Union Bank Of India Limited · NSE:UNIONBANK
Union Bank Of India — Q2 FY2022 Earnings Presentation
67 slides from Union Bank Of India's earnings presentation, Nov 2, 2021
Slide 1: Financial Results Q2FY22
Financial Results Q2FY22 November 2, 2021 Please follow us on: @unionbankofindia @UnionBank Tweets UnionBankInsta UnionBankofIndiaUtube UnionBankofIndia 1 1
Slide 2: Union Bank: Network & Group Entities
Union Bank: Network & Group Entities 9250+ Branches 11650+ ATMs 5 Subsidiaries Sales & UBI Services Ltd Marketing Union Asset Management Co Pvt Ltd Mutual Fund Union Trustee Co Pvt Ltd Banking Union Bank of India (UK) Limited Financial Services Andhra Bank Financial Services Ltd 4 Joint Ventures Ban
Slide 3: Union Bank: Sustained Improvement
Union Bank : Sustained Improvement GNPA(%) NNPA(%) NNPA to Net Worth(%) 6.9 107.42 15.0 14.6 13.7 12.6 5.2 80.82 4.6 4.6 62.7 53.5 Mar-19 Mar-20 Mar-21 Sep-21 Mar-19 Mar-20 Mar-21 Sep-21 Mar-19 Mar-20 Mar-21 Sep-21 PCR(%) Credit Cost(%)* Cost to Income Ratio(%)* 3.58 78.21 81.27 81.77 3.15 48.80 48.
Slide 4: Table of Contents
Table of Contents 1 Performance Highlights 5-6 2 Business Performance 7-21 3 Financials 22-34 4 Asset Quality and Capital 35-42 5 Digitization Journey & New Initiatives 43-52 6 EASE & ESG 53-58 7 Group Entities 59-65 4
Slide 5: Performance Highlights
Performance Highlights
Slide 6: Performance Highlights – Q2FY22
Performance Highlights – Q2FY22 255 0.74% 3.15% Total Business YoY Total Deposit YoY CASA Share bps YoY 574 207 126 RAM Share bps GNPA bps CRAR bps YoY YoY YoY 125 115 17 Cost to Income NIM bps CET-1 bps bps YoY Ratio YoY YoY Net Interest 8.52% Operating Profit 25.7% Net Profit 195.4% Income YoY Rs.
Slide 7: Business Performance
Business Performance
Slide 8: Business Performance - Liabilities
Business Performance - Liabilities ₹ in crore Total Deposits 3.15 % 8,86,098 9,23,805 9,08,528 9,14,022 (YoY) 2,178 1,461 789 2,473 3.35% 8,83,625 9,21,627 9,07,067 9,13,233 (YoY) Domestic Deposits Sep-20 Mar-21 Jun-21 Sep-21 Domestic Deposits Overseas Deposits Total Deposits CASA Portfolio CASA+ Re
Slide 9: Business Performance - Assets
Business Performance - Assets Gross Advances ₹ in crore 6,51,062 6,53,684 6,45,091 6,34,583 18,292 16,012 14,854 15,446 6,32,770 6,37,672 6,30,237 6,19,137 Sep-20 Mar-21 Jun-21 Sep-21 Domestic Advances Overseas Advances Gross Advances Proportion of Gross Advances (%) 16.3 17.2 42.9 48.7 17.0 19.7 18
Slide 10: Business Performance - Assets
Business Performance - Assets ₹ in crore RAM Advances in Retail Domestic Advances 574 bps 9.35% YoY 1,28,190 YoY 1,25,427 1,25,445 55.58% 55.49% 58.51% 1,17,231 52.77% Sep-20 Mar-21 Jun-21 Sep-21 Sep-20 Mar-21 Jun-21 Sep-21 Agriculture MSME* 13.06% 2.76% 1,24,897 1,08,858 1,09,166 YoY 1,20,124 1,18,
Slide 11: Diversified Loan Portfolio - RAM
Diversified Loan Portfolio - RAM Composition of Retail Advances (%) Achievement under Priority Sector as on Sep-2021 Sep-20 27 RBI Achieved Norms Particulars (as % of 48 (as % of 4 ANBC) 10 ANBC) 5 6 Agriculture 18.00 18.52 Sep-21 Small and Marginal 20 9.00 12.36 4 Farmers 9 53 6 8 Weaker Section 11
Slide 12: Progress under Mudra Loans
Progress under Mudra Loans ₹ in crore Progress under Mudra Yojana (PMMY) As on 30th April 21 - September 21 September 2021 Sanctioned Outstanding Outstanding Category No. of Accounts Amount Amount Amount (Rs. in crore) (Rs. in crore) (Rs. in crore) Shishu (< 50k) 1,05,233 221.00 149.32 984.26 Kishor
