The Board of Directors of Union Bank of India today
approved the
accounts of the Bank for the Quarter and Year ended March 31, 2021.
|
Key Highlights 1.
Strong Financial Performance: Operating Profit of the Bank
improved by 40.38 % during Q4 FY21 as compared to Q4 FY 20 and 6.54% on YoY
basis during FY 21. Net Profit for FY21 stood at Rs 2906 Crores against net
loss of Rs 6613 Crores for FY20. Net interest income of Bank grew by 4.37% YoY
during FY21. 2.
Bank continues to demonstrate a strong liability
franchise The CASA deposits have increased by 13.15%
YoY. Total deposits base stood at Rs.923805 Crores as at the end of Q4FY21.
CASA ratio improved to 36.33% from 34.15% a year ago. 3.
Credit in Retail, Agri and MSME (RAM) segments grown by 8.40%
YoY Bank registered 10.49% growth in
Retail, 11.89% growth in Agriculture, 3.24% growth in MSME advances. Average
advances has grown by 3.11% YoY. Domestic Advance including CP &
Corporate Bonds has grown by 1.13% YoY. 4.
Reduction in Slippages:- Slippages during FY21 have reduced
by 30.63% as compare to FY20 (from Rs 25147 Crore during FY20 to Rs 17443
Crore during FY 21). Net NPA of Q4FY21
stood at 4.62%. 5.
Provision coverage ratio of the Bank improved to 81.27%
as on March 31, 2021 Provision coverage ratio of the Bank
improved to 81.27% as on March 31, 2021 as against 78.21% as on March
31, 2020. 6.
Robust performance on EASE 3.0 parameters during Q3 FY21 Under EASE (Enhanced Access and
Service Excellence) Bank has secured 3rd position in overall
ranking and Top 3 position in 4 themes out of 5, amongst PSBs during Q3 FY21. 7. Amalgamation:-Integration
of CBS systems of all e-AB and e-CB branches completed in record time. |
Key Summary of Q4FY2021 Results
|
Rs in Crore |
Q4FY20 |
Q3FY21 |
Q4FY21 |
YoY% |
QoQ% |
FY20 |
FY21 |
YoY% |
|
Profit & Loss |
||||||||
|
Interest Income |
18241 |
17087 |
15475 |
-15.16 |
-9.44 |
73186 |
68767 |
-6.04 |
|
Interest Expenses |
12274 |
10498 |
10072 |
-17.94 |
-4.05 |
49532 |
44079 |
-11.01 |
|
Net Interest Income |
5967 |
6590 |
5403 |
-9.46 |
-18.01 |
23654 |
24688 |
4.37 |
|
Non-Interest Income |
3697 |
3016 |
4551 |
23.10 |
50.92 |
11753 |
11337 |
-3.54 |
|
NIM % |
2.89 |
2.94 |
2.38 |
-51bps |
-56bps |
2.97 |
2.71 |
-26bps |
|
Operating Profit |
3690 |
5311 |
5180 |
40.38 |
-2.47 |
18076 |
19259 |
6.54 |
|
Loan Loss Provisions |
10847 |
4584 |
3850 |
-64.51 |
-16.01 |
24690 |
16353 |
-33.76 |
|
Profit After Tax |
-7157 |
727 |
1330 |
- |
- |
-6613 |
2906 |
- |
|
Rs in Crores |
Mar 20 |
Dec 20 |
Mar 21 |
YoY% |
QoQ% |
|
Balance Sheet |
|||||
|
Global Advances |
666117 |
651973 |
653684 |
-1.87 |
0.26 |
|
Domestic Advances |
645421 |
635225 |
637672 |
-1.20 |
0.39 |
|
W/w Retail |
113520 |
120386 |
125427 |
10.49 |
4.19 |
|
Agriculture |
107358 |
115373 |
120124 |
11.89 |
4.12 |
|
MSME |
118440 |
125504 |
122274 |
3.24 |
-2.57 |
|
RAM advances |
339318 |
361263 |
367825 |
8.40 |
1.82 |
|
Domestic advances including CP &
Corp bonds |
664106 |
668076 |
671635 |
1.13 |
0.53 |
|
Deposits |
868632 |
882423 |
923805 |
6.35 |
4.69 |
|
CASA |
296598 |
312213 |
335592 |
13.15 |
7.49 |
|
Term Deposits |
