one year on contractual basis.

18.5 Training Cell

The Bank, being a part of one of the most dynamic industries,has to keep up with the constantly changing environment bycontinuously updating its workforce with various TrainingProgrammes in the concerned Fields. In the FY 2017-18, Bankhas introduced user- friendly Online Training Management Modulein HRMS. All Zones, CSC Kolkata and all RTCs worked in tandemfor successful execution of the Module. Now, meaningfulinformation can be extracted from the Online TrainingManagement Module which helps in facilitating proper decision-making process and reducing redundant errors. Bank hasorganized exclusive Training programmes for 1st Time BranchHeads as well as Branch Heads to develop a talent pool.

In the FY 2017-18, 55 Executives, 8598 Officers, 4042 Clerksand 610 Sub- staffs were trained in our Training Centres. A totalof 4282 Officers, 961 Clerks and 97 Sub - staffs were trained atZonal Level through Locational/ Camp Based TrainingProgrammes. Bank has also sponsored Executives & Officersfor training in reputed External Training Institutes like CAFRAL,BIRD, ASCI, etc. In FY 2017-18, total of 508 Executives & Officersattended the External training programmes which helped inacquiring a global competitive edge. The Bank is continuouslyevolving the Training Department with the adoption of latestinventions to develop a sustainable solution and so as to fulfillthe desired corporate expectations.

19. Government BusinessGovernment Business Cell handles Small Savings DepositSchemes, Collection of Direct and Indirect Taxes, Central andState Government Pension, Atal Pension Yojana (APY),Sovereign Gold Bonds (SGB) and National Pension System(NPS).

During the FY 2017-18 all Branches have been authorised forthe opening of account under Public Provident Fund (PPF),Sukanya Samriddhi Accounts (SSA) and Senior Citizen SavingScheme (SCSS). Senior Citizen Saving Scheme was successfullyimplemented and operationalised through Finacle. There wasan increase in the accounts opened under PPF - 10,639 (33%)and Sukanya Samriddhi Accounts Scheme - 12,420 (158%).

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There was a substantial increase in the accounts opened underAPY Scheme. It increased three fold from 21073 to 64730 in theyear 2017-18.

Achieved 15% (`3.60 Crore) Y-O-Y growth in Turnovercommission on Government Business which includes commissionin Sovereign Gold Bonds (SGB) and Atal Pension Yojana (APY).

Goods & Service Tax (GST) collection module was successfullyimplemented and operationalised in all Branches of the Bank.

20. AUDIT & INSPECTION

To ensure strict adherence to bank's system & procedure, RiskBased Internal Audit has been conducted at 2210 branches and1147 branches have been covered under concurrent audit. Inpursuance of audit findings, prompt corrective action has beeninitiated for rectification of irregularities including recovery ofrevenue leakages.

The Offsite Concurrent Audit Surveillance (OCAS) has beenstrengthened and extended to all branches of the Bank. At presentalerts are generated in 15 critical items.

A new IS Audit Policy in line with the observation made by RBSteam of RBI has been approved by the Board of Directors of theBank. The Concurrent Audit Module and Management AuditModule are being made riskbased and system driven.

A training programme has been conducted to update theknowledge and skill of newly inducted inspecting officers. Morefocus was given to make the mobile inspecting officers familiarwith the e-THIC package of Risk Based Internal Audit.

21. VIGILANCE DEPARTMENT

During the year 2017-18, our Field vigilance Officers posted atvarious Zones/ Circles of the Bank have conducted preventivevigilance inspection at 422 branches to ensure that preventivevigilance measures are being taken up at the branches.

A number of preventive vigilance programmes were conductedat different centres of the Bank to increase awareness amongstaff on various aspects of misconducts and works associatedwith non - adherence to rules & regulation of the Bank. A two -day workshop for the Disciplinary Authorities was conducted atCSC - Kolkata during Feb'2018 on the subject "Positive approachto Vigilance".

This year Vigilance Awareness Week was celebrated acrossthe country with the theme "My Vision - Corruption Free India".Various public meetings and seminars have been organizedacross the branches and administrative offices to make bothstaff and the public more vigilant and encourage them for acorruption- free India. Various competitions like essay, debates,art, story writing etc. have been organized amongst the staffmembers and school/ college children. A Magazine" EternalVigilance" was also launched to increase awareness amongststaff members.

