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:
Bank of India
sales of 458.38 billion Indian Rupees [US$6.45 billion]
of which 37%
was Retail Banking Operations),
Yes Bank Limited
(342.99 billion Indian Rupees [US$4.83 billion]
of which 65%
was Corporate/Wholesale Banking), and
Kotak Mahindra Bank Limited
(459.57 billion Indian Rupees [US$6.47 billion]
of which 30%
was Retail Banking).
During the year ended March of 2019, sales at
Union Bank of India were 393.52 billion Indian Rupees (US$5.54 billion).
increase of 2.4%
versus 2018, when the company's sales were 384.22 billion Indian Rupees.
This was the fifth consecutive year of sales increases at Union Bank of India
(and since 2014, sales have increased a total of 21%).
Sales of Other Banking Operations saw an increase
that was more than double the company's growth rate: sales were up
17.5% in 2019, from
5.50 billion Indian Rupees to 6.47 billion Indian Rupees.
Union Bank of India also saw significant increases in sales in
Corporate/wholesale Banking (up 9.9% to 154.02 billion Indian Rupees)
Not all segments of Union Bank of India experienced an increase in sales in 2019:
sales of Unallocated fell 14.6% to 10.02 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
Treasury Operations (down 4.7% to 114.40 billion Indian Rupees)