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UNIONBANK - Union Bank (I)

📊 NSE: UNIONBANK 🏢 Banks - Public Sector 📅 Last Updated: 12/14/2025 14:44

📢 Recent Corporate Announcements

Union Bank FY26 Net Profit at ₹18,697 Cr; GNPA drops to 2.82%; ₹5 Dividend declared

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 29 Apr 2026, 07:43 PM

Union Bank of India reported a net profit of ₹18,697 crore for FY26, supported by a 9.74% growth in gross advances. Asset quality showed significant improvement with Gross NPA at 2.82% and Net NPA at 0.48%. The bank successfully shifted focus toward retail deposits, increasing its CASA ratio to 35.21% from 32.51% in the previous half-year. A dividend of ₹5 per share has been recommended, reflecting a payout ratio of approximately 20.6%.

FY26 Net Profit reached ₹18,697 crore with Interest Income at approximately ₹1.06 lakh crore
Gross NPA reduced by 78 bps Y-o-Y to 2.82%; Net NPA stands at a low 0.48%
RAM (Retail, Agri, MSME) segment grew 12.56% Y-o-Y, with MSME specifically up 18.75%
Capital Adequacy Ratio (CRAR) improved to 18.10% with a strong CET1 of 15.69%
Board recommended a dividend of ₹5 per share (50% of face value) for FY26

💡 Investors should maintain a positive outlook as the bank demonstrates efficient capital management and a successful transition toward a retail-heavy deposit base. Monitor the Net Interest Margin (NIM) stability in upcoming quarters given the changing interest rate environment.

Union Bank of India Releases Audio Recording of Q4 FY26 Post-Earnings Call

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 23 Apr 2026, 06:27 PM

Union Bank of India has released the audio recording of its post-earnings conference call held on April 23, 2026. The call focused on the bank's audited standalone and consolidated financial results for the quarter and full financial year ended March 31, 2026. This disclosure provides transparency, allowing investors to hear management's detailed commentary on the bank's performance and future outlook. The filing is a routine regulatory requirement under SEBI (LODR) Regulations, 2015.

Audio recording of the earnings call held on April 23, 2026, is now available for public access.
The call covered audited financial results for the quarter and year ended March 31, 2026.
Compliance with SEBI (LODR) Regulations 30 and 46 regarding disclosures to institutional investors.
The recording can be accessed via the official bank website link provided in the disclosure.

💡 Investors should listen to the recording to understand management's guidance on asset quality and margin outlook for the next fiscal year. No immediate trading action is required based on this procedural update.

Union Bank FY26 Net Profit at ₹18,697 Cr; Gross NPA Drops to 2.82%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 23 Apr 2026, 01:32 PM

Union Bank of India reported a net profit of ₹18,697 crore for FY26, marking a 3.95% YoY increase. Asset quality showed marked improvement with Gross NPA at 2.82% and Net NPA at 0.48%, down from 3.60% and 0.63% respectively. The bank's total business reached ₹23.85 lakh crore, supported by a 9.74% growth in advances. A dividend of ₹5.00 per share was recommended, reflecting a 50% payout on face value.

Net Profit for FY26 stood at ₹18,697 crore; Q4 profit rose 5.96% QoQ to ₹5,316 crore
Gross NPA improved by 78 bps YoY to 2.82% and Net NPA reached a low of 0.48%
RAM (Retail, Agri, MSME) segment grew 12.56% YoY, now accounting for 57.49% of domestic advances
Capital Adequacy Ratio (CRAR) strengthened to 18.10% with CET-1 improving to 15.69%
Net Interest Margin (NIM) for FY26 stood at 2.70% compared to 2.91% in the previous year

💡 Investors should find the significant improvement in asset quality and robust capital position encouraging for long-term holding. The steady growth in the high-yield RAM segment and the ₹5 dividend provide a healthy return profile despite slight NIM compression.

Union Bank Q4 FY26 Net Profit Rises 6.6% to ₹5,316 Cr; GNPA Improves to 2.82%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 23 Apr 2026, 01:25 PM

Union Bank of India reported a steady performance for Q4 FY26, with net profit growing 6.6% YoY to ₹5,316 crore. While Net Interest Income (NII) saw a marginal decline of 1.1% and NIMs compressed to 2.64%, the bank showed significant improvement in asset quality, with GNPA dropping to 2.82% and NNPA to 0.48%. Credit growth was led by the RAM segment (Retail, Agri, MSME), which grew by 12.56% YoY. Capital adequacy remains robust with a CRAR of 18.10% and a high Provision Coverage Ratio of 95.03%.