22. Compliance of Official Language Policy:

The bank took proactive approach to implement the OfficialLanguage Policy of the Union Government. The Bank also tookappropriate follow-up-action to implement the directives ascontained in the Annual Program with regard to the use of OfficialLanguage Hindi issued by Official Language Department, Ministryof Home Affairs, Government of India.

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During this period third Sub - Committees of the ParliamentaryCommittee on Official Language visited Pathankot Branch underJallandhar Zone on 14.06.2017, Falodi Branch under JodhpurZone on 19.09.2017 and Kavaratti Branch of Lakshwadeep underErnakulam Zone on 14.10.2017

UCO Bank Head Office, the Convenor of Town Official LanguageImplementation Committee (Banks), Kolkata was awarded FirstPrize of TOLIC of Eastern Region by Official Language Department,Ministry of Home Affairs, Govt. of India for excellence inimplementation of Official Language during the year 2016-17. OurZonal Offices at Varanasi, Jorhat & Patna received First Prize fromconcerned TOLIC for their performance in their respective towns.

23. COMPLIANCE DEPARTMENT

Bank has emphasized on compliance issues mandated by RBI.Bank has been ensuring the level of customer service, functionsand compliance of rules of deposits, advances, KYC/AML, otherservices, submission of statutory/regulatory reports, informationand data asked by RBI, GOI, SEBI & IBA, etc. through a strictcompliance system. Compliance policy was preparedincorporating necessary changes to prevent breaches incompliance and the same has been circulated throughout thebank after board approval. Test checking of compliance functionswas undertaken in 842 branches. Deficiencies observed are beingrectified. Branches/offices have been sensitized to compliancefunctions so as to avoid breaches. Critical issues were reportedand discussed at appropriate level to enhance system efficacy.Interactions are also being held with Inspection & Riskmanagement departments periodically to discuss complianceissues to arrive at measures to avoid recurrence thereof.

24. FUTURE PLAN OF BANK

The performance of the Banking sector, PSBs in particular,continued to be subdued in the current financial year. GNPA ratioof SCBs increased to more than 10%. Stressed Advances ratiorose. In this scenario, Bank future Plan and strategies are toreduce NPA and check further slippages. Bank has put all itsefforts to recover the bad loans. Moreover, containment inexpenses and increase in non-interest income will be also in focusfor a turnaround.

To reduce the expenses, the Bank has dismantled Circles officesand 18 Service Branches.The biggest challenges before the bankare to maintain RWA and CRAR as per the requirement of Govt.guidelines/Regulatory Standard. So the focus has been given onlow capital requirement advances such as LCBD business. Retail,MSME and Agriculture are the core area of the advances of theBank.

Bank has already decided not to go for high-cost deposit so thatlow-cost deposit (CASA) will be more.Among the other strategyenhancing non- interest income, reduction in expenses andpromoting e-product is also important.

25.BOARD OF DIRECTORS

25.1. Corporate Governance

Bank firmly believes in and has consistently practised goodcorporate governance woven around its core values oftransparency, professionalism and accountability. By constantlyfocusing on these aspects of its day-to-day operations, the Bankstrives to enhance shareholders' value. The Bank is committed

40

to the principles of good governance, its Board of Directors hasformed various committees of the Board to monitor every aspectof Bank's business. The systems and business processes of theBank are continuously reviewed at various levels for identifyingand strengthening areas of weaknesses, if any. The Directors ofthe Bank believe that good governance is the key to earn trust,loyalty and goodwill of clients, business associates, employeesand investors and also to have a respectable position in the societyat large.

25.2 Changes in the Board of Directors

Mr K Rajivan Nair was elected as Director on the Board ofUCO Bank under shareholder category w.e.f. 02.12.2017for a period of three years.

Dr Asish Saha was appointed as Part-time Non-officialDirector on the Board of UCO Bank w.e.f. 27.12.2017 for aperiod of three years.

25.3 Meetings of the Board of Directors

During the FY 2017-18, ten meetings of the Board of Directorswere held. The number of meetings of various committees of theBoard held during the period is given below:

ºÉÊ¨ÉÊiÉ EòÉ xÉÉ¨É +ÉªÉÉäÊVÉiÉ ¤Éè̀ öEòÉå EòÒ ºÉÆJªÉÉSl.No Name of the Committee No. of meetings held

