Q3 & 9M

FY 2015-16

February 11, 2016

Financial Results

"Union Selfie" is a mobile application based
savings account opening process, which allows a
prospective customer to open savings account
just by scanning his AADHAAR card, PAN and by
uploading a "Selfie Photo" through his smart
phone.

Applicant can submit the savings account opening
application online by giving the necessary details
and submitting physical documents to branch. The
status of the application can be tracked through
reference no./PAN and Date of Birth of the
applicant.

DigiPurse is a mobile wallet that enables the
users to preload a certain amount in the wallet
and spend the amount for various online services
viz. Bill payment, Mobile recharge, DTH Recharge,
Online shopping, Funds transfer etc.

Digital Initiatives

2

• Net Profit for Q3/FY16 stood at ` 78 crore; Net profit for 9M/FY16
stood at `1255 crore.

Non Interest Income

Net Profit

Capital Adequacy

Asset Quality

Efficiency

• Non Interest Income for Q3/FY16 stood at ` 892 crore;
• Non Interest Income for 9M /FY16 stood at ` 2635 crore up by
10.7%.

Business

• Capital Adequacy Ratio at 10.30% (excluding 9M/FY16 profit);
CET 1 Ratio at 7.45%.

• Gross NPA (%) and Net NPA (%) stood at 7.05% and 4.07%
respectively.

• ROA stood at 0.08% (Q3/FY16); 0.44% (9M/FY16);
• ROE stood at 1.53% (Q3/FY16); 8.13% (9M/FY16).

• Global Business increased by 5.2% to ` 589889 crore
• CASA deposits have crossed the landmark figure of Rs. 1 lakh
crore; CASA Share improved to 30.6%.

Performance Highlights

3

Business Performance

316870

21092
71558
92650

312912

21891
68019
89910

Total Deposits

Current Deposits

Savings Deposits

CASA
94413

73367

21046

330665

Sep
2015

100173

75024

25149

327412

Dec
2015

11.4

10.3

14.9

4.6

Y-o-Y

6.1

2.3

19.5

-1.0

Q-o-Q

Growth (%)

Dec/14

28.7

Mar/15

29.2

Jun/15

28.3

CASA Ratio (%)

Sep/15

28.6

Dec/15

30.6

Dec/14

8.5

Mar/15

5.8

Sep/15

2.2

Dec/15

1.3

Shedding High Cost Deposit
(% share in Total Deposit)

• The Bank activated 3.44 lakh Dormant accounts during Q3 of FY 2015-16. In addition, the Bank added
9.55 lakh CASA accounts during December Quarter.

(` crore)

Mar
2015

Dec
2014

Parameters

Deposits

5

31574
54755

29707
52840

Agriculture

MSME

Dec/14

76.6

Mar/15

75.7

47589*

36158

33621

24683

229339

254022

Sep
2015

48881

36926

34816

Jun/15

76.0

26529

235948

262477

Dec
2015

Sep/15

77.4

Advances RWA to Gross Advances (%)

* Reclassification as per RBI guidelines

31658

21434

30155

20760

- Overseas

241323

262757

Mar
2015

Retail Advances

227339

248099

Dec
2014

- Domestic

Gross Advances

(` crore)

Parameters

Dec/15

75.0

-7.5

24.3

15.5

27.8

3.8

5.8

Y-o-Y

2.7

2.1

3.6

7.5

2.9

3.3

Q-o-Q

Growth (%)

Advances

6

Dec/14

8.9

26.6

8.1

8.4

16.3

Mar/15

12.1

24.0

8.1

Jun/15

6.7

16.6

Advances

Dec/15

5.8

7.0

7.8
8.4

18.0

Dec/14

49.6

6.1

Mar/15

48.8

59.8

Dec-15

Jun/15

49.7

Dec/15

51.1

Others

Mortgage Loans

Education Loans

Vehicle Loans

Home Loans

Sep/15

51.2

RAM Share (%) in Domestic Advances

Composition of Retail Portfolio

59.2

Dec-14

Sep/15

3.9

10.2

RAM Segment

Annual Growth (%)

Advances

7

Retail Advances

Trade

NBFCs and HFCs

3

4

5

Textiles

Gems & Jewellery

Construction

All Engineering

7

8

9

10

Basic Metal Products

Agriculture

2

6

Infrastructure

Sectors

1

Sl.

