Union Bank Of India Limited · NSE:UNIONBANK
Union Bank Of India — FY2021-22 Earnings Presentation
69 slides from Union Bank Of India's earnings presentation, May 13, 2022
Slide 1: Exchange filing cover letter
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Slide 2: Financial Results Q4FY22/FY2021-22
Financial Results Q4FY22/FY2021-22 May 13, 2022 Please follow us on: @unionbankofindia @UnionBank Tweets UnionBankInsta UnionBankofIndiaUtube UnionBankofIndia 1 1
Slide 3: Table of Contents
Table of Contents 1 Performance vis-à-vis Guidance 3 2 Sustained Improvement 4-6 3 Performance Highlights 7-8 4 Business Performance 9-23 5 Financials 24-35 6 Asset Quality and Capital 36-43 7 Union Bank Digital Journey 44-53 8 ESG & EASE 54-58 9 Group Entities 59-66 2
Slide 4: Performance vis-à-vis Guidance
Performance vis-à-vis Guidance FY 21-22 PARAMETERS GUIDANCE ACTUAL Deposits Growth 6-8% 11.75% Advances Growth 6-8% 9.60% CASA(%) 36% to 37% 36.54% NIM(%) 2.9-3.0% 2.94 % Gross NPA(%) Below 11.0% 11.11 % Net NPA (%) Below 4.0% 3.68% Credit Cost (%) Around 2.0% 1.74 % Delinquency Ratio (%) Around 2.5
Slide 5: Union Bank: Sustained Improvement (1/3)
Union Bank : Sustained Improvement (1/3) GNPA(%) NNPA(%) NNPA to Net Worth(%) 15.00 6.90 107.42 14.60 13.74 5.20 80.82 11.11 4.62 3.68 62.70 46.95 Mar-19 Mar-20 Mar-21 Mar-22 Mar-19 Mar-20 Mar-21 Mar-22 Mar-19 Mar-20 Mar-21 Mar-22 PCR(%) Credit Cost(%) CRAR(%) 3.58 14.52 78.21 81.27 83.61 3.15 11.78
Slide 6: Union Bank: Sustained Improvement (2/3)
Union Bank : Sustained Improvement (2/3) ₹ in crore Retail Loans Housing Loans 8.65% 8.25% 1,36,273 YoY 71,692 YoY 1,25,427 66,228 Mar-21 Mar-22 Mar-21 Mar-22 Vehicle Loans Gold Loans 33.49% 18.17% 12,623 YoY 33,828 YoY 9,456 28,626 22.41% YoY Mar-21 Mar-22 Mar-21 Mar-22 5
Slide 7: Union Bank: Sustained Improvement (3/3)
Union Bank : Sustained Improvement (3/3) No. of Branches 9,590 9,315 8,873 Cost to Income ratio(%) Mar-20 Mar-21 Mar-22 48.95 46.02 45.74 No. of ATMs 13,311 12,957 11,232 Mar-20 Mar-21 Mar-22 Mar-20 Mar-21 Mar-22 6
Slide 8: Performance Highlights
Performance Highlights
Slide 9: Performance Highlights – FY22
Performance Highlights – FY22 Total Business Total Deposits CASA Deposits RAM Advances 10.86% YoY 11.75% YoY 12.40% YoY 9.36% YoY GNPA (%) NNPA (%) Credit Cost(%) NNPA to Net Worth(%) 263 bps YoY 94 bps YoY 37 bps YoY 1,575 bps YoY CRAR CET-1 Net Interest Net Profit Income 196 bps YoY 156 bps YoY 12
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Slide 11: Business Performance - Liabilities
Business Performance - Liabilities ₹ in crore Total Deposits 9,23,805 9,14,022 9,37,455 10,32,392 11.75% (YoY) 290 2,178 789 266 11.99% 10,32,102 (YoY) 9,21,627 9,13,233 9,37,189 Domestic Deposits Mar-21 Sep-21 Dec-21 Mar-22 Domestic Deposits Overseas Deposits Total Deposits CASA Portfolio CASA+ Ret
Slide 12: Business Performance - Assets
Business Performance - Assets Gross Advances ₹ in crore 6,53,684 6,34,583 6,69,531 7,16,408 9.60% YoY 15,822 17,139 16,012 15,446 6,37,672 6,19,137 6,53,709 6,99,269 Mar-21 Sep-21 Dec-21 Mar-22 Domestic Advances Overseas Advances Gross Advances Standard Advances Proportion of Proportion of 12.93% Gr
Slide 13: Business Performance - Assets
