UNIONBANKNSE21 January 2019

Union Bank of India has informed the Exchange regarding Investor Presentation

Union Bank of India

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Financial Results Q3/FY19 & 9M/FY19

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January 21, 2019

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Business Performance

Financials

New Initiatives & Outcomes

Awards & Accolades

Table of Contents

Domestic Advances 8%

Year on Year Growth

Cash Recovery 9M FY19 159%

Net Interest Income 9M FY19 7%

Retail Advances 22%

Snapshot as on December 31, 2018

Total Business

` 719810 crore

Gross Advances

` 317513 crore

Total Deposits

` 402297 crore

Saving Deposits 9.7%

Operating Profit(9M FY19)

` 5611 crore

Basel III Tier I CAR

Basel III Total CAR

Branches

ATMs

*Including 5407 Micro-ATM

9.02 %

11.43 %

4292

12028*

Business Performance - Liabilities

Total Deposits

(` crore)

398328

7456

390872

408502

5305

403197

1 % YOY

399092

402297

2207

2670

396885

399627

2.2 % YOY

Dec-17

Mar-18

Sep-18

Dec-18

Domestic deposit

Overseas deposit

CASA Portfolio

CASA & Avg CASA (%)

135347

139241

140815

5.7 % YOY

143007

33.2

34.1

34.5

108575

114183

118424

119156

9.7 % YOY

26772

Dec-17

25058

Mar-18

22391

Sep-18

23851

Dec-18

Savings Deposit

Current Deposit

34.0

34.1

35.3

35.5

Dec-17

Mar-18

Sep-18

Dec-18

CASA (%)

Avg CASA %

Business Performance - Assets

Gross Advances

(` crore)

314474

313860

318563

317513

1 % YOY

281028

288336

302007

303330

7.9 % YOY

33446

Dec-17

25524

Mar-18

16556

Sep-18

14183

Dec-18

Domestic Advances

Overseas advances

Retail

22.1% YOY

Agriculture

6.8% YOY

MSME

5.6% YOY

46305

49446

51270

56524

47257

46340

45825

65936

66147

44232

63371

62648

Dec-17

Mar-18

Sep-18

Dec-18

Dec-17

Mar-18

Sep-18

Dec-18

Dec-17

Mar-18

Sep-18

Dec-18

Diversified Loan Portfolio - RAM

RAM* share (%) in Domestic advances

Retail

Dec-18

Sep-18

Mar-18

Dec-17

56.0

54.2

26.0

2.5

55.0

8.5

54.5

6.0

7.4

49.7

*Retail, Agriculture and MSME collectively called as “RAM sector”

Home

Vehicle

Education

Mortgage

Personal

Others

Diversified Loan Portfolio - RAM

Composition of Agri loan book(%)

Dec-17

Mar-18

Sep-18

Dec-18

Small & Marginal

Other Agri

Composition of MSME loan book(%)

Dec-17

Mar-18

Sep-18

Dec-18

Micro

Small

Medium

More than 62% of Agri. portfolio is for Small & Marginal farmers

76% of MSME portfolio is for MSE

Diversified Loan Portfolio-Industry Exposure

S No.

Sectors

(% Share in Domestic Advance)

Top Sector Exposure

Infrastructure

Trade

NBFCs and HFCs

w/w HFCs

Basic Metal Products

Construction

Food Processing

Textiles

All Engineering

Sep-18

Dec-18

` Crore

% Share

` Crore

% Share

50478

38082

35581

8920

13305

11853

9608

7621

6332

16.7

12.6

11.8

3.0

4.4

3.9

3.2

2.5

2.1

51611

39155

36297

12438

12492

12274

10486

7388

6297

17.0

12.9

12.0

4.1

4.0

3.5

2.4

2.1

Total

172860

57.2

188438

62.1

Investments

Global Investment (` Crore)

124436

126524

130063

121289

Dec-17

Mar-18

Sep-18

Dec-18

SLR(%)

Non-SLR(%)

Particulars (Domestic)

Sept 2018

Dec 2018

Duration (Years)

(` Crore)

Sep-18

Dec-18

Available for Sale

41818

36053

3.10

2.96

W/w SLR

NON SLR

17392

24426

12795

23258

3.53

2.70

3.16

2.80

Overseas Operations

Business from Overseas Operations

US $ in billion (` crore)