Slide 13: COVID Relief Schemes
COVID Relief Schemes Helping customers to tide over the liquidity crisis through various schemes (as on 30.09.2021) ₹ in crore PM SVANidhi 1 No of Loans – 3,03,845 Amount Sanctioned – 300.45 Union Guaranteed Emergency Credit Line (UGECL 1.0) 2 No of Loans – 3,72,864 Amount Sanctioned – 8,478.18 Unio
Slide 14: Diversified Loan Portfolio-Industry Exposure
Diversified Loan Portfolio-Industry Exposure ₹ in crore (% Share in Domestic Advances) S No Sectors Mar-21 Jun-21 Sep-21 Rs. In Crore % Share Rs. In Crore % Share Rs.In Crore % Share 1 Infrastructure 1,03,325 16.20 1,05,214 16.69 1,04,495 16.88 2 NBFCs and HFCs 72,015 11.29 66,426 10.54 64,339 10.39
Slide 15: Segment wise break up & rating of NBFC - Standard Exposure
Segment wise break up & rating of NBFC - Standard Exposure Rating Profile of Standard NBFC Exposure Segment wise exposure Breakup % Share 9 7 7 Ratings Sep-20 Jun-21 Sep-21 52 46 58 AAA 48.31 50.15 54.54 10 14 9 31 33 AA 34.55 32.02 30.47 24 Sep-20 Jun-21 Sep-21 A 15.46 12.47 13.65 Central & State P
Slide 16: Credit Rating Matrix & CIBIL Rating Profile
Credit Rating Matrix & CIBIL Rating Profile Post Centralization of Credit underwriting- Improved Rating Profile Rating Matrix of Outstanding Corporate Loans(> 5 Crore) Retail CIBIL rating Profile 18 52 52 58 59 23 72 15 28 29 23 59 15 5 5 27 18 13 15 14 Mar-17* Sep-20 Sep-21 FY-17* FY-21 Sep-21 BB &
Slide 17: Investments
Investments ₹ in crore % of SLR and Non SLR in Domestic Investments 3,29,132 3,36,184 3,43,505 3,33,869 29 28 28 27 71 72 72 73 Sep-20 Mar-21 Jun-21 Sep-21 SLR Non SLR Domestic Investments Particulars (Domestic) Sep-20 Jun-21 Sep-21 Sep-20 Jun-21 Sep-21 ₹ in crore Duration (Years) Available for Sale
Slide 18: Investments
Investments ₹ in crore Composition of Domestic Investments Category Sep-20 Jun-21 Sep-21 SLR Investments 2,33,196 2,48,985 2,42,965 Non-SLR Investments 95,936 94,520 90,904 Commercial Paper 6,080 6,896 4,029 Certificate of Deposits 2,353 2,625 1,946 Mutual Funds 886 373 473 Shares 5,785 5,18
Slide 19: Overseas Operations
Overseas Operations Business from Overseas Branches Overseas Branches US $ in billion Sep* Mar# Jun^ Sep^^ (₹ in 2020 2021 2021 2021 crore) 1.DIFC , Dubai Total 2.81 2.48 2.19 2.19 Business (20,766) (18,190) (16,317) (16,238) 2.Hong Kong Total 0.33 0.29 0.20 0.11 Deposits (2,473) (2,178) (1,462) (79
Slide 20: Financial Inclusion
Financial Inclusion Total PMJDY Accounts Balance in PMJDY A/c ( Rs. In Crore) (No. in Lakhs) 6,680 6,597 221 230 6,465 217 200 5,764 Sep-20 Mar-21 Jun-21 Sep-21 Sep-20 Mar-21 Jun-21 Sep-21 Financial Inclusion Acc-Fresh Enrolments (in Lakhs) Terminal Figures (No. in Lakh) 11.56 Scheme Sep-20 Sep-21 6
Slide 21: Statement of Assets & Liabilities-Standalone
Statement of Assets & Liabilities-Standalone ₹ in crore As at As at As at As at Particulars 30.09.20 31.03.21 30.06.21 30.09.21 LIABILITIES Capital 6,407 6,407 6,835 6,835 Reserves and surplus 55,941 58,070 60,827 62,729 Deposits 8,86,098 9,23,805 9,08,528 9,14,022 Borrowings 53,806 51,837 51,942 51
Slide 22: Financials
Financials
Slide 23: Cost & Yield Ratio (%)