Net Profit increased 6.6% YoY to ₹5,316 crore for Q4 FY26, with full-year FY26 profit at ₹18,697 crore.
Asset quality improved significantly with GNPA at 2.82% and NNPA at 0.48% compared to 3.60% and 0.63% in the previous year.
RAM advances (Retail, Agri, MSME) grew by 12.56% YoY, now accounting for 55% of the domestic loan book.
Capital position strengthened with CET-1 ratio rising to 15.69% and CRAR to 18.10% as of March 2026.
Credit Cost for Q4 FY26 stood at a very low 0.16% compared to 0.69% in Q4 FY25.

💡 Investors should focus on the bank's superior asset quality and improving capital ratios which provide a strong buffer for future growth. While NIM compression is a industry-wide challenge, the bank's shift towards high-yield RAM segments and exceptionally low credit costs support a positive long-term outlook.

Union Bank Q4 FY26 Net Profit Rises 6.6% to ₹5,316 Cr; GNPA Improves to 2.82%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 23 Apr 2026, 01:15 PM

Union Bank of India reported a steady Q4 FY26 with net profit increasing to ₹5,316 crore from ₹4,985 crore YoY. The bank demonstrated significant improvement in asset quality, with GNPA falling to 2.82% and NNPA reaching a low of 0.48%. While Net Interest Margin (NIM) compressed to 2.64% from 2.87% YoY, credit costs dropped sharply to 0.16%. Loan growth was healthy at 9.74% YoY, primarily driven by a 12.56% growth in the Retail, Agri, and MSME (RAM) segments.

Net Profit grew 6.6% YoY to ₹5,316 crore for the quarter ended March 2026.
Asset quality improved significantly with GNPA at 2.82% (down 78 bps YoY) and NNPA at 0.48% (down 15 bps YoY).
RAM advances grew by 12.56% YoY, now accounting for 55% of the domestic loan mix.
Provision Coverage Ratio (PCR) remains robust at 95.03% as of March 31, 2026.
Capital Adequacy Ratio (CRAR) stands strong at 18.10% with CET-1 at 15.69%.

💡 The bank's focus on cleaning up the balance sheet and growing the high-yield RAM segment is yielding results. Investors should monitor the NIM compression but remain positive on the stock due to superior asset quality and strong capital buffers.

Union Bank of India Recommends Final Dividend of ₹5 per Share for FY 2025-26

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 23 Apr 2026, 01:07 PM

Union Bank of India's Board of Directors has recommended a final dividend of ₹5 per equity share for the financial year ended March 31, 2026. The recommendation was made during the board meeting held on April 23, 2026, where the bank also approved its audited financial results. This dividend is subject to the approval of shareholders at the upcoming 24th Annual General Meeting. The payout represents a 50% return on the face value of ₹10 per share.

Recommended a final dividend of ₹5 per equity share for the financial year 2025-26
Dividend is calculated on a face value of ₹10 per equity share
Subject to shareholder approval at the 24th Annual General Meeting
Board meeting concluded at 12:25 p.m. on April 23, 2026
Dates for book closure and dividend payment to be announced in due course

💡 Investors should monitor for the announcement of the record date to ensure eligibility for the ₹5 per share dividend. The dividend recommendation signals management's confidence in the bank's capital position and profitability.

Union Bank of India Recommends ₹5 Dividend and Approves FY26 Audited Results

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 23 Apr 2026, 12:49 PM

Union Bank of India has announced its audited financial results for the quarter and full year ended March 31, 2026. The Board of Directors has recommended a dividend of ₹5 per equity share of face value ₹10 for the financial year 2025-26. The bank reported no deviations in the utilization of funds raised through equity or non-convertible debt during the period. This dividend is subject to shareholder approval at the upcoming 24th Annual General Meeting.

Board recommended a dividend of ₹5 per equity share (50% of face value) for FY 2025-26
Audited standalone and consolidated financial results for the year ended March 31, 2026, approved
NIL statement of deviation regarding the utilization of proceeds from equity and debt issues
Dividend payment is pending approval at the 24th Annual General Meeting
Security cover certificate for non-convertible debt securities confirmed as per SEBI formats

💡 Investors should review the detailed financial statements for improvements in asset quality and NIMs. The ₹5 dividend offers a tangible return, making the stock attractive for yield-seeking investors ahead of the AGM.

