UNIONBANKNSE10 February 2020

Union Bank of India has informed the Exchange regarding Investor Presentation

Union Bank of India

Ref: ISDll9-201359

February 10, 2020

The Deputy General Manager, Corporate Relationships Dept. BSE Ltd. Phiroze Jeejeebhoy ~owers, Dalal Street, Mumbai-400 001. Scrip Code 532 477

Madam /Sir,

The Deputy General Manager, Listing Dept. National Stock Exchange of India Ltd. Exchange PLaza, Plot No,C/I, G Block Bandra-Kurla Complex, Bandra (E), Mumbai-400 051 . Scrip SymbollSeries-UNIOWBANK-EQ

Subject: Presentation on Financial Results of the Bank for the Quarterlperiod ended on

December 3 1, 201 9

Pursuant t o Regulation 30 read with point 15 of Para A of Part A of Schedule Ill and Regulation 46(2)(0) of SEBl (Listing Regulations and Disclosure Requirements) Regulations, 201 5, we hereby submit the Presentation on Reviewed (Unaudited) Financial results of the Bank for the Quarterlperiod ended December 31, 2019.

Presentation i s also made available on our Bank's website under the following Link - http: //www.unionbankofindia.co.in/english/financial-result.aspx

The above is for your information and record.

Thanking you.

Yours faithfully,

(Mangesh Mandre kar) Company Secretary

Encl: As above.

00 Union Bank f&hm m, a v f h a ~ , 12' m, q@m &K SVX, 239 b SVX d, a%%~ *, @ - 400021. Investor Services Division, Board Secretariat, 12h Floor, Union Bank Bhavan, 239,Vidhan Bhavan Marg, ~arirnan Point, Murnbai - 400021. T: + 91 22 2289 6636143, F: +91 22 2202 5238, Email: investrnemces@unionbankofindia.com

of lndia

Financial Results Q3FY20/9MFY20

Please follow us on:

February 10, 2020

@unionbankofindia

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UnionBankInsta

UnionBankofIndiaUtube

UnionBankofIndia

Business Performance

Financials

Strategic Initiatives - Outcome

Digital Banking

Group Entities

Table of Contents

Performance Highlight – Q3FY20

Key Parameters (YoY Growth)

Key Ratios

Total Business Rs. 781155 cr

Gross Advance Rs. 336064 cr

Total Deposit Rs. 445091 cr

Net Profit Rs. 575 cr

RONW 7.90%

Capital Adequacy (Basel III)

Improving Asset Quality

CRAR 14.71%

NNPA 6.99%

Total Deposit

402297

2670

399627

415915

2816

413099

Business Performance - Liabilities

442879

3435

445091

3541

(` crore)

10.6 % YOY

439444

441550

10.5% YOY

Dec-18

Mar-19

Sep-19

Dec-19

Domestic deposit

Overseas deposit

34.7%

35.5%

CASA Portfolio 34.7% 34.2%

36.1%

33.8%

34.1%

34.4%

143007

150141

149832

153115

119156

123628

125380

127421

23851

26513

24452

25694

Dec-18

Mar-19

Sep-19

Dec-19

Current Deposit

Savings Deposit

CASA(%)

Avg. CASA%

7.1 % YOY

6.9 % YOY

CASA+Retail TD as % of Total Domestic Deposit as of Dec-2019

76.3

23.7

CASA+RTD(< 2 crore)

Term Deposit(=>2 crore)

Proportion of Gross Advance - Dec19

20.7%

18.5%

46.2%

Business Performance - Assets

Gross Advances

(` crore)

325392

327057

14460

17608

336064

19156

5.8 % YOY

310932

309449

316908

4.5 % YOY

317513

14183

303330

14.6%

Dec-18

Mar-19

Sep-19

Dec-19

Corporate & Others

Agriculture

Retail MSME

Overseas advances Domestic Advances

Retail

10.0% YOY

Agriculture

3.9% YOY

MSME

5.3% YOY

56524

57092

59335

62186

47257

48971

48206

49117

66147

67174

68888

69685

Dec-18

Mar-19

Sep-19

Dec-19

Dec-18

Mar-19

Sep-19

Dec-19

Dec-18

Mar-19

Sep-19

Dec-19

Diversified Loan Portfolio - RAM

RAM* share (%) in Domestic advances

Retail

56.0

55.7

57.0

57.1

46.7

29.1

3.7

7.6

5.8

7.1

Dec-18

Mar-19

Sep-19

Dec-19

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

Home

Education

Personal

Vehicle

Mortgage

Others (incl. HFC+Staff loans)

Diversified Loan Portfolio - RAM

Composition of Agri loan book(%)

Dec-18

Mar-19

Sep-19

Dec - 19

More than 63% of Agri. portfolio is for Small & Marginal farmers

Small & Marginal

Other Agri

Composition of MSME loan book(%)

Dec-18

Mar-19

Sep-19

Dec - 19

Micro

Small

Medium

76% of MSME portfolio is MSE

Diversified Loan Portfolio-Industry Exposure

S No.

