Union Bank Of India Limited · NSE:UNIONBANK
Union Bank Of India — Q4 FY2021 Earnings Presentation
69 slides from Union Bank Of India's earnings presentation, Jun 7, 2021
Slide 1: Exchange filing cover letter for results presentation
Ref; 1SD/21-22/73 June 7, 2021 The Deputy General Manager, — ~ | The Deputy General Manager, Corporate Relationships Dept. Listing Dept. BSE Ltd. National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No.C/1, G Block Dalal Street, Bandra-Kurla Complex, Bandra (E), Mumb
Slide 2: Financial Results Q4FY21 / FY2020-21
Financial Results Q4FY21/ FY2020-21 7th June, 2021 Please follow us on: @unionbankofindia @UnionBank Tweets UnionBankInsta UnionBankofIndiaUtube UnionBankofIndia 1
Slide 3: Union Bank: Network & Group Entities
Union Bank: Network & Group Entities 9300+ Branches 12900+ ATMs 5 Subsidiaries Banking Union Bank of India (UK) Limited Union Asset Management Co Pvt Ltd Mutual Fund Union Trustee Co Pvt Ltd Sales & Broking UBI Services Ltd Financial Services Andhra Bank Financial Services Ltd 4 Joint Ventures Star
Slide 4: Union Bank: Sustained Improvement
Union Bank : Sustained Improvement Asset Quality PCR % 15.7 81.27 78.21 15.0 66.24 14.6 11.2 13.7 57.16 51.41 8.4 6.6 6.9 5.2 7.3 4.6 4.6 4.4 3.9 2.7 MAR-17 MAR-18 MAR-19 MAR-20 MAR-21 Deliquency Ratio % NNPA % GNPA % Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 CREDIT COST(%) CRAR (%) 4.39 12.56 3.58 3.15 12
Slide 5: Table of Contents
Table of Contents 1 Resilience during Covid -19 5-12 2 Business Performance 13-27 3 Financials 28-39 4 Asset Quality and Capital 40-47 5 Digital, EASE and ESG 48-54 6 Update on Amalgamation 55-58 7 Group Entities 59-66 Amalgamation of erstwhile Andhra Bank and erstwhile Corporation Bank with Union B
Slide 6: Resilience During Covid-19
Resilience During Covid -19
Slide 7: Performance vis-a-vis Guidance
Resilience during Covid -19 (1/7) Performance vis-a-vis Guidance FY 20-21 PARAMETER GUIDANCE ACTUAL Deposit Growth 4-6% 6.35% Advances Growth 4-6% -1.87%^ CASA(%) ~ 35% 36.33% NIM(%) ~ 2.8% 2.71% Net NPA(%) < 5% 4.62% Cost to Income Ratio 46-48% 46.54% PCR(%) ~ 85% 81.27% Credit Cost 2.5-3.0% 2.13%
Slide 8: Resilience during Covid-19 (2/7)
Resilience during Covid -19 (2/7) ₹ in crore Operating Profit Net Interest Income 19259 24688 18076 23654 Mar-20 Mar-21 Mar-20 Mar-21 Saving Bank Deposit CASA Deposit 335592 271968 296598 242109 Mar-20 Mar-21 Mar-20 Mar-21 7
Slide 9: Growth in Retail Loans
Resilience during Covid -19 (3/7) Growth in Retail Loans ₹ in crore Retail Loans Home Loans 66228 125427 62442 113520 Mar-20 Mar-21 Mar-20 Mar-21 Vehicle Loans 9456 7417 Mar-20 Mar-21 8
Slide 10: Resilience during Covid-19 (4/7)
Resilience during Covid -19 (4/7) Net NPA (%) Credit Cost (%) 5.22 4.62 3.15 2.13 Mar-20 Mar-21 Mar-20 Mar-21 Slippage PCR (%) 81.27 25147 78.21 17443 Mar-20 Mar-21 Mar-20 Mar-21 9
Slide 11: Cost Optimization
Resilience during Covid -19 (5/7) Cost Optimization Branches 9587 9312 Cost to Income Ratio Mar-20 Mar-21 48.95 46.54 ATMs 13311 12957 Mar-20 Mar-21 Mar-20 Mar-21 10
Slide 12: Resilience during Covid-19 (6/7)
