Union Bank of India

NSE: UNIONBANK | BSE: 532477 | ISIN: INE692A01016 | Industry: Banks
| Strong Performer, Under Radar
39.95 -0.05 (-0.12%)
NSE Aug 12, 2022 15:31 PM
Volume: 4.7M
 

Rapid Results Alerts
Union Bank of India    
26 Jul 2022
39.95
-0.12%

Union Bank of India Announced Q1FY23 Result :

  • Strong Financial Performance: Net Profit of the Bank improved by 32.02% on YoY basis during Q1FY23. Net interest income of Bank grew by 8.11% on YoY basis during Q1FY23.
  • Bank continues to demonstrate a strong liability franchise the CASA deposits have increased by 8.69 % YoY. Bank now have a total deposits base at Rs.9,92,774 Crores as at the end of Q1FY23.
  • Business growth gaining momentum the Advances have increased by 12.95 % on YoY basis respectively, while Deposits have increased by 9.27 % YoY basis respectively. Bank now have a total Business at Rs.17,21,409 Crores as on June 30, 2022.
  • Credit in Retail, Agri and MSME (RAM) segments bank registered 11.13 % growth in Retail, 14.04 % growth in Agriculture and 11.26 % growth in MSME advances on YoY basis. RAM advances as a per cent of Domestic Advances stood at 54.88 %.
  • Reduction in NPA: - Gross NPA (%) reduced by 338 bps on YoY basis to 10.22% and Net NPA(%) reduced by 138 bps on YoY basis to 3.31% as on 30.06.2022.
  • Improved capital ratios CRAR improved from 13.32 % as on 30.06.2021 to 14.42% as on 30.06.2022. CET1 ratio improved to 10.68 % as on 30.06.2022 from 9.77% as on 30.06.2021.

 

 

Result PDF

More from Union Bank of India
All Rapid Results
Recommended