Dec 2017

Sep 2018

Dec 2018

Growth (%)

Y-o-Y (US$)

Y-o-Y (INR)

Total Business

Total Deposits

Total Advances

6.4 (40902)

1.2 (7456)

5.2 (33446)

*1US$ = ` 69.775 as on Dec 31, 2018 #1US$ = ` 63.875 as on Dec 31, 2017

2.6 (18764)

2.4 (16853)

-62.5

-58.8

0.3 (2207)

0.4 (2670)

-66.7

-64.2

2.3 (16556)

2.0 (14183)

-61.5

-57.6

Financial Inclusion

Progress under Pradhan Mantri Jan Dhan Yojana (PMJDY)

Parameters Villages covered No. of BCs Sub Service Areas Urban Wards Accounts opened till Dec 31, 2018 Deposits RuPay Cards issued Aadhar Seeding

Achievements of the Bank

18396 5407 5407 2581 94 Lakh ` 2110.9 Crore 47.91 Lakh 77.16 Lakh

Enrolments under social Security Scheme(as on December 31, 2018)...

Pradhan Mantri Suraksha Bima Yojana

Pradhan Mantri Jeevan Jyoti Bhima Yojana

Atal Pension Yojana

33.1 Lakh

14 Lakh

4.2 Lakh

Financial Inclusion

Total outstanding since inception under Mudra loan: ` 6708 crore

Progress under Mudra Yojana April to December 2018 (PMMY)

Category

Shishu (< ` 50k) Kishor (Above ` 50k-5 Lakh) Tarun (Above ` 5 Lakh-10 Lakh)

Total

No. of Accounts 23966 89404 14851 128221

Sanctioned Amount (` crore) 96 1914 1135 3145

Outstanding Amount (` crore) 76 1585 932 2593

Finance to Light Commercial Vehicle under PMMY April-December 2018

No. of Accounts

Sanctioned Amount (` crore)

26454

664

Statement of Assets & Liabilities

As at 31.12.17

As at 31.03.18

As at 30.09.18

As at 31.12.18

(` crore)

Growth (%)

Y-o-Y Q-o-Q

856

22331

1169

23928

1169

24243

1169

24390

398518

408501

399092

402297

44418

8296

45681

8127

44367

9349

38528

8824

474419

487406

478220

475208

36.6

9.2

0.9

0.0

0.6

0.8

-13.3

-13.2

6.4

0.2

-5.6

-0.6

LIABILITIES

Capital

Reserves and surplus

Deposits

Borrowings

Other Liabilities and Provisions

Total

ASSETS

Cash and Balances with Reserve Bank of India

19324

21016

18275

18399

-4.8

0.7

Balances with Banks and Money at call and Short Notice Investments

Advances

Fixed Assets

Other Assets

Total

18913

28425

15872

19911

5.3

25.4

122388

293669

3838

16287

123780

288761

3833

21591

127143

293011

3744

20175

118922

291890

3702

22383

474419

487406

478220

475208

-2.8

-0.6

-3.5

37.4

0.2

-6.5

-0.4

-1.1

10.9

-0.6

Business Performance

Financials

New Initiatives & Outcomes

Awards & Accolades

Table of Contents

Cost & Yield Ratio

Parameters

Dec-17 (Q3)

Sep-18 (Q2)

Dec-18 (Q3)

Dec-17 (9M)

Dec-18 (9M)

Domestic Global Domestic Global Domestic Global Domestic Global Domestic Global

Cost of Deposit

5.68

5.61

5.54

5.52

5.61

5.59

5.80

5.72

5.56

5.54

Cost of Funds

4.91

4.61

4.98

4.87

4.95

4.87

5.14

4.84

4.94

4.85

Yield on Advances

Yield on Investment

8.09

7.53

7.96

7.71

7.93

7.75

8.36

7.81

8.02

7.79

7.03

6.95

7.17

7.09

7.23

7.13

6.95

6.89

7.09

7.01

Yield on Funds

7.06

6.67

6.99

6.88

6.98

6.89

7.19

6.80

7.01

6.89

Movement of NIM & NII

(` crore)

