Union bank of india share

Public sector lender Union Bank of India reported a 93.27 per cent rise in standalone net profit for the quarter ending in March. The net profit stood at Rs. 2,782 crore, compared to Rs. 1,440 crore during the same period in the previous year. On a sequential basis, the profit rose 23.95 per cent compared to Rs 2,244 crore net profit in Q3 of FY23. The massive jump in profit is backed by healthy growth in Net Interest Income (NII) and non-interest income. For the whole of the financial year 2022-23, the bank's net profit grew 61.18 per cent to Rs 8,433 crore against Rs 5,232 crore in FY22. The board of directors has recommended a dividend of Rs 3.0 per share (Rs 10 each) for FY23, subject to shareholders' approval, according to the bank's exchange filing. The state-owned bank reported a growth of 21.88 per cent in net interest income (NII) for the quarter, amounting to Rs 8,251 crore. The bank's low-cost current account savings account (CASA) deposit, which is the cheapest source of funds, increased by 4.47 per cent year over year, bringing the total deposit base to Rs 11,17,716 crores as of March 31, 2023. Its capital adequacy ratio stood at 16.04 per cent with a Common Equity Tier of 12.36 per cent at the end of March. Also Read: Additionally, Union Bank of India reported an improvement in asset quality, with Gross NPA as a percentage of total advances reducing by 358 bps on a year-over-year basis to 7.53 per cent, while Net NPA reduced by 198 bps on a year-over-year bas...

• Stock Returns vs Nifty 100 Stock gave a 3 year return of 143.08% as compared to Nifty 100 which gave a return of 86.94%. (as of last trading session) • Stock Returns vs Nifty Bank Stock generated 143.08% return as compared to Nifty Bank which gave investors 120.9% return over 3 year time period. (as of last trading session) NAME P/E (x) P/B (x) ROE % ROA % Rev CAGR [3Yr] OPM NPM NIM % Cost to Income % Interest income to Earning assets % Net NPA % Capital Adequacy Ratio % 5.71 0.62 10.80 0.66 30.56 -9.22 10.48 2.57 41.83 6.29 170.00 16.04 15.62 1.25 8.00 1.11 -0.41 -4.31 17.99 3.45 49.07 6.21 0.92 20.44 16.93 0.55 3.54 0.22 15.33 -10.55 3.85 2.34 44.60 5.81 2.72 15.50 4.90 0.70 15.94 0.81 21.55 -16.90 13.10 2.38 42.63 6.21 1.73 16.68 21.56 1.82 8.45 0.67 4.20 -10.36 10.84 2.63 43.67 6.19 1.83 16.10 Add More • Stock Returns vs Nifty 100 Stock gave a 3 year return of 143.08% as compared to Nifty 100 which gave a return of 86.94%. (as of last trading session) • Stock Returns vs Nifty Bank Stock generated 143.08% return as compared to Nifty Bank which gave investors 120.9% return over 3 year time period. (as of last trading session) Meeting Date Announced on Purpose Details May 06, 2023 Apr 28, 2023 Board Meeting Audited Results & Final Dividend Apr 26, 2023 Apr 21, 2023 Board Meeting Others Jan 20, 2023 Jan 10, 2023 Board Meeting Quarterly Results Oct 20, 2022 Oct 13, 2022 Board Meeting Quarterly Results Jul 26, 2022 Jul 18, 2022 Board Meeting Audited Results • About Union B...

Sales 2023 458B 5583M 5583M Net income 2023 78391M 956M 956M Net Debt 2023 - - - P/E ratio 2023 6,06x Yield 2023 3,70% Sales 2024 493B 6014M 6014M Net income 2024 106B 1295M 1295M Net Debt 2024 - - - P/E ratio 2024 4,50x Yield 2024 4,98% Capitalization 480B 5857M 5857M Capi. / Sales 2023 1,05x Capi. / Sales 2024 0,97x Nbr of Employees 75 201 Free-Float 16,5% More Financials Company Union Bank of India is an India-based banking company. The Company’s segments include Treasury Operations, Corporate and Wholesale Banking and Other Banking Operations. The Company offers products in three categories, including personal, corporate loans and international. Its personal products include accounts and deposits, loans, which includes retail, micro, small and medium enterprises (MSME), wealth...

Bank of Baroda (BoB) on Friday said its board has approved acquisition of a 21% stake of Union Bank of India in IndiaFirst Life Insurance, subject to regulatory approvals. The bank, however, did not provide details of valuation of the deal. On completion of the transaction, BoB will hold a 65% stake in IndiaFirst Life, Union Bank will hold 9% and Carmel Point Investments India will have the remaining 26% stake. IndiaFirst Life Insurance will continue to have long-term agency distribution agreement with both Bank of Baroda and Union Bank after stake sale, according to an exchange filing.

• CASA stands at 36.5358329427191% of total deposits. • The company has delivered good Profit growth of 55.7078585127336% over the past 3 years. • The company has delivered good Income growth of 25.8749812212621% over the past 3 years. • Strong Advances growth of 30.5717120412208% in the last 3 years. • The bank has a very low ROA track record. Average ROA of 3 years is 0.0888827804814197% • CASA Growth of 0.208715107770693% YoY, which is very low. • Company has a low ROE of 1.40846466896182% over the last 3 years. • The Bank has a high NPA ; Average NPA of the last 3 years stands at 4.59666666666667%. • High Cost to income ratio of 45.7392391612774%. Quarterly Result (All Figures in Cr.) PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Interest Earned 17174.36 18174.24 19681.7 20882.86 22004.54 Other Income 3243.08 2816.85 3276.25 3270.82 5269.23 Interest Expended 10405.01 10592.54 11376.69 12254.78 13753.99 Operating Expenses 4492.29 4950.99 5004.17 5279.75 6696.42 Total Provisions 3618.12 3281.14 4076.81 3035.91 2935.58 Profit Before Tax 1902.02 2166.42 2500.28 3583.24 3887.78 Tax 462.42 607.96 652.58 1338.44 1105.47 Net Profit 1439.6 1558.46 1847.7 2244.8 2782.31 Net NPA % 3.68 3.31 2.64 2.14 1.7 Gross NPA % 11.11 10.22 8.45 7.93 7.53 Return on Assets % 0.5 0.53 0.61 0.73 0.88 NPM % 8.38 8.58 9.39 10.75 12.64 Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.) PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Interest Earned 32748 34066.66 37231.12 68...