Union Bank of India Schedules Q4 & FY26 Earnings Call for April 23, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 20 Apr 2026, 07:32 PM

Union Bank of India has scheduled its earnings conference call for April 23, 2026, at 12:45 PM IST to discuss the audited financial results for the quarter and full year ended March 31, 2026. The call will be led by the bank's top management, including MD & CEO Shri Asheesh Pandey and four Executive Directors. This interaction provides institutional investors and analysts a platform to evaluate the bank's annual performance and future growth strategy. The bank has clarified that no unpublished price-sensitive information will be shared during the session.

Earnings call scheduled for April 23, 2026, at 12:45 Hours IST.
Management representation includes MD & CEO and four Executive Directors.
Discussion to cover audited standalone and consolidated financial results for FY 2025-26.
International dial-in facilities provided for USA, UK, Singapore, and Hong Kong.

💡 Investors should listen to the call for management's outlook on credit growth, margin sustainability, and asset quality trends for the upcoming fiscal year.

Union Bank of India Director Suraj Srivastava Ceases Office After Tenure Completion

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 10 Apr 2026, 07:55 PM

Union Bank of India has announced the cessation of Shri Suraj Srivastava as a Part-time Non-Official Director on its Board. The change follows the completion of his one-year tenure on April 10, 2026. Consequently, he ceased to be a Director of the bank effective from April 11, 2026. This is a routine administrative update in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shri Suraj Srivastava completed his designated one-year tenure on April 10, 2026.
Cessation from the Board of Directors is effective from April 11, 2026.
The departure is categorized as a routine completion of term rather than a resignation.
The filing was made under Regulation 30 of the SEBI (LODR) Regulations, 2015.

💡 No action is required as this is a routine board rotation. Investors should continue to monitor the bank's upcoming appointments to ensure the board remains well-structured.

Union Bank Reports Zero Promoter Share Pledges for FY26; Govt Holds 74.76% Stake

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 02 Apr 2026, 05:13 PM

Union Bank of India has submitted its annual disclosure under SEBI (SAST) Regulations for the period ending March 31, 2026. The filing confirms that the President of India, the bank's promoter, maintains a 74.76% stake consisting of 5,70,66,60,850 shares. Importantly, the promoter has not pledged or encumbered any shares during the financial year. This routine disclosure reaffirms the stability of the government's controlling interest in the bank.

Promoter holding remains at 74.76% as of March 31, 2026
Total shares held by the President of India amount to 5,70,66,60,850
No direct or indirect encumbrances were made on promoter shares during the fiscal year

💡 No immediate action is required as this is a standard regulatory filing. The lack of share pledges is a positive but expected characteristic of government-owned banks.

Union Bank of India Elevates Three General Managers to Chief General Manager Positions

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 01 Apr 2026, 04:27 PM

Union Bank of India has announced the promotion of three senior officials to the rank of Chief General Manager (CGM) effective April 1, 2026. The promoted executives—Shri K Pramod Kumar Reddy, Shri Sumit Srivastava, and Shri Dhirendra Jain—bring a combined banking experience of over 65 years to their new roles. These internal elevations cover critical functional areas including Finance and Accounts, Ecosystem Banking, and Rural Banking. This move signifies the bank's commitment to internal leadership development and continuity in senior management.

Shri K Pramod Kumar Reddy promoted to CGM with over 28 years of extensive banking experience.
Shri Sumit Srivastava elevated to CGM with 21+ years of experience, currently overseeing Ecosystem Banking.
Shri Dhirendra Jain, a Chartered Accountant with 16+ years of experience, promoted to CGM (Finance and Accounts).
All three promotions are effective from April 1, 2026, ensuring stability in core operational departments.

💡 These are routine internal promotions at the senior management level and do not require any immediate change in investment strategy. Investors should remain focused on the bank's upcoming quarterly financial results and credit growth trends.

Union Bank of India Announces Trading Window Closure from April 1, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Mar 2026, 03:43 PM

Union Bank of India has announced the closure of its trading window for all designated persons and their relatives starting April 1, 2026. This move is a standard regulatory requirement under SEBI's Prohibition of Insider Trading Regulations ahead of the release of financial results. The closure pertains to the audited financial results for the quarter and full financial year ending March 31, 2026. The window will reopen 48 hours after the bank officially declares its financial results to the stock exchanges.

Trading window closure effective from April 1, 2026.
Applies to the audited financial results for the quarter and year ending March 31, 2026.
Window remains closed until 48 hours after the declaration of financial results.
Board meeting date for result approval to be announced in due course.