Cost & Yield Ratio (%) Parameters Sep-20 (Q2) Jun-21 (Q1) Sep-21 (Q2) H1 FY 2021 H1 FY 2022 Domestic Global Domestic Global Domestic Global Domestic Global Domestic Global Cost of 4.83 4.82 4.18 4.17 4.16 4.16 4.93 4.92 4.17 4.17 Deposit Cost of Funds 4.28 4.22 3.77 3.71 3.68 3.62 4.31 4.26 3.72 3.6
Slide 24: Cost & Yield Ratio- Global (%) (Quarterly)
Cost & Yield Ratio- Global (%) (Quarterly) Cost of Deposits Cost of Funds Yield on Advances 4.82 7.45 7.26 4.22 7.12 4.27 3.74 3.71 6.24 4.17 4.16 3.62 Sep-20 Mar-21 Jun-21 Sep-21 Sep-20 Mar-21 Jun-21 Sep-21 Sep-20 Mar-21 Jun-21 Sep-21 Yield on Investments Yield on Funds Net Interest Margin 6.27 6.5
Slide 25: Cost & Yield Ratio- Global (%) (Half-Yearly)
Cost & Yield Ratio- Global (%) (Half-Yearly) Cost of Deposits Cost of Funds Yield on Advances 4.92 7.66 4.66 4.26 7.21 7.19 4.06 4.17 3.67 H1FY21 FY-21 H1FY22 H1FY21 FY-21 H1FY22 H1FY21 FY-21 H1FY22 Yield on Investments Yield on Funds Net Interest Margin (NIM) 6.37 6.22 6.57 3.00 5.88 6.34 6.21 2.78
Slide 26: Movement of NIM (%)
Movement of NIM (%) Quarterly 3.11 3.08 2.83 2.78 2.98 2.95 2.40 2.38 Sep-20 Mar-21 Jun-21 Sep-21 Domestic Global Half-Yearly 3.03 3.00 2.82 2.78 2.75 2.71 H1FY21 FY-21 H1FY22 Domestic Global 26
Slide 27: Net Interest Income
Net Interest Income ₹ in crore Quarterly 7,013 6,829 6,293 5,403 8.52 % YoY Sep-20 Mar-21 Jun-21 Sep-21 Half-Yearly 9.03 % 13,843 YoY 12,696 H1FY21 H1FY22 27
Slide 28: Operating Performance
Operating Performance ₹ in crore Growth Growth Sep-20 Mar-21 Jun-21 Sep-21 H1 H1 Growth Parameters (%) (%) (Q2) (Q4) (Q1) (Q2) FY21 FY22 (%) YoY QoQ 1. Interest on Advances 11,880 9,970 11,346 11,165 -6.02 -1.59 24,343 22,511 -7.53 2. Interest on Investments 5,266 4,911 5,100 4,916 -6.64 -3.60 10,50
Slide 29: Non Interest Income
Non Interest Income ₹ in crore Growth Growth Sep-20 Mar-21 Jun-21 Sep-21 H1 H1 Parameters (%) (%) Growth (Q2) (Q4) (Q1) (Q2) FY21 FY22 YoY QoQ (%) 1. Core Fee Based Income 980 1,522 1,064 1,230 25.47 15.63 1,735 2,293 32.17 w/w a. Processing charges 172 309 218 247 43.60 13.30 308 465 50.97 on Advan
Slide 30: Operating Profit
Operating Profit ₹ in crore Quarterly 25.66 % 6,074 YoY 4,833 5,180 5,181 Sep-20 Mar-21 Jun-21 Sep-21 Half-Yearly 19.19 % 11,255 YoY 9,443 H1FY21 H1FY22 30
Slide 31: Provisions
Provisions ₹ in crore Sep-20 Mar-21 Jun-21 Sep-21 H1 H1 Parameters (Q2) (Q4) (Q1) (Q2) FY21 FY22 NPAs 3,721 4,712 2,492 3,693 6,172 6,185 Standard Assets 51 -1,443 1,096 45 461 1,141 Depreciation on Investment 180 539 -198 -53 672 -252 Shifting Loss 0 0 0 0 0 0 Restructured Advances -5 50 -19 -4 85
Slide 32: Net Profit
Net Profit ₹ in crore Quarterly 195.42 % 1,526 YoY 1,330 1,181 517 Sep-20 Mar-21 Jun-21 Sep-21 Half-Yearly 218.85 % YoY 2,707 849 H1FY21 H1FY22 32
Slide 33: Efficiency/Profitability Ratios (%)
Efficiency/Profitability Ratios (%) Return on Average Assets(%) Cost to Income Ratio(%) 0.56 47.96 46.51 46.75 0.49 0.50 44.95 45.37 0.43 43.80 0.19 0.15 Sep-20 Mar-21 Jun-21 Sep-21 H1FY21 H1FY22 Sep-20 Mar-21 Jun-21 Sep-21 H1FY21 H1FY22 S. Efficiency Sep-20 Mar-21 Jun-21 Sep-21 H1 H1 No. Parameters
Slide 34: Efficiency Parameters
Efficiency Parameters ₹ in crore Sep-20 Mar-21 Jun-21 Sep-21 H1 H1 Profitability Parameters (Q2) (Q4) (Q1) (Q2) FY21 FY22 Business per Branch 160.29 169.35 166.79 166.93 160.29 166.93 Business per employee 20.44 20.17 20.15 20.32 20.44 20.32 Gross Profit per Branch 2.02 2.22 2.22 2.62 1.97 2.43 Gros
