Investor Presentation
Financial Results
Q4FY24
Uni Pay Plus
Guidance & | Asset | Financial | Strategic | Group Entities | ||||
Overview | Business | Financials | Quality & | Initiatives / | Cyber Security | |||
Q4 Highlights | Inclusion & ESG | & Awards | ||||||
Capital Adequacy | Outcome | |||||||
Global Business mix - ₹ 21.26 Trillion
- Advances: ₹ 9.05 Trillion
- Deposits : ₹ 12.21 Trillion
8,466 Branches & 8,982 ATMs
Branches Share | |||
| Rural (30%) | | Urban (20%) |
| Semi-urban (29%) | | Metro (21%) |
- Overseas Branches in Dubai & Sydney
- Banking subsidiary in London, United Kingdom
- JV in India International Bank (Malaysia)
19,600+ Business Correspondents
75,800 + Employees
5th Largest PSB in Business Mix*
9.5% Share among PSBs in Business*
Shareholding (%)
6.76 | FII |
DII | |
12.25 | |
Public | |
6.23 |
Govt. of India
74.76
Centralized Processing Centres
135 MSME Loan Points
105 Union MSME First Branches
159 Retail Loan Points & 42 Agriculture Loan Points
1,685 Gold Loan Points
8 SAMBs & 30 ARBs
19 LCBs & 40 MCBs
*As of Dec-23 | 2 |
Guidance & | Asset | Financial | Strategic | Group Entities | ||||
Overview | Business | Financials | Quality & | Initiatives / | Cyber Security | |||
Q4 Highlights | Inclusion & ESG | & Awards | ||||||
Capital Adequacy | Outcome | |||||||
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 %
~ ₹ 12,000 Cr
~ ₹ 16,000 Cr
Mar-24(12M)
(Actual Y-o-Y)
11.7 %
9.3 %
3.10 %
4.76 %
- 11,877 Cr
- 18,554 Cr
3
Guidance & | Asset | Financial | Strategic | Group Entities | ||||
Overview | Business | Financials | Quality & | Initiatives / | Cyber Security | |||
Q4 Highlights | Inclusion & ESG | & Awards | ||||||
Capital Adequacy | Outcome | |||||||
Strong Operating Performance (12MFY24)
Deposits | Advances | RAM | Capital |
9.29% YoY | 13.82% YoY | CRAR 16.97% | |
11.73% YoY | CET-1 13.65% | ||
Deposit growth | Consistent & Sustained | Robust growth in RAM | Improved by 93 bps YoY |
Credit Growth | advances | Improved by 129 bps YoY |
Asset Quality
GNPA 4.76%
NNPA 1.03%
PCR 92.69%
Improved by 277 bps YoY Improved by 67 bps YoY Improved by 235 bps YoY
Operating Profit | Net Profit | Margin | Efficiency | Profitability |
₹ 28,211 Cr | ₹ 13,648 Cr | NII ₹ 36,570 Cr | Credit Cost 0.74% |
NIM 3.10% | |||
Increased by 10.77% YoY | Increased by 61.84% YoY | Increased by 11.61% YoY | Improved by 90 bps YoY |
Improved by 3 bps YoY |
RoA 1.03%
RoE 15.58%
Improved by 34 bps YoY Improved by 232 bps YoY
4
Guidance & | Business | Asset Quality & | Financial | Strategic | Cyber Security | Group Entities | ||
Overview | Financials | Initiatives / | & | |||||
Q4 Highlights | Capital Adequacy | Inclusion & ESG | & Awards | |||||
Outcome | EASE | |||||||
Operating Profit | ₹ in crore |
Profitability
Net Profit | ₹ in crore |
Net Interest Income
₹ in crore
7278 | 3236 | 3511 | 3590 | 3311 | 8840 | 9126 | 9168 | 9437 | |||||||||