New Delhi: With the March-end deadline for the biggest-ever amalgamation scheme is approaching, eight state-owned banks on Thursday announced swap ratios for the proposed mergers. Punjab National Bank (PNB) in a regulatory filing announced the share exchange ratio in accordance with the scheme of amalgamation, as it is set to merge Oriental Bank of Commerce (OBC) and United Bank of India (UBI) into itself with effect from April 1. PNB's board in its meeting on Thursday has approved for amalgamation of OBC and UBI, Punjab National Bank said in a BSE filing. According to the swap ratio, 1,150 equity shares of PNB are to be exchanged for every 1,000 equity shares of Oriental Bank of Commerce, while 121 equity shares of PNB are to be swapped for every 1,000 equity shares of UBI. A Grievance Redressal Committee headed by Vijay Kumar Vyas, retired judge of Rajasthan High Court, has been set up to address the grievances of shareholders. The committee is intended to address those shareholders who either individually or collectively hold at least 1 per cent of the equity capital of any of PNB, OBC or UBI; or 100 shareholders acting collectively, of any of PNB, OBC or UBI. Andhra Bank said, "Further, the board of directors of the bank at its meeting held on March 5, 2020, has approved the equity share exchange ratio for amalgamation of Andhra Bank into Union Bank of India for 325 equity shares in Union Bank of India for every 1,000 equity shares in Andhra Bank." Union Bank in a sepa...

Sales 2023 458B 5583M 5583M Net income 2023 78391M 956M 956M Net Debt 2023 - - - P/E ratio 2023 6,06x Yield 2023 3,70% Sales 2024 493B 6014M 6014M Net income 2024 106B 1295M 1295M Net Debt 2024 - - - P/E ratio 2024 4,50x Yield 2024 4,98% Capitalization 486B 5928M 5928M Capi. / Sales 2023 1,06x Capi. / Sales 2024 0,99x Nbr of Employees 75 201 Free-Float 16,5% More Financials Company

Sales 2023 458B 5583M 5583M Net income 2023 78391M 956M 956M Net Debt 2023 - - - P/E ratio 2023 6,06x Yield 2023 3,70% Sales 2024 493B 6014M 6014M Net income 2024 106B 1295M 1295M Net Debt 2024 - - - P/E ratio 2024 4,50x Yield 2024 4,98% Capitalization 480B 5857M 5857M Capi. / Sales 2023 1,05x Capi. / Sales 2024 0,97x Nbr of Employees 75 201 Free-Float 16,5% More Financials Company

• Stock Returns vs Nifty 100 Stock gave a 3 year return of 143.08% as compared to Nifty 100 which gave a return of 86.94%. (as of last trading session) • Stock Returns vs Nifty Bank Stock generated 143.08% return as compared to Nifty Bank which gave investors 120.9% return over 3 year time period. (as of last trading session) NAME P/E (x) P/B (x) ROE % ROA % Rev CAGR [3Yr] OPM NPM NIM % Cost to Income % Interest income to Earning assets % Net NPA % Capital Adequacy Ratio % 5.71 0.62 10.80 0.66 30.56 -9.22 10.48 2.57 41.83 6.29 170.00 16.04 15.62 1.25 8.00 1.11 -0.41 -4.31 17.99 3.45 49.07 6.21 0.92 20.44 16.93 0.55 3.54 0.22 15.33 -10.55 3.85 2.34 44.60 5.81 2.72 15.50 4.90 0.70 15.94 0.81 21.55 -16.90 13.10 2.38 42.63 6.21 1.73 16.68 21.56 1.82 8.45 0.67 4.20 -10.36 10.84 2.63 43.67 6.19 1.83 16.10 Add More • Stock Returns vs Nifty 100 Stock gave a 3 year return of 143.08% as compared to Nifty 100 which gave a return of 86.94%. (as of last trading session) • Stock Returns vs Nifty Bank Stock generated 143.08% return as compared to Nifty Bank which gave investors 120.9% return over 3 year time period. (as of last trading session) Meeting Date Announced on Purpose Details May 06, 2023 Apr 28, 2023 Board Meeting Audited Results & Final Dividend Apr 26, 2023 Apr 21, 2023 Board Meeting Others Jan 20, 2023 Jan 10, 2023 Board Meeting Quarterly Results Oct 20, 2022 Oct 13, 2022 Board Meeting Quarterly Results Jul 26, 2022 Jul 18, 2022 Board Meeting Audited Results • About Union B...

Bank of Baroda (BoB) on Friday said its board has approved acquisition of a 21% stake of Union Bank of India in IndiaFirst Life Insurance, subject to regulatory approvals. The bank, however, did not provide details of valuation of the deal. On completion of the transaction, BoB will hold a 65% stake in IndiaFirst Life, Union Bank will hold 9% and Carmel Point Investments India will have the remaining 26% stake. IndiaFirst Life Insurance will continue to have long-term agency distribution agreement with both Bank of Baroda and Union Bank after stake sale, according to an exchange filing.