UCO Bank Ltd(TP Rs 28): *A must read: Bleeding on all fronts:Worst placed in Indian banking space*

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%)

Finally borrowings have increased by 68.56%
Operational Risk Weight has increased from 9826 cr to 12702cr
*Stock likely to make new low*