7179 | 7221 | 8628 | |||||||||||||||
6823 | 2782 | 8305 | |||||||||||||||
6577 | 6619 | 6533 | 8251 | ||||||||||||||
2245 | |||||||||||||||||
7582 | |||||||||||||||||
5520 | 5448 | 1848 | |||||||||||||||
1440 | 1558 | 6769 | |||||||||||||||
0.38 | |||||
0.36 | |||||
Mar-22Jun-22Sep-22Dec-22Mar-23 | Jun-23Sep-23Dec-23Mar-24 | Mar-22Jun-22Sep-22Dec-22Mar-23Jun-23 | Sep-23Dec-23Mar-24 | Mar-22Jun-22Sep-22Dec-22Mar-23 | Jun-23Sep-23Dec-23Mar-24 |
0.29 | |||||
FY-23 | FY-24 | FY-23 | FY-24 | FY-23 | FY-24 |
25,467 | 28,211 | 8,433 | 13,648 | 32,765 | 36,570 |
RoA % | RoE % | EPS | ||||||||||||||
1.00 | 1.07 | 1.07 | 0.97 | 18.97 | 17.97 | 17.25 | 18.94 | 20.23 | 19.37 | 17.66 | ||||||
17.50 | 16.28 | |||||||||||||||
0.88 | 15.12 | |||||||||||||||
0.73 | 14.67 | 13.14 | ||||||||||||||
0.50 | 0.53 | 0.61 | 11.12 | 11.52 | 12.85 | 8.43 | 9.12 | 10.81 | ||||||||
Mar-22Jun-22Sep-22Dec-22Mar-23Jun-23 | Sep-23Dec-23Mar-24 | Mar-22 | Jun-22Sep-22Dec-22Mar-23Jun-23 | Sep-23Dec-23Mar-24 | Mar-22 | Jun-22Sep-22Dec-22Mar-23Jun-23 | Sep-23Dec-23Mar-24 | |||||||||
FY-23 | FY-24 | FY-23 | FY-24 | FY-23 | FY-24 | |||||||||||
0.69% | 1.03% | 13.26% | 15.58% | 12.34% | 18.95% |
Operating Profit & Net Profit lower in Mar-24 due to one-time impact of bipartite settlement retirement benefits. | 5 |
Overview | Guidance & |
Q4 Highlights | |
GNPA | ₹ in crore | |||
₹ 36,489 Crore | ||||
79587 | Reduction | |||
since Mar-22 | ||||
74500 | ||||
65391 | 63770 | 60987 | 60104 | |
54012 | ||||
43262 | 43098 | |||
Mar-22Jun-22Sep-22 | Dec-22Mar-23 | Jun-23Sep-23Dec-23Mar-24 |
Business | Asset Quality & | Financial | Strategic | Group Entities | ||||||||||||
Financials | Initiatives / | Cyber Security | ||||||||||||||
Capital Adequacy | Inclusion & ESG | & Awards | ||||||||||||||
Outcome | ||||||||||||||||
₹ | in crore | |||||||||||||||
Asset Quality | ||||||||||||||||
NNPA | ₹ | in crore | GNPA & NNPA% | |||||||||||||
₹ 15,313 Crore | 11.11 | 10.22 | ||||||||||||||
Reduction | ||||||||||||||||
8.45 | 7.93 | |||||||||||||||
since Mar-22 | 7.53 | 7.34 | ||||||||||||||
24303 | 6.38 | |||||||||||||||
22392 | ||||||||||||||||
19193 | 0.38 | 4.83 | 4.76 | |||||||||||||
16195 | 3.68 | |||||||||||||||
3.31 | 2.64 | |||||||||||||||
12928 | 12138 | |||||||||||||||
10421 | 9351 | 2.14 | 1.70 | 1.58 | 1.30 | 1.08 | 1.03 | |||||||||
8990 | ||||||||||||||||
0.29 | ||||||||||||||||
Mar-22Jun-22Sep-22Dec-22 | Mar-23 | Jun-23Sep-23Dec-23Mar-24 | ||||||||||||||
Mar-22Jun-22 | Sep-22Dec-22Mar-23 | Jun-23Sep-23 | Dec-23 | Mar-24 | GNPA % | NNPA % |
PCR% | Credit Cost% | Slippage Ratio% | ||||||||||
92.03 | 92.54 | 92.69 | 3.83 | |||||||||
90.34 | 90.86 | 2.00 | 2.02 | |||||||||
88.50 | 1.77 | |||||||||||
1.50 | 2.67 | |||||||||||
86.61 | ||||||||||||
1.24 | ||||||||||||
84.75 | ||||||||||||
0.97 | 1.80 | 1.73 | ||||||||||
83.61 | 1.51 | 1.56 | ||||||||||
0.81 | 1.45 | 1.39 | 1.35 | |||||||||
0.56 | 0.66 | |||||||||||
