It is a broadly described annual report of Union Bank of India in the year of 2014-2015. During the financial year, The Bank ’s total business mix by Rs. 47,620 Crore to Rs. 5,79,627 Crore as on 31st March 2015 from Rs. 5,32,007 Crore as on 31st March 2014. Total deposits increased to Rs. 3,16,870 Crore, as of 31st March 2015 from Rs. 2,97,675 Crore in the previous year, recording an annual growth of 6.4%. The total income of the Bank increased by 10.7% to Rs. 35,607 Crore during the financial year. The operating profit of the Bank increased by 11.6% during the year and reached Rs. 5,823 Crore for FY 2014-15 compared to Rs. 5,218 Crore for FY 2013-14. The net profit of the Bank increased by 5.0% and reached Rs. 1782 Crore for FY 2014-15 compared to Rs. 1696 Crore for FY 2013-14. The Book value per share increased to Rs. 288.0 for March 2015 from Rs. 269.4 for March 2014. The Return on Equity stood at 9.7% and the Earnings per share stood at Rs. 28.1 for FY 2014-15.
The Board of Directors of the Bank has recommended a final dividend of Rs. 6/- per equity share of face value of Rs. 10/- each which is 50% higher than the dividend of Rs. 4/- per equity share declared for the previous year.
More Annual Report of Union Bank of India:
- Annual Report 2009-2010 of Union Bank of India
- Annual Report 2010-2011 of Union Bank of India
- Annual Report 2011-2012 of Union Bank of India
- Annual Report 2012-2013 of Union Bank of India
- Annual Report 2013-2014 of Union Bank of India
- Annual Report 2014-2015 of Union Bank of India
- Annual Report 2015-2016 of Union Bank of India
- Annual Report 2016-2017 of Union Bank of India
