Union Bank of India is one of the largest government-owned banks of India. The bank was established on 11 November 1919.

For FY 2015, Union Bank’s net interest margins stood at 2.58 % (2.64 % for FY 2014).

Total deposits with the bank stood at Rs. 3,12,230 Cr. as compared to Rs. 2,92,812 Cr. growing by 6.6 % over the previous year.For the same period, net NPA’s stood at 2.71 % (2.95 % for FY 2014).

As of March 31, 2015, Union Bank’s CASA share in total deposits was at 29.20 %

Fundamental Analysis report-

Consolidated (Rs. Cr)

Particulars FY 2011 FY 2012 FY 2013 FY 2014 FY 2015
Interest earned 16,460.94 21,152.48 25,168.53 29,393.53 32,083.96
Interest expended 10,234.31 14,229.73 17,575.38 21,466.72 23,640.06
Net Interest Income 6,226.63 6,922.75 7,593.15 7,926.81 8,443.90
Other income 2,039.72 2,316.31 2,868.04 3,140.73 3,523.00
Operating expenses 3,974.28 4,016.27 4,905.47 5,876.08 6,143.43
Operating Profit 4,292.07 5,222.79 5,555.72 5,191.46 5,823.47
Provisions (other than provisions for tax) and contingencies
1,349.59 2,541.42 2,518.21 3,149.26 3,040.09
PBT 2,942.48 2,681.37 3,037.51 2,042.20 2,783.38
Tax 873.45 925.62 906.36 372.64 1,001.74
PAT (before Minority Interest and share of Associates)
2,069.03 1,755.75 2,131.15 1,669.56 1,781.64
Profit/ (loss) attributable to Minority Interest – – – – –
Share of profit / (loss) of Associates – – – – –
Consolidated Profit / (Loss) for the year
2,069.03 1,755.75 2,131.15 1,669.56 1,781.64

Profitability Analysis

Consolidated (%)
Particulars FY 2011 FY 2012 FY 2013 FY 2014 FY 2015
Net Profit Margin Ratio 11.18 7.48 7.6 5.13 5
Cost to Net Income Ratio 48.08 43.47 46.89 53.09 51.34
Other Income to Net Income Ratio 24.67 25.07 27.42 28.38 29.44