Sectors

(% Share in Domestic Advance)

Top Sector Exposure

Infrastructure

2 NBFCs and HFCs

w/w HFCs

Trade

Basic Metal Products

Construction

Food Processing

Textiles

8 All Engineering

Sep-19

Dec-19

` Crore

% Share

` Crore

% Share

53367

43747

14491

37329

12134

10864

9575

7056

5417

17.2

14.1

4.7

12.1

3.9

3.5

3.1

2.3

1.8

52270

46687

17081

38909

11189

10126

10668

7115

5668

16.5

14.7

5.4

12.3

3.5

3.2

3.4

2.3

1.8

Total

179489

58.0

182632

57.6

Total FB O/s NBFCs –46687 cr w/w HFCs – 17081 cr

Quality of Standard Assets-NBFC

Comapnies Backed by Govt/PSUs

17.27%

Pvt Sector Companies

82.73%

NBFC Portfolio

NBFC Asset Quality

6.00%

94.00%

Standard Asset

NPA

% of Std advances - Rating wise (Dec-19)

0.9

3.0

0.3

0.7

96.1

NBFC (excl HFC)

99.1

HFC

A & Above

BBB

Below BBB

Investments

Global Investment (` Crore)

121289

126432

170781

162598

Dec-18

Mar-19

Sep-19

Dec-19

Non-SLR(%)

SLR(%)

Particulars (Domestic)

Sep 2019

Dec 2019

Duration (Years)

(` Crore)

Sep-19

Dec-19

Available for Sale

59445

W/w SLR

37641

NON SLR

21804

50765

29879

20886

2.74

2.72

3.22

3.40

2.87

Overseas Operations

Business from Overseas Operations

US $ in billion (` crore)

Dec 2018

Sep 2019

Dec 2019

Growth (%)

Y-o-Y (US$)

Y-o-Y (INR)

Total Business

Total Deposits

Total Advances

2.4 (16853)

0.4 (2670)

2.0 (14183)

*1US$ = ` 69.775 as on Dec 31, 2018 #1US$ = ` 71.385 as on Dec 31, 2019

2.9 (21043)

3.2 (22697)

33.3

34.7

0.4 (3435)

0.5 (3541)

25.0

32.6

2.4 (17608)

2.68 (19156)

34.0

35.1

Total PMJDY Accounts (no. in Lacs)

107

110

2111

Financial Inclusion

Balance in PMJDY A/Cs (Rs. in Crs)

2404

2453

2665

Dec-18

Mar-19

Sep-19

Dec-19

Dec-18

Mar-19

Sep-19

Dec-19

Micro Insurance & APY - Fresh Enrolments (In Lacs)

5.18

2.19

2.07

0.62

0.46

0.23

0.81

0.47

0.6

0.47

0.51

Dec-18

Mar-19

Sep-19

Dec-19

PMJJY

PMSBY

APY

Terminal Figures – Dec 19 (in Lacs)

• PMJJBY – 14.63 • PMSBY – 39.51 • APY – 6.32

Progress under Government Initiatives

Total outstanding under Mudra loan: ` 7393 crore

Progress under Mudra Yojana April to December 2019 (PMMY)

Category

Shishu (< 50k)

No. of Accounts 44232

Sanctioned Amount (` crore) 86

Outstanding Amount (` crore) 62

Kishor (Above 50k-5 Lacs)

Tarun (Above 5 Lacs-10 Lacs)

Total

71325

13617

129174

1523

1063

2672

1263

865

2190

Key Highlights of performance in TReDS

Crossed `1000 cr. of bill discounting on Nov 06, 2019 Total bill discounting upto Dec-2019 stood at ` 1223.96 cr. Presence in all 3 TReDS platforms

Key Highlights of performance under psbloansin59minutes.com

Since inception upto Dec 2019, total 5887 applications have been sanctioned aggregating to ` 2692.31 cr.

Total applications sanctioned to total received during Q3FY20 stood at 68.21%

Statement of Assets & Liabilities

As at 31.12.18

As at 31.03.19

As at 30.09.19

As at 31.12.19

(` crore)

Growth (%)

Y-o-Y Q-o-Q

1169

24390

1763

24724

1763

23635

11768

3423

34241

402297

415915

442879

445091

38528

8824

42864

8773

40691

11260

36572

10625

475208

494039

531996

529951

193%

40%

11%

-5%

20%

12%

94%

45%

-10%

-6%

-0.4%

LIABILITIES

Capital

Reserves and surplus

Share application

Deposits

Borrowings

Other Liabilities and Provisions

Total

ASSETS

Cash and Balances with Reserve Bank of India

18399

20796

20090

21104

15%

Balances with Banks and Money at call and Short Notice Investments

Advances

Fixed Assets

Other Assets

Total

19911

22250

17034

13501

-32%

-21%

118922

291890

3702

22383

126047

296932

3762

24252

168714

297914

3763

24481

160266

307566

3727

23787

35%

-5%

-1%

-3%

475208

494039

531996

529951

12%

-0.4%

Business Performance

Financials

Strategic Initiatives - Outcome

Digital Banking

Group Entities

Table of Contents

Cost & Yield Ratio

Parameters

Dec-18 (Q3)

Sep-19 (Q2)

Dec-19 (Q3)

Dec-18 (9M)

Dec-19 (9M)

Domestic Global Domestic Global Domestic Global Domestic Global Domestic Global

Cost of Deposit

5.61

5.59

5.68

5.66

5.55

5.53

5.56

5.54

5.62

5.60

Cost of Funds

4.95

4.87

4.79

4.76

4.75

4.69

4.94

4.85

4.84

4.80

Yield on Advances

Yield on Investment

7.93

7.75

8.10

7.89

8.25

8.01

8.02

7.79

8.11

7.90

7.23

7.13

7.08

7.03

6.79

6.73

7.09

7.01

6.91

6.86

Yield on Funds

6.98

6.89

7.00

6.89

7.08

6.95

7.01

6.89

7.02

6.92

NIM Quarterly (on Avg. Earning Assets)

2.23

2.38

2.27

2.44

2.35

2.55

2.47

Movement of NIM

NIM Quarterly (on AEA excl.GNPA)

2.51

2.54

2.61

2.74

Dec-18

Mar-19

Sep-19

Dec-19

Dec-18

Mar-19

Sep-19

Dec-19

NIM Domestic

NIM Global

Global

NIM (9M) (on Avg. Earning Assets)

2.25

2.22

2.39

2.32

NIM (9M) (on AEA excl.GNPA)

2.58

2.49

9M FY 2019

9MFY 2020

9M FY 2019

9M FY 2020

NIM Domestic

NIM Global

Global

Net Interest Income

Quarterly

(` crore)

2493

2602

2906

3134

Dec-18

Mar-19

Sep-19

Dec-19

7613

8559

9M FY 2019

9M FY 2020

25.7% YoY

12.42% YoY

Operating Revenues

Parameters

Dec-18 (Q3)

Mar-19 (Q4)

Sep-19 (Q2)

Dec-19 (Q3)

Growth (%) YoY

Growth (%) QoQ

9M FY 19

9M FY 20

Growth (%)

Interest Income

8477

8349

9414

9630

13.60

2.29

25717

27942

8.65

Interest Expense

5984

5748

6508

6496

8.56

-0.18

18104

19383

7.07

Net Interest Income

2493

2602

2906

3134

25.70

7.83

7613

8559

12.42

Non-Interest Income

1095

1272

1142

1112

1.53

-2.61

3202

3243

1.29

Total Income

9572

9621

10556

10741

12.22

1.76

28919

31185

7.84

Operating Expenses

1778

2143

1809

1843

3.65

1.90

5024

5273

4.95

Total Expenses

7762

7891

8316

8339

7.44

0.28

23128

24656

6.61

Non Interest Income

Parameters

Dec-18 (Q3)

Mar-19 (Q4)

Sep-19 (Q2)

Dec-19 (Q3)

Growth (%) YoY

Growth (%) QoQ

9M FY 19

9M FY 20

Growth (%)

a. Core Non Interest Income

660

867

605

648

-1.79

7.13

2009

1753

-12.74

b. Treasury Income

W/w 

Profit on Sale of Investments



Exchange Profit

c. Recovery in Written off Accounts

191

110

244

266

379

135

-29.30

-64.35

632

860

35.94

188

292

-24.88

-71.79

385

630

63.51

-35.25

-39.33

247

230

-7.03

138

158

328

34.45

106.85

561

631

12.39

Total

1095

1271

1143

1112

1.47

-2.76

3202

3243

1.27

Operating Profit

Operating Profit(Quarterly)

(` crore)

1810

1730

2240

2402

32.71% YoY

Dec-18

Mar-19

Sep-19

Dec-19

Operating Profit (9 Months)

5791

6528

12.74% YoY

9M FY 2019

9MFY 2020

Provisions

Parameters

Dec-18

Mar-19

Sep-19

Dec-19

(Q3)

(Q4)

(Q2)

(Q3)

(` crore)

9M FY19

9M FY20

NPAs

2139

5783

3328

1570

5652

6329

Standard Assets

570

-255

116

Depreciation on Investment

-551

-26

-91

265

-378

217

253

Shifting Loss

Restructured Advances

Others (FITL etc)

Taxation

Total

-20

-102

-21

411

-26

265

-254

134

-22

416

-667

-425

-312

-274

1657

5100

3434

1827

5369

6923

Net Profit

Net profit(Quarterly)

(` crore)

153

Dec-18

Mar-19

-3370

Sep-19

-1194

Net Profit(9M)

422

9M FY 2019

575

Dec-19

9MFY 2020

-395

Efficiency/Profitability Ratios

Return on Avg. Assets (%)

Cost to Income(%)

0.41

55.3

49.6

44.7

43.4

46.5

44.7

0.12

0.11

Dec-18 (Q3)

Mar-19 (Q4)

Sep-19 (Q2) -0.87

Dec-19 (Q3)

-2.71

9M FY 19 9M FY20

-0.10

Dec-18 (Q3)

Mar-19 (Q4)

Sep-19 (Q2)

Dec-19 (Q3)

9M FY 19

9M FY20

S. No.

Efficiency Parameters

Dec-18 (Q3)

Mar-19 (Q4)

Sep-19 (Q2)

Dec-19 (Q3)

9M FY 2019

9M FY 2020

Return on Equity* (%)

3.48

-71.21

-16.54

7.84

3.20

-1.79

Book Value Per Share

150.52

107.36

96.94

85.67

150.52

85.67

Earnings per share

5.24

-28.19

-27.08

9.82

4.81

-2.69

*Annualized

Efficiency Ratios

Sn.

Profitability Parameters

Dec-18 (Q3)

Mar-19 (Q4)

Sep-19 (Q2)

Dec-19 (Q3)

9M FY 19

9M FY 20

Business per Branch

Business per employee

Gross Profit per Branch

Gross Profit per Employee

` crore

167.71

172.7

179.68

182.30

167.71

182.30

` crore

19.09

19.9

20.30

20.78

19.09

20.78

` crore

1.69

1.6

2.09

2.24

1.80

2.03

` lacs

19.21

18.6

23.63

25.56

20.49

23.16

Asset Quality: Movement in Non Performing Assets

Parameters

Dec-18 (Q3)

Mar-19 (Q4)

Sep-19 (Q2)

Dec-19 (Q3)

Gross NPAs - Opening

50157

49713

48812

49850

Add : Additions

Less: Reductions

1. Recoveries

2. Up-gradation

3. Write Off

Gross NPAs- Closing

Gross NPA (%)

Net NPA

Net NPA (%)

2983

3427

1287

510

1630

3275

4259

762

650

2847

49713

48729

15.66

14.98

24142

20332

8.27

6.85

Provision Coverage Ratio (%)

58.84

66.24

Tangible PCR (%)

Credit Cost (%)

51.44

58.27

2.69

7.20

4219

3181

624

679

1878

49850

15.24

20791

6.98

67.75

58.29

4.11

5112

5038

2255

582

2201

49924

14.86

21511

6.99

67.42

56.91

1.89

(` crore)

9M FY 20

48729

12421

11226

3361

1549

6316

49924

14.86

21511

6.99

67.42

56.91

2.55

9M FY 19

49370

10302

9959

3747

1288

4924

49713

15.66

24142

8.27

58.84

51.44

2.39

Asset Quality: Sectoral

Sectors

Slippages During Q3 FY 20

NPAs Dec 2019

(` crore)

Sectoral NPA %

Dec-18

Sep-19

Dec-19

Retail Loans

Agriculture

Micro & Small (MSE)

Medium & Large

259

714

1121

3018

1641

2.23

2.76

2.64

5824

7.71

11.32

11.86

7673

12.19

13.4

14.57

34786

26.22

23.6

22.74

Total

5112

49924

15.66

15.24

14.86

Asset Quality: Sectoral

Scheme

5:25

SDR

S4A

*Account is Non-Fund Based

Standard as on Sep 2019

Standard as on Dec 2019

Account

Amount (Rs. in crore)

Account

Amount (Rs. in crore)

2860

S.N.

Sector #

Outstanding

NPA

Std. Restructured NPA + Std. Restructured (%)

Infrastructure

Power

Roads

Iron & Steel

Textiles

3 #Domestic

52270

24503

8731

8873

7115

10214

5738

2561

3448

2121

922

256

629

108

21.30

24.46

36.54

40.08

30.29

Particulars (percent to Gross Advances)

Dec-18

Sep-19

Dec-19

Standard Restructured

Impaired Assets Ratio (GNPA + Standard Res)

Net Impaired Assets Ratio (NNPA + Standard Res)

0.36

16.00

7.96

0.50

15.70

6.9

0.62

15.47

7.01

RBI List 1 O/s

Rs. 4318 cr (7 A/c)

RBI List 2 O/s

Rs. 3390 cr (15 A/c)

Others - Admitted

Rs. 17477 cr (173 A/c)

Total

Rs. 25185 cr (195 A/c)

Status of NCLT Accounts

PCR on NCLT Accounts

96%

83%

68%

75%

RBI List I

RBI List II

Others

Total

31213

272974

11.43

7.50

9.02

Dec-18

CET-1

32796

278344

11.78

8.02

9.48

Mar-19

Tier I

Basel III : Capital Adequacy

44160

291613

15.14

11.46

12.83

Sep-19

43961

298802

14.71

11.35

12.69

Dec-19

CRAR

RWA

Capital funds

RWA Optimization

86.0

85.5

89.2

88.9

57.4

Dec-18

56.3

Mar-19

54.8

Sep-19

56.4

Dec-19

RWA to Advance

RWA to Assets

December-19

5.47%

6.40%

1.38%

Shareholding Pattern

Share Capital

` 3423 crore

Govt. of India

FIIs

DIIs

Public & others

No. of Equity Shares

` 342.28 crore

Net Worth

` 29324 crore

86.75%

Market Cap

` 18757 crore

Extensive & specialized distribution network

Jammu & Kashmir (13) (15)

Chandigarh (10) (20)

Punjab (140) (140)

Haryana (110) (125)

Himachal Pradesh (20) (24)

Arunachal Pradesh (1) (1)

Meghalaya (5) (5)

Uttarakhand (84) (120)

Delhi (95) (230)

Sikkim (8) (7)

Rajasthan (144) (162)

Uttar Pradesh (934) (1354)

Bihar (161) (171)

Assam (69) (88)

Gujarat (270) (394)

Madhya Pradesh (288) (486)

Jharkhand (87) (96)

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

Mizoram (1) (2)

Odisha (136) (144)

West Bengal (185) (373)

Tripura (7) (10)

Dadra, Nagar Haveli (1) (2)

Daman & Diu (1) (2)

Maharashtra (505) (1236)

Telangana (82) (123)

Andhra Pradesh (187) (209)

Goa (15) (7)

Karnataka (164) (306)

Kerala (251) (338)

Tamil Nadu (237) (380)

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%

N. Eastern 2%

Andaman & Nicobar (1) (1)

Pondicherry (4) (6)

Geographical diversification minimizes regional risks

 Extensive network across India

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

office in Abu Dhabi

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

Ltd.

# Domestic Branches (4,282)

# ATMS (6686) # Micro-ATMS (5586)

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

addition to its regular bank branches as of December 31,2019.

Business Performance

Financials

Strategic Initiatives - Outcome

Digital Banking

Group Entities

Table of Contents

Strategic Initiatives - Outcome

More than 75% of Credit Appraisal centralized

Structural Development: Creation of Centralized Processing Centres (CPCs)

Particular s

No of Units (Mar-19)

No. of Units (Dec-19)

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-19

Strategic Initiatives –Outcome

Rated Advances - Lending to higher rated borrowers…

Maintained rating profile of new retail loans sanctioned

Rating Matrix of Outstanding Corporate Loans (> `5 crore)

Retail CIBIL Rating Profile

`142547

` 171428

` in crore

Mar-17

Dec-19

A & Above

BBB

BB & Below

FY 17

9MFY20

750 & Above

700-750

Below 700

Business Performance

Financials

Strategic Initiatives - Outcome

Digital Banking

Group Entities

Table of Contents

Customer Delight – EASE of Banking

Mobile Banking Reinvented-New features added:

ATM GEO LOCATOR – provides real time status of active ATMs within three different distance range, (0- 3km), (3-5km) and (5-10km).

QUICK FUNDS TRANSFER - allows a user to transfer funds up to Rs5000/- per day within and outside bank without registration of payee.

GREEN PIN GENERATION - Umobile app enables the new as well as existing debit card holder to generate Green PIN through Umobile app. Customer need not to visit the ATM for generation of the same.

BBPS IN UMOBILE - BBPS facility allows customers to fetch the outstanding amount of bill under various categories of utility payments and allows for making payments of the pending bill amount.

new

highlights

Other assistance, Expense Manager, Demo Videos enhances providing customised services.

App which the overall experience of customers by

Umobile

–

% of digital transactions 79

78.5

77.5

76.5

75.5

Mar-19

Jun-19

Sep-19

Dec-19

% of digital transactions

ENHANCING DIGITAL FOOTPRINTS

DEBIT CARD AUTOMATION – Real time activation of Ready kit debit cards thereby reducing the TAT from 48 hours than a second and enhancing customer satisfaction.

to less

FASTAGS

24*7 NEFT services made available for the customers. BHARAT QR made live for meeting the requirements of Corporates as per provisions of CBDT.. NETC available customers, expanding the reach day by day. Vast network of 6686 ATMs all across the country covering rural, semi urban, urban and metro the customers. Dedicated call centre at Mumbai and Bangaluru for 24*7 customer support.

the convenience

made

areas

for

Digital Banking Initiatives

SOCIAL MEDIA

1427323

134838

27056

56768

14551

TIE UPS

movie

20% instant discount on tickets booked through BMS app/website using our debit/credit cards

Discount offers on gift items to our debit & credit card holders and internet banking users.

offer

Discount on MakeMyTrip.com on flights & Domestic Hotel bookings using our Bank‟s debit & credit cards.

Discount on medicines FMCG Apollo and private label products to our debit & credit card holders on the Apollo Pharmacy stores

Business Performance

Financials

Strategic Initiatives - Outcome

Digital Banking

Group Entities

Table of Contents

Union Bank of India (UK) Limited • Wholly owned subsidiary operating in UK • Equity Investment – 649.33 crores

Union Asset Management Co. Private Limited • Wholly owned subsidiary • Bank’s Equity Investment – 186.29 crores • Dai-Ichi Life Holdings Inc, Japan invested Rs. 133.43 Crore in Union AMC through Compulsorily convertible preference shares (CCPS) in May, 2018 • About Two Lac Folios • Launched Mercury

Series Mid and Small Fund (US$30 million) for Foreign

Cap Portfolio Investors.

Details of Group Entities

(` crore)

Subsidiaries

Bank‟s Shareholding

Particulars

9MFY19

9MFY20

Total Income

108.30

106.45

Net Profit/ (Loss)

-35.44

-26.76

Total Assets

3370.06

3407.65

100%

Capital & Reserves

672.12

697.99

Bank‟s Shareholding

Particulars

9MFY19

9MFY20

Total Income

Net Profit/ (Loss)

33.80

-0.89

33.44

2.34

100%

Total Assets

187.09

195.84

Capital & Reserves

180.46

189.49

Assets under Management (AUM)

4519.00

4229.00

Union Trustee Co. Pvt. Limited • Wholly owned subsidiary • Equity Investment – 0.06 crores

Star Union Dai-ichi Life Insurance Co. Limited • Joint venture with Bank of India and

Dai-ichi Life Holdings INC.

• Equity Investment – 65.00 crores • Presence in 72 locations throughout India • Since inception ,gross premium income is Rs.14057 crore

Details of Group Entities

(` crore)

Subsidiaries

Bank‟s Shareholding

100%

Joint Venture

Bank‟s Shareholding

Particulars

9MFY19

9MFY20

Total Income

Net Profit/ (Loss)

Total Assets

Capital & Reserves

0.15

0.03

0.17

0.11

0.15

0.005

0.17

0.10

Particulars

9MFY19

9MFY20

Total Income

Net Profit/ (Loss)

1621.44

54.73

2046.28

32.94

25.10%

Total Assets

7977.14

9517.04

Capital & Reserves

559.18

629.54

Associates

Kashi Gomti Samyut Gramin Bank – Union Bank holds 35% shareholding

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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