Highlights of Bank s Performance during QE Sep'2015

The macro picture the economic outlook is far from stable with the expansion in factory output growth slowing down yet again in September and the Consumer Price Index rising for the third straight month based on results of 2300 companies which have declared results so far, it was another muted quarter for India Inc, with aggregate profit growth at both the operating and net level growing at only under one per cent over a year-ago period the outlook for exports continues to be gloomy. Exports of goods slid for the 11 th consecutive month falling 17.53 per cent to $21.35 billion in Oct 2015 compared to the same month last year the recovery in infrastructure remains confined to a few sectors the downtrend in growth has resulted in excess capacity and consequently lack of pricing power the weak global backdrop is likely to keep external demand muted and the much-awaited private sector investment pick up could take longer given the stressed assets in the system, debt overhang in key sectors and global excess capacity sustained recovery in consumer demand aggravated by lack of rural demand - is still awaited rural demand has been dented by (a) a projected 2% drop in kharif grain harvest, (b) damages to the 2014-15 rabi crop from unseasonal rains, (c) a plunge in commodity prices for more than a year, and (d) low wage growth 3

Highlights of Bank s Performance during QE Sep'2015 DEPOSITS at Rs. 216,464 Cr. (Rs.203,554 Cr.) as on 30 th Sep'2015, registered 6.34% growth over the year-ago position despite more than Rs. 3056.71 Cr. drop in our Iranian Vostro a/c deposits (caused by sharp fall in the INR component of deposits by Indian oil importing companies ) our Core Deposit at Rs. 150,755 Cr. (Rs. 136,614 Cr.) as on 30 th Sep'2015 grew 10.35% YoY Cost of deposit at 6.17% for Q2FY15-16 was maintained at the same level as in the Jun 2015 qtr. (6.12%) and was less by 31 basis points over the corresponding qtr last FY ADVANCES Golbal Advances at Rs. 143,598 Cr. (Rs. 143,163 cr.) as on 30 th Sep'2015 remained at the same level as at year ago in the backdrop of Bank containing large corporate advances keeping in mind the operating environment the AAA rated borrowers preferring to tap the Money Market for funds at finer rates, after pre-paying Bank s loans Retail Assets as on Sep 2016 saw rise of 12.37% YoY Home Loan clocked 27.30% YoY growth Loans to SME sector grew 14.19% INCOME Total income in Q2FY15-16 increased to Rs. 5,308 Cr. from Rs. 5,257 Cr. in Q2FY14-15 Net Interest Income saw 2.38% YoY rise at Rs. 1,416 Cr. (Rs. 1,383 Cr.) in the Jul-Sep 15 qtr. Other income in Q2FY15-16 grew 14.5% YoY to reach Rs.411 Cr. (Rs. 359 Cr.) 5

Highlights of Bank s Performance during QE Sep'2015 PROFITS Operating Profit for Q2FY15-16 at Rs 1129 Cr. recorded a 6.91% growth over the corresponding qtr in last FY (Rs. 1056 Cr.) despite (a)reducing base rate, & (b) operating in a very challenging environment with subdued loan growth Bank s Net Profit for the qtr. registered a sharp 50% growth to clock Rs. 156 Cr. (Rs. 104 Cr.) SOME IMPORTANT RATIOS Domestic NIM during the qtr. stood at 2.45% As on 30 th Sep'2015, NPA provision coverage ratio at 53.90% was 6 basis points more than at QE 30 th Jun 2015 Cost to income ratio for Q2FY16 at 38.22 improved by 117 basis points over corresponding qtr last FY when it was 39.39 Bank s CAR as per Basel-III as at QE Sep'2015 was healthy at 11.59 6

Movement of business parameters [ Amt. in Rs. Crore except otherwise mentioned] PARAMETERS QE/ As on Change (%) 30 Sep'2015 31 Mar'2015 30 Sep'2014 Sep'15/ Sep'14 Total Deposit at end of Qtr 216464 214337 203554 6.34 Total Advance at of Qtr 143598 151812 143163 0.30 Total Income 5308 5263 5257 0.97 Net Interest Income 1416 1276 1383 2.39 Operating Profit 1129 1227 1056 6.91 Provisions 972 1018 952 0.21 Net Profit 156 209 104 50.00 Gross NPA (Rs.Cr.) 12227 10265 7447 64.19 Gross NPA % 8.51 6.76 5.20 - Net NPA (Rs.Cr.) 7123 6331 4389 62.29 Net NPA % 5.15 4.30 3.15 - CASA 30.87 32.23 32.43 - Cost to income (%) 38.22 39.26 39.39 - ROA 0.26 0.35 0.17 - NIM (Global) 2.32 2.12 2.32 - NIM (Domestic) 2.45 2.27 2.48 - NPA Prov coverage 53.90 52.65 53.21 - Book Value per share (Rs.) 115.25 111.00 111.26 3.75 7