Resilience during Covid -19 (6/7) POS Debit Card Debit Cards (Nos)# Machines# Transactions* ₹ XXXX xxxxX XXX 2nd Highest among PSBs 2nd Highest among PSBs 4th Highest among PSBs 3.10 Lakh Machines 7% Market Share 4.41 Crore Cards 6.64% Market Share 4.92% Market Share * Transactions for ATMs & POS St
Slide 13: Resilience during Covid-19 (7/7)
Resilience during Covid -19 (7/7) Helping customers to tide over the liquidity crisis through various schemes (as on 31.03.2021) ₹ in crore PM SVANidhi 2nd in 1 No of Loans - 259652 Industry Amount Sanctioned - 259 Union COVID -19 Personal Loan Scheme (UCPLS) 2 No of Loans - 80536 Amount Sanctioned
Slide 14: Business Performance
Business Performance
Slide 15: Performance Highlights – Q4FY21
Performance Highlights – Q4FY21 2.78% 218 Total Business 6.35% YOY Total Deposit YOY CASA bps YOY 511 241 RAM Share bps Net Interest 4.37% Cost to Income bps YOY Income YOY Ratio YOY 102 85 60 Credit Cost bps GNPA bps NNPA bps YOY YOY YOY Operating Profit Net Profit ₹ 19259 crores ₹ 2906 crores (6.5
Slide 16: Business Performance - Liabilities
Business Performance - Liabilities ₹ in crore Total Deposits 868632 886098 882423 923805 6.35% YoY 2178 3649 2473 3011 6.55% 921627 YOY 864983 883625 879412 Domestic Deposits Mar-20 Sep-20 Dec-20 Mar-21 Overseas Deposits Domestic Deposits CASA Portfolio CASA + Retail TD as % of Total Domestic Deposi
Slide 17: Business Performance - Assets
Business Performance - Assets ₹ in crore Gross Advances 666117 651062 651973 653684 1.87% YOY 20696 18292 16748 16012 1.20% 645421 YOY 632770 635225 637672 Domestic Advances Mar-20 Sep-20 Dec-20 Mar-21 Domestic Advances Overseas Advances Average Advances YoY growth of 3.11% Dom Advance and CP & Corp
Slide 18: Business Performance - Assets
Business Performance - Assets Retail ₹ in crore Composition of Gross Advance Mar-21 10.49 % YOY 125427 120386 19% 117230 113520 42% 19% 20% Mar-20 Sep-20 Dec-20 Mar-21 Corporate& Retail Agriculture MSME others 11.89% Agriculture YOY MSME 3.24% 120124 YOY 115373 125504 110467 121442 122274 107358 118
Slide 19: Diversified Loan Portfolio - RAM
Diversified Loan Portfolio - RAM Composition of Retail Advance (%) as on Mar-2021 RAM Advance in Domestic Advances 20% 4% 9% 53% 57.68% 56.87% 8% 55.18% 6% 52.57% Home Loans Vehicle Loans Education Loans Mortgage Loans Personal Loans Others Achievement under Priority Sector as on Mar-2021 RBI Achiev
Slide 20: Progress under Mudra Loans
Progress under Mudra Loans Total outstanding under Mudra loan: Rs.18,832 crores. ₹ in crore Progress under Mudra Yojana (PMMY) FY-2020-21 As on 31st March 2021 No. of Sanctioned Outstanding No. of Outstanding Category Accounts Amount Amount Accounts Amount Shishu (< 50k) 550323 835 580 1284344 1126
Slide 21: Diversified Loan Portfolio - Industry Exposure
Diversified Loan Portfolio-Industry Exposure ₹ in crore (% Share in Domestic Advance) Dec-20 Mar-21 S No. Sectors Rs. in Crore % Share Rs. in Crore % Share 1 Infrastructure 102289 16.10 103325 16.20 2 NBFCs and HFCs 67424 10.61 72015 11.29 w/w HFCs 18985 2.99 21797 3.42 Basic Metal & 4 21794 3.43 16
Slide 22: 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 7 11 7 Mar-20 Dec-20 Mar-21 54 61 58 AAA 46.89 48.12 50.11 11 AA 39.38 35.13 34.77 12 9 22 28 20 A 12.02 15.29 13.70 Mar-20 Dec-20 Mar-21 BBB 1.56 1.29 1.