Slide 35: Asset Quality & Capital
Asset Quality & Capital
Slide 36: OTR under COVID Resolution Framework as on 30.09.2021
OTR under COVID Resolution Framework as on 30.09.2021 ₹ in crore Resolution Framework 1.0 Resolution Framework 2.0 Implemented Implemented Category Category (30.09.2021) (30.09.2021) MSME (Up to Rs.25 cr) 2,320 MSME 2,585 Personal Loans 3,538 Personal & Small Business 6,205 Agriculture Allied - Agri
Slide 37: Asset Quality: Movement in Non Performing Assets
Asset Quality: Movement in Non Performing Assets ₹ in crore Parameters Sep-20 Mar-21 Jun-21 Sep-21 H1 H1 (Q2) (Q4) (Q1) (Q2) FY21 FY22 Gross NPAs - Opening 97,190 87,968 89,788 87,762 97,193 89,788 Add : Additions 673 14,688 7,049 6,745 2,423 13,794 Less : Reductions 2,066 12,869 9,075 14,296 3,819
Slide 38: Asset Quality: Sectoral
Asset Quality: Sectoral ₹ in crore Sectoral NPA % O/s NPA Slippages During Sectors as on Q2 FY 22 Sep 2021 Sep-20 Jun-21 Sep-21 Retail Loans 602 5,289 4.10 5.00 4.15 Agriculture 1,031 15,535 9.47 13.04 12.44 MSME 1,526 22,297 17.57 21.17 20.42 Large Corporate & Others 3,586 37,090 19.85 14.70 13.59
Slide 39: Status of NCLT Accounts
Status of NCLT Accounts RBI List 1 O/s RBI List 2 O/s Others- Admitted Total ₹ 5,887 Cr ( 6 A/c) ₹ 7,326 Cr ( 13 A/c) ₹ 47,614 Cr ( 491 A/c) ₹ 60,827 Cr ( 510 A/c) PCR on NCLT accounts 100% 99.31% 94.07% 95.27% RBI List 1 RBI List 2 Others Total (admitted) 39
Slide 40: Basel III : Capital Adequacy
Basel III : Capital Adequacy ₹ in crore Sep-20 Jun-21 Sep-21 Capital Adequacy Ratio(%) Parameter 12.38 13.32 13.64 Amt. % to RWA Amt. % to RWA Amt. % to RWA 1 Tier I 54,760 10.05 59,837 11.09 60,187 11.32 2.23 2.32 2.33 1.32 1.16 Common Equity I 48,560 8.91 52,732 9.77 54,004 10.16 1.14 Additional T
Slide 41: Basel III : Ratings & Capital Raising
Basel III : Ratings & Capital Raising Basel III Rating Agency Tier I Tier II Previous Current Previous Current Rating Rating Rating Rating AA-/ Stable AA/ Stable AA+/ Stable AA+/ Stable CRISIL Ratings AA-/ AA-/ Stable AA+/ Negative AA+/ Stable CARE Ratings Negative AA/ Negative AA/ Stable AA+/ Stabl
Slide 42: Shareholding Pattern
Shareholding Pattern Particulars As on 30.09.2021 Shareholding Pattern (%) as on 30.09.21 Share Capital ₹ 6,835 crore No. of Equity Shares 683.47 crore Promoters Holding (%) 83.5% 8.3 6.7 1.5 Market Cap ₹ 24,776 crore* Net worth (30.09.2021) Rs in Crs 83.5 1.1 Share Capital 6,835 1.2 Reserve & Surpl
Slide 43: Digitization Journey and New Initiatives
Digitization Journey and New Initiatives
Slide 44: Project SAMARTH 2.0
Project SAMARTH 2.0 The Bank has initiated post-amalgamation transformation journey with focus on increased digitization Launch of Samarth 2.0 project Set up of dedicated Digitization vertical Post-amalgamation digitization project 44
Slide 45: Project SAMARTH 2.0: Aspirations for next 2-3 years
Project SAMARTH 2.0 Aspirations under SAMARTH 2.0 for next 2-3 years Long term synergies Revamped New Customer journey Digitized back- and digital channels digital, sales- digitization CAPS, POS, Credit office revamp oriented & MSME Cards business models branches • Aspiring for 50% of new • Increase
Slide 46: Project SAMARTH 2.0: Select key launches