Deposit components [ Amt. in Rs. Crore ] Parameters A) Deposit (Domestic) (i+ii+iii) As on 30-Sep'15 As on 31-Mar'15 As on 30-Sep'14 196511 193552 183692 Current 22956 26149 24997 Savings 37711 36226 34580 i. CASA 60667 62376 59577 Share of CASA (%) 30.87 32.23 32.43 ii. Normal Term Deposit 90088 83022 77037 iii. Bulk Deposit 45756 48154 46999 Core Deposit 150755 145398 136614 B) Deposit (Overseas) 19953 20784 19861 C)Total Deposit (Global) 216464 214337 203554 Bank s Savings Deposit at Rs. 37,711 Cr. & Core Deposit at Rs. 150,755 Cr. as on 30 th Sep'2015 grew 9.05% & 10.35% YoY, respectively 9

Investment Portfolio as on 30-09-2015 Investment in SLR (G Sec) Portfolio Amount INR Crore % to NDTL HFT 0.00 0.00 AFS 31,299.30 15.85 HTM 31,120.86 15.77 Sub Total (Investment in SLR) 62,420.16 31.62 Investment in Non - SLR HFT 0.00 0.00 AFS 7,611.81 3.86 HTM 189.63 0.10 Sub Total (Investment in Non - SLR) 7,801.44 3.96 Gross Total (SLR + Non-SLR) 70,221.60 35.58 Through judicious utilization of market opportunities, Bank achieved strong treasury gains. During Q2FY 16 treasury recorded profit of Rs. 273 Cr. (Rs. 117 Cr.) from sale of investment and exchange transactions, which was 133% more compared to corresponding quarter last year There was no depreciation in value of Fixed Income securities during the qtr. 10

Investments over the years [ Amts. in Rs. Crore ] 31.3.2011 31.3.2012 31.3.2013 31.3.2014 31.3.2015 30.9.2015 SLR (G-sec) 34963 40092 43347 53017 55368 62420.16 Non-SLR 6425 4946 7987 12782 12017 7801.44 TOTAL 41388 45038 51334 65799 67385 70221.60 CATEGORY Composition as on 31.3.2011 31.3.2012 31.3.2013 31.3.2014 31.3.2015 30.9.2015 H T M 27675 32827 35661 46064 42637 31310.48 % of Net Investment 67.17 73.56 69.81 70.28 63.27 44.59 A F S 13713 12032 15673 19735 24748 38911.12 % of Net Investment 33.28 26.96 30.68 30.11 36.73 55.41 H F T 0 179 0 0 0 0.00 % of Net Investment 0.00 0.40 0.00 0.00 0 0.00 Gross Investment 41388 45038 51334 65799 67385 70221.60 Depreciation & Provision 188 410 248 254 328 354 Net Investment 41200 44628 51086 65545 67057 69867.60 11

Impaired Assets movement Q-o-Q [ Amt. in Rs. Crore ] Due to close & pro-active monitoring of asset health, fresh slippages in the quarter at Rs. 1876 Cr. was 11.82% less compared to Q2FY14-15 slippage of Rs. 2128 Cr. 24.3% of new NPAs during Jul-Sep 15 were restructured assets amounting to Rs. 455.72 Cr., with maximum slippages in Infrastructure, Real estate, Pharmaceutical & Engineering industries As on 30 th Sep 2015, Bank s Restructured Std. assets at Rs. 9642 Cr. decreased 25.14% over the year-ago position(rs. 12,879 Cr.) and by 4.04% over 30 th Jun 2015 position ( Rs. 10048 Cr.) Parameters As on / during the QE Sep'15 As on / during the QE Mar'15 As on / during the QE Sep'14 Gross NPA (Opening Balance @ beginning of Qtr) 10894.41 9530.63 6346.32 Fresh Slippage (during the Qtr) 1876.28 2074.27 2127.68 Recovery + Upgradation 365.69 792.03 644.90 Write off 178.34 547.82 382.45 Gross NPA (Amt.) 12226.66 10265.05 7446.65 Gross NPA (%) 8.51% 6.76% 5.20% Net NPA (Amt.) 7123.11 6330.58 4388.67 Net NPA (%) 5.15% 4.30% 3.15% 13

