Importance of Union Bank Of India

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Union Bank of India is one of the largest government-owned banks of India (the government owns 63.44% of its share capital).

Achievement in 2017
Total Business of 6,80,076 crore as on March 31, 2017, an increase of 9.61%.
Total Deposits of 3,78,392 crore as on March 31, 2017, an increase of 10.41%.
Gross Advances of 3,01,684 crore as on March 31, 2017, an increase of 8.63%.
Share of CASA deposit improved to 34.44% as on March 31, 2017 from 32.35% as of March 31, 2016.
In Advances as of March 31, 2017, RAM sector (Retail, Agriculture & MSME) increased by 15.19% and contributes more than 53.80% of domestic loan book.
Non Interest Income increased by 36.70% from 3,632 crore to 4,965 crore.
Core Fee Income increased from 1,879 crore to 2,068 crore.
Net Interest Income increased by 7.08% from 8,314crore to 8,903 crore.

Bank profile:

Type Public company

Traded as BSE: 532477

NSE: UNIONBANK

Industry Banking, Financial services

Founded 11 November 1919; 97 years ago

Headquarters Mumbai

Key people Shri Rajkiran Rai G.

(Managing Director & CEO)

Products Consumer banking, corporate banking, finance and insurance,
investment banking, mortgage loans, private banking, wealth management

Revenue 32,198.80 crore (US$5.0 billion)(2016)

Operating income 5,722 crore (US$890 million) (2016)

Net income 1,351.60 crore (US$210 million) (2016)

Total assets 404,695.90 crore (US$63 billion) (2016)

Owner Government of India

Number of employees 35,514 (2016)

Capital ratio 10.56% (2016)

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