Improved performance of urban co-operative banks

March 20, 2018 admin 0 Comments co-operative banks, UCBs, Urban cooperative banks(UCBs)

Urban cooperative banks (UCBs) recorded an increase in net profit to Rs.3,900 crore in 2016-17, compared with Rs.3,700 crore in 2015-16.

While the loans and advances of UCBs stood at Rs.2.61 lakh crore (Rs.2.44 lakh crore), gross non-performing assets (NPAs) reached Rs.18,600 crore (Rs.15,000 crore) during the period.

The report said that the balance sheet of UCBs expanded in 2016-17 on account of higher growth in net worth (capital plus reserves) and deposits on the liability side.

The capital of UCBs increased to Rs.12,200 crore in 2016-17 from Rs.11,000 crore in 2015-16.

While reserves went up to Rs.33,500 crore (Rs.29,600 crore) during the period, deposits increased to Rs.4.43 lakh crore (Rs.3.92 lakh crore).

India has 95,946 credit cooperatives. This includes 1,562 UCBs and 94,384 rural cooperatives.