1. ÊxÉnä¶ÉEò ¨ÉÆb±É EòÒ |É¤ÉÆvÉ ºÉÊ¨ÉÊiÉ/Management Committee of the Board 92. ÊxÉnä¶ÉEò ¨ÉÆb±É EòÒ ±ÉäJÉÉ{É®ÒIÉÉ ºÉÊ¨ÉÊiÉ/Audit Committee of the Board 63. ÊxÉnä¶ÉEò ¨ÉÆb±É EòÒ VÉÉäÊJÉ¨É |É¤ÉÆvÉ ºÉÊ¨ÉÊiÉ/Risk Management Committee of Board 24. ÊxÉnä¶ÉEò ¨ÉÆb±É EòÒ ¶ÉäªÉ®vÉÉ®Eò Ê¶ÉEòÉªÉiÉ ÊxÉ´ÉÉ®hÉ ºÉÊ¨ÉÊiÉ/Stake holders’ Relationship Committee of the Board 15. ÊxÉnä¶ÉEò ¨ÉÆb±É EòÒ ¶ÉäªÉ® +ÆiÉ®hÉ ºÉÊ¨ÉÊiÉ/Share Transfer Committee of the Board 26. ¤ÉcÒ ®ÉÊ¶É Eäò Eò{É] EòÒ ÊxÉMÉ®ÉxÉÒ ½äiÉÖ Ê´É¶Éä¹É ºÉÊ¨ÉÊiÉ/

Special Committee of the Board for Monitoring Large Value Frauds 37. ÊxÉnä¶ÉEò ¨ÉÆb±É EòÒ OÉÉ½Eò ºÉä́ ÉÉ ºÉÊ¨ÉÊiÉ/Customer Service Committee of the Board 28. ¤ÉéEò Eäò ¨ÉÉ.ºÉÆ. ºÉÆ¤ÉÆvÉÒ ¨ÉÉ¨É±ÉÉå EòÒ ºÉÊ¨ÉÊiÉ/Committee on HR Related Issues of the Bank (HR Committee) Nil9. ÊxÉnä¶ÉEò ¨ÉÆb±É EòÒ xÉÉ¨ÉÉÆEòxÉ ºÉÊ¨ÉÊiÉ/Nomination Committee of the Board 110. ÊxÉnä¶ÉEò ¨ÉÆb±É EòÒ {ÉÉÊ®¸ÉÊ¨ÉEò ºÉÊ¨ÉÊiÉ/Remuneration Committee of the Board 111. ÊxÉnä¶ÉEò ¨ÉÆb±É EòÒ ºÉÚSÉxÉÉ |ÉÉètÉäÊMÉEòÒ EòÉªÉÇxÉÒÊiÉ ºÉÊ¨ÉÊiÉ/IT Strategy Committee of the Board 412. BxÉ{ÉÒB JÉÉiÉÉå ¨Éå ´ÉºÉÚ±ÉÒ EòÒ ÊxÉMÉ®ÉxÉÒ ½äiÉÖ ÊxÉnä¶ÉEò ¨ÉÆb±É ºiÉ®ÒªÉ ºÉÊ¨ÉÊiÉ/

Board Level Committee for Monitoring Recovery in NPA Accounts 313. ÊxÉnä¶ÉEò ¨ÉÆb±É EòÒ +{ÉÒ±É ¨ÉÉ¨É±ÉÉå Eäò ÊxÉ{É]ÉxÉ EòÒ ºÉÊ¨ÉÊiÉ/

Committee of the Board for Disposal of Appeal Cases 214. ºÉ¨ÉÒIÉÉ ºÉÊ¨ÉÊiÉ (

41

ended March 31, 2018. Proper and sufficient care was taken forthe maintenance of adequate accounting records in accordancewith the provisions of applicable laws governing banks in India;and the accounts have been prepared on an on-going basis.Internal financial controls have been laid down by the bank forensuring orderly conduct of business.

25.5 Acknowledgements

The Board welcomes the new Directors, Mr K Rajivan Nair, Dr.Asish Saha and looks forward to their valuable inputs towardsthe growth of the Bank. The Directors remain thankful to theGovernment of India, Reserve Bank of India and other regulatoryauthorities for their support and valuable guidance. The Boardalso thanks other financial institutions and correspondent banksfor their co-operation.

The Board of Directors expresses its gratitude to the loyalcustomers for their trust and continuous patronage of the Bank.The Board also thanks the staff unions/associations andshareholders of the Bank for the support extended by them. TheDirectors place on record their deep appreciation of the dedicationshown by each employee of the Bank.

