Q1FY24 Performance and Strategic Initiatives
VYOM
Overview
Guidance
यूनियन बैंक
ऑफ इंडिया
भारत सरकार का उपक्रम
S
Union Bank
of India
A Government of India Undertaking
G20
2023 INDIA
Subsidiaries & Joint Ventures
Profit After Tax
Name of the Entity
Holding
(%)
Q1FY23
Q1FY24
Subsidiaries
Union Bank of India (UK) Ltd.
100.00%
5.64
12.49
Q1 Highlights
Union Asset Management Co. Pvt. Ltd.
100.00%
0.77
4.33
Business
UBI Services Ltd.
100.00%
0.40
(7.20)
Financials
Andhra Bank Financial Services Ltd.
100.00%
0.24
0.26
Union Trustee Co. Pvt. Ltd.
100.00%
0.05
0.03
Asset Quality
Joint Ventures
Capital
Adequacy
Star Union Dai-ichi Life Insurance Co. Ltd.
25.10%
7.37
16.24
Fin. Inclusion &
ESG
Strategic
Initiatives/Outcome
Group Entities
Awards
India International Bank (Malaysia) BHD
25.00%
(1.89)
0.25
ASREC India Ltd.
26.02%
8.54
6.99
Associate
Chaitanya Godavari Gramin Bank
35.00%
76.19
89.18
in crore
Description
❖ Geographical benefits in booking business in UK and Europe.
Sponsored by Union Bank of India & Dai-ichi Life Holdings, Inc.
Crossed AUM of Rs. 10,000 Crores.
Sourcing Retail loans like Housing, Mortgage, Education & Vehicle
loans, MSME loans, Gold loans and Credit cards for parent Bank.
❖Carry on activities/business of Leasing, Hire purchasing and
Merchant Banking
Act as a trustee company for Union Mutual Fund
One of the fastest growing private life insurance company in India.
Pan-India presence through 161 Branch Office
Undertaking social responsibility covering 85 lakhs+ lives under
PMJJBY.
❖Undertaking banking business offering deposit & loan products to
cater to needs and requirements of customers of Malaysia.
Ensures greater efficiency in resolving the NPAs through approval of
cases at DRT.
Made recovery in 130 accounts during Q1FY24.
Regional Rural Bank with 249 branches.
❖ Committed to usher in prosperity & plenty by care concern to the
financial needs of cross section of rural populace in Guntur, East
Godavari & West Godavari Districts.
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