United Bank of India (Delisted) share price

BSE: 533171

Face value ₹10 · Listed Mar 2010

Last traded ₹4.50 on 20 Mar 2020

Delisted on 27 May 2020.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

Mar 2020
- 21 Mar · Updates
  Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank - Newspaper publication
- 19 Mar · Updates
  Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank
- 19 Mar · Business
  Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank
- 11 Mar · Suspension of Trading
  Members of the Exchange are hereby informed that the trading in Equity Shares of United Bank of India shall be suspended w.e.f. March 23, 2020 (i.e. closing hours of trading on March 20, 2020) on account of Scheme of Amalgamation of United Bank of India with Punjab National Bank.
- 6 Mar · Updates
  Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank - Newspaper publication
- 5 Mar · Corporate action
  Punjab national bank has fixed Record Date as March 25, 2020 as the Record date for Issuing and allotting equity share of Punjab national bank to the Shareholders of Oriental bank of Commerce and United bank of India as per the share exchange Ratio.

Q3 results, quarter to Dec 2019

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Total income: ₹2,971 Cr+4.4% on a year ago · −1.4% on the quarter before
Net profit: ₹114 Cr−8.3% on the quarter before
Earnings per share: ₹0.14−17.6% on the quarter before
Net interest income: ₹819 Cr
Profit before provisions: ₹637 Cr
Gross bad loans: 15.48%

From interest earned to net profit, ₹ crore

Interest earned2,411
Interest paid−1,591
Net interest income819
Other income+561
Operating expenses−743
Before provisions637
Set aside for bad loans−508
Profit before tax129
Tax−16
Net profit114

United Bank of India results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2019. Results for the quarter to Mar 2020 were due by 30 May 2020, 60 days after it ends. Every company's dates are on the results calendar.

Total income and net profit by quarter, ₹ crore

Total income
Net profit
Loss

Net interest income and money set aside for bad loans by quarter, ₹ crore

Net interest income
Set aside for bad loans

₹ crore	Mar 2015	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018Q1	Sep 2018	Dec 2018Q3	Mar 2019	Jun 2019Q1	Sep 2019	Dec 2019Q3
Total income	3,153	2,897	2,927	2,828	2,752	2,819	2,893	3,086	2,673	2,853	2,585	2,483	2,636	2,550	2,600	2,846	2,948	3,003	3,014	2,971
	2,572	2,534	2,553	2,471	2,379	2,429	2,232	2,272	2,352	2,073	2,076	2,005	2,188	2,155	2,123	2,068	2,213	2,374	2,440	2,411
On loans	1,787	1,713	1,725	1,650	1,541	1,604	1,424	1,403	1,462	1,337	1,347	1,176	1,200	1,282	1,253	1,226	1,301	1,413	1,482	1,433
On investments	775	743	768	759	770	759	743	801	757	604	657	685	694	733	750	765	828	858	852	893
On balances with the RBI and other banks	11	8	8	10	13	14	15	20	65	93	31	75	105	118	69	26	33	51	52	33
Other interest	0	71	53	53	55	53	50	48	67	39	41	69	189	22	51	52	52	53	54	51
Interest paid	1,861	1,906	1,914	1,863	1,973	1,884	1,856	1,911	1,850	1,818	1,699	1,657	1,674	1,610	1,681	1,688	1,607	1,647	1,667	1,591
Net interest income	711	628	639	608	405	546	376	361	502	255	376	348	514	545	443	380	607	727	773	819
Other income	581	363	374	357	374	390	661	814	321	779	509	478	448	395	477	778	735	629	574	561
	500	413	495	495	534	505	601	645	707	611	599	645	828	657	713	775	802	674	748	743
Employee costs	–	–	–	–	–	–	–	406	–	384	370	391	568	438	491	502	524	449	460	484
Other operating expenses	–	–	–	–	–	–	–	239	–	227	229	254	261	219	222	274	278	225	288	259
Profit before provisions	792	578	518	470	245	430	437	530	116	424	286	182	133	283	206	383	540	683	599	637
Set aside for bad loans	676	494	398	458	1,173	378	401	589	1,059	758	753	1,074	1,385	856	1,481	1,967	1,688	572	436	508
Exceptional items	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0
Profit before tax	116	85	121	12	−928	52	36	−58	−943	−335	−467	−893	−1,252	−574	−1,275	−1,585	−1,148	111	162	129
Tax	11	32	59	−5	−515	14	−8	−122	−1,017	−123	−122	−255	−991	−185	−392	−445	−1,243	6	38	16
Net profit	105	52	62	17	−413	38	44	64	74	−211	−345	−638	−261	−389	−883	−1,139	95	105	124	114
Earnings per share	–	–	–	–	–	–	–	₹0.48	₹0.55	−₹1.52	–	−₹4.08	−₹1.69	−₹1.29	−₹2.93	−₹3.75	₹0.23	₹0.14	₹0.17	₹0.14
Diluted earnings per share	–	–	–	–	–	–	–	₹0.48	₹0.55	−₹1.52	–	−₹4.08	−₹1.69	−₹1.29	−₹2.93	−₹3.75	₹0.23	₹0.14	₹0.17	₹0.14

