Categories Research Summary, Research Tear sheet

Union Bank Q4 FY2022 Research Tear Sheet

Union Bank of India, is an Indian government owned bank. It ha its headquarter in Mumbai, Maharashtra, India. It was founded in 1919 by Seth Sitaram Poddar. As on FY 2022, it has 8,873 Branches and 11,232 ATMs. It mainly deals with Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, wealth management. The shares are traded on both BSE and NSE.

Key Financial Highlights

In Rs CroresQ4 FY 22Q4 FY 21
Interest Income17,17415,475
Net Interest Income6,7695,403
Operating Profit5,5204,959
Profit After Tax1,4401,330

Standalone Highlights

Net Profit of the Bank grew by 80.05% year over year.

The CASA deposits is up by 12.40% year over year.

The Advances  grew by 7.00% (QoQ) and 9.60% (YoY),

Management Updates

The dividend declared of Rs.1.90 per equity share.

Gross NPA declined by 263 bps on YoY basis to 11.11%.

Net NPA declined by 94 bps on YoY basis to 3.68%.

CET1 ratio improved to 10.63%.

Union Bank along with NPCI to launch credit card for MSME borrowers.

Most Popular

Cochin Shipyard Ltd (COCHINSHIP) Q4 FY22 Earnings Concall Transcript

Cochin Shipyard Limited (NSE:COCHINSHIP) Q4 FY22 Earnings Concall dated May. 26, 2022 Corporate Participants: Madhu S Nair -- Chairman & Managing Director Jose V J -- Director Finance Analysts: Vastupal Shah

All you need to know about Antony Waste Handling Cell in one article

Can you guess the name of the company that was listed during the IPO frenzy in 2020 and is the second largest player in the Indian municipal waste management industry?

Demystifying the Leading Non-Ferrous Recycling Company of India

“Hey, how is the market doing today?” “Oh!, its falling tremendously since morning” I am sure news like these might be a common topic of discussion for you nowadays. Interestingly,

Top