Ê´ÉÊvÉªÉÉå Eäò ={É¤ÉÆvÉÉå Eäò +xÉÖºÉÉ® {ÉªÉÉÇ{iÉ ±ÉäJÉÉ +Ê¦É±ÉäJÉ Eäò ®JÉ-®JÉÉ´É EòÒ+Éä® ºÉ¨ÉÖÊSÉiÉ B´ÉÆ {ÉªÉÉÇ{iÉ vªÉÉxÉ ÊnªÉÉ MÉªÉÉ; +Éè® ±ÉäJÉä ºÉiÉiÉ +ÉvÉÉ® {É®iÉèªÉÉ® ÊEòB MÉB ½é* EòÉ®Éä¤ÉÉ® EòÉ ´ªÉ´ÉÊºlÉiÉ ´ªÉ´É½É® ºÉÖÊxÉÊ¶SÉiÉ Eò®xÉä EäòÊ±ÉB ¤ÉéEò uÉ®É +ÆiÉ®®É¹]ÅÒªÉ Ê´ÉkÉÒªÉ ÊxÉªÉÆjÉhÉ ±ÉÉMÉÚ ÊEòB MÉB ½é*

25.5 +É¦ÉÉ®

¤ÉÉäbÇ xÉB ÊxÉnä¶ÉEòMÉhÉ ¸ÉÒ Eäò. ®úÉVÉÒ´ÉxÉ xÉÉªÉ®ú B´ÉÆ b÷Éì. +É¶ÉÒ¹É ºÉÉ½þÉ EòÉº´ÉÉMÉiÉ Eò®iÉÉ ½è iÉlÉÉ ¤ÉéEò EòÒ ºÉǼ ÉÞÊr ¨Éå =xÉEäò ¤É½Ö̈ ÉÚ±ªÉ ºÉÖZÉÉ´É EòÒ |ÉiªÉÉ¶ÉÉEò®iÉÉ ½è* ÊxÉnä¶ÉEòMÉhÉ ¦ÉÉ®iÉ ºÉ®EòÉ®, ¦ÉÉ®iÉÒªÉ Ê®WÉ´ÉÇ ¤ÉéEò iÉlÉÉ +xªÉÊxÉªÉÉ¨ÉEò |ÉÉÊvÉEò®hÉÉå Eäò |ÉÊiÉ =xÉEäò ºÉ¨ÉlÉÇxÉ +Éè® ¤É½Ö̈ ÉÚ±ªÉ ̈ ÉÉMÉÇn¶ÉÇxÉ Eäò Ê±ÉBEÞòiÉYÉ ½è* ÊxÉnä¶ÉEò ¨ÉÆb±É +xªÉ Ê´ÉkÉÒªÉ ºÉÆºlÉÉ+Éå iÉlÉÉ ºÉÆ{ÉEòÔ ¤ÉéEòÉå EòÉä=xÉEäò ¦É®{ÉÚ® ºÉ½ªÉÉäMÉ Eäò Ê±ÉB ¦ÉÒ vÉxªÉ´ÉÉn YÉÉÊ{ÉiÉ Eò®iÉÉ ½è*

ÊxÉnä¶ÉEòMÉhÉ ÊxÉ¹`öÉ´ÉÉxÉ OÉÉ½EòÉå Eäò ¦ÉÒ +É¦ÉÉ®Ò ½é ÊVÉx½ÉåxÉä ¤ÉéEò {É® +ÉºlÉÉ®JÉÒ +Éè® =ºÉä ±ÉMÉÉiÉÉ® ºÉÆ®IÉhÉ ÊnªÉÉ* ¤ÉÉäbÇ ¤ÉéEò EòÒ º]É¡ò ªÉÚÊxÉªÉxÉÉå/BºÉÉäÊºÉB¶ÉxÉÉå iÉlÉÉ ¤ÉéEò Eäò ¶ÉäªÉ®vÉÉ®EòÉå Eäò ºÉ¨ÉlÉÇxÉ Eäò Ê±ÉB =x½å ¦ÉÒvÉxªÉ´ÉÉn YÉÉÊ{ÉiÉ Eò®iÉÉ ½è* ÊxÉnä¶ÉEòMÉhÉ ¤ÉéEò Eäò |ÉiªÉäEò Eò¨ÉÇSÉÉ®Ò EòÒºÉ¨ÉÊ{ÉÇiÉ ¦ÉÉ´ÉxÉÉ EòÒ ½ÉÊnÇEò ºÉ®É½xÉÉ Eò®iÉä ½é ÊVÉºÉEòÒ ´ÉVÉ½ ºÉä ¤ÉéEò Eò

