Financial Results for the Quarter ended June 2013

Mumbai, 1st August, 2013 : The Board of Directors of Union Bank of India today approved the Limited reviewed accounts of the Bank for the Quarter (Q1) ended June 30, 2013.

Highlights for the quarter-ended June 30, 2013

Net Profit for Q1/FY14 up by 9.38% to `560 crore from `512 crore in

Q1/FY13.

Net Interest Income for Q1/FY14 up 4.83% to ` 1910 crore from `

1822 crore in Q1/FY13
Net Interest Margin (on Earning Assets) for Q1/FY14 was 2.63 %, as compared to 3.01 % in Q1/FY13.
Non Interest Income for Q1/FY14 was ` 756 crore, compared to ` 491
crore in Q1/FY13, an increase of 53.97%
Return on average assets (annualised) is at 0.73% in Q1/FY14 as compared to 0.79 % in Q1/FY13.
Return on equity (annualised) in Q1/FY14 is at 13.71 % as compared
to 15.06% in Q1/FY13.
Earning per share (annualised) in Q1/FY14 is at ` 37.54 as compared to ` 37.17 in Q1/FY13.
Cost-to-income ratio stood at 47.04% as against 45.22% in the corresponding period of last year.

Balance Sheet

Global Business grew by 19.74%, from `396021 crore to `474200
crore as on June 30, 2013.
Domestic Deposits increased from `220987 crore to ` 268517crore, a growth of 21.51%. Global Deposits increased from `222110 crore (June
2012) to ` 271558 crore (June 2013), recording a growth rate of
22.26%.
CASA deposits grew by 15.08% from `68742 crore in the previous year to ` 79108 crore. CASA share in total deposits was at 29.13 %. Domestic Advances increased from `.163229 cr. to `187726 crore, a growth of 15.00%. Global Advances increased from ` 173911crore (June 2012) to ` 202642crore (June 2013), recording a growth rate of
16.52%.

Credit-Deposit ratio for June 2013 stood at 77.82% compared to 82.98%

in June12.

Corporate Communications Division, Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai - 400 021. Asset Quality


Bank's Gross NPAs stood at 3.50% on 30th June, 2013 as compared to
3.76% as on 30th June, 2012. Slippages during the quarter are `. 1468 crore as compared to `.1631 crore in June 2012.

Net NPA ratio is at 1.96% as on June30, 2013 as against 2.20% as on

June, 2012.

Provision Coverage improved to 63.43% as on 30th June, 2013 from

58.93% in the last year.

Capital Adequacy