Union Bank of India Ltd

Union Bank of India announced that A. Manimekhalai, Managing Director & Chief Executive Officer has completed her tenure on 02 June 2025 and consequently ceased to be the Director of the Bank w.e.f. 03 June 2025. Powered by Capital Market - Live

On a quarter-on-quarter (QoQ) basis, standalone net profit increased 8.28%, while total income grew 5.99% in Q4 FY25 over Q3 FY25. Net interest income (NII) rose 2.96% QoQ to Rs 9,514 crore in Q4 FY25, compared to Rs 9,240 crore in Q3 FY25. However, net interest margin (NIM) slightly declined to 2.87% from 2.91% in the previous quarter. Operating profit improved 2.78% QoQ to ₹7,700 crore in Q4 FY25 from Rs 7,492 crore in Q3 FY25. Total provisions stood at Rs 2,715 crore in Q4 FY25, down 5.99% QoQ. Gross non-performing assets (GNPA) stood at ₹35,350 crore as of 31 March 2025, down from ₹43,098 crore a year earlier. The gross NPA ratio reduced by 116 basis points (bps) YoY to 3.60%, while the net NPA ratio declined by 40 bps YoY to 0.63%. Total business grew 7.82% YoY, with gross advances rising 8.62% and total deposits increasing 7.22%. As of 31 March 2025, total business reached Rs 22,92,644 crore. Return on assets (ROA) improved to 1.35% in Q4 FY25, up from 0.97% in Q4 FY24. Return on equity (ROE) increased to 19.07% in Q4 FY25. The capital to risk-weighted assets ratio (CRAR) improved to 18.02% as of 31 March 2025, from 16.97% a year earlier. The common equity Tier 1 (CET1) ratio also rose to 14.98% from 13.65% over the same period. The bank's RAM (Retail, Agriculture, and MSME) segment grew 10.17% YoY. Within this, retail advances surged 22.14%, agricultural advances rose 12.50%, and MSME advances also posted growth. RAM advances comprised 56.20% of total domestic advances. Meanwhile, the board has recommended a dividend of Rs 4.75 per equity share of Rs 10 each for the financial year 2024'25. The payment of the dividend is subject to necessary statutory approvals and approval by the shareholders at the upcoming 23rd Annual General Meeting (AGM). Union Bank of India is engaged in the business of treasury operations, corporate and wholesale banking, retail banking operations, and other banking operations. The Government of India held a 74.76% stake in the bank. As of 31 March 2025.Powered by Capital Market - Live

Union Bank of India announced that the Board of Directors of the Company at its meeting held on 8 May 2025, inter alia, have recommended the final dividend of Rs 4.75 per equity Share (i.e. 47.5%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Union Bank of India rose 50.57% to Rs 5011.22 crore in the quarter ended March 2025 as against Rs 3328.27 crore during the previous quarter ended March 2024. Total Operating Income rose 5.13% to Rs 27869.00 crore in the quarter ended March 2025 as against Rs 26509.87 crore during the previous quarter ended March 2024. For the full year,net profit rose 30.66% to Rs 18026.96 crore in the year ended March 2025 as against Rs 13797.11 crore during the previous year ended March 2024. Total Operating Income rose 8.01% to Rs 108417.27 crore in the year ended March 2025 as against Rs 100375.56 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Total Operating Income27869.0026509.87 5 108417.27100375.56 8 OPM %65.2964.68 -66.9666.81 - PBDT6174.765281.20 17 23423.8821508.22 9 PBT6174.765281.20 17 23423.8821508.22 9 NP5011.223328.27 51 18026.9613797.11 31 Powered by Capital Market - Live

Union Bank of India will hold a meeting of the Board of Directors of the Company on 8 May 2025.Powered by Capital Market - Live