4 3 . 2

3 2 . 2

9 9 . 1

9 . 1

8 1 . 2

3 2 . 2

2548

2494

2493

2193

Dec-17

Mar-18

Sep-18

Dec-18

NIM Domestic

NIM Global

Dec-17

Mar-18

Sep-18

Dec-18

Net Interest Income

2.23

2.13

2.25

2.22

7112

7613

9M FY 2018

9M FY 2019

9M FY 2018

9M FY 2019

NIM Domestic

NIM Global

Net Interest Income

Parameters

Dec-17 (Q3)

Mar-18 (Q4)

Sep-18

Dec-18 (Q3)

(Q2)

Operating Revenues

Growth (%) YoY

Growth (%) QoQ

9M FY18

9M FY19

Growth (%)

Interest Income

8260

8112

8539

8477

2.6

-0.7

24636

25717

4.4

Interest Expense

5712

5919

6045

5984

4.8

-1.0

17524

18104

3.3

Net Interest Income

2548

2193

2494

2493

-2.2

0.0

7112

7613

7.0

Non-Interest Income

873

1485

899

1095

25.4

21.8

3505

3202

-8.6

Total Income

9133

9597

9438

9572

4.8

1.4

28141

28919

2.8

Operating Expenses

1767

1788

1621

1838

4.0

13.4

4967

5204

4.8

Total Expenses

7479

7707

7666

7822

4.6

2.0

22491

23308

3.6

Non Interest Income

Parameters

Dec-17 (Q3)

Mar-18 (Q4)

Sep-18 (Q2)

Dec-18 (Q3)

Growth (%) YOY

Growth (%) QOQ

9M FY18

9M FY19

Growth (%)

a. Core Non Interest Income

597

1127

641

660

10.6

3.0

1752

2009

14.7

b. Treasury Income

155

277

153

191

23.2

24.8

1557

632

-59.4

W/w 

Profit on Sale of Investments

132

110

1733.3

34.1

1135

385

-66.1



Exchange Profit

150

145

-46.0

14.1

423

247

-41.6

c. Recovery in Written off Accounts

121

105

244

101.7

132.4

195

561

187.7

Total

873

1485

899

1095

25.4

21.8

3505

3202

-8.6

Operating Profit

(` crore)

Operating Profit(Quarterly)

1890

1654

1772

1750

Dec-17

Mar-18

Sep-18

Dec-18

Operating Profit (9 Months)

5650

5611

9M FY18

9M FY19

Provisions

(` crore)

Parameters

9M FY18 9M FY19

Dec-17

Mar-18

Sep-18

Dec-18

(Q3)

(Q4)

(Q2)

(Q3)

NPAs

2521

5639

1710

2139

7861

5652

Standard Assets

Depreciation on Investment

Shifting Loss

Restructured Advances

110

700

-1

-183

-229

-737

116

1120

146

-551

440

-378

Others (FITL etc)

-76

-171

-42

-20

367

411

-52

-254

-126

-44

-199

-312

Taxation

Total

-350

-1195

-23

2904

4473

1633

1597

8314

5189

Net profit(Quarterly)

139

Net Profit

(` crore)

153

Dec-17

-1250

Mar-18

Sep-18

Dec-18

-2583

Net Profit(9 Months)

422

9M/FY19

9M/FY18

-2664

9M/FY18

9M/FY19

Efficiency/Profitability Ratios

Return on Avg. Assets (%)

Cost to Income(%)

0.12

0.11

51.6

51.2

47.8

46.8

48.1

Dec-17 (Q3)

Sep-18 (Q2)

Dec-18 (Q3)

9M FY 18

9M FY 19

-1.01

-0.74

S. No.

Efficiency Parameters

Dec-17 (Q3)

Mar-18 (Q4)

Sep-18 (Q2)

Dec-18 (Q3)

9M FY 2018

9M FY 2019

Return on Equity (%)

-28.08

-55.92

3.11

3.48

-19.95

3.20

Book Value Per Share

236.89

211.66

153.09

150.52

248.29

150.52

Earnings per share

-22.17

-29.59

4.76

5.24

-49.53

4.81

Efficiency Ratios

Sn.