Earnings per share in rupees, restated for later splits and bonuses. Employee costs and other operating expenses are left blank for the quarters to Mar 2015, Jun 2015, Sep 2015, Dec 2015, Mar 2016, Jun 2016, Sep 2016 and Mar 2017: the lines stated do not add to the total the filing states, so the split is not given.

Figure	Mar 2015	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018Q1	Sep 2018	Dec 2018Q3	Mar 2019	Jun 2019Q1	Sep 2019	Dec 2019Q3
Gross bad loans, ₹ crore	6,553	65,328	6,112	6,722	9,471	0	11,134	10,845	10,952	12,165	–	13,721	16,552	15,169	15,163	14,738	12,053	11,640	11,544	11,457
Net bad loans, ₹ crore	4,081	40,912	3,677	3,965	6,111	0	7,185	6,730	6,592	7,270	–	7,365	10,316	9,233	8,658	7,490	5,786	5,496	5,381	5,852
Gross bad loans, % of loans	–	–	–	–	–	–	–	15.98%	15.53%	17.17%	18.80%	20.10%	24.10%	22.70%	22.70%	21.27%	16.48%	15.89%	15.51%	15.48%
Net bad loans, % of loans	–	–	–	–	–	–	–	10.62%	10.02%	11.10%	–	11.96%	16.49%	15.20%	14.40%	12.08%	8.67%	8.19%	7.88%	8.56%
Bad loans already provided for	37.72%	37.37%	39.84%	41.01%	35.48%	35.01%	35.47%	37.95%	39.81%	40.24%	–	46.32%	37.67%	39.14%	42.90%	49.18%	52.00%	52.78%	53.39%	48.92%
Core equity to risk-weighted loans	–	–	–	–	–	–	–	8.47%	8.50%	8.05%	7.48%	6.28%	8.39%	8.10%	5.80%	7.10%	10.14%	9.94%	12.29%	12.22%
Held by the government	–	–	–	–	–	–	–	88.72%	85.23%	85.23%	86.81%	86.80%	93.13%	93.20%	92.30%	92.25%	96.83%	96.83%	96.83%	97.41%

Per cent, and the bad loans themselves in ₹ crore. A non-performing loan is one the borrower has stopped paying, generally for 90 days.

The quarters either side of a change of basis do not compare. From the quarter to Mar 2017, the company's revenue for the year to Mar 2017, ₹11,615 Cr, differs from its quarters added, ₹11,472 Cr.

Segment results by quarter

Standalone, ₹ crore, quarters to Dec 2019.