2.1

2.6
1.5

2.5
2.0

10.1

10.1

2.1

11.6

12.5

2.9

13.1

13.3

3.0

13.1

13.1

4.8

15.9

15.7

5.9

Mar
2015

Dec
2014

1.8

2.0

2.2

2.2

5.0

9.1

10.7

14.7

15.8

16.5

Sep
2015

Top 10 Sectors (Domestic )
% Share in Advances

2.0

2.1

2.1

3.0

5.0

8.6

11.4

14.7

15.6

16.1

% Share

4646

4984

4990

7150

11769

20293

26869

34816

36926

37959

Amount
( ` crore)

Top 10 Sectors
(Domestic )
(31th Dec 2015)

Advances – Top Exposures

8

71.1
1.6
27.3
100

70080
1616
26884
98580

Held to Maturity

Held for Trading

Available for Sale

Total Investment

• 89.1% of AFS & HFT portfolio is interest sensitive

(` crore)

% to Total

Sep/15

104898

Dec 2015

Dec/14

101520

Investment (` crore)

4.3

4.8

5.7

4.1

Dec 2015

Duration (Years)

Dec/15

98580

Investments

9

Union Bank of India (UK)
Limited
(a wholly-owned subsidiary
of the Bank in London)

Representative offices at
Shanghai, Beijing,
Abu Dhabi and Sydney

Overseas branches at
Hong Kong, DIFC (Dubai) &
Antwerp (Belgium)

4.0
billion
(26529)

3.3
3.8
billion
billion
(20760) (24683)
Total
Advances

*1 US$= ` 66.155 as on Dec 31, 2015

Total
Deposits

5.0
billion
(32927)
1.0
billion
(6398)

Dec-15

4.2
4.7
billion
billion
(26383) (30382)
0.9
0.9
billion
billion
(5623)
(5699)

Sep-15

Business

US $
(` crore)

Dec -14

Business from Overseas Branches

25.5

8.4

19.5

Growth
(%)
YoYUS$

Overseas Operations

10

8418

Other Liabilities and Provisions

14353

371780

Total

241512

Advances

Other Assets

91686

Investments

2666

8950

Balances with Banks and Money at call and Short Notice

Fixed Assets

12613

Cash and Balances with Reserve Bank of India

ASSETS

30658

Borrowings
371780

312912

Deposits

Total

19156

636

Reserves and surplus

Capital

LIABILITIES

As at
31.12.14

393641

15386

2689

246217

104517

10343

14489

393641

8480

32493

330665

21316

687

As at
30.09.15

390820

14644

2714

253705

92278

12029

15450

390820

8868

32466

327412

21387

687

As at
31.12.15

5.1

2.0

1.8

5.0

0.6

34.4

22.5

5.1

5.3

5.9

4.6

11.6

8.0

Y-o-Y

-0.7

-4.8

0.9

3.0

-11.7

16.3

6.6

-0.7

4.6

-0.1

-1.0

0.3

0.0

Q-o-Q

Growth (%)

(` crore)

Statement of Assets & Liabilities

Financial Highlights

7.43

6.80

11.01

9.21

7.75

2.57

Cost of Funds

Yield on
Advances

Yield on Funds

Yield on
Investment

NIM

Domestic

2.50

7.74
2.42

7.37

8.77

10.69

10.43

8.93

6.53

7.19

Domestic

2.34

7.33

8.43

9.81

6.25

7.09

Global

Sep-15
(Q2)

6.58

7.33

Global

Dec-14
(Q3)

Cost of Deposit

Parameters
(%)

2.31

7.35

8.59

10.15

6.44

7.03

Domestic

2.22

7.29

8.21

9.39

6.14

6.94

Global

Dec-15
(Q3)

2.62

7.76

9.31

11.07

6.85

7.40

Domestic

2.54

7.75

9.04

10.50

6.64

7.31

Global

9M
FY 15

2.40

7.52

8.79

10.43

6.56

7.17

Domestic

2.32

7.48

8.45

9.70

6.28

7.08

Global

9M
FY16

Cost & Yield Ratio

13

Total

c. Recovery in
Written off
Accounts

on Sale
of Investments
•Exchange
Profit

•Profit

877

959

55

176

128
42

259

435

469

Sep-15
(Q2)

252

379

b. Treasury Income

W/w

455

Dec-14
(Q3)

a. Core Non
Interest Income

Parameters

892

34

164

257

421

437

Dec-15
(Q3)

1.8

-18.0

28.1

2.0

11.1

-3.9

Growth
(%)Y/Y

901

1242

9M
FY 15

-6.9

-37.4

2380

237

-6.8 475

-0.8 426

-3.2

-6.7

Growth
(%)Q/Q

2635

130

467

710

1177

1329

9M
FY 16

10.7

-45.3

14

-1.8

66.8

30.6

7.0

Growth
(%)