0.43 | ||||||||||||
Mar-22Jun-22Sep-22Dec-22Mar-23 | Jun-23Sep-23 | Dec-23 | Mar-24 | Mar-22 | Jun-22Sep-22Dec-22Mar-23Jun-23Sep-23Dec-23Mar-24 | Mar-22Jun-22Sep-22Dec-22 | Mar-23 | Jun-23Sep-23 | Dec-23Mar-24 |
6
Guidance & | Asset | Financial | Strategic | Group Entities | ||||
Overview | Business | Financials | Quality & | Initiatives / | Cyber Security | |||
Q4 Highlights | Inclusion & ESG | & Awards | ||||||
Capital Adequacy | Outcome | |||||||
₹ in crore
Robust & diversified Credit Growth
Particulars | Mar-23 | Sep-23 | Dec-23 | Mar-24 | YoY(%) |
Gross Advances | 8,09,905 | 8,47,214 | 8,95,974 | 9,04,884 | 11.73 |
- Domestic | 7,85,302 | 8,21,437 | 8,66,689 | 8,73,632 | 11.25 |
- Overseas | 24,603 | 25,777 | 29,285 | 31,252 | 27.03 |
Particulars | Mar-23 | Sep-23 | Dec-23 | Mar-24 | YoY(%) |
Retail | 1,59,702 | 1,68,256 | 1,73,445 | 1,77,488 | 11.14 |
Agriculture | 1,51,993 | 1,65,506 | 1,77,583 | 1,83,833 | 20.95 |
MSME | 1,25,022 | 1,33,822 | 1,36,746 | 1,35,748 | 8.58 |
LC & Others | 3,73,188 | 3,79,630 | 4,08,200 | 4,07,815 | 9.28 |
Consistent & sustained growth
Composition% | Retail-Bureau Scores (%) | ||||
Credit / Deposit Ratio | |||||
Global | 75.65% | 1 | |||
Domestic | 73.06% | ||||
45% | 34 | ||||
2Y - CAGR | |||||
55% | 65 | ||||
12.4% | |||||
Advances | |||||
RAM | 14.4% | ||||
Corporate | 10.1% | ||||
RAM | LC & Others | >=750 | 700-749 | <700 |
7
Guidance & | Asset | Financial | Strategic | Group Entities | ||||
Overview | Business | Financials | Quality & | Initiatives / | Cyber Security | |||
Q4 Highlights | Inclusion & ESG | & Awards | ||||||
Capital Adequacy | Outcome | |||||||
Retail Portfolio of
~₹ 1.77 lakh crores
2 - year CAGR atMar 24:
~14% | 20.3% | ||
of Dom. Adv. | |||
₹ in crore | |||
Particulars | Mar-23 | Mar-24 | % Share |
Mar-24 | |||
Home Loans | 79,374 | 86,079 | 48.5 |
Vehicle Loans | 16,509 | 20,340 | 11.5 |
Education | 9,210 | 14,068 | 7.9 |
Loans | |||
Mortgage | 14,190 | 15,043 | 8.5 |
Loans | |||
Others | 40,419 | 41,958 | 23.6 |
Total Retail | 1,59,702 | 1,77,488 | 100.0 |
Credit Growth- RAM
Agri Portfolio of
~₹ 1.84 lakh crores
2 - year CAGR atMar 24:
~18% | 21.0% | ||
of Dom. Adv. | |||
₹ in crore | |||
Particulars | Mar-23 | Mar-24 | % Share |
Mar-24 | |||
Farm | |||
Credit(Crop, | 1,17,085 | 1,39,658 | 76.0 |
Investment & | |||
Allied) | |||
Agri Ancillary | 31,105 | 40,278 | 21.9 |
Activities | |||
Agri | 3,803 | 3,897 | 2.1 |
Infrastructure | |||
Total Agri | 1,51,993 | 1,83,833 | 100.0 |
MSME Portfolio of
~₹ 1.36 lakh crores
2 - year CAGR atMar 24:
~11% | 15.5% | ||
of Dom. Adv. | |||
₹ in crore | |||
Particulars | Mar-23 | Mar-24 | % Share |
Mar-24 | |||
Micro | 63,899 | 72,135 | 53.1 |
Small | 38,527 | 39,723 | 29.3 |
Medium | 22,596 | 23,890 | 17.6 |
Total MSME | 1,25,022 | 1,35,748 | 100.0 |
8
Guidance & | Asset | Financial | |||
Overview | Business | Financials | Quality & | ||
