Quarterly Results of Public sector banks for Q2FY19


UCO Bank Q2 net loss widens as bad loans rise

State-owned UCO Bank Monday reported widening of net loss to Rs 1,136.44 crore for the second quarter of 2018-19, on rising bad loans. The bank had registered a net loss of Rs 622.56 crore in the September quarter of 2017-18. In the June quarter this fiscal, the company’s net loss stood at Rs 633.88 crore.

Total income also fell to Rs 3,749.18 crore in the reported quarter as against Rs 3,757.51 crore in the same period of 2017-18, the bank said in a BSE filing.

The bank’s asset quality worsened as the gross non-performing assets (NPAs) soared to 25.37 per cent of the gross advances as on September 30, 2018 as against 19.74 per cent by the end of September 2017.

Net NPAs were 11.97 per cent as compared to 9.98 per cent in the year-ago period.

In absolute terms, gross NPAs or bad loans stood at Rs 29,581.49 crore at end-September 2018 as against Rs 24,434.95 crore earlier. Net NPAs rose to Rs 11,820.21 crore from Rs 11,008.23 crore.

Due to mounting NPAs, the bank hiked the provisions for bad loans to Rs 1,410.94 crore during the reported quarter, up from Rs 1,323.36 crore in the year-ago period.

The non-performing loan provisioning coverage ratio is 67.61 per cent as on September 30, 2018, UCO Bank said.


Bank Of India Posts Q2 Loss As Bad Loan Provision Jumps

State-owned Bank of India on Monday reported a net loss of 1,156.25 crore for the quarter ended September this year due to a jump in provisions for bad loans.

The bank had posted a net profit of 179.07 crore in the corresponding July-September period of the last fiscal. It had a net profit of 95.11 crore in the April-June quarter of the 2018-19 fiscal.
Total income of the bank fell to 10,800.24 crore during the quarter ending September from 11,600.47 crore in the same period of 2017-18, according to a regulatory filing by Bank of India.
Provisions towards bad loans rose to 2,827.62 crore in the July-September quarter of 2018-19 from 1,866.82 crore in the year-ago quarter.
Its gross non-performing assets (NPAs) hit 16.36 per cent of gross advances by September-end 2018 against 12.62 per cent as on September 30, 2017.
However, gross NPAs were down compared to 16.66 per cent by the end of June quarter of the current fiscal.
Net NPAs jumped to 7.64 per cent at September-end from 6.47 per cent in the year-ago period. As on June 30, 2018, the net NPA proportion was at 8.45 per cent.

In value terms, gross NPAs of the bank stood at 61,560.65 crore by the end of September quarter, 2018-19, as against 49,306.90 crore in the year-ago period. Net NPA stood at 25,994.15 crore as against 23,565.73 crore.

Govt pumps Rs 3054 cr into one of the PSB

Allahabad Bank on Thursday said the government had infused Rs 3,054 crore into the state-run lender.
“In terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the bank has received a communication from the Government of India, Ministry of Finance, Department of Financial Services regarding fresh capital infusion of Rs 3054 crore towards contribution of the central government in the preferential allotment of equity shares (special securities/bonds) of the bank during financial year 2018-19, as government’s investment,” Allahabad Bank said in a notification to the BSE.

The bank had posted a June-quarter loss of Rs 1,944 crore against a profit of Rs 28.8 crore a year ago. The interest earned by the bank during the first quarter stood at Rs 4,600 crore, compared with Rs 4,148 crore in the same period of the previous fiscal.
Provisions and contingencies rose to Rs 2,763 crore during the April-June quarter, from Rs 1,335 crore in the year-ago period. Provisions for non-performing assets (NPAs) during the quarter came in at Rs 2,950 crore versus Rs 1,687 crore a year ago. Gross NPAs stood at 15.97% of the total advances against 15.96% in the previous quarter, while net NPAs were at 7.32% against 8.04%.

Indian Bank Q2 Net Profit Declines 67%

Indian Bank today reported 67% YoY decline in net profit to Rs. 150 crore for the quarter ended September. In the same quarter a year ago, the public sector bank reported a net profit of Rs 451.5 crore.

NII or net interest income that is the difference between interest earnings and interest expended grew YoY by 12.1% to Rs. 1730.9 crore during Q2Y19. In the corresponding period last year, NII stood at Rs 1,544 crore. 