(` crore)

Non-Interest Income

1465

Operating Profit

1532

Operating
Expenses

567

877

Non Interest
Income

-Other
Expenses

2120

Net Interest
Income

965

5924

Interest
Expenditure

-Establishment
Expenses

8044

Interest Income

Parameters

Dec-14
(Q3)

650
1334

1490

905

1555

892

1997

646

926

1572

960

2102

5913

7910

8141
6039

Dec-15
(Q3)

Sep-15
(Q2)

-8.9

14.6

-6.2

1.5

1.7

-5.8

-0.2

-1.7

Growth
(%)-Y/Y

-10.5

0.6

-2.3

-1.1

-7.1

-5.0

-2.1

-2.8

Growth
(%)-Q/Q

4171

1702

2829

4531

2380

6322

17521

23843

9M
FY15

4312

1868

2684

4552

2635

6229

18082

24311

9M
FY16

3.4

9.8

-5.1

0.5

10.7

-1.5

3.2

2.0

Growth
(%)-Y/Y

(` crore)

Operating Profit

15

753

1163

Total

320

311

Taxation

-61

-320

0

76

0

Shifting Loss

-113

Others (FITL etc)

-26

Depreciation on Investment

2

106

22

Standard Assets

924

Sep-15
(Q2)

Restructured Advances

674

Dec-14
(Q3)

NPAs

Parameters

1256

18

-4

-6

0

21

-17

1243

Dec-15
(Q3)

2833

803

69

210

39

-85

94

1703

9M
FY15

2978

665

-92

-318

6

107

-37

2647

9M
FY16

(` crore)

Provisions

16

Dec/14

302

Dec/15

78

9M FY 15

1338

9M FY 16

1255

` crore

Net Profit

17

Sep-15
(Q2)

288.18
19.03
Dec-14
(Q3)

Book Value Per Share (`)

Earnings per share (`)

4

5

15.6
1.45
16.28
29.99
3.36

` crore
` crore
` lakh
` lakh
` lakh

Business per Employee

Gross Profit per Branch

Gross Profit per Employee

Net Profit per Branch

Net Profit per Employee

3

4

5

6

2

139.1

Business per Branch

1

` crore

Sl. Profitability Parameters

41.37

51.13

Cost to Income Ratio (%)

7.28

64.24

16.49

1.45

16.2

142.7

299.30

51.32

12.80

3

6.60

Return on Equity (%)

0.68

2

0.34

Sep-15
(Q2)

Return on Avg. Assets (%)

Dec-14
(Q3)

1

Sl. Efficiency Parameters

0.88

7.63

14.91

1.30

16.3

141.5

Dec-15
(Q3)

4.57

299.62

53.82

1.53

0.08

Dec-15
(Q3)

4.96

44.22

15.45

1.37

15.6

139.1

9M
FY 15

28.20

288.18

52.07

9.74

0.51

9M
FY 15

4.68

40.63

16.06

1.40

16.5

143.1

9M
FY 16

25.63

299.62

51.35

8.13

0.44

9M
FY 16

Efficiency/ Profitability Ratios

18

Asset Quality

12596
5.08
7118
2.95
57.25
1.11

Gross NPA (%)

Net NPA

Net NPA (%)

Provision Coverage Ratio (%)

Credit Cost (%)

218

3. Write Off

Gross NPAs- Closing

28

604

Less : Reductions

2. Upgradation

1738

Add : Additions
358

11462

Gross NPAs - Opening

1. Recoveries

Dec-14
(Q3)

Parameters

Dec-15
(Q3)

15541
3409
455
77

119
259
18495
7.05

10322
4.07
55.00
1.92

Sep-15
(Q2)

14144
1931
534
205

59
270
15541
6.12

8335
3.39
57.85
1.45

0.94

57.25

2.95

7118

5.08

12596

686

275

987

1948

4980

9564

9M
FY 15

1.34

55.00

4.07

10322

7.05

18495

686

143

404

1233

6698

13031

9M
FY 16

(` crore)

Asset Quality

20

156

454

459
2340
3409

Micro &
Small (MSE)

Retail Loans

Others

Total

Slippages
During Q3
FY 16

Agriculture

Sectors

18495

12725

970

3024

1776

NPAs
Dec 2015

100.00

68.80

5.24

16.35

9.60

% to Total
NPAs

5.08

5.48

2.03

5.64

5.42

Dec
2014

4.96

5.23

1.96

6.09

5.08

Mar
2015

6.12

6.85

2.76

6.90

4.75

Sep
2015

% to Sector Loan

7.05

8.28

2.79

7.44

4.81

Dec
2015

(` crore)

Asset Quality: Sectoral

21

7300*

13617

20917

1407

0

0

0

19510

Total

* *Rs 7300 crore included in Gross NPAs of Rs 18495 crore.

