Union Bank of India operates within the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Union Bank of India with three other
companies in this sector in India:
Kotak Mahindra Bank Limited
sales of 280.28 billion Indian Rupees [US$4.11 billion]
of which 33%
was Retail Banking),
IDBI Bank Ltd
(316.77 billion Indian Rupees [US$4.65 billion]
of which 78%
was Retail Banking), and
Central Bank of India
(279.32 billion Indian Rupees [US$4.10 billion]
During the year ended March of 2016, sales at
Union Bank of India were 362.52 billion Indian Rupees (US$5.32 billion).
a very small
increase of 0.4%
versus 2015, when the company's sales were 361.22 billion Indian Rupees.
This was the fifth consecutive year of sales increases at Union Bank of India
(and since 2011, sales have increased a total of 96%).
Sales of Treasury Operations saw an increase
that was more than double the company's growth rate: sales were up
7.6% in 2016, from
94.57 billion Indian Rupees to 101.77 billion Indian Rupees.
Union Bank of India also saw significant increases in sales in
Retail Banking (up 1.2% to 102.21 billion Indian Rupees)
Not all segments of Union Bank of India experienced an increase in sales in 2016:
sales of Other Banking Operations fell 22.7% to 2.65 billion Indian Rupees.
(However, this segment's sales were only a very small portion of the company's overall sales).
Union Bank of India also experienced decreases in sales in
Corporate Banking (down 3.2% to 152.37 billion Indian Rupees)
Unallocated (down 18.4% to 4.20 billion Indian Rupees)