SECTOR: Bank - Public
₹ 55805.71 Cr.
₹ 27786.46 Cr.
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The company is present in 23 Indices.
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Holding Value: 46594.88584025 Cr.
As of September2022
The Indian Banking sector is rising rapidly due to infrastructure spending, favorable government policy, rising disposable income and increasing consumerism and easier access to credit.
The banking industry is in boom with growing demand across India. But is it the right time to invest in banking stocks is the question to be asked? We can look into more details and dig a little deeper into the analysis of the stock.
Let’s look at how Union Bank Of India is performing and if it is the right time to buy the stock of Union Bank Of India with detailed analysis.
For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. Union Bank Of India has earned Rs 67943.9508 Cr. revenue in the latest financial year. It has posted outstanding revenue growth of 25.8749812212621 % in last 3 Years.
In terms of advances, the bank reported 11.8483613748308 % YOY, rise . If you see 3 years advance growth, it stands at 30.5717120412208 %.
Currently the company has a CASA ratio of 36.5358329427191 %. It’s overall cost of liability stands at 3.70602934713471 %. Also, the total deposits from these accounts stood at Rs 1032392.6349 Cr.
The Bank has a Poor ROA track record. The ROA of Union Bank Of India is at 0.97640520024903 %.
The Lender is inefficiently managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 11.11 % and 3.68 % respectively as on the latest financial year.
One other important measure of banks’ financial health is provisioning coverage ratio. The YoY change in provision and contingencies is negative at -23.0126369912164 % which means it has decreased from the previous year.
Non-Interest income or other incomes are very important for banks as it gives a regular source of income for bank with no additional risk. Other income of Union Bank Of India surged and is currently at Rs 12524.8172 Cr.
The company has a Good Capital Adequacy Ratio of 14.52 .
The best metric which provides insights about bank’s valuation is P/B ratio. Currently Union Bank Of India is trading at a P/B of 0.7457 . The historical average PB was 0.442512415775047.