Slide 23: Credit Rating Matrix & CIBIL Rating Profile
Credit Rating Matrix & CIBIL Rating Profile Post Centralization of Credit underwriting- Improved Rating Profile Rating Matrix of outstanding Rating Matrix for Retail CIBIL Rating Profile Corporate loans (>5 crore) fresh Sanctions (> 25 Crore) 3 16 17 17 15 26 24 14 5 21 59 9 15 28 24 80 71 58 62 23
Slide 24: Investments
Investments ₹ in crore % of SLR and Non SLR in Domestic investment 286685 330657 331551 337739 29.5 29.1 28.7 28.5 70.5 70.9 71.3 71.5 Mar-20 Sep-20 Dec-20 Mar-21 SLR NON SLR Global Investment Particulars (Domestic) Mar-20 Dec-20 Mar-21 Mar-20 Dec-20 Mar-21 ₹ in crore Duration (Years) Available for
Slide 25: Investments
Investments ₹ in crore Composition of Domestic Investment Growth % Category Mar-20 Sep-20 Dec-20 Mar-21 Y-o-Y Q-o-Q SLR Investment 200763 233196 235126 240298 20 2 Non-SLR Investment 84006 95937 94550 95885 14 1 Commercial Paper 6144 6080 6005 6715 9 12 Certificate of Deposits 5349 2353 1901 288
Slide 26: Overseas Operations
Overseas Operations Business from Overseas Branches Overseas Branches US $ in billion Mar* Dec^ Mar^^ (₹ in crore) 2020 2020 2021 1.DIFC , Dubai 3.21 2.70 2.48 Total Business (24260) (19759) (18190) 0.48 0.41 0.29 2.Hong Kong Total Deposits (3635) (3011) (2178) 2.73 2.29 2.19 Total Advances (20625)
Slide 27: Financial Inclusion
Financial Inclusion Balance in PMJDY Acc(₹ in crore) Total PMJDY Accounts (No. in Lakhs) 6465 5764 5837 205 217 5049 200 174 Mar-20 Sep-20 Dec-20 Mar-21 Mar-20 Sep-20 Dec-20 Mar-21 Financial inclusion Acc- Fresh enrolments (No. in Lakhs) Terminal Figures (₹ in Lakh) Scheme Mar-20 Mar-21 PMJJBY 32.82
Slide 28: Statement of Assets & Liabilities-Standalone
Statement of Assets & Liabilities-Standalone ₹ in crore As at As at As at As at Particulars 31.03.20* 30.09.20 31.12.20 31.03.21 LIABILITIES Capital 3423 6407 6407 6407 Reserves and surplus 30363 55941 57610 58070 Share application 0 0 0 0 Deposits 450668 886098 882423 923805 Borrowings 52486 53806
Slide 29: Financials
Financials
Slide 30: Cost & Yield Ratio
Cost & Yield Ratio Parameters Mar-20 (Q4) Dec-20 (Q3) Mar-21 (Q4) FY 2020 FY 2021 Domestic Global Domestic Global Domestic Global Domestic Global Domestic Global Cost of Deposit 5.45 5.44 4.56 4.55 4.27 4.27 5.59 5.58 4.67 4.66 Cost of Funds 4.70 4.65 4.12 4.06 3.70 3.74 4.87 4.84 4.12 4.06 Yield on
Slide 31: Cost & Yield Ratio- Global (Quarterly)
Cost & Yield Ratio- Global (Quarterly) Cost of Funds Yield on Advances Cost of Deposit 4.65 8.09 5.44 4.22 7.45 4.06 7.25 4.82 4.55 3.74 4.27 6.24 Mar-20 Sep-20 Dec-20 Mar-21 Mar-20 Sep-20 Dec-20 Mar-21 Mar-20 Sep-20 Dec-20 Mar-21 (Q4) (Q2) (Q3) (Q4) (Q4) (Q2) (Q3) (Q4) (Q4) (Q2) (Q3) (Q4) Yield on
Slide 32: Movement of NIM
Movement of NIM* NIM Quarterly 2.95 2.98 2.94 2.89 2.83 2.78 2.40 2.38 Mar-20 Sep-20 Dec-20 Mar-21 Domestic Global NIM Yearly 3.03 2.97 2.71 2.75 FY20 FY21 Domestic Global *NIM is calculated on AEA -Net Basis 31
Slide 33: Net Interest Income
Net Interest Income ₹ in crore Quarterly 9.46% YOY 5967 6293 6590 5403 Mar-20 Sep-20 Dec-20 Mar-21 4.37% Yearly YOY 24688 23654 FY20 FY21 32
Slide 34: Operating Performances
