Union Bank of India

UNIONBANK

INE692A01016

Banks

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Union Bank of India : Presentation June 2023

July 20, 2023 at 11:48 am EDT

Financial Results

Q1FY24

Overview

Guidance

Q1 Highlights

Global Business mix - ₹ 19.46 Trillion

Advances: ₹ 8.18 Trillion
Deposits : ₹ 11.28 Trillion

8,561 Branches & 10,195 ATMs

Branches Share

5th Largest PSB in Business Mix*

9.5% Share among PSBs in Business*

Shareholding (%)

1.46FII

Business

▪	Rural (30%)	▪	Urban (20%)
▪	Semi-urban (29%)	▪	Metro (21%)

8.22

DII

Financials

Asset Quality

Capital

Adequacy

Fin. Inclusion &

ESG

Strategic

Initiatives/Outcome

EASE

Group Entities

Awards

Overseas Branches in Dubai, Sydney & Hong Kong
Banking subsidiary in London, United Kingdom
JV in India International Bank (Malaysia)

17,000+ Business Correspondents

218+ Million Customers

75,300 + Employees

2.24 Product per Customer

*As of Mar-23

6.83Public

Govt. of India

83.49

Centralized Processing Centres

135 MSME Loan Points

105 Union MSME First Branches

160 Retail Loan Points & 48 Agriculture Loan Points

1,570 Gold Loan Points

9 SAMBs & 30 ARBs

18 LCBs & 56 MCBs	2

Business

Asset Quality

Capital

Adequacy

Fin. Inclusion &

ESG

Strategic

Initiatives/Outcome

EASE

Group Entities

Awards

Key Parameters

Advances Growth (YoY)

Deposits Growth (YoY)

NIM %

GNPA %

Slippages

Recovery

Guidance vs Actuals

Mar-24

(Guidance)

10 - 12%

8-10%

~3.00%

< 6.00%

~ Rs. 12,000 Cr

~ Rs. 16,000 Cr

Jun-23

(Actual)

12.33%

13.63%

3.13%

7.34%

Rs. 3,241 Cr

Rs. 3,564 Cr

Business

Asset Quality

Capital

Adequacy

Fin. Inclusion &

ESG

Strong Operating Performance

Deposits		RAM		Advances		Operating Profit		Net Profit

13.63% YoY

14.92% YoY

12.33% YoY

₹ 7,179 Cr

₹ 3,236 Cr

Deposit growth

Robust growth in RAM

Consistent &

Increased by 31.79% YoY

Increased by 107.67% YoY

advances

Sustained Credit

Growth

Margins

Efficiency

Profitability

Resilience

Asset Quality

Strategic

Initiatives/Outcome

Group Entities

Awards

	NIM 3.13%		Credit Cost 0.97%		RoA 1.00%	CRAR 15.95%
	NII Rs. 8,840 Cr	Cost to Income 43.66%		RoE 18.97%	CET-1 12.34%
		PCR 90.86%


Increased by 13 bps YoY	Improved by 105 bps YoY		Improved by 47 bps YoY	Improved by 153 bps YoY
Increased by 16.59% YoY	Improved by 395 bps YoY	Improved by 745 bps YoY	Improved by 166 bps YoY
Improved by 611 bps YoY

GNPA 7.34%

NNPA 1.58%

Improved by 288 bps YoY

Improved by 173 bps YoY

Robust & diversified Credit Growth

₹ in crore

Business

Particulars	Jun-22	Mar-23	Jun-23	YoY(%)

Gross Advances	7,28,635	8,09,905	8,18,457	12.33
- Domestic	7,09,904	7,85,302	7,93,448	11.77
- Overseas	18,731	24,603	25,009	33.52

Particulars	Jun-22	Mar-23	Jun-23	YoY(%)


Retail	1,39,410	1,59,702	1,62,373	16.47
Agriculture	1,35,503	1,51,993	1,53,615	13.37
MSME	1,11,195	1,25,022	1,27,745	14.88
LC & Others	3,42,527	3,73,188	3,74,724	9.40

Composition%

56%

44%

RAM	LC & Others

Asset Quality

Consistent & sustained growth in RAM Advances

Capital

Adequacy

Fin. Inclusion &

ESG

Strategic

Initiatives/Outcome

Group Entities

Awards

Retail %

18.0
7.1	49.6

8.8
6.1
10.4
Home Loans	Vehicle Loans
Education Loans	Mortgage Loans
Personal Loans	Others

Retail-Bureau Scores (%)	Education Loans	Gold Loans
3

55413

39						36234
				9829

		58		7373

>=750	700-749		<700	Jun-22	Jun-23	Jun-22	Jun-23

					33.31%	52.93%
					YoY	5
					YoY

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Disclaimer

Union Bank of India published this content on 20 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 July 2023 15:47:30 UTC.

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Company Profile

Union Bank of India Ltd. is an India-based banking company. The Company's segments include Treasury Operations, Corporate and Wholesale Banking, Retail Banking Operations, and Other Banking Operations. The Treasury Operations segment provides a range of account options including savings and current accounts, term and recurring deposits, and demat and online trading accounts. The Corporate and Wholesale Banking segment offers a range of services including, but not limited to, trade finance, working capital, lines of credit, project financing and channel finance. It assists with debt structuring/restructuring, loan syndication, structured finance, mergers and acquisition advisory, and private equity services. The Retail Banking Operations segment offers mutual funds and various insurance products, such as life, non-life, health, and general insurance. The Other Banking Operations segment offers comprehensive NRI banking services, along with a suite of treasury and remittance services.

Sector

Banks

Calendar

2024-05-09 - Q4 2024 Earnings Release

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Ratings for Union Bank of India

Trading Rating

Investor Rating

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