Operating profit for the quarter also came in lower at Rs. 1191 crore. Contingencies and provisions at the bank also increased YoY by 34.9% to Rs. 1004.3 crore during the period under review versus Rs. 744.50 crore in the same quarter last year. Gross NPAs at the lender increased marginally from 7.16% to 7.20% on a quarter on quarter basis. In the corresponding quarter last year, percentage of gross non-performing assets stood at 6.67%.

The percentage of net NPAs also came in higher at 4.23% during July-September quarter in comparison to 3.79% in Q1FY19. In the same quarter last year, Net NPAs came in at 3.41%. 

Duties of subordinate staff in Bank

In addition to the duties of the sub ordinate staff cadre they will be required to perform the following duties :

1. To take money orders, to buy stamps etc., which involves carrying of cash not exceeding Rs.5000/- and to carry insured letters etc. to post office;
2. to Stitch currency note bundles;
3. to stitch and seal parcels and packets containing currency notes;
4. to transit cash from the bank to an office outside or vice versa, if unaccompanied by a watchmen/Armed Guard.

1. Obtaining acceptance of bills of exchange, hundies etc., drawn on local parties or banks and /or collecting payments thereof.
2. Collecting payments for cheques or postal order etc., from banks or post office counters. They may also required to collect cash not exceeding Rs. 5,000/- at a time against various instruments.
3. Simple binding of books and registers;
4. Press-copying;
5. Filing independently letters and other papers in respective files as per indications marked thereon;
6. Assisting in issuing stationery;
7. Stacking under guidance, old records in orderly manner and assisting in giving them out when required; and
8. Undertaking the whole process of sorting, arranging; numbering, tallying the total number of and stitching the vouchers.

Required to assist in supervision of various matters pertaining to subordinate staff like:
1. Cleanliness of the office premises;
2. Cleanliness of the uniforms;
3. Leave arrangements;
4. Arrangements for safe-keeping of keys; and
5. Distribution of duties amongst the subordinate staff.

Required to operate the lifts on regular assignment.

Other than "Armed Guards" who are required to perform watch and ward duties, i.e. to watch or look after the premises or a department for the purpose of its safety, security and guard against infiltration and removal of the bank's property by any unauthorized persons AND/OR to watch and guard as above, the movement of cash from one place to another inside the bank premises or outside, where an armed guard is not employed at the Branch/Office.

Required to perform watch and ward duties i.e. to watch or look after the premises or department for the purpose of its safety, security and guard against attack or assault or infiltration and against removal of the Bank's property by any unauthorized persons AND/OR to watch and guard as above the movement of cash from one place to another whether inside or outside the Bank, for which purpose they are required by the Bank to carry
any of the following weapons:-
(i) Gun, Pistol or any other fire arm; or
(ii) Dagger, sword, khukri, or spear; or
(iii) Any other licensed weapon.

'Retainer' : Peon (other than watchmen) whose names are registered in the Bank's licence as 'Retainers' will, when they perform "Armed Guard" duties, be entitled to special pay for "Armed Guards" pro-rate.

1. Obtaining acceptance of bills of exchange, hundies etc. drawn on local parties or banks and/or collecting payments thereof:
2. Collecting payments for cheques or postal orders, etc. from banks or post office counters;
3. They may also be required to collect cash not exceeding Rs.4000/- at a time against various instruments.

Persons who under the supervision of the technician attend to routine maintenance of and minor repairs to Air conditioning plants.

Their work involves carrying out semi-skilled electrical work like routine maintenance of electrical equipment, effecting minor repairs to electrical fixtures and applications.

Required to drive, maintain and effect minor repairs (not requiring a technician's skill) to motor cars, motor vans, station wagons, scooters, motor cycles or other motor vehicles.

Duties of Clerical Staff in Bank


The following duties shall form part of the normal duties of the clerical cadre and for the performance of which no special pay shall be payable.

(a) Acknowledgments of inward mail received.
(b) Receipt of cheques, drafts, dividend warrants, pay orders and other like instruments other than bills and giving acknowledgment in the counterfoil.
(c) Delivery of cheque books subject to authorisation by competent authority.
(d) Issue cash receipt.
(e) Issue of ESI stamps wherever applicable or may become applicable.
(f) Recounting of currency notes by cash department staff.
(g) Ensuring the proper contents in covers and envelopes including registered ones before dispatch.

All clerks shall also perform all duties and functions of their cadre, either online or manually, which does not involve any passing or supervisory function of an officer of the bank. The clerk will wherever and whenever required, function as a Single Window Operator and perform the following duties duties:

a. Passing and cash payment of all cheques/withdrawal forms/banker’s cheques/ gift cheques/ etc. upto and including Rs. 10,000/-.
b. Passing independently clearing and transfer cheques, vouchers, etc. (whether credits or debits) upto and including Rs. 15,000/-.
c. Receipt of cash and issuance of pre-signed drafts/ gift cheques/ travelers cheques/ pay orders/ bank orders, etc. upto and including Rs. 15,000/-.