TREASURY OPERATIONS
Revenue, ₹ crore
1,121
1,147
1,301
1,173
1,323
1,200
1,245
Jun 18Sep 18Dec 18Mar 19Jun 19Sep 19Dec 19
Profit, ₹ crore
378
377
644
523
676
447
605
Jun 18Sep 18Dec 18Mar 19Jun 19Sep 19Dec 19
RETAIL BANKING
Revenue, ₹ crore
704
791
869
1,047
874
982
1,010
Jun 18Sep 18Dec 18Mar 19Jun 19Sep 19Dec 19
Profit, ₹ crore
278
348
3,263
−2,266
418
499
515
Jun 18Sep 18Dec 18Mar 19Jun 19Sep 19Dec 19
CORPORATE/WHOLESALE BANKING
Revenue, ₹ crore
698
608
619
654
749
773
661
Jun 18Sep 18Dec 18Mar 19Jun 19Sep 19Dec 19
Profit, ₹ crore
163
51
3,720
−3,663
174
203
156
Jun 18Sep 18Dec 18Mar 19Jun 19Sep 19Dec 19
OTHER BANKING OPERATION
Revenue, ₹ crore
5
3
4
22
4
5
4
Jun 18Sep 18Dec 18Mar 19Jun 19Sep 19Dec 19
Profit, ₹ crore
5
3
4
22
4
5
4
Jun 18Sep 18Dec 18Mar 19Jun 19Sep 19Dec 19

₹ crore	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019
Revenue of all businesses	2,528	2,549	2,794	2,896	2,950	2,960	2,920
Company revenue, as in its results	2,550	2,600	2,846	2,948	3,003	3,014	2,971
Revenue	1,121	1,147	1,301	1,173	1,323	1,200	1,245
Revenue growth	–	–	–	–	18.1%	4.6%	−4.3%
Profit	378	377	644	523	676	447	605
Profit growth	–	–	–	–	78.8%	18.8%	−6.0%
Margin	33.7%	32.8%	49.5%	44.6%	51.1%	37.3%	48.6%
Assets	64,285	63,790	60,291	62,406	56,519	62,002	61,437
Liabilities	61,992	62,036	58,333	59,835	54,100	58,617	58,029
Revenue	704	791	869	1,047	874	982	1,010
Revenue growth	–	–	–	–	24.1%	24.1%	16.2%
Profit	278	348	3,263	−2,266	418	499	515
Profit growth	–	–	–	–	50.3%	43.3%	−84.2%
Margin	39.5%	44.0%	375.4%	−216.5%	47.8%	50.8%	51.0%
Assets	26,982	26,741	26,866	29,225	29,737	30,832	31,865
Liabilities	26,028	26,014	26,002	28,020	28,464	29,142	30,092
Revenue	698	608	619	654	749	773	661
Revenue growth	–	–	–	–	7.3%	27.0%	6.8%
Profit	163	51	3,720	−3,663	174	203	156
Profit growth	–	–	–	–	6.8%	296.4%	−95.8%
Margin	23.4%	8.4%	601.1%	−559.8%	23.2%	26.3%	23.6%
Assets	33,859	33,617	35,392	37,730	37,469	37,589	36,664
Liabilities	32,652	32,686	34,249	36,170	35,860	35,512	34,610
Revenue	5	3	4	22	4	5	4
Profit	5	3	4	22	4	5	4
Margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Assets	0	0	0	0	0	0	0
Liabilities	0	0	0	0	0	0	0
Revenue	22	51	53	52	53	54	51
Profit	−541	−572	−7,249	5,924	−589	−556	−643
Assets	0	18,519	0	22,169	25,900	22,163	0
Liabilities	0	14,331	0	16,006	19,551	15,830	0

Profit is before tax and finance costs, the way companies report their segments.

10 years at a glance

Standalone, laid out as a bank files them.

Net interest income, Net profit, ₹ crore

Net interest income
Net profit
Loss

Gross bad loans, per cent

Gross bad loans

United Bank of India business segments, year to Mar 2019

A reportable segment is a line of business the company must report on its own. Standalone, ₹ crore, as the company reports them.

Revenue by segment

₹10,767 CrTotal

Treasury Operations₹4,743 Cr44.1% of total
Retail Banking₹3,412 Cr31.7% of total
Corporate/Wholesale Banking₹2,579 Cr24.0% of total
Other Banking operation₹33 Cr0.3% of total

Profit by segment

Treasury Operations₹1,922 Cr49.9% of total
Retail Banking₹1,623 Cr42.2% of total
Corporate/Wholesale Banking₹271 Cr7.0% of total
Other Banking operation₹33 Cr0.9% of total

Segment results by year

Standalone, ₹ crore, years to March.

