Equity Research Report – Union Bank of India

𝗙𝗶𝗻𝗸𝗵𝗼𝘇 𝗥𝗮𝘁𝗶𝗻𝗴: 𝟳.𝟳/𝟭𝟬
𝗨𝗻𝗶𝗼𝗻 𝗕𝗮𝗻𝗸 𝗼𝗳 𝗜𝗻𝗱𝗶𝗮 𝗘𝗾𝘂𝗶𝘁𝘆 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁….🚘🚛

Union Bank of India, among the top 5 PSU banks, operates across corporate, retail, treasury, and digital segments, holding 6% market share in deposits and 5.5% in advances. With a well-diversified loan book and a strong domestic and international presence, the bank continues to strengthen its position with ₹9.04 lakh crore in advances and ₹12.21 lakh crore in deposits as of FY24.

𝗧𝗵𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗖𝗼𝘃𝗲𝗿 –
🔍 Company Overview.
🔍 Company Guidance.
🔍 Expert Opinion.
🔍 Q3 Result Updates.
🔍 Finkhoz Overall Rating.
🔍 Top Peers Comparison.

𝗛𝗼𝘄 𝗨𝗻𝗶𝗼𝗻 𝗕𝗮𝗻𝗸 𝗾𝘂𝗶𝗲𝘁𝗹𝘆 𝗯𝗲𝗰𝗮𝗺𝗲 𝗮 𝘁𝘂𝗿𝗻𝗮𝗿𝗼𝘂𝗻𝗱 𝘀𝘁𝗼𝗿𝘆 –

In 2020, Union Bank was just another PSU bank.

High NPAs. Low margins. Zero buzz. 😶

But something changed.

Fast forward to FY24👇
1. Gross Advances: ₹9.04 lakh crore
2. Deposits: ₹12.21 lakh crore
3. Net NPA: Down to just 0.82%
4. Recovery > Slippages

𝗦𝗼 𝘄𝗵𝗮𝘁’𝘀 𝗰𝗼𝗼𝗸𝗶𝗻𝗴? 🍲

Union Bank is shifting gears:
– Focused on retail & MSME lending.
– Prioritizing quality over aggressive growth.
– Lowering dependence on bulk funding.

It’s not just a comeback—it’s a strategic reinvention.
And with NIM at 2.94%, this bank isn’t chasing numbers—it’s building trust.

In a world obsessed with private banks, this PSU might just surprise the markets.
Would you bet on Union Bank’s silent rise?

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