It is a broadly described annual report of Union Bank of India in the year of 2016-2017. During the financial year, The Bank’s Total global business increased to Rs. 6,80,076 Crore as on 31st March 2017 from Rs. 6,20,445 Crore as on 31st March 2016, reflecting an annual growth of 9.6%. Total deposits surged to Rs. 3,78,392 Crore as on 31st March 2017 from Rs. 3,42,720 Crore as on 31st March 2016 noting a growth of 10.4% on Y-o-Y basis. The Bank reported operating profit of Rs. 7,430 Crore in FY 2016-17 with an increase of 29.8% over Rs. 5,722 Crore in FY 2015-16. Net profit of the Bank stood at Rs. 555.21 Crore in FY 2016-17 compared to Rs. 1,352 Crore in FY 2015-16. Book value per share stood at Rs. 277.7 for March 2017 and the Earnings per share stood at Rs. 8.08.
The Board of Directors of the Bank has decided not to declare dividends during FY 2016-17 and instead plough back entire profit to reserves.
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