💡 This is a routine regulatory filing and requires no immediate action from retail investors. Monitor the bank's future announcements for the specific date of the board meeting to review the FY2026 financial performance.

Union Bank of India Engages with 20 Institutional Investors in Virtual Meet

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Mar 2026, 07:21 PM

Union Bank of India participated in a virtual group investor meeting on March 24, 2026, hosted by Kotak Securities. The meeting involved 20 high-profile domestic and international institutional investors, including Tata Asset Management, UTI AMC, and Millennium Partners. The bank confirmed that the discussions were based on existing publicly available information, adhering to SEBI disclosure regulations. This interaction is part of the bank's routine investor relations program to maintain transparency with the market.

Meeting conducted on March 24, 2026, between 4:00 PM and 5:00 PM via virtual mode.
A total of 20 institutional investors participated, including major AMCs like Aditya Birla Sun Life and Bandhan AMC.
International participants included Wellington Management Company LLP and Citadel Advisors Singapore.
The bank utilized only publicly available documents for all discussions during the interaction.
Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 No immediate action is required as the meeting did not disclose any new material or price-sensitive information. Investors should continue to track the bank's quarterly financial performance and NPA trends.

Union Bank of India Conducts Virtual Investor Meet with 20 Institutional Firms

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Mar 2026, 07:17 PM

Union Bank of India participated in a virtual group investor and analyst meeting on March 24, 2026, organized by Kotak Securities Limited. The meeting saw participation from 20 major institutional entities, including domestic giants like Aditya Birla Sun Life AMC, Tata Asset Management, and UTI AMC. International firms such as Millennium Partners and Marshall Wace were also in attendance. The bank confirmed that all discussions were based on publicly available information, adhering to SEBI disclosure regulations.

Participated in a virtual group meeting on March 24, 2026, hosted by Kotak Securities.
Engaged with a total of 20 high-profile institutional investors and asset management companies.
Key domestic participants included Bandhan AMC, UTI AMC, and Tata Asset Management.
International representation featured firms like Schonfeld Strategic Advisors and Wellington Management Company.
Discussions were strictly limited to publicly available documents as per SEBI Regulation 30.

💡 This is a routine disclosure of institutional engagement and does not contain new financial data. Investors should continue to track the bank's quarterly earnings and NPA trends for fundamental assessment.

Union Bank of India Raises ₹3,000 Crore via Long-Term Bonds at 7.16% Coupon

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 20 Mar 2026, 07:24 PM

Union Bank of India has successfully raised ₹3,000 crore through the issuance of long-term bonds dedicated to infrastructure and affordable housing. The issue saw significant institutional interest, receiving total bids of ₹9,379.82 crore, which represents a 3.12x oversubscription of the base issue size. The bank opted to accept the base amount of ₹3,000 crore at a competitive coupon rate of 7.16% per annum. This move strengthens the bank's long-term liability profile and supports its lending capacity in high-priority sectors.

Successfully raised ₹3,000 crore via senior, rated, unsecured, long-term non-convertible bonds
The issue was oversubscribed 3.12 times with total bids amounting to ₹9,379.82 crore
Fixed coupon rate set at 7.16% per annum for the private placement
Funds are specifically earmarked for financing infrastructure and affordable housing projects
Total of 48 bids received from Qualified Institutional Buyers, with 14 bids accepted

💡 The strong oversubscription and competitive pricing reflect high institutional confidence in the bank's credit profile. Investors should monitor how this low-cost long-term funding impacts the bank's margins and credit growth in the infrastructure sector.

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💰 Financial Performance

Revenue Growth by Segment

Total income (net of interest expense) for H1 FY2026 was INR 28,621 Cr. The loan book is composed of Retail (25.31%), Agriculture (17.87%), MSME (15.64%), and Corporate/Others (41.18%). Business growth was 4.8% over the last 6 quarters, moving from INR 21.08 lakh Cr to INR 22.09 lakh Cr.

Geographic Revenue Split

Not disclosed in available documents, though the bank operates a pan-India network of 8,655 branches as of September 30, 2025.

Profitability Margins

Net Profit for Q2 FY2026 was INR 4,249 Cr, up 3.25% QoQ but down 9.97% YoY. Operating Profit for H1 FY2026 stood at INR 13,723 Cr, a decline of 13.68% YoY. Return on Assets (RoA) was 1.13% in H1 FY2026 compared to 1.25% in FY2025.