Operating Performances ₹ in crore Mar-20 Sep-20 Dec-20 Mar-21 Growth Growth Growth Parameters FY20 FY21 (Q4) (Q2) (Q3) (Q4) (%) YoY (%) QoQ (%) 1. Interest on Advances 12651 11880 11452 9970 -21.19 -12.94 51027 45766 -10.31 2. Interest on Investments 4879 5266 5161 4911 0.66 -4.84 19411 20574 5.99 3
Slide 35: Non Interest Income
Non Interest Income ₹ in crore Growth Growth Mar-20 Sep-20 Dec-20 Mar-21 Growth Parameters (%) (%) FY20 FY21 (Q4) (Q2) (Q3) (Q4) (%) YoY QoQ 1. Core Fee Based Income 1557 980 1321 1522 -2.25 15.22 5455 4579 -16.06 w/w a. Processing charges 339 172 286 309 -8.81 7.90 912 903 -1.00 on Advances b. Comm
Slide 36: Operating Profit
Operating Profit ₹ in crore Quarterly 5311 5180 4735 40.38% YoY 3690 Mar-20 Sep-20 Dec-20 Mar-21 Yearly 6.54% 19259 YoY 18076 FY20 FY21 35
Slide 37: Provisions
Provisions ₹ in crore Mar-20 Sep-20 Dec-20 Mar-21 Parameters FY20 FY21 (Q4) (Q2) (Q3) (Q4) NPAs 8527 3721 3036 4712 20550 13920 Standard Assets 560 51 2227 -1443 976 1246 Depreciation on Investment 285 81 22 539 654 435 Shifting Loss 0 0 0 0 165 124 Restructured Advances -40 -5 -54 50 -50 82 FITL (S
Slide 38: Net Profit
Net Profit ₹ in crore Quarterly 1330 727 517 Mar-20 Sep-20 Dec-20 Mar-21 -7157 Yearly 2906 FY20 FY21 -6613 37
Slide 39: Efficiency/Profitability Ratios
Efficiency/Profitability Ratios Return on Average Assets Cost to Income Ratio 61.82 0.49 47.96 48.95 44.95 44.71 46.54 0.28 0.27 0.19 Mar-20 Sep-20 Dec-20 Mar-21 FY20 FY21 -2.71 -0.65 Mar-20 Sep-20 Dec-20 Mar-21 FY20 FY21 Mar-20 Sep-20 Dec-20 Mar-21 S. No. Efficiency Parameters FY 2020 FY 2021 (Q4)
Slide 40: Efficiency Ratios
Efficiency Ratios ₹ in crore Mar-20 Sep-20 Dec-20 Mar-21 Profitability Parameters FY 20 FY 21 (Q4) (Q2) (Q3) (Q4) Business per Branch 160.04 160.29 160.00 169.35 160.04 169.35 Business per employee 20.41 20.44 19.41 20.17 20.41 20.17 Gross Profit per Branch 1.54 1.97 2.21 2.22 1.88 2.07 Gross Profit
Slide 41: Asset Quality & Capital
Asset Quality & Capital
Slide 42: OTR & COVID Related Provisions as on 31.03.2021
OTR & COVID Related Provisions as on 31.03.2021 ₹ in crore Resolution Framework 1.0 Implemented Corporate Loans Category (31.03.2021) Implemented (31.03.2021) 1145 MSME (Up to Rs.25 cr) 1970 Personal Loans 3391 Invoked/Estimated Implementation 3665 Total 5361 % to Gross Particulars Advances One Time
Slide 43: Asset Quality: Movement in Non Performing Assets
Asset Quality: Movement in Non Performing Assets ₹ in crore Parameters Mar-20 Sep-20 Dec-20 Mar-21 FY20 FY21 (Q4) (Q2) (Q3) (Q4) Gross NPAs - Opening 100432 97190 95797 87968 98427 97193 Add : Additions 3751 673 332 14688 25147 17443 Less : Reductions 6991 2066 8160 12869 26381 24849 1. Recoveries 1
Slide 44: Asset Quality: Sectoral
Asset Quality: Sectoral ₹ in crore Slippages Slippages O/s NPA Sectoral NPA % Sectors During During as on Q4 FY 21 FY 20-21 Mar 2021 Mar-20 Dec-20 Mar-21 Retail Loans 1666 2003 5604 3.68 3.04 4.46 Agriculture 3735 3970 14493 11.14 8.71 12.07 MSME 5014 5759 24944 17.85 17.46 20.40 Large Corporate & 4
Slide 45: Status of NCLT Accounts
Status of NCLT Accounts No. of Outstanding Particulars Accounts (Rs. In Crs) RBI List 1 O/s RBI List 2 O/s Others- Total ₹ 5903 Cr ₹ 8022 Cr Admitted Total Accounts admitted by 518 84483 ₹ 58526 Cr ₹ 44601 Cr (456 A/c) NCLT (7 A/c) (16 A/c) (433 A/c) w/w Accounts where Resolution 120 38615 plan appr
