Key Highlights in Q3FY22
1. Strong Financial Performance:
Net Profit of the Bank improved by 49.29% on YoY basis during Q3FY22. Net interest income of Bank grew by 8.88% on YoY basis during Q3FY22.
2. Bank continues to demonstrate a strong liability franchise
The CASA deposits have increased by 11.06% YoY. Bank now have a total deposits base at Rs.9,37,455 Crores as at the end of Q3FY22. CASA ratio improved by 161 bps to 36.99% from 35.38% on YoY basis.
3. Business growth gaining momentum
The Advances have increased by 5.51% and 2.69% on QoQ and YoY basis respectively, while Deposits have increased by 2.56% and 6.24% on QoQ and YoY basis respectively. Bank now have a total Business at Rs.16,06,986 Crores as on Dec 31, 2021.
4. Credit in Retail, Agri and MSME (RAM) segments grown by 9.17% on YoY basis
Bank registered 9.78% growth in Retail, 11.08% growth in Agriculture and 6.38% growth in MSME advances on YoY basis. RAM advances as a per cent of Domestic Advances improved by 327 bps on YoY basis to 56.94%.
5. Reduction in NPA:-
Gross NPA (%) reduced by 102 bps on QoQ basis to 11.62% and Net NPA (%) reduced by 52 bps on QoQ basis to 4.09% as on 31.12.2021. Credit Cost reduced by 91 bps QoQ for Q3FY22.
6. Improved capital ratios
CRAR improved from 12.98% as on 31.12.2020 to 13.92% as on 31.12.2021. CET1 ratio improved to 10.18% as on 31.12.2021 from 9.22% as on 31.12.2020.
Key Summary of Q3FY2022 Results
|
In Rs Crores |
Q3FY21 |
Q2FY22 |
Q3FY22 |
YoY% |
QoQ% |
9MFY21 |
9MFY22 |
|
Interest Income |
17,087 |
16,706 |
16,930 |
-0.92 |
1.34 |
53,292 |
50,770 |
|
Interest Expenses |
10,498 |
9,876 |
9,755 |
-7.07 |
-1.23 |
34,007 |
29,752 |
|
Net Interest Income |
6,590 |
6,829 |
7,174 |
8.88 |
5.05 |
19,285 |
21,017 |
|
Non-Interest Income |
2,970 |
3,978 |
2,524 |
-15.01 |
-36.55 |
7,415 |
9,282 |
|
NIM % |
2.94 |
2.95 |
3.00 |
6 bps |
5 bps |
2.81 |
3.00 |
|
Operating Profit |
5,265 |
6,074 |
5,098 |
-3.17 |
-16.06 |
14,708 |
16,353 |
|
Total Provisions |
4,538 |
4,547 |
4,013 |
-11.57 |
-11.76 |
13,132 |
12,561 |
Profit After Tax
727 1,526
Profit & Loss
1,085 49.29 -28.88 1,576
YoY%
-4.73 -12.51 8.98 25.18 19 bps 11.18 -4.35
3,793 140.60
Corporate Communications Division, Union Bank Bhavan, 239, VidhanBhavan Marg, Nariman Point, Mumbai – 21.