In addition to the duties of SWO-A as stated above, the duties of Single Window Operator - B will include:

a. Passing and cash payment of all cheques/ withdrawal forms/ bankers’ cheques/ gift cheques, etc. up to and including Rs. 20,000/-.
b. Passing independently clearing and transfer cheques, vouchers, etc. (whether credits or debits) up to and including Rs. 25,000/-.
c. Receipts of cash and issuance of pre-signed drafts/ gift cheques/ travellers’ cheques/ pay order/ bank orders, etc. upto and including Rs. 25,000/-.

In addition to the duties of clerical cadre, the duties of HC-II will involve holding bank’s cash, key and/or other valuables in safe custody jointly with an officer and being accountable for them and being responsible for the running of the cash department:

1. Opinion Compilation;
2. Verification of vernacular signatures/endorsements;
3. Countersigning cheques and/or drafts (on selves or correspondence), payment orders, deposit reaccepts, etc.
4. Attending to Government Treasury work;
5. Discharging/endorsing bills, cheques, etc.;
6. Being in charge of clearing and godown departments, etc.;
7. Passing independently clearing and transfer cheques, vouchers, etc. (whether credits or debits) upto and including Rs. 50,000/- and cash vouchers up to Rs. 50,000/- jointly with an authorized person.

The duties of Special Assistants will be accountable and responsible for running of the department/section under them and their duties will involve looking after and checking the work of other clerk or clerks and substaff and will include:

1. Passing independently, manually or online, cash instruments up to Rs. 35,000/- and clearing and transfer cheques, vouchers etc., (whether credits or debits) up to and including Rs. 1,50,000/-. Passing will include verification of signatures and scrutiny as to the correctness of endorsement on and other particulars of such instruments. There shall be no limits for verification of signatures, passing authenticated credit vouchers/ entries and verifying authenticated vouchers in the ledgers, books,computer print-outs etc.
2. Accept, verify and post cash/ transfer/clearing cheques and other instruments, as the case may be, in appropriate of accounts/ ledgers, either manually or online and give due acknowledgements.
3. Signing vouchers, checks, drafts, mail transfers, pay orders, advices such as non payment advices, inter branch fate calling advices, bill schedules, demand notices, statement certificates etc.,
4. Checking all vouchers, advices, statements, cheques, drafts etc., bill and books of accounts including current savings and other ledgers, cash, postal and revenue stamps, franking machine balances,exchange, discount, brokerage calculations and initialing by way of authenticating them for accuracy/correctness;
5. Checking, manually or online, current, savings and other accounts.
6. Checking the coding and decoding of telegram (Excluding cheque symbols or ciphers)
7. Discharging, endorsing cheques, bills, etc,
8. Perform when required in a computerized set up, system control functions either jointly with an officer and independently, upon specific authorization in this regards;
9. Briefly explain, the features so bank’s various products and services to customers, to reply their queries and to refer interested to appropriate personnel.
10. Inspecting godown (only in banks where such work is already done by the workman)
For the purpose of efficient and effective functioning of the section or department the special assistant shall ensure that all acts, things and steps necessary therefore are taken by himself or by the clerks placed under him and shall ensure that, wherever necessary:
a. Reminders are sent on time and follow up
b. Pass sheets/books are filled up and issued promptly
c. Deposits are renewed on due dates or reminders sent to the parties
d. Standing instructions are complied with
e. Bills are accepted and due dates diarised/advised and followed up
f. Interest, commissions and service charges are collected
g. Proceeds of bills are received or remitted promptly;
h. Confirmation of balance of accounts of the customers and its follow up.
i. All securities relating to the department/section of which the special assistant is in charge are secured
and/or kept in proper custody and properly handed to authorized person at the close of the day.
j. Balances promptly taken, tallied and reported and followed up and also returns submitted;
k. Advices and/or duplicate advices/summaries are issued/responded promptly, whenever called for;
l. Checking the proper recording of entries and all relevant particulars in th regard to accounts opened under due authorization.

