Union Bank of India CC-Jun24.pdf · 2024-07-20
My only little observation and concern, ma'am, is on the credit and deposit growth, especially in this quarter which is totally I mean muted, 0.59% domestic credit grew, and the deposit reduced from Rs.11,99,197 crores to Rs.11,96,168 crores as far as the domestic deposits are concerned. So, this is my first question that in the remaining quarters like when we have to grow our credit books even as per your target of almost about Rs.1,10,000 crores, that is almost about Rs.36,000 crores per quarter minimum, how do we plan to grow that credit book and equally the deposit also, and which are the areas from where, because our agri portfolio has already grown much?
Ma'am, just due to the change in the classification and valuation norms of the investment, our AFS, there is an increase of Rs.1,702 crores which has gone to the general reserve. But, if you take it, our net worth which was Rs.87,601 crores given in the result and if you add the profit of Rs.3,678 crores, the total should come to Rs.91,279 crores but it is Rs.93,748 crores. So, net worth has gone up by Rs.2,470 crores versus the AFS increase in the valuation of the general reserve of Rs.1,702 crores. So, about Rs.700 crores has gone further into the res erve if you look at the networth difference between the March end and the June quarter. So, what is that component of that Rs.700 crores, the additional increase in the networth, is it zero coupon bond, some calculation?