Union Bank of India CC-Nov25.pdf · 2025-10-30
Thanks for giving this opportunity to me. And Ash eesh sir, very rich compliments and congratulations to you, sir, for having come back to Union Bank as the MD and CEO. And basically, most of these questions have already been answered in the detailed discussion right from Jai to Sushil. But I would also emphasize on that only, sir. Your rich experience of this bank as well as the wonders which you have done in Bank of Maharashtra. Now, looking at our condition today, what we were 6 quarters back in this bank , we are only 3% or 4% for last 6 quarters growth if you take right from Q1 of 25 of Rs. 21.08 lakh crores business to Rs. 22.09 lakh crores. That is only 4.8% in last 6 quarters. So, sir, now with you having come back to Union Bank and now as the MD and CEO, do we expect that in your tenure of 3 years, we will be a Rs. 31-Rs. 32 lakh crores business bank? Number one, which you already shared that accelerated growth. But to be more specific, for reaching this kind of growth again to the system growth of 12%-14%, 13%-14%, we will have to look at not only retail, sir, which is already 23% growing, this thing MSME is also reasonably. I think the time has come when we will have to start with mid-corporate and large corporate also to accelerate this credit. And I want to hear your plans for that to overall, how do we increase the total credit growth because for the bank to remain in good profits, ultimately the credit is the main business of the bank. What do we expect now? How do we go about it, sir?
Thanks for such a reassuring statement, sir. Sir, my second one is something, some color on the treasury because the treasuries generally are under pressure in every bank because of the rate movement. But still, in our case, in the other income, our treasu ry profit has gone down to Rs. 192 crores from Rs. 961 crores in the last quarter. Similarly, there is a depreciation also, which has also gone up by almost Rs. 192 crores. So, going forward, how do we see the treasury movement, like apart from the changes due to the rates? Now, since the better time will be there in this second half for the treasury with further 125 basis rates cut expected, can you throw some light on the treasury going forward for the income as well as the income which comes in the other income?