Business Performance - Assets ₹ in crore Retail Agriculture 8.65% 10.80% YoY YoY 1,32,164 1,36,273 1,33,092 1,25,427 1,28,190 1,28,152 1,20,124 1,24,897 Mar-21 Sep-21 Dec-21 Mar-22 Mar-21 Sep-21 Dec-21 Mar-22 MSME* Gold Loans 18.17% 8.56% YoY 1,14,974 YoY 33,828 1,11,874 30,911 31,707 1,05,908 1,06,
Slide 14: Diversified Loan Portfolio - RAM
Diversified Loan Portfolio - RAM Composition of Retail Advances (%) Achievement under Priority Sector as on Mar-2022 Mar-21 20 RBI Achieved Benchmark 4 Particulars (as % of (as % of ANBC) ANBC) 9 53 6 8 Agriculture 18.00 19.71 Mar-22 Small and Marginal 9.00 13.65 Farmers 20 4 Micro Enterprises 7.50
Slide 15: Progress under Mudra Loans
Progress under Mudra Loans ₹ in crore Progress under Pradhan Mantri Mudra Yojana (PMMY) April 21 - March 22 Total Outstanding NPA as on Amount as on 31.03.2022 No. of Sanctioned Outstanding 31.03.2022 (% to o/s) Category Accounts Amount Amount Shishu (< 50k) 3,50,132 715 511 1,114 311 (27.9%) Kishor
Slide 16: COVID Relief Schemes
COVID Relief Schemes Helping customers to tide over the liquidity crisis through various schemes (as on 31.03.2022) PM SVANidhi 1 No of Loans – 3,54,447 Amount Sanctioned – ₹382 Cr Union Guaranteed Emergency Credit Line 2 No of Loans – 3,73,782 Amount Sanctioned – ₹10,656 Cr Union Guaranteed Emergen
Slide 17: Diversified Loan Portfolio-Industry Exposure
Diversified Loan Portfolio-Industry Exposure ₹ in crore (% Share in Domestic Advances) S No Sectors Mar-21 Dec-21 Mar-22 Rs. In Crore % Share Rs. In Crore % Share Rs.In Crore % Share 1 Infrastructure 1,03,325 16.20 1,10,598 16.92 1,11,776 15.98 2 NBFCs and HFCs 72,015 11.29 70,218 10.74 90,149 12.89
Slide 18: 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 Ratings Mar-21 Dec-21 Mar-22 7 9 7 52 47 44 AAA 50.11 53.38 63.50 14 AA 34.77 31.46 24.39 12 14 30 35 29 A 13.70 13.57 10.88 Mar-21 Dec-21 Mar-22 BBB 1.36 1.12 0.
Slide 19: 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(> Rs. 5 Crore) Retail CIBIL Rating Profile in % in % 18 52 55 58 62 23 77 15 28 21 59 27 12 5 26 4 17 11 15 14 Mar-17* Mar-21 Mar-22 FY-17* FY-
Slide 20: Investments
Investments ₹ in crore % of SLR and Non SLR in Domestic Investments 3,36,183 3,33,871 3,36,146 3,53,002 28 27 27 25 72 73 73 75 Mar-21 Sep-21 Dec-21 Mar-22 SLR Non SLR Domestic Investments Particulars (Domestic) Mar-21 Dec-21 Mar-22 Mar-21 Dec-21 Mar-22 ₹ in crore M-Duration (%) Available for Sale 8
Slide 21: Investments
Investments ₹ in crore Composition of Domestic Investments Category Mar-21 Sep-21 Dec-21 Mar-22 SLR Investments 2,40,298 2,42,965 2,46,439 2,64,164 Non-SLR Investments 95,885 90,904 89,707 88,838 Commercial Paper 6,715 4,029 4,279 6,401 Certificate of Deposits 2,884 1,946 1,228 1,703 Mutual Fu
Slide 22: Overseas Operations
Overseas Operations Business from Overseas Branches Overseas Branches US $ in billion Mar* Sep# Dec^ Mar^^ (₹ in 2021 2021 2021 2022 crore) 1.DIFC , Dubai Total 2.48 2.19 2.17 2.30 Business (18,190) (16,238) (16,094) (17,428) 2.Hong Kong Total 0.29 0.11 0.04 0.04 Deposits (2,178) (789) (268) (290) T
Slide 23: Financial Inclusion
