Union Bank of India 2020 AR2
The report highlights Union Bank of India's performance and initiatives during the fiscal year 2019-20. Key achievements include a 12% year-on-year increase in Net Interest Income to Rs. 11,437 crore and a 22% increase in Operating Profit to Rs. 9,181 crore. The bank's Provision Coverage Ratio improved to 73.64%, while the Net NPA ratio declined to 5.49%. Additionally, the bank prepared for the mega amalgamation of Andhra Bank and Corporation Bank into Union Bank of India, effective April 1, 2020, which positions it as the fifth-largest public sector bank in India.
Company: Union Bank of India
Sector: Finance & insurance
Country: India
Year: 2020
Type: AR2
Pages: 379
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Union Bank of India
Annual Report
The report highlights Union Bank of India's performance and initiatives during the fiscal year 2019-20. Key achievements include a 12% year-on-year increase in Net Interest Income to Rs. 11,437 crore and a 22% increase in Operating Profit to Rs. 9,181 crore. The bank's Provision Coverage Ratio improved to 73.64%, while the Net NPA ratio declined to 5.49%. Additionally, the bank prepared for the mega amalgamation of Andhra Bank and Corporation Bank into Union Bank of India, effective April 1, 2020, which positions it as the fifth-largest public sector bank in India.
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Document Details
Report Year
2020
Reporting Period
Apr 1, 2019 - Mar 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Workplace Fatalities
Employees