Project SAMARTH 2.0 Select key launches made UMFB Mobile Collections Debit Cards Branches Banking Revamped call- (Union MSME first Campaign launched Branch) center and FOS Strengthening for strengthened (Feet on Street)- Focused on best-in- mobile debit card adoption driven collections class service
Slide 47: Digital Footprints
Digital Footprints (No. in Lakhs) Debit Card Users Mobile Banking Users 459 130.41 141.12 121.92 449 446 93.37 437 Sep-20 Mar-21 Jun-21 Sep-21 Sep-20 Mar-21 Jun-21 Sep-21 Net Banking Users(Retail) Alternate Channels Txn % 64.74 66.06 79.80 80.85 63.80 77.11 74.86 61.11 Sep-20 Mar-21 Jun-21 Sep-21 Se
Slide 48: Digital Footprints: Value of Transactions (QoQ)
Digital Footprints Value of Transactions (QoQ) Debit Card UPI ( Rs. In Billion) 56.77% 277.84% YoY YoY 519 475 1,398 436 303 838 660 370 Sep-20 Mar-21 Jun-21 Sep-21 Sep-20 Mar-21 Jun-21 Sep-21 48
Slide 49: Union Bank: Customer Touch Points
Union Bank : Customer Touch Points Total Branches Total ATMs 1,189 Branches 9,274 11,677 (1,310 ATMs) 1,370 Branches (2,199 ATMs) Sep-21 Branches (%) Sep-21 ATM (%) NORTHERN 1,847 Branches (2,373 ATMs) 22 28 30 17 21 26 29 27 NORTH EASTERN Rural Rural CENTRAL Semi Urban Semi Urban EASTERN Urban Urba
Slide 50: Expanding Digital Footprints
Expanding Digital Footprints Shishu Mudra (STP) Union Dial (Lead Generation) No of Leads Generated – 74,722 Applications Approved – 4,625 No of Approvals –4,578 , Amt - ₹755 Crore MSME STP up to 5 Crore MSME Straight Through Process No of Accounts – 6,763 Approved Amount –₹ 6,318 Crore 50
Slide 51: TReDS & PSB59
TReDS & PSB59 Key Highlights of performance in TReDS Key Highlights of performance under psbloansin59minutes.com (as on 30.09.2021) (as on 30.09.2021) Number – 34,973 No. of Applications 37,692 Bills discounted Amount – ₹ 4,048 cr Sanctioned ₹ 5,497 cr Interest income earned – ₹ 61 cr Disbursed ₹ 4,
Slide 52: Project- Nav-Parivartan
Project- Nav-Parivartan UVConn (You-We-Connect) Digital Documents Execution The product enables customers to Digital Documents Execution(DDE) know/transact their basic banking platform is a Web based API platform requirements through Authentic /service for dematerialisation(Demat) Whatsapp Business
Slide 53: EASE & ESG
EASE & ESG
Slide 54: Union Bank performance in FY21 EASE Index
Union Bank performance in FY21 EASE Index Union Finance Minister Smt. Nirmala Sitharaman presented 6 awards to Union Bank of India for splendid performance under PSB Reforms Agenda – EASE for FY 20-21, including 1. Best performer under the theme ‘Governance & outcome-centric HR 2. Best performer und
Slide 55: Sustainability Imperative: Environment
Sustainability Imperative: Environment ₹ 307.20 Crore in ₹ 3165.60 Green Sustainability H1 FY21-22 Crore Credit facility extended Financing Linked Loan through to Renewable Energy International Banking Division Sector as on 30.09.2021 Solar Street Energy Solar Power Lights & Conversion on-grid Staff
Slide 56: Sustainability Imperative: Social
Sustainability Imperative: Social Women Empowerment Union Nari Shakti Scheme Women SHGs Scheme exclusively for financing Total 8.41 lac loans women entrepreneurs : sanctioned to SHGs out of Total 260 applications amounting to which 7.48 lac loans ₹ 43.01 crore have been sanctioned . sanctioned to wo
Slide 57: Sustainability Imperative: Social