Financial Inclusion Total PMJDY Accounts (No. in Lakhs) Balance in PMJDY A/c ( Rs. In Crore) 245 7,780 238 6,680 7,037 230 6,465 217 Mar-21 Sep-21 Dec-21 Mar-22 Mar-21 Sep-21 Dec-21 Mar-22 Performance under Financial Inclusion ( No. in Lakhs) 179 148 41 50 25 20 PMJJBY PMSBY APY Mar-21 Mar-22 22
Slide 24: Statement of Assets & Liabilities-Standalone
Statement of Assets & Liabilities-Standalone ₹ in crore As at As at As at As at Particulars 31.03.21 30.09.21 31.12.21 31.03.22 LIABILITIES Capital 6,407 6,835 6,835 6,834 Reserves and surplus 58,070 62,729 63,822 63,742 Deposits 9,23,805 9,14,022 9,37,455 10,32,393 Borrowings 51,837 51,863 54,030 5
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Slide 26: Cost & Yield Ratio (%)
Cost & Yield Ratio (%) Parameters Mar-21 (Q4) Dec-21 (Q3) Mar-22 (Q4) FY 2021 FY 2022 Domestic Global Domestic Global Domestic Global Domestic Global Domestic Global Cost of 4.28 4.27 4.00 4.00 4.13 4.13 4.67 4.66 4.12 4.12 Deposits Cost of Funds 3.80 3.74 3.54 3.49 3.66 3.62 4.12 4.06 3.67 3.61 Yie
Slide 27: Cost & Yield Ratio- Global (%) (Quarterly)
Cost & Yield Ratio- Global (%) (Quarterly) Cost of Deposit Cost of Funds Yield on Advances 4.27 7.20 4.13 3.74 6.98 4.00 3.62 3.49 6.24 Mar-21 Dec-21 Mar-22 Mar-21 Dec-21 Mar-22 Mar-21 Dec-21 Mar-22 Yield on Investment Yield onFunds Net Interest Margin 6.05 5.99 6.05 3.00 5.90 5.97 2.75 5.75 2.38 Ma
Slide 28: Movement of NIM (%)
Movement of NIM (%) Quarterly 2.98 3.04 2.78 2.75 2.95 3.00 2.40 2.38 Mar-21 Sep-21 Dec-21 Mar-22 Domestic Global Annual 2.75 2.97 2.94 2.71 FY-21 FY-22 Domestic Global 27
Slide 29: Net Interest Income
Net Interest Income ₹ in crore Quarterly 6829 7174 6769 25.29 % 5403 YoY Mar-21 Sep-21 Dec-21 Mar-22 Annual 12.55 % 27,786 YoY 24,688 FY21 FY22 28
Slide 30: Operating Performance
Operating Performance ₹ in crore Growth Growth Mar-21 Sep-21 Dec-21 Mar-22 Growth Parameters (%) (%) FY21 FY22 (Q4) (Q2) (Q3) (Q4) (%) YoY QoQ 1. Interest on Advances 9,970 11,165 11,270 11,454 14.88 1.63 45,766 45,236 -1.66 2. Interest on Investments 4,911 4,917 4,931 4,996 1.74 1.34 20,574 19,943
Slide 31: Non Interest Income
Non Interest Income ₹ in crore Growth Growth Mar-21 Sep-21 Dec-21 Mar-22 Parameters (%) (%) Growth (Q4) (Q2) (Q3) (Q4) FY21 FY22 YoY QoQ (%) 1. Core Fee Based Income 1,513 1,230 1,316 1,827 20.78 38.88 4,581 5,459 19.18 w/w a. Processing charges 309 247 245 269 -12.94 9.80 903 978 8.31 on Advances C
Slide 32: Operating Profit
Operating Profit ₹ in crore Quarterly 11.32 % 6,074 YoY 5,520 4,959 5,098 Mar-21 Sep-21 Dec-21 Mar-22 Annual 11.22% YoY 21,873 19,667 FY21 FY22 31
Slide 33: Provisions
Provisions ₹ in crore Mar-21 Sep-21 Dec-21 Mar-22 Parameters (Q4) (Q2) (Q3) (Q4) FY21 FY22 NPAs 4,712 3,693 2,274 3,460 13,920 11,919 Standard Assets -1,443 45 317 -10 1,246 1,449 Provision on NPI (Investment) 318 -53 -89 556 967 215 Restructured Advances 50 -4 -2 -9 82 -33 FITL (Std) 23 55 -26 -86
Slide 34: Net Profit
Net Profit ₹ in crore Quarterly 8.26% YoY 1,526 1,440 1,330 1,085 Mar-21 Sep-21 Dec-21 Mar-22 Annual 80.05% 5,232 YoY 2,906 FY21 FY22 33
Slide 35: Efficiency/Profitability Ratios
Efficiency/Profitability Ratios Return on Average Assets(%) Cost to Income Ratio(%) 0.56 49.05 0.49 0.50 47.43 0.47 44.87 46.02 45.74 0.39 43.80 0.27 Mar-21 Sep-21 Dec-21 Mar-22 FY21 FY22 Mar-21 Sep-21 Dec-21 Mar-22 FY21 FY22 Quarterly Annual Annual Quarterly S. Mar-21 Sep-21 Dec-21 Mar-22 Efficienc