Treasury Operations
Revenue, ₹ crore
4,743
Mar 19
Profit, ₹ crore
1,922
Mar 19
Retail Banking
Revenue, ₹ crore
3,412
Mar 19
Profit, ₹ crore
1,623
Mar 19
Corporate/Wholesale Banking
Revenue, ₹ crore
2,579
Mar 19
Profit, ₹ crore
271
Mar 19
Other Banking operation
Revenue, ₹ crore
33
Mar 19
Profit, ₹ crore
33
Mar 19

₹ crore	Mar 2019
Revenue of all businesses	10,767
Company revenue, as in its results	10,944
Revenue	4,743
Profit	1,922
Margin	40.5%
Assets	62,406
Liabilities	59,835
Revenue	3,412
Profit	1,623
Margin	47.6%
Assets	29,225
Liabilities	28,020
Revenue	2,579
Profit	271
Margin	10.5%
Assets	37,730
Liabilities	36,170
Revenue	33
Profit	33
Margin	100.0%
Assets	0
Liabilities	0
Revenue	177
Profit	−2,438
Assets	22,169
Liabilities	16,006

Profit is before tax and finance costs, the way companies report their segments.

Income

₹ crore, years to March. Employee costs and other operating expenses are left blank for the years to Mar 2010, Mar 2011, Mar 2012, Mar 2013, Mar 2014, Mar 2015 and Mar 2016: the lines stated do not add to the total the filing states, so the split is not given.

₹ crore	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Total income	5,808	6,979	8,694	10,318	11,806	11,927	11,404	11,615	10,556	10,944
	5,249	6,341	7,961	9,251	10,599	10,180	9,937	9,428	8,342	8,560
On loans	3,680	4,634	6,034	6,899	7,817	7,041	6,628	6,036	5,060	5,061
On investments	1,546	1,673	1,878	2,259	2,598	3,048	3,039	3,060	2,639	3,077
On balances with the RBI and other banks	6	10	16	63	141	90	38	114	304	246
Other interest	17	25	34	29	44	1	231	217	338	176
Interest paid	3,858	4,172	5,482	6,764	8,036	7,690	7,656	7,500	6,849	6,585
Net interest income	1,391	2,169	2,479	2,487	2,563	2,491	2,281	1,928	1,493	1,975
Other income	559	637	733	1,067	1,207	1,747	1,468	2,187	2,215	2,385
	1,074	1,299	1,383	1,504	1,708	1,810	1,936	2,561	2,683	2,948
Employee costs	–	–	–	–	–	–	–	1,624	1,713	1,954
Other operating expenses	–	–	–	–	–	–	–	937	971	993
Profit before provisions	876	1,507	1,829	2,050	2,062	2,428	1,812	1,553	1,024	1,412
Set aside for bad loans	465	838	973	1,759	3,618	1,974	2,522	2,467	3,971	5,992
Exceptional items	–	–	–	–	–	–	–	–	–	0
Profit before tax	411	669	856	291	−1,556	454	−711	−914	−2,947	−4,581
Tax	88	145	224	−101	−343	198	−429	−1,134	−1,492	−2,265
Net profit	322	524	633	392	−1,213	256	−282	220	−1,454	−2,316
Earnings per share	–	–	–	–	–	–	–	₹1.86	−₹9.65	−₹7.04
Diluted earnings per share	–	–	–	–	–	–	–	₹1.86	−₹9.65	−₹7.04

Balance sheet

₹ crore, at 31 March.

₹ crore	Mar 2019
Total assets	1,51,530
Cash and balances with the RBI	6,169
With banks and at call	3,495
Loans given	66,955
Investments	60,976
Fixed assets	1,240
Other assets	12,695
Deposits	1,34,983
Borrowings	2,204
Other liabilities and provisions	2,844
	11,499
Share capital	7,428
Reserves	4,071

Bad loans and capital

Per cent, and the bad loans themselves in ₹ crore. A non-performing loan is one the borrower has stopped paying, generally for 90 days.