Slide 46: Basel III : Capital Adequacy
Basel III : Capital Adequacy ₹ in crore 01.04.2020 Dec-20 Mar-21 Capital Adequacy Ratio Parameter 12.01 12.98 12.56 Amt. % to RWA Amt. % to RWA Amt. % to RWA 2.51 2.21 2.27 1 Tier I 53036 9.74 55904 10.47 57091 10.35 1.25 1.29 1.14 Common Equity I 46836 8.60 49204 9.22 50001 9.07 8.60 9.22 9.07 Addi
Slide 47: Basel III : Ratings & Capital Raising
Basel III : Ratings & Capital Raising Basel III Rating Agency Capital raised during FY 2020-21 Tier I Tier II AA-/ Stable AA+/ Stable CRISIL Ratings AA-/ Negative AA+/ Negative Basel III complaint Additional Tier CARE Ratings I Bonds for ₹ 1705 crores. AA/ Negative AA+/ Stable Brickwork Ratings Indi
Slide 48: Shareholding Pattern
Shareholding Pattern As on Particulars As on 25.05.21 31.03.21 Share holding Pattern (%) as on 25.05.2021 Share Capital ₹ 6,407 crore ₹ 6,835 crore No. of Equity 640.68 crore 683.47 crore Shares 2.6 5.6 8.3 Promoters 89.07% 83.49% Holding (%) Market Cap ₹ 21,815 crore* ₹ 23,922 crore 83.5 Net worth
Slide 49: Digital, EASE & ESG
Digital, EASE & ESG
Slide 50: Digital Footprints
Digital Footprints (No. in Lakhs) Debit Card users Mobile Banking Users 441.5 121.9 437.0 436.1 106.3 427.0 423.0 93.4 87.7 82.3 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Net Banking Users (Retail) Alternate Channels Txn % 63.8 63.0 79.1 78.2 61.1 59.7 74.9 74.4 58.9 71.6
Slide 51: Expanding Digital Footprints
Expanding Digital Footprints MSME STP up to 5 Crore Pre-Approved Personal Loan (STP) MSME Straight Through Process No of Accounts - 207 No of Accounts - 2934 Sanctioned Amount – ₹ 7.40 Crore Sanctioned Amount –₹ 2818 Crore Shishu Mudra (STP) Union Dial (Lead Generation) No of Leads Generated - 32446
Slide 52: TReDS & PSB59
TReDS & PSB59 Key Highlights of performance in TReDS Key Highlights of performance under psbloansin59minutes.com (as on 31.03.2021) (as on 31.03.2021) Number - 21642 No. of Applications 32800 Bills discounted Amount – ₹ 2750 cr Sanctioned ₹ 5376 cr Interest income earned – ₹ 51 cr Disbursed ₹ 4744 c
Slide 53: EASE 3.0 : Q3 FY21
EASE 3.0 : Q3 FY 21 Enhanced Access & Service Excellence Theme wise Ranking among Top PSBs Overall performance Theme 1: Smart Lending for Aspiring India 3rd Rank 3rd Rank Theme2: Tech-enabled 2nd Rank ease of Banking Progress: Q4FY20 to 38% Q3FY21 Theme4: Tech-enabled 3rd Rank ease of Banking Highes
Slide 54: EASE 3.0 : Q3 FY21
Bora de (W)) Union Bank of India Q4FY20 EASE 3.0 : Q3 FY 21 Progress under EASE 3.0 QIFY21 Q2FY21 mmm Score ———Rank 73.5 Q3FY21 11 13 53
Slide 55: Sustainability Imperative: Environment, Social & Governance (ESG)
Sustainability Imperative: Environment, Social & Governance (ESG) IDP Program: Enabling e-learning Individual Development Plan, a crucial part of Leadership U- Learn – Dedicated training portal is created to meet all Development Programme the learning and development needs of the staff members d
Slide 56: Update on Amalgamation
Update on Amalgamation
Slide 57: Organization Structure
Organization Structure Field General Corporate Regional Branches Staff strength Manager’s Office Offices (125) (9300+) (78000+) Office (18) No. of Units No. of Units Particulars Sectors covered (Mar-20) (Mar-21) ULP 75 129 Retail (Housing and Mortgage Loan) USK 62 62 Retail, Agriculture and MSME SAR
