Union Bank Of India Financial results for the quarter ended June 30, 2015

-


Union Bank Of India Financial results for the quarter ended June 30, 2015

The Board of Directors of Union Bank of India approved 

the accounts of the Bank for the quarter ended June 30, 2015.

Global Business up 8.6% (y-o-y) to Rs. 582817 crore as on June 30, 2015 Savings deposit grew at 10.6% (y-o-y) while share of high cost deposits declined to 5.4% (Jun 2015) from 13.5% (Jun 2014).


Advances to productive sectors of economy, i.e. Retail, Agriculture, and MSMEs, which we together call as ‘RAM’ sectors, grew by 16.6% (y-o-y), now contributing nearly half of domestic loan book.  Non-interest Income for the quarter (Q1/FY16) up 13.3% (y-o-y) to Rs. 783 crore driven by 24.4% (y-o-y) growth in core fee income.

Operating expenses sequentially reduced by 12% from Q4/FY15. Net Profit for Q1/FY16 stood at Rs. 519 crore, up by 17.2% over Q4/ FY15. Return on average assets for Q1/FY16 increased to 0.55%, up by 8 bps over 0.47% in Q4/FY15. Return on Equity for Q1/FY16 also increased to 11.02% from 9.70% in Q4/FY15. Cost to income Ratio declined by 223 bps to 48.92% in Q1/FY16 from 51.15% in Capital Adequacy Ratio (Basel III) stood at 10.14% (excluding quarterly profit). Tier I CRAR is 7.46%, within which CET1 is 7.20%.


Liquidity Coverage Ratio of the Bank for the quarter ended June 30, 2015 was 116.10% against regulatory minimum of 60% reflecting comfortable liquidity. Global Business grew by 8.6% from Rs. 536824 crore as on June 30, 2014 to Rs. 582817 crore as on June 30, 2015. Global Deposits increased from Rs. 297420 crore as on June 30, 2014 to Rs. 327264 crore as on June 30, 2015, registering a growth of 10.0%. Domestic. Deposits increased by 9.8% from Rs. 293137 crore as on June 30, 2014 to Rs. 321963 crore as on June 30, 2015. CASA deposits grew by 6.9% to Rs. 92612 crore as on June 30, 2015 from Rs. 86637 crore in the previous year. CASA share in total deposits stands at 28.3%. Domestic CASA ratio stood at 28.7%. Savings bank deposits increased by 10.6%.

Comments

Post a Comment

Popular posts from this blog

Excellent Classes organises 34th edition of HUES, felicitates its meritorious students

-
Image
by Priya Jadhav  Mumbai, 2 nd  January 2024:   Excellent Classes,   a pioneer coaching institute in Mumbai   organised its 34 th   Annual Program called HUES - Honouring Unique & Excellent Students, where the institute rewarded the hard work and achievement of its students for the year 2023. Dr. Zaibunnisa Malik, an educationist and social activist working for the upliftment of underprivileged children graced the occasion as the Guest of Honour.     Briefing about HUES, Dr. Jamil Khan, Director of Excellent Classes  informed, “At HUES, we celebrate the performance of our students who performed exceptionally well in their Boards and Entrance exams like – ICSE, SSC, NEET, etc. The students have been working very hard for these exams and this is a way to celebrate and acknowledge their hard work.”  Students who were felicitated at the program are - Mahi Naik secured 95.6% in SSC and stood first in the institute. Asma Sayed secured 89.67% in HSC Science and also secured 99.27 percentil
Read more

KERALA TOURISM WOOS TOURISTS

-
Image
Kerala Tourism attracts more tourists with new initiatives! Explore God’s Own Canvas! by Priya Jadhav Mumbai, 07th February, 2017: Considering the uptick in inbound tourism from Mumbai, the Department of Tourism, Government of Kerala is organizing B2B Roadshows in Mumbai on 07th  February, 2017. The roadshow desires to attract city’s leading travel agents and tour operators, and showcase to them the best of ‘God’s own country’. The delegation from Kerala is led Mr Shine KS - Tourist Information Officer, Department of Tourism, Govt of Kerala and will comprise major players from the state’s Tourism & Trade industry. Besides forging fresh collaborations, the roadshow will introduce new initiatives, experiences and attractions that Kerala has in store for visitors. Kerala Tourism: The story so far… The Marketing Initiatives for the year 2016-17 were formulated and executed based on the keen understanding of the unique appeal that 'God's Own Countr
Read more

Imran Khan joins Ariel & Whirlpool's #ShareTheLoad Movement

-
Image
Ariel India and Whirlpool, celebrate  with historic 1.3 Million men pledging to #ShareTheLoad across the country! Imran Khan joins  #ShareTheLoad Movement along with 30 couples  to drive equality within the Indian household by Priya Jadhav Mumbai, 11 th May 2015: It’s time for a historic celebration for Ariel India and Whirlpool:  Imran Khan partnered with Ariel India and Whirlpool , to announce that over 1.3MM men have pledged to #ShareTheLoad , at a press conference here in Mumbai. Home to priceless and rare, documents and artifacts from Indian history, the Asiatic Library in Mumbai, played perfect setting for the launch of this historic announcement of change. 30 couples together with India’s leading faces pledged to #ShareTheLoad at the steps of the famous monument,,  committing to better equality and quality within the household. In response to a recently conducted survey by an independent third party agency on Indian Households which revealed th
Read more