Any current/future new fundraising through debt or equity?

Union Bank of India has board approval to raise up to INR 8,000 crores via equity capital issuance. Out of this, INR 5,000 crores have already been raised through a Qualified Institutional Placement (QIP). An additional INR 3,000 crores QIP is planned for raising within the current financial year. The bank is monitoring market conditions and share price performance to optimize timing for capital raising. No specific mention of new debt fundraising in the transcript, with focus primarily on equity capital infusion.

Future growth expectations in sales/revenue/volumes?

For the current financial year, the bank maintains its guidance of 10% to 12% growth in advances, with current growth at 11.4%. Growth in deposits is projected at 8% to 10%, with actual Y-o-Y growth at 10.1%. ROA guidance for FY'25 is to reach 1%, a target already achieved in the September quarter. For FY'25, expected credit growth is approximately 1.5 times the country's GDP growth (estimated at 7% to 7.2%). Emphasis on expanding advances in sectors like agriculture (notably gold loans with 53% growth), auto loans, and education loans. The bank aims to sustain cost-to-income ratio a

Future growth expectations in earnings/operating earnings/profits/EPS?

The bank expects to maintain advances growth guidance at 10%-12% for FY24, with an aim to sustain or surpass this in coming years. ROA guidance was set at 1% for FY25, already achieved in Q2 FY24, indicating ongoing profitability improvements. Credit cost is expected to remain low around 50 bps for the next 1-2 years, supporting stable profitability. The bank has been investing in building capabilities in new asset segments like gold loans, auto loans, and education loans, aiming for profitable growth acceleration. Treasury income is expected to be maintained at current levels, with focus shif

Current/ Expected Orderbook/ Pending Orders?

The transcript does not explicitly mention the current or expected orderbook or pending orders for Union Bank of India. The focus of the discussion is primarily on financial performance, deposit composition, margin guidance, credit costs, slippages, capital raising, and treasury operations. There is emphasis on advances growth, loan repricing, and margin maintenance rather than orderbook specifics. No quantitative or qualitative details about pending orders or orderbook outlook are provided in the transcript content up to page 18.

Union Bank of IndiaQ3 FY24Banks

Union Bank of India Q3 FY24 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹168P/E: 6.7Market Cap: ₹1.4L CrSector: Banks

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

Yes

Order

N/A

Capex

Yes

2 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 3

For the current financial year, the bank maintains its guidance of 10% to 12% growth in advances, with current growth at 11.4%.
Growth in deposits is projected at 8% to 10%, with actual Y-o-Y growth at 10.1%.
ROA guidance for FY'25 is to reach 1%, a target already achieved in the September quarter.
For FY'25, expected credit growth is approximately 1.5 times the country's GDP growth (estimated at 7% to 7.2%).
Emphasis on expanding advances in sectors like agriculture (notably gold loans with 53% growth), auto loans, and education loans.
The bank aims to sustain cost-to-income ratio at a low level while ramping up business capabilities through hiring domain experts.
Credit cost is expected to reduce to around 50 basis points in FY'25 and FY'26, supporting profitability.

Margin guidance

Category 3

The bank expects to maintain advances growth guidance at 10%-12% for FY24, with an aim to sustain or surpass this in coming years.
ROA guidance was set at 1% for FY25, already achieved in Q2 FY24, indicating ongoing profitability improvements.
Credit cost is expected to remain low around 50 bps for the next 1-2 years, supporting stable profitability.
The bank has been investing in building capabilities in new asset segments like gold loans, auto loans, and education loans, aiming for profitable growth acceleration.
Treasury income is expected to be maintained at current levels, with focus shifting from treasury as a key profit pillar to advances-based income.
Cost-to-income ratio is currently one of the lowest in the industry and expected to be maintained despite capability build-up.
Net interest margin (NIM) guidance remains around 3%, supported by stable deposit costs and rising MCLR-linked advances.
Overall optimism expressed on robust growth and surpassing slippage and recovery targets signals positive earnings momentum.

See what Union Bank of India management said on margin guidance — free account, 30 seconds.

Fundraise plans

Yes

Union Bank of India has board approval to raise up to INR 8,000 crores via equity capital issuance.
Out of this, INR 5,000 crores have already been raised through a Qualified Institutional Placement (QIP).
An additional INR 3,000 crores QIP is planned for raising within the current financial year.
The bank is monitoring market conditions and share price performance to optimize timing for capital raising.
No specific mention of new debt fundraising in the transcript, with focus primarily on equity capital infusion.

Order book

The transcript does not explicitly mention the current or expected orderbook or pending orders for Union Bank of India.
The focus of the discussion is primarily on financial performance, deposit composition, margin guidance, credit costs, slippages, capital raising, and treasury operations.
There is emphasis on advances growth, loan repricing, and margin maintenance rather than orderbook specifics.
No quantitative or qualitative details about pending orders or orderbook outlook are provided in the transcript content up to page 18.

See what Union Bank of India management said on order book — free account, 30 seconds.

Capex plans

Yes

- Union Bank of India has a board-approved plan to raise equity capital up to INR 8,000 crores. - Out of this, INR 5,000 crores has already been raised through QIP. - The bank plans to raise the remaining INR 3,000 crores equity capital during the current financial year. - The capital raising aims to support the bank's growth and maintain capital adequacy ratios amid regulatory and business growth requirements. No specific mention of other capex or strategic investments was detailed in the provided transcript excerpt. The focus remains on equity capital infusion to support growth and business expansion.

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Union Bank of India Q3 FY24 Earnings Call Analysis

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