Slide 58: Rationalization Initiative
Rationalization Initiative Aspiration* Progress Branch 492 Identified & Approved 350 Branches rationalization 340 Collocation commenced ATM Off Site: 158 rationalization 300+ ATMs On Site: 159 Admin Offices 11 Offices 3 FGMOs & 8 ROs rationalization CPCs: 36 Other Structures Service Branches: 17 rat
Slide 59: Completion Status
Completion Status Integration of CBS Systems of eCB and eAB completed in record time All eAB & eCB branches are successfully migrated Customers have common Mobile Banking and Net Banking ATMs, Credit Cards are operating from single platform Payment Systems integration is completed 58
Slide 60: Group Entities
Group Entities
Slide 61: Union Bank of India – Group Entities
Union Bank of India – Group Entities Union Bank of India Star Union Dai-ichi (UK) Limited Life Insurance Co Ltd Union Asset India First Life Management Co P Ltd Insurance Union Bank UBI Services Ltd ASREC India Limited of India Andhra Bank India International Financial Services Ltd Bank (Malaysia) B
Slide 62: Statement of Assets & Liabilities - Consolidated
Statement of Assets & Liabilities - Consolidated ₹ in crore Particulars As at 31.03.20 As at 31.03.21 LIABILITIES Capital 3423 6407 Preference Share Capital Issued by Subsidiary Company 104 104 Reserves and surplus 30463 58227 Share application - - Deposits 452436 925654 Borrowings 52714 51922 Other
Slide 63: Performance of Group Entities
Performance of Group Entities ₹ in crore Subsidiaries Union Bank of India (UK) Limited Bank’s Particulars FY20 FY21 Shareholding • Wholly owned subsidiary operating in UK Total Income 159 112 • Equity Investment – Rs. 1,095 crores * Net Profit/ (Loss) (160) (80) 100% Total Assets 3301 3312 Capital &
Slide 64: Performance of Group Entities
Performance of Group Entities ₹ in crore Subsidiaries UBI Services Ltd. (formerly Corp Bank Bank’s Securities Limited) Particulars FY20 FY21 Shareholding Sales and Marketing of Retail Banking Total Income 8.73 3.58 Products Engaged in Institutional Equity broking Net Profit/ (Loss) 3.21 1.57 (co
Slide 65: Performance of Group Entities
Performance of Group Entities ₹ in crore Subsidiaries Union Trustee Co. Pvt. Limited Bank’s Particulars FY20 FY21 Shareholding • Wholly owned subsidiary Total Income 0.20 0.20 • Equity Investment –Rs. 0.05 crore Net Profit/ (Loss) (0.01) (0.04) 100% Total Assets 0.12 0.08 • Act as a trustee company
Slide 66: Performance of Group Entities
Performance of Group Entities ₹ in crore Joint Venture India First Life Insurance (IFLIC) Bank’s Particulars FY20 FY21 Shareholding • IFLIC incorporated in June 2008 . Total Income 3360.44 4055.50 • Current Shareholding - Bank of Baroda, Union Bank and Carmel Point Investment India Pvt Ltd Net Profi
Slide 67: Performance of Group Entities
Performance of Group Entities ₹ in crore Joint Venture India International Bank (Malaysia) BHD Bank’s Particulars FY20 FY21 Shareholding • India International Bank Malaysia, Berhad (IIBMB) located at Kuala Lumpur was Total Income 38.62 25.64 incorporated on 13.08.2010 as a JV of E- Net Profit/ (Loss
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.com 68
Union Bank of India — Q4 FY2021 Earnings Presentation on 6ix