Q1-FY25 · A. Manimekhalai
We want to grow our deposits in line with our advances growth. But we have given our guidance for the year, and we will keep to the guidance that we have given.
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Union Bank of India · tone and specificity signals across the available quarters.
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Q1-FY25 · A. Manimekhalai
In the interim budget, the FM also talked about the growth that rural also was the main focus of the present government, so we are looking at growth in those regions also. Agri insurance is one portfolio that we are very aggressively looking at.
Q1-FY25 · A. Manimekhalai
Some of these are all almost like 70%-80% of these frauds are digital frauds are small in nature, and of course, the remaining are credit and credit frauds that is happening.
Q1-FY26 · Nitesh Ranjan
We have taken a conscious call on the portfolio. We don't want to take any advances where the bank may incur a loss in futures. That is why the growth is slightly muted.
Q1-FY26 · Ramasubramanian S.
We have to trade off between the margin also and also your growth. We are trying to manage both the things.
Q1-FY26 · Nitesh Ranjan
We are focused on having a good trade-off between the top-line growth and the bottom line, and we'll continue to ensure that the overall return on assets and return on equity remains strong as we have done in the past.
Q2-FY25 · Arumugam Manimekhalai
If not for that one big slippage, we would have contained our slippages to a very great extent.
Q2-FY25 · Arumugam Manimekhalai
We have almost about 25,000 crores credit for disbursement and sanctions, out of which 36,000 crores is pending for disbursement and 39 crore of sanctions is pending for, you know, for sanctions, actually.
Q2-FY25 · Arumugam Manimekhalai
The bank had also introduced a few specifically designed products for garnering retail term deposits. It's not because that we had taken bulk deposits, but it was only for the growth of retail deposits that we had taken. So that is the reason for the increase in the cost of deposits.
Q2-FY26 · Asheesh Pandey
Going forward you will see that. The system level will be at par with the industry... We'll be going ahead. We are aspiring better than that, so that it is not converging as usual. We would like to expedite converge a bit earlier.
Q2-FY26 · Asheesh Pandey
Capital adequacy is one of the best in industry at 17.07% with CET1 ratio at 14.37%. Similarly, there is an improvement in the asset quality... The gross NPA reduced by 107 bps YoY to 3.29%. The net NPA declined by 43 bps YoY to 0.55%. The provision coverage ratio stood at 95.13%, reflecting a well-provisioned balance sheet of the bank.
Q2-FY26 · Sanjay Rudra
Whatever we have done in the last financial year, at least that kind of quantum would be possible from the next year [for PSLC sales]. We have not done the PSLC sale this year, but as of now we are meeting the priority sector targets and sub-targets.
Q3-FY25 · A. Manimekhalai
We are committed to sustainable growth with a balanced focus on top-line and bottom-line numbers. Our strategy is profitability rather than excessive growth. My total focus is long-term value creation for stakeholders rather than making small glories.
Q3-FY25 · A. Manimekhalai
We shed almost like more than INR 30,000 crore in bulk deposits to improve our cost of deposits and see that our NIM is not impacted. We are looking at sustainable numbers and not a small blip.
Q3-FY25 · Nitesh Ranjan
The portfolio of recoverable amount is coming down year after year because last year, we recovered INR 18,000 crore. This year, we are targeting INR 16,000 crore. After this, also we'll have a portfolio, but recoverability will come down.
Q3-FY26 · Asheesh Pandey
The thing is that when you galvanize the entire machinery and you move into, even right now in the corporate only, I am saying, around INR 24,000-26,000 crore is the sanction and disbursement pending. So, I think what this is the target. So, we expect better than this in this quarter.
Q3-FY26 · Asheesh Pandey
Coming to the provision, certainly you need to look into three, four, five ratios or parameters. One is the SMA, one is the loan book, and one is the PCR, how much, and one is the GNPA and NNPA. I think these four, five things very clearly tell credit cost is limited.
Q3-FY26 · Amresh Prasad
Regarding the NIM, what we see is that the NIM will further improve because whatever the deposit was taken, that is going to be repriced in this quarter or next financial year. And the impact, you have already seen our book that our MCLR related books are only 32% and the balance are in the shape of they are linked with the external rate of interest.
Q4-FY25 · Ajay Bansal
We have taken a call that we will not give guidance currently, and we will evaluate the situation as the year goes by and then look at giving a guidance. But we are obviously focused on growth, but at the right metric.
Q4-FY25 · Ajay Bansal
Consciously, we decided not to grow on the large corporate without having a proper profit. So if you compare the top line, the bottom line, you will find that our performance is far better than if you compare with others.
Q4-FY25 · A. Manimekhalai
The recent policy rate cut by the Reserve Bank of India is anticipated to exert downward pressure on the bank's net interest margin in the near term. Reductions in the policy rate are typically transmitted more swiftly to repo-linked loans, whereas adjustments on the deposit side tend to occur with a lag.
Q4-FY26 · Asheesh Pandey
From 2.91% to 2.70%, that is only 21 basis points. I think this is the only thing which is helping us. We always say that we want to defend our NIM. We continue saying that.
Q4-FY26 · Asheesh Pandey
The thing is that we are very cautious about our cost. We are cautious about the means. We are cautious about, very clearly, about profitability, and that is why we are working on the efficiency parameter.
Q4-FY26 · Asheesh Pandey
We have kept INR 700 crores of an additional provision, general provision sort of, just as a when good time is there, it is always better to keep aside. This INR 700 crore is not impacting either the net profit or it is impacting the capital.