Sequentially, domestic advances rose 3.62% in Q4 FY25 from Rs 9,12,927 crore in Q3 FY25. The bank recorded a 6.05% growth in domestic deposits to Rs 12,71,751 crore as of 31 March 2025, compared to Rs 11,99,197 crore as of 31 March 2024, and a 7.54% increase from Rs 11,82,622 crore as of 31 December 2024. Domestic CASA deposits stood at Rs 4,26,242 crore during the quarter, registering a growth of 3.94% year-on-year (YoY) and 7.84% quarter-on-quarter (QoQ). The bank's total global business as of 31 March 2025 stood at Rs 22,92,625 crore, up 7.82% YoY and 5.86% QoQ. Global gross advances gained 8.62% YoY and 3.55% QoQ to Rs 9,82,875 crore as of 31 March 2025. Global deposits stood at Rs 13,09,750 crore during the period under review, up 7.22% YoY and 7.66% QoQ. Union Bank of India is engaged in the business of treasury operations, corporate and wholesale banking, retail banking operations, and other banking operations. The Government of India held a 74.76% stake in the bank. The bank's standalone net profit jumped 28.23% to Rs 4,603.63 crore on a 7.67% increase in total income to Rs 31,374.5 crore in Q3 FY25 over Q3 FY24. Shares of Union Bank of India declined 3.81% to Rs 126.35 on the BSE.Powered by Capital Market - Live

Union Bank of India rose for a third straight session today. The stock is quoting at Rs 116.6, up 1.46% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.16% on the day, quoting at 22896.3. The Sensex is at 75716.6, down 0.29%. Union Bank of India has added around 6.45% in last one month. Meanwhile, Nifty PSU Bank index of which Union Bank of India is a constituent, has added around 4.44% in last one month and is currently quoting at 5950.9, up 1.29% on the day. The volume in the stock stood at 80.17 lakh shares today, compared to the daily average of 124.43 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 116.56, up 1.47% on the day. Union Bank of India is down 19.64% in last one year as compared to a 3.81% gain in NIFTY and a 15.62% gain in the Nifty PSU Bank index.The PE of the stock is 5.38 based on TTM earnings ending December 24.Powered by Capital Market - Live

Net interest income (NII) of the bank increased marginally to Rs 9,240 crore in Q3 FY25 as against Rs 9,168 crore in Q3 FY24. Net interest margin (NIM) for Q3 FY25 was 2.91% as against 3.09% in Q3 FY24. Operating profit improved by 2.94% to Rs 7,492 crore in Q3 FY25 from Rs 7,278 crore in Q3 FY24. Total provisions stood at Rs 2,888 crore in Q2 FY25, down 21.69% YoY. Gross NPA of the bank amounted to Rs 36,554 crore as on 31 December 2024 as against Rs 43,262 crore as on 31 December 2023. The bank's gross NPA ratio improved by 98 bps on a YoY basis to 3.85%, and the net NPA ratio improved by 26 bps on a YoY basis to 0.82% as on December 31, 2024. The total business of the bank increased by 4.70% year-on-year, with gross advances grew by 5.94% and total deposits up by 3.76%. As of 31 December 2024, the bank's total business stood at Rs 21,65,726 crore. The bank's return on assets (ROA) improved by 23 basis points year-on-year to 1.30%, while the return on equity (ROE) increased by 50 basis points year-on-year to 17.75% during Q3 FY25. The capital to risk weighted assets ratio (CRAR) improved from 15.03% as of 31 December 2023 to 16.72% as of 31 December 2024. Additionally, the common equity Tier 1 (CET1) ratio increased from 11.71% as of 31 December 2023 to 13.59% as of 31 December 2024. The RAM (Retail, Agriculture, and MSME) segment of the bank grew by 9.26% year-on-year, with retail grew by 16.36%, agriculture by 4.34%, and MSME by 6.34%. RAM advances as a percentage of domestic advances stood at 56.69%. Union Bank of India is engaged in the business of treasury operations, corporate and wholesale banking, retail banking operations, and other banking operations. The Government of India held a 74.76% stake in the bank. As of 31 December 2024, the bank has 8,574 branches, including foreign branches, and 9,087 ATMs. Powered by Capital Market - Live

Net profit of Union Bank of India rose 27.52% to Rs 4623.03 crore in the quarter ended December 2024 as against Rs 3625.39 crore during the previous quarter ended December 2023. Total Operating Income rose 6.32% to Rs 27134.77 crore in the quarter ended December 2024 as against Rs 25520.92 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Total Operating Income27134.7725520.92 6 OPM %70.1668.61 - PBDT5888.745554.33 6 PBT5888.745554.33 6 NP4623.033625.39 28 Powered by Capital Market - Live

Union Bank of India will hold a meeting of the Board of Directors of the Company on 27 January 2025.Powered by Capital Market - Live