42

ÊnùxÉÉÆEòú 31.03.2018 EòÉä ºÉ¨ÉÉ{iÉ 7 ´É¹ÉÇ EòÒ +´ÉÊvÉ Eäò ¨É½þi´É{ÉÚhÉÇ EòÉªÉÇÊxÉ¹{ÉÉnùxÉ ºÉÆEäòiÉEòKEY PERFORMANCE INDICATORS FOR 7 YEARS PERIOD ENDED ON 31.03.2018

ÊnùxÉÉÆEòú 31.03.2018 EòÉä ºÉ¨ÉÉ{iÉ 7 ´É¹ÉÇ EòÒ +´ÉÊvÉ EòÒ Ê´ÉkÉÒªÉ Ê´ÉÊ¶É¹]õiÉÉBÆFINANCIAL HIGHLIGHTS FOR 7 YEARS PERIOD ENDED ON 31.03.2018

EòÉ®úÉä¤ÉÉ®ú ¨ÉÉxÉnÆùb÷ ¨ÉÉSÉÇ 2018 ¨ÉÉSÉÇ 2017 ¨ÉÉSÉÇ 2016 ¨ÉÉSÉÇ 2015 ¨ÉÉSÉÇ 2014 ¨ÉÉSÉÇ 2013 ¨ÉÉSÉÇ 2012Business Parameters March 2018 March 2017 March 2016 March 2015 March 2014 March 2013 March 2012

EÖò±É VÉ¨ÉÉ/Total Deposits 181849 201285 207118 214337 199534 173431 154003EÖò±É +ÊOÉ¨É/Total Advances 123990 131655 135508 151812 153163 131569 117504EÖò±É EòÉ®úÉä¤ÉÉ®ú/Total Business 305839 332940 342626 366149 352697 305000 271507ÊxÉ´Éä¶É/Investment 72590 74768 84512 69231 67846 52515 46185¤ªÉÉVÉ +ÉªÉ/Interest Income 14020 16326 18561 19359 18230 16752 14632¤ªÉÉVÉ ´ªÉªÉ/Interest Expenditure 10895 12509 13713 13797 12171 12170 10730ÊxÉ´É±É ¤ªÉÉVÉ +ÉªÉ/Net Interest Income 3125 3817 4848 5562 6059 4582 3902{ÉÊ®úSÉÉ±ÉxÉ ±ÉÉ¦É/Operating Profit 1334 2926 3603 4910 4940 3357 2811ÊxÉ´É±É ±ÉÉ¦É/Net Profit -4436 -1851 -2799 1138 1511 618 1109@ñhÉ VÉ¨ÉÉ +xÉÖ{ÉÉiÉ/Credit Deposit Ratio 68.18 65.41 65.43 70.83 76.76 75.86 76.30

(`̀̀̀̀ Eò®Éäc ¨Éå/ `̀̀̀̀ in Crore)

Ê´É´É®úhÉ / Particulars ¨ÉÉSÉÇ 2018 ¨ÉÉSÉÇ 2017 ¨ÉÉSÉÇ 2016 ¨ÉÉSÉÇ 2015 ¨ÉÉSÉÇ 2014 ¨ÉÉSÉÇ 2013 ¨ÉÉSÉÇ 2012EòÉ®úÉä¤ÉÉ®ú É̈ÉxÉnÆùb÷/Business Parameters March 2018 March 2017 March 2016 March 2015 March 2014 March 2013 March 2012

EÖò±É +ÉªÉ Eäò %°ü{É ¨Éå ¶ÉÖrù ¤ªÉÉVÉ +ÉªÉNet Interest Incomeas % to Total Income 20.64 20.70 24.05 26.04 30.99 25.88 25.02

VÉ¨ÉÉ EòÒ +ÉèºÉiÉ ±ÉÉMÉiÉ (%)Average Cost of Deposits (%) 5.37 5.83 6.11 6.35 6.17 7.12 7.30

+ÊOÉ¨ÉÉääÆ ºÉä +ÉèºÉiÉ +ÉªÉ (%)Average Yield on Advances (%) 8.69 9.60 10.17 9.92 9.91 10.63 11.28

ÊxÉ´É±É ¤ªÉÉVÉ ¨ÉÉÌVÉxÉ (%) /Net Interest Margin (%) 1.32 1.56 2.16 2.35 2.82 2.34 2.77

{ÉÚÆVÉÒ {ÉªÉÉÇ{iÉiÉÉ (%)Capital Adequacy (%)

¤ÉÉºÉä±É- III/BASEL - III 10.94 10.93 9.63 12.17 12.68

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