Union Bank of India share price target

Asset quality improved, with fresh slippage moderating 49% QoQ to ~2.3% annualized. Healthy upgrades and recoveries, coupled with continued writeoffs, enabled 3%/6% QoQ decline in GNPA/NNPA. UNBK continues to carry a 65% provision on SREI Infra, while it has ~30% coverage on retail...

Post amalgamation of Andhra Bank & Corporation Bank into Union Bank of India, UBI today is a leading PSU bank with a network of over 9200 branches and over 11600 ATMs. The bank's total business as of 2QFY22 stood at 15.5tn, comprising 9.1tn of deposits and 6.4tn of advances as of 30th September 2021. The bank has different lending verticals; retail, agriculture, MSME and...

Benefit from revival in PSU Banks: With the government focusing on reviving growth in the economy, PSU Banks will have to play a key role in jumpstarting infrastructure and capital intensive industries. This is likely to result in consolidation and pushing up reforms in this space.

The bank reported a net loss of Rs3,369cr in the current quarter, Union bank of India (UBI) provides various mainly on account of more than 3x increase in provisions sequentially. banking products and services through four With an improvement in NIM, the net interest income (interest income segments, namely, Treasury Operations, Corporate less interest expense), has grown by 18% YoY to reach Rs2,602 cr. Muted growth in loans and advance by 3.7% YoY, led by retail, agriculture and MSME loans, while the deposits have witnessed a growth of 1.8% YoY, with CASA mix improving 140bps YoY to 34.7%....

Slippages of Rs32.7bn continued to be at higher rate and from all sectors Union Bank posted loss of Rs33.6bn of PAT (v/s PLe of Rs1.7bn loss) on back of making higher provisions from RBI's divergence report (Rs22.8bn) and ageing of NPA helping improve PCR to 58.3% from 51.4% in Q3FY19. We have been mentioning that bank remains under provided on provisions and lags amongst banking peers (partly also on delayed recognitions) and hence going ahead will continue to see higher provisions (enhancing PCR) keeping...

Deposits grew by 2.2% (YoY) with CASA portfolio registering a growth of ~5.5% during the same period. GNPA & NNPA decreased by 8bps and 85bps at 15.7%& 8.4% resp....

Union Bank of India Q2FY19 results Comment NII fell to Rs. 2493.12 Cr in Q2FY19 compared to Rs. 2626.12 Cr in Q1FY19. NII rose by 7.43% ( Rs. 172.39 Cr ) when compared with the same period last year

Union Bank of India operates through over 4200+ branches across the country. The Bank has a large clientele base of over 49m.The retail, agriculture and MSME-Micro Small Medium Enterprises (RAM) sectors comprises about ~55% of domestic loan book (as of Q4FY18). Reported a net loss of 2583crs in Q4FY18 on account of one off provisions and investment depreciation. Both NII and NIM de- grew by 8% & 37bps on a YoY basis. Advances/Deposits grew by 4%/8%yoy with CASA portfolio registering a growth of ~7% yoy. GNPA/NNPA is up by 456bps and 185bps YoY to 15.7% and 8.4% respectively while Cost to Income ratio reflected a deterioration on a YoY basis (49% vs 44%)....