Union Bank of India

NSE UNIONBANK.NS

Union Bank of India Net Income for the year ending March 31, 2024: USD 1.65 B

Union Bank of India Net Income is USD 1.65 B for the year ending March 31, 2024, a 59.73% change year over year. Net income is the total profit earned by a company after deducting all expenses, including taxes and non-controlling interest.
  • Union Bank of India Net Income for the year ending March 31, 2023 was USD 1.04 B, a 49.34% change year over year.
  • Union Bank of India Net Income for the year ending March 31, 2022 was USD 693.44 M, a 77.33% change year over year.
  • Union Bank of India Net Income for the year ending March 31, 2021 was USD 391.05 M, a 194.43% change year over year.
  • Union Bank of India Net Income for the year ending March 31, 2020 was USD -414.14 M, a 1.52% change year over year.
Key data
Date Net Income EPS (Diluted) Shares (Diluted, Weighted) Net Income Margin
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NSE: UNIONBANK.NS

Union Bank of India

CEO Ms. Arumugam Manimekhalai
IPO Date Sept. 24, 2002
Location India
Headquarters Union Bank Bhavan
Employees 75,866
Sector Finance
Industries
Description

Union Bank of India provides various banking products and services. It operates through four segments: Treasury Operations, Retail Banking Operations, Corporate and Wholesale Banking, and Other Banking Operations. The company offers savings and current accounts; term and recurring deposits; and demat and online trading accounts. It also provides retail loans, including home, vehicle, education, and personal loans; loans against the property; and loans for pensioners, as well as products and loans for micro, small, and medium enterprises. In addition, the company offers mutual funds, life, non-life, health, and general insurance products, and tax saving deposits; government saving schemes, tax collection services, pension products, and departmentalized ministries accounts; short term, long term, and other credit for agricultural/SSI/tertiary sectors; and safe deposit locker and cheque collection services. Further, it provides corporate loans comprising Covid emergency line of credit, trade finance, working capital, lines of credit, project financing, and channel finance; debt structuring/restructuring, loan syndication, structured finance, mergers and acquisition advisory, and private equity services; cash management, ECGC cover, and foreign exchange services, as well as derivatives; export and import finance services; NRI banking services; and treasury and other products, and remittance services. Additionally, the company offers app, internet, self-service, ATM, and SMS banking services; point of sale terminal and immediate payment services; and combo, debit, credit, gift, prepaid, and payroll cards. As of March 31, 2022, it operated 8,870 branches in India; 3 overseas branches at Hong Kong, Dubai, and Sydney; 1 representative office in Abu Dhabi; and 11,232 ATMs. The company was incorporated in 1919 and is headquartered in Mumbai, India.

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StockViz Staff

January 15, 2025

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