Profitability Parameters

Dec-17 (Q3)

Mar-18 (Q4)

Sep-18 (Q2)

Dec-18 (Q3)

9M FY 18

9M FY 19

Business per Branch

Business per employee

Gross Profit per Branch

Gross Profit per Employee

Net Profit per Branch

Net Profit per Employee

` crore

165.9

167.9

166.8

167.7

165.9

167.7

` crore

18.8

19.2

18.3

19.1

18.8

19.1

` crore

1.5

1.8

1.6

1.8

1.7

` lacs

17.4

20.1

18.7

18.6

19.8

` lacs

-116

-240.3

12.9

14.3

-82.6

13.1

` lacs

-13.1

-27.5

1.5

1.6

-9.3

1.5

Asset Quality: Movement in Non Performing Assets

Parameters

Dec-17 (Q3)

Mar-18 (Q4)

Sep-18 (Q2)

Dec-18 (Q3)

Gross NPAs - Opening

38286

40988

50973

50157

Add : Additions

Less : Reductions

1. Recoveries

2. Up-gradation

3. Write Off

Gross NPAs- Closing

Gross NPA (%)

Net NPA

Net NPA (%)

4187

1485

636

794

10043

1661

387

1233

40988

49370

13.03

15.73

20428

24326

6.96

8.42

Provision Coverage Ratio(%)

57.12

57.16

Tangible PCR(%)

Credit Cost (%)

50.16

50.73

3.23

7.18

2667

3483

1208

407

1868

50157

15.74

24657

8.42

57.66

50.84

2.15

2983

3427

1287

510

1630

49713

15.66

24142

8.27

58.84

51.44

2.69

(` crore)

9M FY 19

49370

10302

9959

3747

1288

4924

49713

15.66

24142

8.27

58.84

51.44

2.39

9M FY 18

33712

11326

4050

1448

358

2244

40988

13.03

20428

6.96

57.12

50.16

3.40

Asset Quality: Sectoral

Sectors

Slippages During Q3 FY 19

NPAs Dec 2018

(` crore)

Sectoral NPA %

Dec-17

Sep-18

Dec-18

Retail Loans

Agriculture

Micro & Small (MSE)

Medium & Large

Total

268

578

557

1580

2983

1261

2.33

2.49

2.23

3642

6.06

7.62

7.71

6103

11.02

12.21

12.19

38707

18.15

22.82

26.22

49713

13.03

15.74

15.66

Asset Quality: Sectoral

Scheme

5:25

SDR

S4A

*Account is Non-Fund Based

Standard as on Sep 2018

Standard as on Dec 2018

Account

Amount (Rs. in crore)

Account

Amount (Rs. in crore)

3452

122

3452

S.N.

Sector #

Outstanding

NPA

Std. Restructured NPA + Std. Restructured (%)

Infrastructure

Power

Roads

Iron & Steel

Textiles

3 #Domestic

51611

23837

7488

9783

7388

10928

5673

1956

4816

1910

882

172

688

22.9

24.5

35.3

49.5

25.8

Particulars (percent to Gross Advances)

Dec-17

Sep-18

Dec-18

Standard Restructured

Impaired Assets Ratio (GNPA + Standard Res)

Net Impaired Assets Ratio (NNPA + Standard Res)

1.19

14.22

7.68

0.41

16.1

8.1

0.36

16.0

7.96

Asset Quality - NCLT I & II

Provision fully provided to Accounts referred to NCLT under IBC 2016

(` crore)

list

Total

Exposure to number of accounts referred under IBC (as per RBI list)

Loan Outstanding as of Dec 31, 2018

6004

3692

9696

Total Provisions held upto Dec 31, 2018

3791

2690

6481

Provision Coverage Ratio as of Dec 31, 2018

63%

73%

67%

Basel III : Capital Adequacy

Capital Adequacy Ratio

RWA Optimization

11.37

2.72

11.50

2.43

11.55

2.52

11.43

2.42

91.2

87.3

86.0

8.65

9.07

9.02

58.7

58.1

58.2

57.4

Dec-17

Mar-18

Sep-18

Dec-18

Mar-18

Jun-18

Sep-18

Dec-18

Tier I

Tier II

CRAR

RWA to Advance

RWA to Assets

Particulars

Risk Weighted Assets

Capital Funds

CRAR-BASEL III ( % )