Outstanding Standard Restructured Assets excluding SEBs as % to Gross Advances: 3.0%

Restructured Accounts as on December 31, 2015

428

979

Change in Outstanding/Write-off/ Recovery/Closures
Quarter

1303

-28

-1303

28

Upgradation to Standard Restructured Accounts during
the Quarter

0

5597

NPA

Down gradation of restructured accounts during the
Quarter

0

13913

Standard

Fresh Restructuring during the Quarter

Restructured Assets as on October 01,2015

Particulars

Dec-15 (Q3)

(` crore)

Restructured Assets

22

Textiles

Hotel

3

4

5

3.8
3.1

518
418

42.1
22.1

3012

-Stalled Projects

% to Standard
Restructured Advances
100.0

4.9

667

5727

13617

Amt

6.8

5727

53.0

1.1

2.2

% to Gross
Loans
5.2

42.1

% to Standard Restructured
62.8

927

7221

8547

Amt.

-SEBs

W/w

Outstanding Standard
Restructured Assets

Iron & Steel

2

a. Power

Infrastructure

w/w SEBs
Engineering

1

Sector

(` crore)

23

Sector wise Standard Restructured Accounts

18290
51.5%

18571
51.6%

Mar/15

11731
33.0%

11875
33.0%

Dec/14

5493
15.5%

35514

5547
15.4%

35993

Sep/15

Dec/15

19065
53.3%

11612
32.4%

11779
32.6%

18987
52.5%

5124
14.3%

35801

5386
14.9%

36152

Officers

Clerks

Sub-Staff

40 years

24

Avg. age of employee

Human Capital

Andhra
Pradesh
(169) (380)

Telangana
(80) (146)

Pondicherry
(4) (6)

Tripura
(7) (10)

Mizoram
(1) (2)

Nagaland
(1) (1)
Manipur
(1) (1)

Semi
Urban
29.5%

Metro
18.2%
Urban
21.0%

Northern
12.9%

Eastern
12.7%

Central
32.1%

N Eastern
2.0%

Geographical diversification minimizes regional risks

Southern
21.2%

Western
19.0%

Branch Distribution by Geography

61% branches in rural/semi-urban markets

25

l The Bank has 31 extension counters, 60 satellite offices and 47 service branches in
addition to its regular bank branches as of December 31, 2015.

l Operates in the UK through its wholly owned subsidiary, Union Bank of India (UK)
Ltd.

l Overseas branches in Hong Kong, Dubai and Antwerp, in addition to representative
offices in Shanghai, Beijing, Abu Dhabi and Sydney

l Extensive network across India

West Bengal
(176) (282)

Sikkim
(8) (8)

Andaman &
Nicobar
(1) (1)

Orissa
(122) (139)

# ATMS (6960)

Tamil
Nadu
(229) (385)

Karnataka
(152) (310)

Kerala
(243) (349)

Goa
(15) (19)

Maharashtra
(500) (1180)

# Domestic Branches (4,131)

Daman & Diu
(1) (2)

Dadra, Nagar
Haveli
(1) (3)

Madhya Pradesh
(278) (653)

Jharkhand
(82) (97)

Bihar
(141) (161)

Delhi (95) (287)

Arunachal Pradesh
(1) (1)

Assam
(67) (96)

Meghalaya
(5) (5)

Uttarakhand (82) (142)

Himachal Pradesh
(20) (31)

Uttar Pradesh
(914) (1366)

Jammu & Kashmir
(12) (18)

Rajasthan
(135) (169)

Gujarat
(263) (392)

Haryana
(108) (164)

Punjab
(138) (178)

Chandigarh
(10) (21)

Rural
31.3%

Branch Distribution by Urbanization

Extensive & specialized distribution network focused
on the needs of the different business segments

Dec/14

192

Mar/15

211

Jun/15

224

Sep/15

237

Dec/14

10.6

Mar/15

11.1

Jun/15

11.5

Sep/15

12.0

Dec/15

12.4

Internet Banking User (Lakh)

5.1

3.4

12.3

40.3

121

Dec/14

Mar/15

Jun/15

167

Sep/15

Others (Payment Gateway/FINO/Merchant
Acquiring/RTGS/NEFT/ECS)