Q4 Highlights | Inclusion & ESG | ||||
Capital Adequacy | |||||
Credit to Industries | ||||||||
(% Share in Domestic Advances) | ||||||||
S. No. | Sectors | Mar-23 | Mar-24 | |||||
₹ In Crore | % Share | ₹ In Crore | % Share | |||||
1 | Infrastructure | 1,00,135 | 12.75 | 86,659 | 9.92 | |||
2 | NBFCsand HFCs | 1,07,235 | 13.66 | 1,17,577 | 13.46 | |||
- HFCs | 35,575 | - | 34,809 | - | ||||
-PSU & PSU Backed NBFCs | 30,679 | - | 32,062 | - | ||||
-Pvt.NBFCs | 40,981 | - | 50,706 | - | ||||
3 | Basic Metals | 24,807 | 3.16 | 23,876 | 2.73 | |||
4 | Petroleum/Coal/Nuclear | 20,593 | 2.62 | 9,305 | 1.07 | |||
5 | Food Processing | 21,184 | 2.70 | 28,746 | 3.29 | |||
6 | Chemical & Chemical Products | 15,840 | 2.02 | 13,867 | 1.59 | |||
7 | Textiles | 16,998 | 2.16 | 16,836 | 1.93 | |||
Total (1 to 7) | 3,06,792 | 39.07 | 2,96,866 | 33.98 | ||||
Some sectors within "Infrastructure" for last year & current year are provided below: | ||||||||
i) | -Power | 36,341 | - | 36,025 | - | |||
-RenewableEnergy | 3,533 | - | 10,946 | - | ||||
w/w Wind | 438 | - | 64 | - | ||||
Solar | 2,196 | - | 7,046 | - | ||||
-Thermal | 20,767 | - | 14,660 | - | ||||
-Govt.PSU (Power) | 22,907 | - | 25,499 | - | ||||
-Non-PSU(Power) | 13,434 | - | 10,526 | - | ||||
ii) | -Road | 20,380 | - | 22,902 | - | |||
- HAM | 3,009 | - | 6,161 | - | ||||
Strategic | Group Entities | |
Initiatives / | Cyber Security | |
& Awards | ||
Outcome | ||
Rating-Corporate Loans
(>25 Cr)
- 10
81
BB & Below | BBB | A & Above |
NBFC -Rating Profile of Standard
Exposure (%)
2
25 6
67
AAA | AA | A | BBB & Lower |
Amounts have been reclassified wherever required to match with current year's classification | 9 |
Guidance & | Asset | Financial | Strategic | |||
Overview | Business | Financials | Quality & | Initiatives / | ||
Q4 Highlights | Inclusion & ESG | |||||
Capital Adequacy | Outcome | |||||
Deposit Growth
Cyber Security | Group Entities |
& Awards | |
₹ in crore
Particulars | Mar-23 | Sep-23 | Dec-23 | Mar-24 | Y-o-Y(%) |
Total Deposits | 11,17,716 | 11,37,628 | 11,72,455 | 12,21,528 | 9.29 |
- Domestic Deposits | 11,06,089 | 11,20,185 | 11,54,325 | 11,99,197 | 8.42 |
- CASA(%) | 35.62 | 34.66 | 34.40 | 34.20 | -142 bps |
Domestic
2Y - CAGR | |
Global Deposits | 8.8% |
Domestic Deposits | 7.8% |
Liquidity Position
Particulars | As on |
31.03.24 | |
Avg. LCR | 131.90 % |
NSFR | 129.40 % |
Composition of Deposits (%) | Savings Deposits | CASA Deposits | |||||
2 Yr CAGR- | 2 Yr CAGR- | ||||||
5.09% | |||||||
4.28% | |||||||
29 | 336349 | 410134 | |||||
320075 | 394055 | ||||||
71 | 304541 | ||||||
377193 | |||||||
CASA+ Retail TD | Bulk Term Dep | Mar-22 | Mar-23 | Mar-24 | Mar-22 | Mar-23 | Mar-24 |
5.08% | 4.08% | 10 | |||||
YoY | YoY | ||||||
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Union Bank of India published this content on 10 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2024 15:12:09 UTC.