TIER 1 (%)

CET 1 (%)

Dec-17

290276

32996

11.37

8.65

7.18

Mar-18

286343

32939

11.50

9.07

7.60

Sep-18

278172

32119

11.55

9.02

7.54

(` crore)

Dec-18

272974

31213

11.43

9.02

7.50

Dec-18

7.97%

19.55%

5.05%

Govt. of India

FIIs

DIIs

Public & others

67.43%

Shareholding Pattern

Share Capital

` 1168.5 crore

No. of Equity Shares

116.85 crore

Net Worth

` 17590 crore

Market Cap

` 10038 crore

Extensive & specialized distribution network

Jammu & Kashmir (13) (15)

Chandigarh (10) (20)

Punjab (140) (159)

Haryana (110) (132)

Himachal Pradesh (20) (27)

Arunachal Pradesh (1) (1)

Meghalaya (5) (5)

Uttarakhand (84) (118)

Delhi (95) (240)

Sikkim (8) (7)

Rajasthan (144) (134)

Uttar Pradesh (935) (1244)

Bihar (163) (178)

Assam (69) (89)

Gujarat (270) (363)

Madhya Pradesh (288) (538)

Jharkhand (86) (89)

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

Mizoram (1) (2)

Odisha (135) (129)

West Bengal (185) (336)

Tripura (7) (10)

Dadra, Nagar Haveli (1) (2)

Daman & Diu (1) (2)

Maharashtra (510) (1243)

Telangana (82) (151)

Andhra Pradesh (187) (215)

Goa (15) (18)

Karnataka (164) (321)

Kerala (251) (342)

Tamil Nadu (237) (385)

Branch Distribution by Urbanization

METRO 21%

RURAL 29%

URBAN 20%

SEMI- URBAN 30%

59% branches in rural/semi-urban markets

Branch Distribution by Geography

Western 19%

Southern 22%

Northern 12%

Central 32%

Eastern 13%

Geographical diversification minimizes regional risks

N. Eastern 2%

Andaman & Nicobar (1) (1)

Pondicherry (4) (5)

 Extensive network across India

 Overseas branches in Hong Kong, Sydney, Dubai and Antwerp, in addition to

representative offices in Abu Dhabi

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

Ltd.

# Domestic Branches (4,288)

# ATMS (6621) # Micro-ATMS (5407)

 The Bank has 27 extension counters, 59 satellite offices and 48 service branches in

addition to its regular bank branches as of Dec 31, 2018.

Business Performance

Financials

New Initiatives & Outcomes

Awards & Accolades

Table of Contents

New Initiatives & Outcomes

IFBs

MCBs

SARALs

SARAL Lite

ULPs

USKs

IFBs & MCBs for corporate loans

Revamped MSME loan processing centre

Revamped Retail loan processing centre

USKs for Rural & Semi Urban loans

Leveraging analytics for detection of early signals of stress

Faster resolution through automatic & robust mechanism

Using technology tools for recovery

50 CAG Centres

y g o l o n h c e T g n i g a r e v e L

s e v i t a i t i n

c i g e t a r t S

Credit Centralization

Monitoring & Recovery

Customer Acquisition

Leveraging alternate channels for new business

Dedicated marketing teams for assets & liability products

Note: ULP = Union Loan Point ; USK = Union Samridhi Kendra; MCB = Mid-Corporate Branch; IFB = Industrial Finance Branch

New Initiatives & Outcomes

More than 70% of Credit Appraisal centralized

Structural Development: Creation of Centralized Processing Centres (CPCs)

Particulars

No of Units (Mar-18)

No. of Units (Dec-18)

Sectors covered

ULP

USK

SARAL

MCB

IFB

Retail (Housing and Mortgage Loan)

Retail, Agriculture and MSME

MSME, Agriculture (selected segment)

Mid Corporate

Large Corporate

Centralization in credit appraisals

% of credit proposals underwritten at CPCs

Retail

Agriculture

LC & MSME

Total

Dec-17

Dec-18

Efficient Rural Lending….. Hub and spoke model to reach borrowers in Rural and Semi-Urban areas…

New Initiatives & Outcomes

Process flow

Infrastructure Set-up

Agriculture

Officers

•Banking

Correspondent

reaching to borrowers;

points

activated

for

capturing their data /

referral/lead generation/

documents real time on

Recovery.

tab; Geo Tagging the

•Partnerships with farmer

land;

Information

touch points like fertilizer

reaching real

time to

traders, exporters,

farm

USKs (Hub); Processing

equipment traders, Agro

done and sent to nearby

based

industries,

cold

branch

(Spoke)

storage, Warehouses

borrower;

disbursed.