Sector wise NPAs (Domestic) [ Amt. in Rs. Crore ] Parameters As on / during the QE Sep'15 Mar'15 Sep'14 1 Agriculture & Allied Activities 1561.58 1398.43 861.81 2 Micro & Small Industries 1689.65 1401.26 1182.24 3 Medium Industries 1024.42 737.63 545.24 4 Large Industries 5024.04 4190.48 2943.95 5 Services 1265.95 1109.00 877.34 6 Retail 912.61 766.98 395.67 7 All Others 248.29 278.00 229.27 Total 11726.56 9781.78 7035.52 NPAs from Large & Medium industries at Rs. 6048.46 Cr. constituted 51.58% & those from Agri & Allied sectors 13.32% of total NPAs as on 30 Sep'2015 14

Restructured Standard Assets Q2 FY 2015-16 Details Amt.(Cr.) Total Restructured Assets as on 01 July 2015 10048.48 Add: Standard Accounts restructured during Q2 FY 2015-16 4.18 Less: Total Standard Restructured accounts closed during Qtr.* 0.00 Add: Increase/Decrease in O/s balance during the quarter 44.66 Less: Accounts slipped to NPA 455.72 Total Standard Restructured as on 30 Sep 2015 9641.60 % age of Restructured Advances to Total Loans and Advances as on Sep, 2015 [Global Advances being Rs. 143598 crores] 6.71 * Including the accounts which cease to attract higher provisioning Industry As on 30-09-2015 As on 31-03-2015 As on 30-09-2014 Iron and Steel 3204.85 3702.57 2342.12 Infrastructure 2455.27 2664.09 2538.12 Power and Distribution 2011.13 2239.07 4713.53 Textiles 296 371.31 358.33 Cement 110.95 109.91 107.58 Others 1563.40 1708.83 2819.05 Total 9641.60 10795.78 12878.73 15

Income, Expenditure & Profit (Global) [ Amt. in Rs. Crore] During Change During Change Q2 FY 16 Q2FY 15 Amt. % H1 FY 16 H1FY 15 Amt. % I)Total Income (a+b) : 5308 5257 51 0.97 10477 10652-175 -1.64 a)interest Income 4897 4898-1 -0.02 9626 9971-345 -3.46 Interest on Advances 3392 3520-128 -3.64 6724 7221-497 -6.88 Income on Investments 1346 1269 77 6.06 2598 2527 71 2.80 Other Interest Income 159 109 50 45.87 303 223 80 35.88 b)other Income 411 359 52 14.48 851 681 170 24.96 II)Total Expenses 4179 4201-22 -0.52 8187 8394-207 -2.47 Interest Paid 3481 3515-34 -0.97 6839 7104-265 -3.73 Operating Expenses 698 686 12 1.75 1348 1290 58 4.50 III)Operating Profit (I-II): 1129 1056 73 6.91 2290 2258 32 1.42 IV)Provisions 973 952 21 2.20 1878 1633 245 15.00 V)Net Profit (III-IV) : 156 104 52 50 413 625-212 -33.92 Net Interest Income 1416 1383 33 2.39 2787 2866-79 -2.76 17

Ratio Analysis During During Q2 FY 16 Q2FY 15 H1 FY 16 H1FY 15 Cost of Deposit (%) 6.17 6.48 6.14 6.51 Yield on Advances (%) 9.33 9.77 9.23 9.93 Yield on Investment (%) 7.91 8.10 7.92 8.07 Net Interest Margin Global (%) 2.32 2.32 2.33 2.44 Net Interest Margin Domestic (%) 2.45 2.48 2.45 2.60 Cost to Income Ratio (%) 38.22 39.39 37.04 36.35 GNPA (%) 8.51 5.20 8.51 5.20 NNPA (%) 5.15 3.15 5.15 3.15 NPA Provision Coverage (%) 53.90 53.21 53.90 53.21 CRAR (Basel-III) (%) 11.59 12.22 11.59 12.22 18