|
In Rs Crores |
Dec 20 |
Sep 21 |
Dec 21 |
YoY% |
Balance Sheet
QoQ%
5.51 5.58 3.10 2.61 5.40 3.61 2.56 2.08 0.74 -17 bps -3.02
32.50 -5.70
QoQ Bps
-102 -52 103 92 -91
2 43
94 28
|
Global Advances |
6,51,973 |
6,34,583 |
6,69,531 |
2.69 |
|
Domestic Advances |
6,35,225 |
6,19,137 |
6,53,709 |
2.91 |
|
W/w Retail |
1,20,386 |
1,28,190 |
1,32,164 |
9.78 |
|
Agriculture |
1,15,373 |
1,24,897 |
1,28,152 |
11.08 |
|
MSME |
1,05,163 |
1,06,144 |
1,11,874 |
6.38 |
|
RAM advances |
3,40,922 |
3,59,231 |
3,72,190 |
9.17 |
|
Deposits |
8,82,423 |
9,14,022 |
9,37,455 |
6.24 |
|
W/w CASA |
3,12,213 |
3,39,692 |
3,46,754 |
11.06 |
|
Retail Term Deposits(<2 Crs) |
3,86,461 |
4,34,299 |
4,37,528 |
13.21 |
|
CASA Ratio (%) |
35.38 |
37.16 |
36.99 |
161 bps |
|
GNPA |
87,968 |
80,211 |
77,786 |
-11.57 |
NNPA
19,063 26,785
Asset Quality
Capital Ratios 13.64%
25,258
|
Ratios (%) |
Q3FY21 |
Q2FY22 |
Q3FY22 |
YoY bps |
|
GNPA |
13.49% |
12.64% |
11.62% |
-187 |
|
NNPA |
3.27% |
4.61% |
4.09% |
82 |
|
PCR |
86.18% |
81.77% |
82.80% |
-338 |
|
TPCR |
78.33% |
66.61% |
67.53% |
-1080 |
|
Credit Cost |
1.86% |
2.31% |
1.40% |
-46 |
|
CET-1 ratio |
9.22% |
10.16% |
10.18 |
96 |
|
Tier-1 ratio |
10.47% |
11.32% |
11.75 |
128 |
CRAR
Network:
Financial inclusion schemes:
13.92
12.98%
9,113 Branches
11,455 ATMs
8,216 BC points
126 SARAL/SARAL Lite (MSME Loan Processing Centres) 130 ULPs (Retail Loan Processing Centres)
80 USKs (Agricultural Loan Processing Centres)
Financial inclusion aims to eliminate barriers and provide economically priced financial services to the less accessible sections of the society through government-backed schemes like PMJJBY, PMSBY, PMJDY and APY.
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY):
PMJJBY is a Government- backed insurance scheme; 2.52 lakh new enrollments were done by Bank for the quarter ended December 31, 2021.
Pradhan Mantri Suraksha Bima Yojana (PMSBY):
PMSBY is Government- backed accidental insurance scheme; 10.69 lakh new enrollments were done by Bank for the quarter ended December 31, 2021
Corporate Communications Division, Union Bank Bhavan, 239, VidhanBhavan Marg, Nariman Point, Mumbai – 400021.
2
Pradhan Mantri Jan Dhan Yojana (PMJDY):
Under this scheme, as on December 31, 2021, total 2.38 Crore accounts have been opened with account balance of Rs. 7,037 Crore as against 2.04 Crore accounts with Rs.5,837 Crore as on December 31, 2020.
Atal Pension Yojana (APY):
APY is a pension scheme, primarily targeted at the unorganized sector, 0.98 lakh new enrollments were done by Bank for the quarter ended December 31, 2021.
New schemes launched to tackle COVID-19:
In response to significant challenges of COVID 19, Bank has launched various flagship schemes for business entities, retail customers, in order to ease out the stress or for fulfilling the consumption needs.
PM SVANidhi:
A micro credit facility that provides street vendors a collateral free loan of Rs.10,000 with low rates of interest for a period of one year.
No. of Loans Sanctioned – 3,28,123
Total amount Sanctioned – Rs.328.29 Crore
Union Guaranteed Emergency Credit Line (UGECL):
A special scheme as per GoI guidelines for sanctioning pre-approved limit of up to 20/40 per cent of loan outstanding as on 29th February, 2020 to eligible borrowers, in the form of additional working capital term loan facility to eligible Business Enterprises / MSME borrowers/Individuals, including interested PMMY borrowers.
No. of Loans Sanctioned (UGECL 1,2,3&4) –3,73,600
Total amount Sanctioned (UGECL 1,2,3&4)– Rs.10,562 Crore
