United Bank of India continues to grow from
strength to strength, adding not only to profits but also to Capacities to undertake new
business. Total business increased by 19.3% from Rs 31,179 crore to Rs 37,187 crore.
Deposit increased to Rs 25,348 crore registering
a growth of 11.4%.
During the year, the Bank registered an increase
of Rs 3,418 crore in Gross advances from Rs 8,421 crore in March 2004 to Rs 11,839 crore in
March 2005 recording an all time high growth rate of 40.6%.
Credit-Deposits Ratio (CDR) rose to 46.7% from
37.0% in March 2004.
Operating profit increased to Rs 690 crore
during 2004-05 compared to Rs 613 crore in the previous year.
Net profit after making provisions was Rs 300
crore.
The Bank is focusing on lending to agriculture,
small scale industries, infrastructure, retail and corporates.
The Bank met the directives of Government of
India for doubling the flow of credit to agriculture and its disbursement to agriculture
amounted Rs 1066 crore forming 41.5% over the disbursement made in agriculture in the previous
year.
Priority sector credit increased from Rs 3534
crore to Rs 4557 crore.
Agricultural credit increased from 1222 crore to
Rs 1607 crore.
SSI credit increased from Rs 511 crore to Rs 820
crore.
During the year, retail lending increased from
Rs 961 crore to Rs 1808 crore forming 15.3 % of total advances.
The percentage of standard assets increased to
94% in March 2005 compared to 91% in March 2004.
Net NPA ratio dropped to 2.43% from 3.76% in the
previous year.
During the year the Bank completed 100%
computerization of its 1310 branches.
Bank has successfully participated in the Real
Time Gross Settlement (RTGS) system during the year. The facility is now available from 39
branches across the country.
With a view to enlarge the coverage of potential
centers, the bank opened 10 branches. Three branches in metropolitan areas were merged. First
branch in the State of Sikkim opened.
The Bank continued to maintain its safety net by
achieving Capital Adequacy Ratio at 18.16% as against the stipulated norm of 9%.
Staff productivity increased during the year.
Business per employee increased to Rs 2.08 crore in March 2005 from Rs 1.69 crore in March
2004.
Business per branch increased from Rs 23.9 crore
to Rs 28.4 crore.