572035 |
570210 |
588213 |
2.83 |
3.16 |
|
CASA Ratio (%) |
34.15 |
35.38 |
36.33 |
218 bps |
95 bps |
|
GNPA |
97193 |
87968 |
89788 |
-7.62 |
2.07 |
|
NNPA |
31325 |
19063 |
27281 |
-12.91 |
43.11 |
|
Ratios (%) |
Q4FY20 |
Q3FY21 |
Q4FY21 |
YoY bps |
QoQ bps |
FY20 |
FY21 |
YoY bps |
|
Asset Quality |
||||||||
|
GNPA |
14.59 |
13.49 |
13.74 |
-85 |
25 |
14.59 |
13.74 |
-85 |
|
NNPA |
5.22 |
3.27 |
4.62 |
-60 |
135 |
5.22 |
4.62 |
-60 |
|
PCR |
78.21 |
86.18 |
81.27 |
306 |
-491 |
78.21 |
81.27 |
306 |
|
TPCR |
67.79 |
78.33 |
69.62 |
183 |
-871 |
67.79 |
69.62 |
183 |
|
Credit Cost |
5.19 |
1.86 |
2.89 |
-230 |
103 |
3.15 |
2.13 |
-102 |
|
Capital Ratios |
||||||||
|
CET-1 ratio |
8.60* |
9.22 |
9.07 |
47 |
-15 |
8.60 |
9.07 |
47 |
|
Tier-1 ratio |
9.74* |
10.47 |
10.35 |
61 |
-12 |
9.74 |
10.35 |
61 |
|
CRAR |
12.01* |
12.98 |
12.56 |
55 |
-42 |
12.01* |
12.56 |
55 |
*as on 01.04.2020
Network:
9312 Branches
12957 ATMs
8214 BC points
94 SARAL/SARAL Lite (MSME Loan Processing Centres)
129 ULPs (Retail Loan Processing Centres)
Financial
inclusion schemes:
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; 3.71 lakh new enrollments were done by
Bank for the quarter ended March 31, 2021.
Pradhan Mantri Suraksha Bima Yojana
(PMSBY):
PMSBY is Government-
backed accidental insurance scheme; 6.69 lakh new enrollments were done by Bank
for the quarter ended March 31, 2021
Pradhan Mantri Jan Dhan Yojana (PMJDY):
2.17 crore accounts
have been opened with account balance of Rs.6,465 crore as on March 31, 2021 as
against 1.74 crore accounts with Rs.5,049 crore as on March 31, 2020.
Atal Pension Yojana (APY):
APY is a
pension scheme, primarily targeted at the unorganized sector, 0.59lakh new
enrollments were done by Bank for the quarter ended March 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, SHGs in order to ease out the stress/ tide over the liquidity
mismatch or for fulfilling the consumption needs.
COVID Emergency Line of Credit
(CELC): Scheme for all existing Fund Based
working capital limit borrowers irrespective of sector.
No. of Loans Sanctioned – 1,13,880
Total
amount Sanctioned – Rs.3,652 crore
Union COVID 19 Personal Loan
Scheme (UCPLS):
Scheme for all Govt/ non-Govt employees drawing salary through our bank for
last 12 months and existing retail borrowers.
No. of Loans Sanctioned – 80,536
Total
amount Sanctioned - Rs.1,973 crore
Union SHG COVID Suvidha Loan (USCSL): Scheme for all existing SHGs with
satisfactory track record.
No. of Loans Sanctioned – 1,30,180
Total
amount Sanctioned - Rs.696 crore
Union Guaranteed Emergency Credit Line (UGECL): A special scheme as per GOI
guidelines for sanctioning pre-approved limit of up to 20 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) – 3,72,660
Total
amount Sanctioned (UGECL 1 & 2)– Rs.9,681 crore
[Note: Amalgamation of Andhra Bank and Corporation Bank came into effect on April 01, 2020; accordingly the combined financials as on March 31, 2020 has been arrived at by aggregating audited/reviewed numbers of three banks]
Date: 7th June, 2021
Place: Mumbai
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