Key Highlights in Q3FY25
* Strong Financial Performance:
Net Profit of the Bank increased by 28.24% on YoY basis during Q3FY25. Non-interest income of Bank grew by 17.02% on YoY basis during Q3FY25.
* Bank continues to demonstrate a strong Liability franchise:
Global deposits have increased by 3.76% YoY. Bank now have a total deposits base of Rs.12,16,562 Crores as on December 31, 2024.
* Business Growth gaining momentum:
Total Business of the Bank increased by 4.70% YoY, wherein Gross Advances increased by 5.94% YoY & Total Deposit grew by 3.76% YoY. Bank has a total Business of Rs.21,65,726 Crores as on December 31, 2024.
* Growth in Retail, Agri and MSME (RAM) segments:
RAM Segment of the Bank increased by 9.26% YoY, where 16.36% growth in Retail, 4.34% growth in Agriculture and 6.34% growth in MSME is achieved on YoY basis. RAM advances as a percent of Domestic Advances stood at 56.69%.
* Reduction in NPA:
Gross NPA (%) improved by 98 bps on YoY basis to 3.85% and Net NPA (%) improved by 26 bps on YoY basis to 0.82% as on December 31, 2024.
* Strong Capital Ratios:
CRAR improved from 15.03% as on December 31, 2023 to 16.72% as on December 31, 2024. CET1 ratio improved from 11.71% as on December 31, 2023 to 13.59% as on December 31, 2024.
* Improved Returns:
Bank’s Return on Assets improved by 23 bps on YoY basis to 1.30% & Return on Equity improved by 50 bps on YoY basis to 17.75% during Q3FY25.
Network:
8,574 Branches including foreign branches
9,087 ATMs
23,114 BC points
135 MLPs (MSME Loan Points)
137 RLPs (Retail Loan Points)
54 ALPs (Agriculture Loan Points)
106 Union MSME First Branches
1,685 Gold Loan Points
16 LCBs & 37 MCBs
6 SAMBs & 30 ARBs
Financial Inclusion schemes:
Financial Inclusion schemes launched by GOI with an aim to eliminate barriers and provide economically priced financial services to the less accessible sections of the society through government-backed schemes like PMJJBY, PMSBY, PMJDY and APY.
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY):
This is a Government- backed insurance scheme; where 4.40 lakhs new enrollments were done by the Bank for the quarter ended December 31, 2024.
Pradhan Mantri Suraksha Bima Yojana (PMSBY):
This is Government- backed insurance scheme for accidental insurance; where 15.99 lakhs new enrollments were done by the Bank for the quarter ended December 31, 2024.
Pradhan Mantri Jan Dhan Yojana (PMJDY):
Our bank is instrumental in opening 3.14 Crores accounts under PMJDY Scheme with balance of Rs. 11,637 Crores as on December 31, 2024. The corresponding figure was 2.88 Crores account with balance of Rs. 9,604 Crores as on December 31, 2023.
Atal Pension Yojana (APY):
APY is a pension scheme, primarily targeted at the individuals working in unorganized sector, 1.66 lakh new enrollments were done by Bank for the quarter ended December 31, 2024.
Union Nari Shakti Scheme for Women Entrepreneurs: Sanctioned 4,242 Applications for Rs.598 crores during Q3 FY25
Credit facility towards Green initiatives: -
Renewable Energy Sector: -Sanctioned Rs. 27,269 crores as on December 31, 2024.
Union Green Miles: -Sanctioned amount Rs. 645 crores as on December 31, 2024.
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