Loan

etc

•Digi

Cash

Points

established for facilitating

small value cash payments

without

visiting

the

branch

Outcome*

•95% of proposals of

branches linked to USKs

are processed at USKs.

•98% of

the

eligible

cases

are

submitted

through Tab.

•21% of

accounts &

amount

sanctioned by

USKs are sourced from

BCs & partnership tie-

ups.

•Out of the total

loan

sanctioned, 24% are not

agriculture advances.

*For the USKs that have completed one year

Improving Quality of Advances…..

Rated Advances - Lending to higher rated borrowers…

Improving rating profile of New Retail loans sanctioned

Retail CIBIL Rating Profile

New Initiatives & Outcomes

Rating Matrix of Outstanding Corporate Loans

26.2

15.5

58.3

18.9

15.3

65.8

Mar-17

Dec-18

A & Above

BBB

BB & Below

FY16-17

9MFY19

Below 700

700-750

750 & Above

Exposure to NBFCs-Lending to higher-rated NBFCs

% of advances - Rating wise (Dec-18)

2.0

98.0

NBFC

0.6

99.4

HFC

A & Above

BBB

New Initiatives & Outcomes

Early Warning Signals (EWS)

Early Warning Indicators to mitigate credit risk...... Logistic regression equation and derived coefficients created to predict the riskiness of the customer

The EWS model identified 8 major contributors to predict propensity of slippage from ~200+ derived trigger variables

2.8 %

Status update of EWS A/c‟s As of Dec-18 identified in Apr-18

21.2 %

28.5 %

Upgraded

EWS

SMA

NPA

47.5 %

Key Triggers for Identification of Accounts

Resolutions of EWS Accounts

 Excess over limit  Days past due  Transactions in account  Utilization of Limit  Incident of Cheque Bouncing  Relationship with the Bank

 Close Monitoring of identified accounts  Re-visiting limits  Enhanced due-diligence  Explore possibility of Exit option

Digital Deepening across business lines…

New Initiatives & Outcomes

New

Transaction

New mobile banking app

Rupay qSPARC Debit Card

Union Combo Card

Business Acquisition

CASA Acquisition Tab

USK Loan Processing : Real Time Data Capture

USK Loan Processing Tab

Union Mudra Portal

OTS Calculator

Recovery App

Customer Care

Chatbot

U Control

mPassBook

Business Performance

Financials

New Initiatives & Outcomes

Awards & Accolades

Table of Contents

Awards

ASSOCHAM SMEs Excellence Awards

•“Best SME offering” – Innovative Financial Solutions for MSMEs

SKOCH Awards

•SKOCH Gold Award – Banking & Finance Gold for Technology – Strategic Transformation (Union Samriddhi Kendra Model)

•SKOCH Gold Award – Cyber Security Gold for Governance Risk Management and Compliance tool

•SKOCH “Order of Merit” – Technology: Strategic Transformation & Financial Inclusion initiatives under Top Banking & Finance Project in India

•SKOCH “Order of Merit” – SIEM Tool, Governance Risk Management

•SKOCH “Order of Merit” – Compliance tool & Anti DDOS Solution under Top Cyber Security projects in India

•SKOCH “Order of Merit” – For Financial Inclusion Initiative

Vigilance Excellence Award

•“Vigilance Excellence Award” – for outstanding performance in conduct of Vigilance Awareness activities

Disclaimer

such

which

These

words

phrases

statements

forward-looking

information contained herein, statements in this Except for the historical presentation as contain “is”, “aims”, „will‟, „would‟, „indicating‟, „expected to‟ etc., and similar expressions or variations of such expressions may constitute „forward-looking of statements‟. 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 implementation and changes, the allowance for credit losses, technological 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.

number

involve

Investor queries: investor.relations@unionbankofindia.com

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