UCO Bank Ltd(TP Rs 21-24): *A must read: Bleeding on all fronts:Worst placed in Indian banking space*

DenOfWealth Exclusive:
1) *Actual Loss for Q4 Rs 3390cr*: UCO has declared Q4 Loss of 1715cr. However, this loss is after DTA/DTL write back of Rs 1681cr. Thus, ACTUAL LOSS from operations for Q4 is whopping 3390 CR.
2) UCO has shown FY16 Loss at 2799 CR ( after DTA/DTL Rs 1681cr). Thus, *actual Loss for FY16 is Rs 4480cr*
3)GNPA 15.43%
4) Nnpa 9.09%
5) Capital Adequacy Ratio has fallen to 9.83% which is much below RBI prescribed 12%. Moreover, this *CAR after considering Revaluation Reserve of Rs 2365cr. But for same, CAR would have bn still lower*
6) Fresh Slippages in FY 16 Rs 14942cr out of which *7794cr in Q4 alone. Fresh slippage are 11.02% of Advance whereas RBI guidelines prescribe fresh slippage upto 1% only*
7) Bad Loans ballooned from 1836cr to 6299cr
8)Pension fund from 630cr to 1228cr
9)*Advance down* 19.74%YTY
10)*Demand deposit down* 23.4% YTY
11)*Claims not acknowledged as debt* Rs 1725cr. If it crystalizes, another big blow
12)*Interest income* down 12.56% YTY
13)*Operating profit* down 26.61%
14)*Income from sale of investment* down 29%
*Q4FY16/Q4FY15*:
a)*NIM 1.63% only* (2.12%)
b)*Return on Asset*-3%(.35%)
c)*Return on Equity*-27%
d)*Profit per employee* :Loss 6.92lacs(.89lacs)
e)*Cost Income Ratio* 60.81%(39.26%)
f)*Yield on Investment* 9.10%(10.24%)
*Not one +ve. Each parameter -ve/down*
Finally borrowings have increased by 68.56%
Operational Risk Weight has increased from 9826 cr to 12702cr
With sharp deterioration on all fronts, revival of its fortunes is unlikely without HUGE govt support as Bank will not be able to raise funds thru IPO or Tier II
*Stock likely to make new low. SELL SELL*