Slide 36: Efficiency Parameters
Efficiency Parameters ₹ in crore Mar-21 Sep-21 Dec-21 Mar-22 Profitability Parameters (Q4) (Q2) (Q3) (Q4) FY21 FY22 Business per Branch 169.35 166.93 176.34 198.91 169.35 198.91 Business per employee 20.17 20.32 21.25 23.26 20.17 23.26 Gross Profit per Branch 2.13* 2.62* 2.24* 2.51* 2.11 2.49 Gross
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Slide 38: OTR under COVID Resolution Framework as on 31.03.2022
OTR under COVID Resolution Framework as on 31.03.2022 ₹ in crore Resolution Framework 1.0 Resolution Framework 2.0 Outstanding Implemented Category Category (31.03.2022) (31.03.2022) MSME (Up to Rs.25 cr) 2,029 MSME 3,195 Personal Loans 3,425 Personal & Small Business 6,372 Agriculture Allied - Agri
Slide 39: Asset Quality: Movement in Non Performing Assets
Asset Quality: Movement in Non Performing Assets ₹ in crore Parameters Mar-21 Sep-21 Dec-21 Mar-22 (Q4) (Q2) (Q3) (Q4) FY21 FY22 Gross NPAs - Opening 87,968 87,762 80,211 77,787 97,193 89,788 Add : Additions 14,688 6,745 3,411 5,672 17,443 22,877 Less : Reductions 12,869 14,296 5,836 3,872 24,849 33
Slide 40: Asset Quality: Sectoral
Asset Quality: Sectoral ₹ in crore Sectoral NPA % Slippages Slippages O/s NPA Sectors During During as on Q4 FY 22 FY 22 Mar 2022 Mar-21 Dec-21 Mar-22 Retail Loans 648 2,817 4,972 4.46 3.78 3.67 Agriculture 1,024 4,300 15,407 12.07 12.27 11.58 MSME 1,443 6,982 21,510 20.40 18.96 18.71 Large Corporat
Slide 41: Status of NCLT Accounts
Status of NCLT Accounts RBI List 1 O/s RBI List 2 O/s Others- Admitted Total ₹ 5,771 Cr (6 A/c) ₹ 7,339 Cr (13 A/c) ₹ 47,298 Cr (517 A/c) ₹ 60,408 Cr (536 A/c) PCR on NCLT accounts 100% 99.44% 96.94% 97.54% RBI List 1 RBI List 2 Others Total (admitted) 40
Slide 42: Basel III: Capital Adequacy
Basel III : Capital Adequacy ₹ in crore Mar-21 Dec-21 Mar-22 Capital Adequacy Ratio(%) Parameter % to % to 14.52 Amt. % to RWA Amt. Amt. RWA RWA 13.92 12.56 1 Tier I 57,091 10.35 64,216 11.75 66,589 12.20 2.17 2.32 Common Equity I 50,001 9.07 55,642 10.18 58,049 10.63 2.21 1.57 1.56 1.29 Additional
Slide 43: Basel III: Ratings & Capital Raising
Basel III : Ratings & Capital Raising Basel III Rating Agency Capital raised during FY22 Tier I Tier II Rating Rating Basel III Compliant Additional Tier 1 Bonds for ₹ 5,000 Crores during AA/Stable AA+/Stable FY22 CRISIL Ratings AA/Stable AA+/Stable CARE Ratings AA/Stable AA+/Stable Brickwork Rating
Slide 44: Shareholding Pattern
Shareholding Pattern Particulars As on 31.03.2022 Shareholding Pattern (%) as on 31.03.221 Share Capital ₹ 6,835 crore No. of Equity Shares 683.47 crore Promoters Holding (%) 83.49% 8.28 7.05 1.18 Market Cap ₹ 26,450 crore* Net worth (31.03.2022) Rs in Crs 83.49 1.1 Share Capital 6,835 1.2 Reserve &
Slide 45: Union Bank Digital Journey
Union Bank Digital Journey 44
Slide 46: Digital Products
Digital Products PAPL Union Nxt Pre-approved Personal A new-age Super App Loans for all Banking Needs Union Dial UV Conn Lead Generation WhatsApp Banking channel Facility Shishu End-to-end digital FDR Mobile MUDRA sanction STP FD A/C Opening on End- to- end digital mobile App sanction MSME STP MSME