Profitability Indicators During During Q2 FY 16 Q2FY 15 H1 FY 16 H1FY 15 Return on Assets (%) 0.26 0.17 0.35 0.53 Return on Equity (%) 5.29 3.91 7.00 11.79 Book Value per Share (Rs.) 115.25 111.26 115.25 111.26 Earnings per Share (Rs.) 1.45 1.02 3.84 6.16 Net Worth (Absolute) excl. revaluation reserve 11998 10910 11998 10910 Op. Profit to AWF (%) 1.85 1.77 1.92 1.92 Net-interest income to AWF (%) 2.32 2.32 2.33 2.44 Non-interest income to AWF (%) 0.67 0.60 0.71 0.58 19

Capital Adequacy [ Amt. in Rs. Crore] PARAMETERS 30-09-2015 31-03-2015 30-09-2014 Total Risk Weighted Assets 132020 126380 121188 Credit Risk 100804 105682 101684 Market Risk 18514 10872 9677 Operational Risk 12702 9827 9827 Total Capital Fund 15300 15376 14805 Tier I Capital Fund 11432 11432 10237 Tier II Capital Fund 3868 3945 4568 Under BASEL II Capital Adequacy Ratio (%) 12.20 12.91 12.67 Tier I (%) 8.69 9.08 8.51 Tier II (%) 3.52 3.83 4.16 Under BASEL III Capital Adequacy Ratio (%) 11.59 12.17 12.22 Tier I (%) 8.66 9.05 8.45 Tier II (%) 2.93 3.12 3.77 20

As on Changing Employee profile Employee Profile Officers Staff All UCO Number Av. Age Number Av. Age Number Av. Age 31-Mar-11 8274 49.73 14752 49.69 23026 49.70 31-Mar-12 9059 48.88 14088 49.78 23147 49.43 31-Mar-13 10821 45.27 13288 48.06 24109 46.81 31-Mar-14 11594 43.79 12963 48.00 24557 46.01 31-Mar-15 12279 41.58 12957 45.80 25236 43.75 30-Sep-15 12495 40.87 13126 44.59 25621 42.78 percentage of officers below 30 yrs which was only 7.28% as on Mar 2011 has increased almost 5 times to 34.65% as on Sep'2015 the average age of employees has come down from 49.70 as on Mar 2011 to 42.78, as on Sep'2015. For officers it has come down to 40.87 years from 49.73 years, during the same period Age Profile As on <= 30 yr >30 yrs to 45 yrs > 45 yrs to 55 yrs >55 yrs 31-Mar-11 Officers 7.28% 10.99% 47.79% 33.95% 30-Sep-15 Officers 34.65% 22.53% 14.81% 28.01% 31-Mar-11 Staff 4.19% 14.70% 47.92% 33.19% 30-Sep-15 Staff 25.36% 15.60% 26.66% 32.37% 31-Mar-11 All UCO 5.30% 13.37% 47.87% 33.46% 30-Sep-15 All UCO 29.89% 18.98% 20.88% 30.24% 22

Notable New initiatives system has been put in place for our current account customers to receive monthly statement of account in their registered e-mail ID facility for recording new/ deleting existing Standing Instruction has been introduced for ebanking users system has been introduced for sending SMS to customer s registered mobile number in the event of business decline of ATM transaction RuPay enabled EMV chip card with validity of 7 years has been introduced Bank has tied up with www.freecharge.in for offering discounted promotional offers to our valued customers on online recharge using UCO BANK DEBIT CARD three new payment gateways i.e. Atom, Worldline, Zaakpay for providing direct debit facility through Net Banking to our Bank s customers taking the total such tie up to 11 (with payment gateways) Goibibo.com for offering discounted promotional offers on travel bookings i.e. Domestic and International Flights, Hotels and bus bookings Bank has launched a holistic new mobile application which offers services like IMPS, ticketing, recharges and Bill payments necessary infrastructure has been put in place such that all Zonal Offices, Circle Offices, Staff Training Colleges and HO departments of the Bank are equipped with Video Conferencing facility 23

Thank You. 24