• Union Bank of India’s consolidated net revenues (net interest income plus other income) decreased by 6.4% quarter-on-quarter (QoQ) during the quarter ended December (Q3FY22). On a year-on-year (YoY) basis, it witnessed a decline of 3.5%.
  • Provisions & contingencies decreased by 31% QoQ and 51.1% YoY basis.
  • While the net profit fell by 28.7% QoQ during the December 2021 quarter, it increased by 49.8% on a YoY basis.
  • The bank’s capital adequacy ratio (CAR) stood at 13.85% in Dec 2021 quarter.
  • Net non-performing assets (NPAs) stood at 4.09% as of Dec 2021.

Union Bank of India’s financial statements for Q3FY22:

(Rs, crores) Q3FY21 Q2FY22 Q3FY22 QoQ (%) YoY (%)
Total Income 20,963.3 21,621.9 20,233.2 -6.4% -3.5%
Total Expenses 15,676.2 15,572.7 15,141.7 -2.8% -3.4%
Provisions 5,248.9 3,719.3 2,565.9 -31.0% -51.1%
Profit before tax 38.2 2,329.9 2,525.6 8.4% -
Tax -671.4 831.1 1,463.3 76.1% -
Profit after tax 719.4 1,510.7 1,077.4 -28.7% 49.8%
Earnings per share 1.1 2.3 1.6    

Data Source: BSE, Company announcements

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