Union Bank of India 2024 IR
The report highlights Union Bank of India's financial and sustainability performance for the fiscal year 2023-24. The bank achieved its highest-ever net profit of INR 13,648 crore, representing a 61.84% year-over-year growth, while significantly improving its asset quality with a Net NPA ratio of 1.03%. On the sustainability front, the bank sanctioned INR 23,059 crore to the renewable energy sector and INR 462 crore under the Union Green Miles scheme for electric vehicles. Additionally, the bank advanced its digital transformation through the Vyom mobile app, onboarding 5.52 million new users during the year.
Company: Union Bank of India
Sector: Financials
Country: India
Year: 2024
Type: IR
Pages: 416
Union Bank of India
Integrated Annual Report
The report highlights Union Bank of India's financial and sustainability performance for the fiscal year 2023-24. The bank achieved its highest-ever net profit of INR 13,648 crore, representing a 61.84% year-over-year growth, while significantly improving its asset quality with a Net NPA ratio of 1.03%. On the sustainability front, the bank sanctioned INR 23,059 crore to the renewable energy sector and INR 462 crore under the Union Green Miles scheme for electric vehicles. Additionally, the bank advanced its digital transformation through the Vyom mobile app, onboarding 5.52 million new users during the year.
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Document Details
Report Year
2024
Reporting Period
Apr 1, 2023 - Mar 31, 2024
Fiscal Year
2024
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Net Zero Target
Employees