Union Bank of India
About
Union Bank of India is one of the leading public sector banks of the country, established on November 11, 1919. The Bank is a listed entity, and the Government of India holds 74.76 percent in Bank's total paid-up capital. With its headquarters in Mumbai, the bank owes its inception to the visionary leadership of Seth Sitaram Poddar. The Bank's Head Office in Mumbai was inaugurated by Mahatma Gandhi, the Father of the Nation, in 1921. In August 2019, the Government of India selected Union Bank of India as the Anchor Bank for the amalgamation of Andhra Bank and Corporation Bank into Union Bank of India. This historic amalgamation became effective on April 1, 2020 . Union Bank proudly holds the distinction of being the first public sector bank to achieve 100% computerization of its branches.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 118188 21.8% | 97079 18.7% | 81754 -2.2% | 83618 93.3% | 43268 9.9% | 39355 2.5% | 38414 0.4% | 38247 5.5% | 36250 0.4% | 36121 11.0% | 32534 16.0% | 28037 19.5% | 23469 26.9% | 18501 21.1% | 15277 13.9% | 13411 - |
| Net Operating Income (INR Cr) | 100376 23.67% | 81163 18.96% | 68230 -1.56% | 69311 84.93% | 37479 9.23% | 34314 4.13% | 32952 0.41% | 32817 1.55% | 32316 0.47% | 32164 9.43% | 29394 16.79% | 25169 18.99% | 21152 28.50% | 16461 23.74% | 13303 11.89% | 11889 - |
| Profit (INR Cr) | 13797 62.1% | 8512 61.7% | 5265 83.9% | 2863 - | -3121 - | -2922 - | -5212 - | 573 -57.8% | 1356 -23.0% | 1761 5.0% | 1676 -22.3% | 2157 21.7% | 1772 -19.8% | 2208 6.4% | 2075 20.2% | 1727 - |
| Assets (INR Cr) | 1404784 8.7% | 1291949 7.9% | 1196965 10.3% | 1085652 94.6% | 557798 11.3% | 501094 1.5% | 493818 8.1% | 456657 11.7% | 408983 6.6% | 383569 7.8% | 355869 13.7% | 312912 18.8% | 263379 11.2% | 236930 21.2% | 195509 21.2% | 161338 - |
| Net Worth (INR Cr) | 91953 26.5% | 72671 9.9% | 66104 10.5% | 59839 94.2% | 30815 25.3% | 24601 7.4% | 22910 5.9% | 21637 5.7% | 20467 10.8% | 18474 7.6% | 17175 8.5% | 15823 20.5% | 13134 16.8% | 11248 0.0% | 8808 24.9% | 7054 25.5% |
| Employee Cost (INR Cr) | 14593 16.5% | 12524 22.0% | 10264 8.1% | 9491 174.0% | 3464 7.0% | 3237 0.2% | 3232 -7.9% | 3509 -6.9% | 3768 -2.0% | 3845 14.9% | 3348 19.8% | 2794 11.9% | 2497 -4.1% | 2604 92.3% | 1355 17.6% | 1152 - |
| Interest Cost (INR Cr) | 63364 | 48033 | 40178 | 44112 | 25837 | 23896 | 23471 | 23776 | 23894 | 23640 | 21467 | 17575 | 14230 | 10234 | 9110 | 8076 |
| Cash & Bank Balance (INR Cr) | 119646 | 112599 | 119758 | 84763 | 55249 | 43163 | 49480 | 32906 | 29617 | 22603 | 23321 | 16211 | 15704 | 20133 | 15777 | 15985 |
| Total Debt (INR Cr) | 1251568 | 1163059 | 1085613 | 977576 | 505150 | 460780 | 455969 | 418420 | 374754 | 352618 | 326967 | 287478 | 240686 | 215716 | 179255 | 147478 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 11.7% | 8.8% | 6.4% | 3.4% | - | - | - | 1.5% | 3.7% | 4.9% | 5.2% | 7.7% | 7.6% | 11.9% | 13.6% | 12.9% |
| Profit As % Of Assets | 1.0% | 0.7% | 0.4% | 0.3% | - | - | - | 0.1% | 0.3% | 0.5% | 0.5% | 0.7% | 0.7% | 0.9% | 1.1% | 1.1% |
| Profit As % Of Networth | 15.0% | 11.7% | 8.0% | 4.8% | - | - | - | 2.7% | 6.6% | 9.5% | 9.8% | 13.6% | 13.5% | 19.6% | 23.6% | 24.5% |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| RONW | 16.7% | 12.2% | 8.3% | 6.2% | - | - | - | 2.7% | 6.9% | 9.8% | 10.1% | 14.6% | 14.3% | 18.3% | 26.2% | 27.2% |
| ROCE | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |