Transforming to
deliver optimal returns

Union bank demonstrated a clear and sustainable path to growth over the course of fy2022, delivering a return on average assets (ROAA) of 0.47 in fy2022, a marked improvement over an ROAA of 0.27 in fy2021. We will continue to develop the diversified business model that we have established, investing in advanced technology and digital capabilities in our consumer businesses, delivering sustainable growth across our domestic and global operations, and play a meaningful part in aiding the transition to a low-carbon economy.

Highlights of the solid performance delivered for FY2022

Building on resilience,
consistency and growth.

For FY2023, we aim to attain
~10% deposit growth and one
of lowest Credit Cost ratios in
the industry at <1.5%.

Financial Highlights for FY2022

₹ 17,48,800 crore
Global Business

as on 31.03.2022, up by 10.86% from ₹1577490.00 crore as on 31.03.2021

₹ 10,32,392 crore
Total Global Deposits

as on 31.03.2022

₹ 7,16,408 crore
Global Business

as on 31.03.2022

₹ 3,77,193 crore
CASA Deposit

as on 31.03.2022

₹ 27,786 crore
Net Interest Income

for the FY2022

2.94%
Global NIM

for the FY2022

2.97%
Domestic NIM

for the FY2022

₹ 12,525
Other Income

as on 31.03.2022

₹ 21,873
Operating Profit

for FY2022, up by 11.22% from
₹19667 crore for the FY2021

7.14%
Yield on Advances

for FY2022 as against 7.21% in FY2021

14.52%
CRAR under Basel III

as on 31.03.2022 as against 12.56% as on 31.03.2021 and as compared to the minimum regulatory requirement of 11.50%

83.61%
Provision Coverage Ratio

as on 31.03.2022 as against 81.27% as on 31.03.2021

45.74%
Cost to Income Ratio

for FY2022

11.11%
GNPA

as on 31.03.2022 as against 13.74% as on 31.03.2021

3.68%
Net NPA Ratio

as on 31.03.2022 as against 4.62% as on 31.03.2021

12.20%
Tier 1 Capital

as on 31.03.2022

10.63%
CET 1 Capital

as on 31.03.2022