Slide 47: Digital Products - Actuals & Aspirations (1/2)
Digital Products -Actuals & Aspirations (1/2) MOBILE BANKING USERS FDR ON MOBILE UV CONN UPI volume (as a % of no. of SB* a/cs) A/cs opened* Registrations ~21% 4.49 Lakhs* 19% Aspiration 3rd Rank Aspiration Aspiration 40% by 2025 2 Crore Growth in UPI Users 50% by 2025 157% (YoY) *As % of total no.
Slide 48: Digital Products - Actuals & Aspirations (2/2)
Digital Products -Actuals & Aspirations (2/2) MSME STP < RS. 5 CR UNION DIAL MSME CREDIT CARD MSME Auto Renewal Loans Sanctioned* RAM Leads Generated* ~85%* 12.44% 35.5% Aspiration MSME Portfolio 1st Bank to launch eligible for auto 75% by 2025 MSME Credit Card renewal As % of total MSME Loan Sancti
Slide 49: Step towards Digital Bank within the Bank
Digitalization Journey Step towards Digital Bank within the Bank.. Digital Journey Pre-approved personal Loans(PAPL) STP for MUDRA – Sishu & Tarun 01 for Asset Products Auto Renewal of KCC Loans < 1.6 Lacs MSME Auto Renewal < Rs. 10 Lacs Digital Journey STP for NRE/NRO Account Opening 02 for Liabili
Slide 50: Union Trade nxt
Union Trade nxt A comprehensive Digital Trade Platform dedicated to Exporters and Importers, Bringing Ease of doing business 24/7 and Joyful user experience’ Access through website & Initiation of transaction at convenience Informative Personalized Dashboard & reports Calendar showing due dates of t
Slide 51: Union Prerna (1/2)
Union Prerna (1/2) Union Prerna is building a digital HR platform to empower human capital and drive business & strategic ambitions Business objectives Vector Business & strategic goals of the bank Value based Strong Digital Customer first Synergistic Improved EASE business growth capabilities minds
Slide 52: Union Prerna (2/2)
Union Prerna (2/2) 3 step embarked journey to deliver best-in-class HR organization Step 3 Step 2 Step 1 Unlock employee potential Digitised Processes & Controls • Behavioral competencies & IDP • Assignment of roles & creation for 800+ leaders to Setting the foundation KRAs through role identify str
Slide 53: Digital Footprints
Digital Footprints (No. in Lakhs) Debit Card Users Mobile Banking Users Net Banking Users(Retail) 471 479 166.46 68.49 459 153.60 66.06 67.32 446 141.12 63.80 121.92 Mar-21 Sep-21 Dec-21 Mar-22 Mar-21 Sep-21 Dec-21 Mar-22 Mar-21 Sep-21 Dec-21 Mar-22 Volume of Transactions (QoQ) Mobile Banking (Union
Slide 54: Union Bank: Customer Touch Points
Union Bank : Customer Touch Points Total Branches Total ATMs 1,117 Branches 8,873 11,232 (1,266 ATMs) 1,261 Branches (1,993 ATMs) Mar-22 Branches (%) Mar-22 ATM (%) NORTHERN 1,760 Branches (2,319 ATMs) 29 19 22 28 27 21 25 29 NORTH EASTERN Rural Rural Semi Urban Semi Urban CENTRAL Urban Urban EASTER
Slide 55: Environmental, Social and Governance
Environmental, Social and Governance
Slide 56: Sustainability Imperative: Environment
Sustainability Imperative: Environment Union Green ₹ 7,164 Crore Deposit Credit facility extended to ₹ 264.46 Crore Renewable Energy Sector mobilized as on as on 31.03.2022 31.03.2022 Committed towards Environment Union Green Miles Union Bank of India has become ₹ 33.95 Crore the founding member of
