Financial Results for the Quarter ended June 30, 2022

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The Board of Directors of Union Bank of India today approved the accounts of the Bank for the
Quarter ended June 30, 2022.

Key Highlights in Q1FY23

  1. 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.
  2. 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.
  3. 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.
  4. 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 %.
  5. 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.
  6. 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.
    Key Summary of Q1FY2023 Results

In Rs Crores Q1FY22 Q4FY22 Q1FY23 YoY% QoQ%

Profit & Loss

Interest Income 17,134 17,174 18174 6.07 5.82
Interest Expenses 10,121 10,405 10593 4.66 1.80
Net Interest Income 7,013 6,769 7582 8.11 12.00
Non-Interest Income 2779 3,243 2817 1.36 -13.14
NIM % 3.08 2.75 3.00 -8 bps 25 bps
Operating Profit 5,303 5,520 5448 2.73 -1.31
Total Provisions 4,122 4,081 3889 -5.65 -4.69
Profit After Tax 1,181 1,440 1558 32.02 8.19

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In Rs Crores Jun-21 Mar-22 Jun-22 YoY% QoQ%
Financial Results for the Quarter ended June 30, 2022

Corporate Communications Division, Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai – 400021.
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Balance Sheet

Global Advances 6,45,091 7,16,408 7,28,635 12.95 1.71
Domestic Advances 6,30,237 6,99,269 7,09,903 12.64 1.52
W/w Retail 1,25,445 1,36,273 1,39,410 11.13 2.30
Agriculture 1,18,825 1,33,092 1,35,503 14.04 1.81
MSME 1,03,060 1,14,974 1,14,674 11.26 -0.26
RAM advances 3,47,330 3,84,339 3,89,587 12.17 1.37
Deposits 9,08,528 10,32,392 9,92,774 9.27 -3.84
W/w CASA 3,30,604 3,77,193 3,59,335 8.69 -4.73
Retail Term Deposits(<2 Crs) 4,01,020 4,43,752 4,38,931 9.45 -1.09
CASA Ratio (%) 36.39 36.54 36.19 -20 bps -35 bps
GNPA 87,762 79,587 74,500 -15.11 -6.39
NNPA 27,438 24,303 22,392 -18.39 -7.86
Ratios (%) Q1FY22 Q4FY22 Q1FY23 YoY
bps

QoQ
bps

Asset Quality

GNPA 13.60 11.11 10.22 -338 -89
NNPA 4.69 3.68 3.31 -138 -37
PCR 81.43 83.61 84.75 332 114
TPCR 68.74 69.46 69.94 120 48
Credit Cost 1.54 2.00 2.02 48 2

Capital Ratios

CET-1 ratio 9.77 10.63 10.68 91 5
Tier-1 ratio 11.09 12.20 12.14 105 -6
CRAR 13.32 14.52 14.42 110 -10
Network:
 8,729 Branches including foreign branches
 11,154 ATMs
 15,376 BC points
 126 SARAL/SARAL Lite (MSME Loan Processing Centres)
 131 ULPs (Retail Loan Processing Centres)
 81 USKs (Agricultural Loan Processing Centres)
 70 MSME First Branches
Financial inclusion schemes:
Financial inclusion schemes launched by GOI aims to eliminate barriers and provide economically
priced financial services to the less accessible sections of the society through government-
backed schemes like PMJJBY, PMSBY, PMJDY and APY.
 Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY):
This is a Government- backed insurance scheme; 0.90 lakh new enrollments were done by
Bank for the quarter ended June 30, 2022.
 Pradhan Mantri Suraksha Bima Yojana (PMSBY):
This is Government- backed accidental insurance scheme; 1.97 lakh new enrollments were
done by Bank for the quarter ended June 30, 2022.

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Corporate Communications Division, Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai – 400021.
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 Pradhan Mantri Jan Dhan Yojana (PMJDY):
Our bank is instrumental in opening 2.49 Crores accounts under PMJDY Scheme with
balance of Rs. 7,827 Crores as on 30.06.2022. The corresponding figure was 2.21 Crores
account with balance of Rs. 6,597 Crores as on 30.06.2021. Thereby increase in account
opening is 12.67% on YoY basis.
 Atal Pension Yojana (APY):
APY is a pension scheme, primarily targeted at the individuals working in unorganized
sector, 1.09 lakh new enrollments were done by Bank for the quarter ended June 30,
2022.
New schemes launched to tackle COVID-19:
Our bank had taken initiative for easing out challenges of Covid 19 by disbursing flagship
schemes launched by GOI meant for business entities, retails customers for fulfilling immediate
needs.
 PM SVANidhi:
A micro credit facility that provides street vendors a collateral free loan of Rs.10,000 with
low rates of interest for a period of one year.
No. of Loans Sanctioned – 3,64,772
Total amount Sanctioned – Rs. 392 Crores
 Union Guaranteed Emergency Credit Line (UGECL):
A special scheme as per GOI guidelines for sanctioning pre-approved limit to eligible
borrowers up to 20/40 per cent of loan outstanding as on 29th February, 2020. These limit
were meant for Business Enterprises / MSME borrowers/Individuals, including interested
PMMY borrowers as additional working capital term loan facility.
No. of Loans Sanctioned (UGECL 1,2,3&4) –3,73,809
Total amount Sanctioned (UGECL 1,2,3&4)– Rs.10,667 Crore
 New Initiatives Taken and Revamping done by the Bank during Quarter:
1.0 Formation of New vertical ‘Transaction Monitoring& Fraud Management’
 With an aim to strengthening and to streamline the monitoring mechanism, our bank has
formed new vertical ‘Transaction Monitoring & Fraud Management’ by covering all the
related activities and overall monitoring under one centralized set up.
2.0 Bank has launched specialized branch “Union MSME First Branch (UMFB)” with a specific
objective to provide customized & dedicated services to MSME customers efficiently.
3.0 Separate vertical for Gold Loan Business & Education Loan
 To tap the market share under gold loan portfolio, Bank has launched specialized and
dedicated vertical “ UNION GOLD LOAN POINT (UGLP)” to have focused business growth
in selected potential branches across the country. These branches will have exclusive
counters to cater to the customer needs with special features. As present 510 Gold loan
points have been rolled out.
 With a focused approach to increase Education loan portfolio, a separate vertical is
formed with special features for Inland & Foreign Education requirements

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Corporate Communications Division, Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai – 400021.
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4.0 Establishment of Corporate Relationship cell under LCV.
 With a primary objective to reach out to corporate clients, a dedicated “Corporate
Relationship Cell” has been established at LCV, Central Office. This cell will look after
the requirements of corporate borrowers to their satisfaction.