Business
The Board of Directors of Union Bank of India today approved the accounts of the Bank for the Quarter ended September 30, 2022
Published
1 year agoon
Key Highlights in Q2FY23
Net Profit of the Bank increased by 21.07% on YoY basis during Q2FY23. Net interest income of Bank grew by 21.61% on YoY basis during Q2FY23.
The CASA deposits have increased by 9.42 % YoY. Bank now have a total deposits base at Rs.10,43,265 Crores as at the end of Q2FY23.
Total Business of the Bank increased by 17.33% YoY, wherein Gross Advances increased by 21.92 % YoY & Total Deposit grew by 14.14% YoY. Bank now have a total Business at Rs.18,16,955 Crores as on September 30, 2022.
RAM Segment of the bank increased by 14.86 % YoY, where 14.45 % growth in Retail, 15.19% growth in Agriculture and 14.97 % growth in MSME advances achieved YoY basis. RAM advances as a per cent of Domestic Advances stood at 54.57%.
Gross NPA (%) reduced by 419 bps on YoY basis to 8.45% and Net NPA(%) reduced by 197 bps on YoY basis to 2.64% as on 30.09.2022.
CRAR improved from 13.64 % as on 30.09.2021 to 14.50% as on 30.09.2022. CET1 ratio improved to 10.67 % as on 30.09.2022 from 10.16% as on 30.09.2021. |
Key Summary of Q2 FY2023 Results
In Rs Crores | Q2FY22 | Q1FY23 | Q2FY23 | YoY% | QoQ% | H1FY22 | H1FY23 | YoY% |
Profit & Loss | ||||||||
Interest Income | 16,706 | 18,174 | 19,682 | 17.81 | 8.29 | 33,840 | 37,856 | 11.87 |
Interest Expenses | 9,876 | 10,593 | 11,377 | 15.19 | 7.40 | 19,997 | 21,969 | 9.86 |
Net Interest Income | 6,829 | 7,582 | 8,305 | 21.61 | 9.54 | 13,843 | 15,887 | 14.77 |
Non-Interest Income | 3,978 | 2,817 | 3,276 | -17.65 | 16.31 | 6,758 | 6,093 | -9.83 |
NIM % | 2.95 | 3.00 | 3.15 | 20 bps | 15 bps | 3.00 | 3.06 | 6 bps |
Operating Profit | 6,074 | 5,448 | 6,577 | 8.29 | 20.73 | 11,255 | 12,025 | 6.84 |
Total Provisions | 4,547 | 3,889 | 4,729 | 4.00 | 21.61 | 8,548 | 8,618 | 0.83 |
Profit After Tax | 1,526 | 1,558 | 1,848 | 21.07 | 18.56 | 2,707 | 3,406 | 25.82 |
Rs. (In Crores) | Q2FY22 | Q1FY23 | Q2FY23 | YoY% | QoQ%
|
Balance Sheet | |||||
Global Advances | 6,34,583 | 7,28,635 | 7,73,690 | 21.92 | 6.18 |
Domestic Advances | 6,19,137 | 7,09,904 | 7,52,469 | 21.54 | 6.00 |
W/w Retail | 1,28,190 | 1,39,410 | 1,46,715 | 14.45 | 5.24 |
Agriculture | 1,24,897 | 1,35,503 | 1,43,874 | 15.19 | 6.18 |
MSME | 1,04,436 | 1,14,674 | 1,20,069 | 14.97 | 4.70 |
RAM advances | 3,57,523 | 3,89,587 | 4,10,658 | 14.86 | 5.41 |
Deposits | 9,14,022 | 9,92,774 | 10,43,265 | 14.14 | 5.09 |
W/w CASA | 3,39,692 | 3,59,335 | 3,71,697 | 9.42 | 3.44 |
Retail Term Deposits(<2 Crs) | 4,34,299 | 4,38,931 | 4,37,866 | 0.82 | -0.24 |
CASA Ratio (%) | 37.16 | 36.19 | 35.63 | -153 bps | -56 bps |
GNPA | 80,211 | 74,500 | 65,391 | -18.48 | -12.23 |
NNPA | 26,785 | 22,392 | 19,193 | -28.34 | -14.29 |
Ratios (%) | Q2FY22 | Q1FY23 | Q2FY23 | YoY
bps |
QoQ
bps |
Asset Quality | |||||
GNPA | 12.64 | 10.22 | 8.45 | -419 | -177 |
NNPA | 4.61 | 3.31 | 2.64 | -197 | -67 |
PCR | 81.77 | 84.75 | 86.61 | 484 | 186 |
TPCR | 66.61 | 69.94 | 70.65 | 404 | 71 |
Credit Cost | 2.31 | 2.02 | 1.50 | -81 | -52 |
CET-1 ratio | 10.16 | 10.68 | 10.67 | 51 | -1 |
Tier-1 ratio | 11.32 | 12.14 | 12.26 | 94 | 12 |
CRAR | 13.64 | 14.42 | 14.50 | 86 | 8 |
Network:
8,729 Branches including foreign branches
11,092 ATMs
16,109 BC points
126 MLPs (MSME Loan Points)
207 RLPs (Retail Loan Points)
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