Slide 57: Sustainability Imperative: Social
Sustainability Imperative: Social Micro Loans SVANIDHI Shishu Mudra Bank has sanctioned total 3.54 Total 3.50 lakh applications lakh applications amounting to ₹ amounting to ₹ 714.53 crore 381.68 crores as on 31.03.2022 sanctioned in FY21-22. Women Empowerment Women SHGs Union Nari Shakti Scheme Tot
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 The Bank has established following policies: Code of Conduct (CoC) for Directors & Senior Management Ensures transparency and high
Slide 59: Union Bank performance in Q3FY22 EASE Index
Union Bank performance in Q3FY22 EASE Index 58
Slide 60: Group Entities
Group Entities 59
Slide 61: 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 Subsidiaries Joint Ventures Star Union ASREC Dai-ichi Life Andhra India Union Insurance Co Bank Limited Trustee Co Ltd Financial P Ltd Servic
Slide 62: Statement of Assets & Liabilities-Consolidated
Statement of Assets & Liabilities-Consolidated ₹ in crore Particulars As at 31.03.21 As at 31.03.22 LIABILITIES Capital 6,407 6,939 Reserves and surplus 58,227 63,922 Deposits 9,25,654 10,34,367 Borrowings 51,922 51,245 Other Liabilities and Provisions 40,063 37,292 Total 10,82,377 11,93,765 ASSETS
Slide 63: Performance of Group Entities
Performance of Group Entities ₹ in crore Subsidiaries Union Bank of India (UK) Limited Bank’s Particulars FY21 FY22 Shareholding • Wholly owned subsidiary operating in UK Total Income 112 99 • Equity Investment – Rs. 1,136.36 crores* Net Profit/ (Loss) (80) 40 100% Total Assets 3,312 3,051 * USD 150
Slide 64: Performance of Group Entities
Performance of Group Entities ₹ in crore Subsidiaries UBI Services Ltd. Bank’s Particulars FY21 FY22 Shareholding Engaged in Institutional Equity broking (commenced in November 2015). Total Income 3.59 38.05 Trading of equity shares Net Profit/ (Loss) 1.77 24.54 (proprietary), trading/investment
Slide 65: Performance of Group Entities
Performance of Group Entities ₹ in crore Subsidiaries Union Trustee Co. Pvt. Limited Bank’s Particulars FY21 FY22 Shareholding • Wholly owned subsidiary Total Income 0.20 0.50 • Equity Investment –Rs. 0.05 crore Net Profit/ (Loss) (0.04) 0.13 100% Total Assets • Act as a trustee company for Union 0.
Slide 66: Performance of Group Entities
Performance of Group Entities ₹ in crore Joint Ventures India International Bank (Malaysia) BHD Bank’s Particulars FY21 FY22 Shareholding • India International Bank Malaysia, Berhad (IIBMB) located at Kuala Lumpur was Total Income 25.64 16.41 incorporated on 13.08.2010 as a JV of e- Andhra Bank with
Slide 67: Performance of Group Entities
Performance of Group Entities ₹ in crore ASREC India limited Bank’s Particulars FY21 FY22 Shareholding • ASREC India Ltd was established in 2004 as a securitization company under SARFAESIA 2002 (SARFAESIA) with the approval of RBI Total Income 46.92 66.07 • Current Shareholding – Union Bank (26.02%)
Slide 68: 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 69: Investor queries
Please provide your valuable feedback@ icmt.unionbankofindia.co.in/investor _ feedback Investor queries: investor.relations@unionbankofindia.bank 68
Union Bank of India — FY2021-22 Earnings Presentation on 6ix