EBITDA Margin

Operating Profit as a percentage of Average Total Assets (ATA) moderated to 1.70% in H1 FY2026 from 2.13% in H1 FY2025. Core operating profitability remains healthy but is under pressure due to NIM compression.

Capital Expenditure

The bank raised INR 8,000 Cr via a Qualified Institutional Placement (QIP) in FY2024 to bolster capital cushions. Specific planned CAPEX for infrastructure was not disclosed.

Credit Rating & Borrowing

The bank maintains a strong credit profile with a solvency level of 4.99% as of September 30, 2025. The overall cost of funds was 5.46% in H1 FY2026, which is higher than the Public Sector Bank average of 5.11%.

⚙️ Operational Drivers

Raw Materials

For Union Bank, 'raw materials' are deposits: CASA (32.6% of total deposits) and Term Deposits (67.4% of total deposits).

Import Sources

Not applicable for banking operations; resources are sourced domestically through a network of 8,655 branches.

Key Suppliers

Not applicable for banking operations; the 'suppliers' are the bank's retail and corporate depositors.

Capacity Expansion

Current capacity is 8,655 branches as of September 30, 2025. The bank is focusing on digital transformation and IT as an enabler to capitalize on customer service and staff ease of doing business.

Raw Material Costs

Cost of funds was 5.46% in H1 FY2026. The bank consciously reduced high-cost bulk deposits by 21.85 percentage points to manage interest costs.

Manufacturing Efficiency

Credit-to-Deposit (CD) ratio was 77% as of September 30, 2025, with a target range of 78.5% to 80%.

Logistics & Distribution

Operating expenses for H1 FY2026 were INR 13,684 Cr, up 10.37% YoY from INR 12,399 Cr.

📈 Strategic Growth

Expected Growth Rate

9-10%

Growth Strategy

The bank aims to achieve system-level growth by shifting focus to the RAM (Retail, Agriculture, MSME) sector, targeting a share of 58-59% of the loan book. It is also pivoting from bulk deposits to retail term deposits and CASA to improve margins while maintaining a CD ratio of 78.5% to 80%.

Products & Services

Housing loans (42.29% of retail book), MSME loans, Agriculture loans, Corporate loans, and Savings/Current accounts.

Brand Portfolio

Union Bank of India, Unionites (staff branding).

New Products/Services

Not specifically named, but the bank is focusing on 'granular' sustainable growth in the RAM sector.

Market Expansion

The bank is leveraging its 107-year history and 8,655 branches to maintain its position as a top-five Public Sector Bank.

Market Share & Ranking

Union Bank is one of the top five largest Public Sector Banks in India with total assets of INR 14,90,323 Cr.

🌍 External Factors

Industry Trends

The banking industry is seeing a shift toward digital banking and a transition toward the Expected Credit Loss (ECL) provisioning framework. System loan growth is currently around 11%, while Union Bank is trailing at 6% but aiming to converge by March 2026.

Competitive Landscape

Competes with other large PSBs; currently has a lower CASA ratio (33%) compared to the PSB average (36%).

Competitive Moat

The bank's moat is its extensive physical network of 8,655 branches and a 107-year-old brand heritage, providing a stable, low-cost resource base in rural and semi-urban areas.

Macro Economic Sensitivity

The bank's growth is tied to India's real GDP growth, projected at 6.7% for FY2026.

Consumer Behavior

Increasing shift toward digital banking; the bank is responding by enhancing its digital interface to reduce operating costs.

Geopolitical Risks

Geopolitical uncertainties are cited as a monitorable factor that could impact borrower repayment capacity and asset quality.

⚖️ Regulatory & Governance

Industry Regulations

The bank is preparing for the RBI's implementation of the Expected Credit Loss (ECL) framework, which will impact capital and provisioning requirements.

Environmental Compliance

The bank faces indirect environmental risks through its lending portfolio; it is monitoring climate transition risks for its borrowers.

Taxation Policy Impact

Tax provisions for H1 FY2026 were not explicitly totaled, but Q2 FY2026 saw a tax provision of INR 1,328 Cr.

Legal Contingencies

The bank monitors a 'vulnerable book' including SMA-1, SMA-2, and standard restructured accounts. Specific values for pending court cases were not disclosed.

⚠️ Risk Analysis

Key Uncertainties

The transition to the ECL framework is a major uncertainty for capital position. NIM compression due to rate cuts could impact profitability by 10-15% if spreads are not defended.