In addition to the duties of clerical cadre, duties of UT shall be as under:
1. Receive cheques/ withdrawal forms/ demand drafts/ bankers’ cheques, process, verify that the instrument is correctly drawn, verify customers account details, operational instructions and correctness of endorsements;
2. Verify customer’s signature, post transactions in branch computer system and authenticate/ independently pass and make payment of cheques/ withdrawals forms/ demand drafts/ bankers’ cheques up to and including Rs.35,000/-;
3. Receive Cash and whenever necessary, stamp, sign and issue counter slips/ acknowledgements up to and including Rs.40,000/-;
4. Accept cash from Head Cashier, maintain and manage records, tally cash and hand over remaining cash to Head Cashier and generation of relevant/ required reports;
5. Update pass books;
6. Accept instruments for transfer, give due acknowledgements, process, post and authenticate/pass independently up to and including Rs.1,00,000/-;
7. Prepare print and issue remittance instruments i.e. DD/MT/BC and relative advices wherever required, paste protective tapes and punch values where applicable and sign them independently up to and including Rs.25,000/-.
8. For DD/MT/BC beyond Rs.25,000/- the Universal Teller will be required to print and only sign as second signatory.
9. Accept instruments for clearing/collection and give due acknowledgements;
10. To briefly explain the features of Bank’s various products and services to customers, to reply their queries and to refer interested customers to appropriate specialized sales personnel.

In addition to the duties of clerical cadre, Agriculture Assistant’s duties will be as under:
(1) To assist in the bank's lending and/or operations for agricultural development and/or financial assistance to small enterprises (other than small scale industries) such as vegetable/fruit vendors, artisans, self employed persons including beneficiaries under the DRI scheme.
(2) To distribute and collect application forms and assist the farmers/small borrowers in filling up the forms.
(3) To scrutinise application forms, title deeds, farm plans etc. to ensure that applications are complete in all respects and the particulars furnished in the forms are prima facie in order and for this purpose he may be required to visit the farms for verification and for collection of relevant data.
(4) To take necessary steps to ensure that the periodical details, as called for, are received from the farmers/small borrowers in time.
(5) To keep in constant touch with farmers and to bring any adverse features to the management's notice.
(6) To verify farms, all farms machinery, equipments, tractors, live stocks, pumpsets etc. at stipulated intervals.
(7) To verify proper utilisation of the bank's loans or the progress in work in respect of which loans are granted and to furnish reports on such verifications.
(8) To make efforts and effect recoveries upto amounts not exceeding Rs. 12,500/- from farmers/small borrowers from their place of work; residence, subject to the necessary arrangements being made in regard to fidelity and transit insurance and personal risk insurance by bank.

Note :
Banks will evolve appropriate procedure about issuance of provisional receipts etc. of the cash not exceeding Rs.12,500/- collected on a day by an agricultural assistant from the agricultural/small borrowers/depositors.

(9) To assist in the deposit mobilisation efforts by encouraging farmers/small borrowers to deposit their savings in the bank.
(10) To collect information about the condition of crops in the villages.
(11) To collect necessary data from determination of village adoption for financing of agriculture, like farmers' land holdings, availability of infrastructural facilities, source of irrigation, use of tractors, pump sets, etc. credit facilities, available in village, recovery performance and the like.
(12) To maintain liaison with land Record and Registration Offices and other Governmental/ Developmental agencies for expeditious handling of the banks' work.

Note :
With a view to making optimum use of the technical skill of the agricultural/ development assistant, normally he may not be entrusted with the usual clerical work, but where necessary, he may be asked to do the clerical work.

In addition to the duties of clerical cadre, the duties of Special Assistant will involve taking dictation in shorthand and/or type letters, statements, documents etc. and also attend to secretarial work.


In addition to the duties of clerical cadre , TO’s duties will involves operating a telephone PBX board with a minimum of three external lines on regular assignment.

In addition to the duties of clerical cadre , TXO’s duties will involve operating a telex machine on regular assignment.

SBI Q2 profit slumps 40% YoY , asset quality improves

Country’s largest lender by assets State Bank of India (SBI) on Monday posted a 40.26 per cent year-on-year fall in standalone profit at Rs 944.87 crore for the quarter ended September 30. It had posted a net profit of Rs 1,581.55 crore in the corresponding quarter last year.

Analysts in an ET NOW poll had estimated a loss of Rs 704 crore.

Asset quality of the lender improved with a percentage of gross non-performing assets (GNPA) decreased to 9.95 per cent in Q2FY19 over 10.69 per cent in the preceding quarter ended June 2018. Percentage of gross NPA also improved to 4.84 per cent from 5.29 per cent in the same period.

Net interest income of the lender increased 12.48 per cent to Rs 20,905.69 crore in Q2FY19 over Rs 18,586.90 crore in the same period last year.

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