Sustainability Imperative: Social 100% Socially Secure Village Knowledge Dissemination Bank has established 30 Bank has culminated a RSETI Centres with the noble Mission of 100% objectives of providing Socially Securing three self- employment Villages namely training programmes to Chinnamanaikenpatt
Slide 58: Sustainability Imperative: Governance
Sustainability Imperative: Governance Gender Diversity on Board Ms. Priti Jay Rao appointed as one of the board of directors representing shareholders. Gender Parity Code of Conduct (CoC) for Directors & Senior Management Ensure transparency and high ethical standards in managing the affairs of
Slide 59: Group Entities
Group Entities SS
Slide 60: Union Bank of India – Group Entities
Union Bank of India – Group Entities Union India Bank of International India (UK) Bank (BHD) Limited Malaysia Union Asset UBI Management Services Co P Ltd Ltd Star Union Joint ASREC Subsidiaries Dai-ichi Life India Insurance Co Ltd Ventures Limited Andhra Union Bank Trustee Co Financial P Ltd India
Slide 61: Performance of Group Entities
Performance of Group Entities ₹ in crore Subsidiaries Union Bank of India (UK) Limited Bank’s Particulars H1FY21 H1FY22 Shareholding • Wholly owned subsidiary operating in UK Total Income 57.00 51.00 • Equity Investment – Rs. 1,111.11 crores* Net Profit/ (Loss) (20.00) 12.00 100% Total Assets 3,285.
Slide 62: Performance of Group Entities
Performance of Group Entities ₹ in crore Subsidiaries UBI Services Ltd. Bank’s Particulars H1FY21 H1FY22 Shareholding Engaged in Institutional Equity broking (commenced in November 2015). Total Income 1.84 33.28 Trading of equity shares Net Profit/ (Loss) 1.00 32.70 (proprietary), trading/invest
Slide 63: Performance of Group Entities
Performance of Group Entities ₹ in crore Subsidiaries Union Trustee Co. Pvt. Limited Bank’s Particulars H1FY21 H1FY22 Shareholding • Wholly owned subsidiary Total Income 0.10 0.25 • Equity Investment –Rs. 0.05 crore Net Profit/ (Loss) (0.01) 0.08 100% Total Assets • Act as a trustee company for Unio
Slide 64: Performance of Group Entities
Performance of Group Entities ₹ in crore Joint Ventures India First Life Insurance (IFLIC) Bank’s Particulars H1FY21 H1FY22 Shareholding • IFLIC incorporated in June 2008 . Total Income 1,667.56 2,085.76 • Current Shareholding - Bank of Baroda, Union Bank and Carmel Point Investment India Pvt Ltd Ne
Slide 65: Performance of Group Entities
Performance of Group Entities ₹ in crore Joint Ventures India International Bank (Malaysia) BHD Bank’s Particulars H1FY21 H1FY22 Shareholding • India International Bank Malaysia, Berhad (IIBMB) located at Kuala Lumpur was Total Income 6.77 9.20 incorporated on 13.08.2010 as a JV of Union Bank of Ind
Slide 66: Disclaimer
Disclaimer Except for the historical information contained herein, statements in this presentation which contain words or phrases such as “is”, “aims”, ‘will’, ‘would’, ‘indicating’, ‘expected to’ etc., and similar expressions or variations of such expressions may constitute ‘forward-looking stateme
Slide 67: Investor queries
Please provide your valuable feedback@ icmt.unionbankofindia.co.in/investor _ feedback Investor queries: investor.relations@unionbankofindia.com 67
Union Bank of India — Q2 FY2022 Earnings Presentation on 6ix