Figure	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Gross bad loans, ₹ crore	1,372	1,356	2,176	2,964	7,118	6,553	9,471	1,09,520	16,552	12,053
Net bad loans, ₹ crore	779	757	1,076	1,970	4,664	4,081	6,111	65,919	10,316	5,786
Gross bad loans, % of loans	–	–	–	–	–	–	–	15.53%	24.10%	16.48%
Net bad loans, % of loans	–	–	–	–	–	–	–	10.02%	16.49%	8.67%
Bad loans already provided for	43.27%	44.13%	50.58%	33.53%	34.47%	37.72%	35.48%	39.81%	37.67%	52.00%
Core equity to risk-weighted loans	–	–	–	–	–	–	–	8.46%	8.39%	10.14%
Held by the government	–	–	–	–	–	–	–	85.23%	93.13%	96.83%

Margins and returns

Per cent a year, on the average of the opening and closing balance sheets.

Per cent	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Cost to income	55.08%	46.30%	43.06%	42.32%	45.31%	42.70%	51.66%	62.26%	72.38%	67.62%
Loans to deposits	–	–	–	–	–	–	–	–	–	49.60%

Standalone, ₹ per share, years to March.

₹ per share	Mar 2017	Mar 2018	Mar 2019
Earnings per share	₹1.86	−₹9.65	−₹7.04
Diluted earnings per share	₹1.86	−₹9.65	−₹7.04
Market cap at the year end (₹ crore)	3,081	1,976	3,371

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2019.

Measure	10 years	5 years	3 years
Net margin, average	−2.0%	−6.7%	−11.0%

Where the return came from

Yearly rates to Mar 2019, per-share figures restated for splits and bonuses.

Over	Return a year	Earnings growth	Change in P/E	Dividend yield
1 year	−12.3%	–	–	0.0%
3 years	−16.5%	–	–	0.0%
5 years	−18.8%	–	–	0.0%

Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.

United Bank of India share price by year

Each calendar year to 2020.

Year	Close at year end	Change	Highest close	Lowest close
2020	4.50	−49.2%	9.15	4.45
2019	8.85	−28.6%	12.85	7.05
2018	12.40	−29.9%	18.55	9.45
2017	17.70	−11.3%	27.95	17.05
2016	19.95	−8.9%	24.80	16.95
2015	21.90	−46.8%	45.15	20.65

₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2020 close is its last trade, on 20 Mar 2020.

Recent sessions

The 10 trading days to 20 Mar 2020, as traded on BSE.

Date	Open	High	Low	Close	Average price	Volume
20 Mar 2020	4.50	4.70	4.40	4.50	4.54	9,77,732
19 Mar 2020	4.45	4.65	4.15	4.45	4.31	23,24,492
18 Mar 2020	4.70	4.75	4.40	4.50	4.53	7,65,251
17 Mar 2020	4.65	4.85	4.55	4.65	4.70	8,83,135
16 Mar 2020	4.85	4.90	4.50	4.65	4.67	10,37,212
13 Mar 2020	4.25	5.00	4.20	4.75	4.53	17,94,770
12 Mar 2020	5.10	5.10	4.50	4.65	4.68	18,84,646
11 Mar 2020	5.50	5.80	5.25	5.30	5.46	14,56,997
9 Mar 2020	5.60	5.70	5.10	5.35	5.30	23,62,749
6 Mar 2020	6.00	6.40	6.00	6.00	6.05	24,65,287

Prices in ₹ per share as traded, not adjusted.

Company details

BSE code: 533171
ISIN: INE695A01019
Former symbols: UNITEDBNK
Website: www.unitedbankofindia.com
Registered office: United Towe, 11, Hemanta Basu Sarani, Kolkata 700001, West Bengal
Share registrar: Link Intime India Pvt. Ltd; Keeps the register of shareholders and handles transfers and dividend payments

Last announcements

Mar 2020

Share price history

Daily close, ₹ per share