Union Bank of India
Union Bank of India is engaged in the Business of Banking Services, Government Business ,Merchant Banking, Agency Business Insurance, Mutual Funds, Wealth Management etc.
What Union files
- Investor Meet145
- Others107
- Updates41
- Important37
- Credit Ratings15
- Board Meeting12
Union Bank of India has been notified of upcoming nationwide employee strikes across multiple dates, which may impact branch and office operations nationwide. Management is taking necessary steps to ensure smooth functioning, while the exact financial and operational impact remains unquantifiable at this stage.
Union Bank of India received a ₹3.09 lakh penalty from RBI. The fine relates to issues with counterfeit/mutilated currency and shortage detected during inspection. The bank states the financial impact is not significant.
Union Bank's Q1FY27 Net Profit surged to ₹5,332 Cr (+29.57% YoY). Gross Advances jumped 12.50% YoY, Total Deposits +3.50% YoY. Asset quality strengthened as Gross NPA fell to 2.65% (-87bps YoY) & Net NPA to 0.47%.
Union Bank reported strong Q1 results with consolidated Net Profit of 564.15 Cr. Asset quality improved significantly, with Gross NPAs at 2.65% and Net NPAs at 0.47%. The bank redeemed ₹850 Cr in Tier-II bonds and bolstered reserves with a ₹21,701.40 Cr IFR transfer.
Union Bank reports strong provisional growth. Gross Advances rose 12.50% YoY to ₹10,96,331 Cr, while Domestic Advances grew 13.11%. Domestic CASA Deposits increased 11.72% YoY to ₹4,50,220 Cr, pushing CASA % to 35.10%. CD Ratio reached 83.38%.