Date 11.09.2024
Union Bank Of India
Timeframe : Weekly

For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. Union Bank Of India has earned Rs 99,777.96 Cr. revenue in the latest financial year. Union Bank Of India has posted decent revenue growth of 13.21 % in last 3 Years.

In terms of advances, Union Bank Of India reported 14.30 % YOY, rise . If you see 3 years advance growth, it stands at 13.79 %.

Currently, Union Bank Of India has a CASA ratio of 33.58 %. It’s overall cost of liability stands at 5.06 %. Also, the total deposits from these accounts stood at Rs 12,21,528.37 Cr.

Union Bank Of India has a average ROA track record. The ROA of Union Bank Of India is at 1.02 %.

The Lender is efficiently managing it’s overall asset portfolio. The Gross NPA and Net NPA of Union Bank Of India stood at 4.76 % and 1.03 % respectively as on the latest financial year.

One other important measure of banks’ financial health is provisioning coverage ratio. The YoY change in provision and contingencies is negative at -49.13 % which means it has decreased from the previous year.

Non-Interest income or other incomes are very important for banks as it gives a regular source of income for bank with no additional risk. Other income of Union Bank Of India surged and is currently at Rs 16,080.19 Cr.

Union Bank Of India has a Good Capital Adequacy Ratio of 16.97 .

The best metric which provides insights about bank’s valuation is P/B ratio. Currently Union Bank Of India is trading at a P/B of 0.97 . The historical average PB was 0.60

Regards
Ankur
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