POS

Tele Banking

Mobile Banking

137

219

Mobile Banking User
(Thousands)

Internet Banking

Transactions through Alternative Channels (%)
64.3
ATMs

Dec/15

246

2.0
1.2

Debit Card Base (Lakh)

Multiple Delivery Channels

26

Dec/15

277

7.32

2.98

7.50

2.72

7.67

2.60

253162

25885
10.22
7.24

240924

24807
10.30
7.02

Risk Weighted Assets

Capital Funds

CRAR-BASEL III ( % )

CET Ratio (%)

Sep/15

10.26

Mar 2015

Mar/15

10.22

Dec 2014

Dec/14

10.30

7.70

7.42

10.26

26740

260508

Sep 2015

Tier II

Tier I

CRAR

7.45

10.30

26632

258677

Dec 2015

(` crore)

2.60

Dec/15

10.30

27

Basel III: Capital & Liquidity

` 10219 crore

•Market Cap

Govt. of India
FIIs

8.58%

8.89%

DIIs

12.68%

9.72%

10.03%

Public & Others

18.04%
17.95%

18.27%

8.49%

Mar/15

Sep/15

8.13%

•Return on Equity

60.47%

` 299.62

• Book Value per share

63.44%

` 20596 crore

• Net worth:

63.44%

68.74 crore

•No. of Equity Shares:

Shareholding Pattern (%)

` 687.4 crore

Capital

• Share

Mar/15

Sep/15

Dec/15

Dec/15

28

Shareholding Details

18396
5407
2581
56.8 Lakh
` 672.3 Crore
54.2 Lakh
16.0 Lakh

Progress under Mudra Yojana
Category
No. of Account Sanctioned amount
Shishu (< ` 50k)
104440
267.8
Kishor (Above ` 50k-5 Lakh)
40030
708.6
Tarun (Above ` 5 Lakh-10 Lakh)
3852
279.2
Total
148322
1255.7

Progress under PMSBY, PMJJBY and APJ Schemes
Scheme Name
Total Enrolments
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
26.59 Lakh
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
11.15 Lakh
Atal Pension Yojana (APJ)
0.46 Lakh

Villages covered
Sub Service Areas
Urban Wards
Accounts opened till December 31, 2015
Deposits
RuPay Cards issued
Aadhar Seeding

Outstanding amount
231.4
604.3
197.5
1033.2

Progress under Pradhan Mantri Jan Dhan Yojana (PMJDY)
Achievements of the Bank
Parameters

Financial Inclusion

29

“ICT4 Development
Awards 2015” from
ASSOCHAM in the
areas of Green IT
(Tabulous
Banking, eKYC
application, and M
Passbook
application)

“elets Awards 2015”
for “Multi Channel
Payment Solution
(IMPS)” from elets
Technomedia Pvt.
Ltd.

SKOCH order of Merit
Awards 2015 for:
1. eKYC implementation
2. Financial Inclusion
Technology
3. Kendriya Vidayalaya
Fee Collection

‘Excellence in
Innovation’ Award
2015 for
implementation of M
Passbook from
Financial
Insights, Internation
al Data Corporation
(IDC)

2. Recognition Award
2015 in issuance of
RuPay cards

NPCI Award 2015 under:
1. Special category for
implementation of IMPS
through branches

MSME Banking Excellence Awards 2015 from Chamber of Indian Micro
Small & Medium Enterprises (CIMSME)
1. Best Bank Award for Promotional Schemes – Winner
2. Best Bank Award for Mudra Yojna - Runner Up

"National Award for Innovative Training Practices" (Second Prize for
2014-15) by Indian Society for Training & Development (ISTD)

Awards During the Quarter

30

31

Except for the historical information contained herein, statements in this
presentation
which
contain
words
or
phrases
such
as
“is”, “aims”, ‘will’, ‘would’, ‘indicating’, ‘expected to’ etc., and similar
expressions or variations of such expressions may constitute ‘forward-looking
statements’. These forward-looking statements involve a number of
risks, uncertainties and other factors that could cause actual results to differ
materially from those suggested by the forward looking statements. These risks
and uncertainties include, but are not limited to our ability to successfully
implement our strategy, future levels of non-performing loans, our growth and
expansion in business, the impact of any acquisitions, the adequacy of our
allowance for credit losses, technological implementation and changes, the
actual growth in demand for banking products and services, investment
income, cash flow projections, our exposure to market risks as well as other
risks. Union Bank undertakes no obligation to update forward-looking statements
to reflect events or circumstances after the date thereof.

Disclaimer

Investor queries: investor.relations@unionbankofindia.com