Union Bank of India(UNIONBANK)

NSE: UNIONBANKBSE: 532477

₹ 181.1+1.46%refreshed 26 Oct, 03:55 pm ISTMarket cap: ₹ 1.38 L crWebsite: www.unionbankofindia.co.inUpdated: 26 Oct 2026

About

Union Bank of India is a public sector bank offering retail, corporate/wholesale and treasury banking in India, with overseas branches in Sydney and Dubai DIFC and a subsidiary in London. It reported FY26 revenue of Rs 106,798.89 Cr. Global advances stood at ₹11.56 lakh cr as of Q2 FY27, up 18.53% YoY. Its share of export credit among scheduled commercial banks was 10.98% in March 2025.^[1][2]

Business segments

Retail Banking contributed 38.4% of revenue (₹47,573.99 Cr) in FY26. Its share rose 12.1 percentage points over FY2020-FY2026, the largest shift of any segment.^[3]
Corporate/Wholesale Banking contributed 35.8% of revenue (₹44,378.58 Cr) in FY26, with an EBIT margin of 15.2%. Its revenue was ₹46,021.85 Cr in FY25.^[3]
Treasury Operations contributed 24.3% of revenue (₹30,107.49 Cr) in FY26, down 8.9 percentage points over FY2020-FY2026, with an EBIT margin of 18.9%.^[3]
Digital Banking Operations, reported as a sub-segment of Retail, had revenue of ₹985.02 Cr in FY24.^[4]

Loan book and deposits

Global advances grew 18.53% YoY to ₹11.56 lakh cr in Q2 FY27, while global deposits grew only 6.87%, so the CD ratio rose sharply.^[2]
MSME advances grew 22.39% YoY and 7.21% QoQ in Q2 FY27; total RAM advances grew 14.65% YoY.^[2]
Corporate & others advances grew 23.63% YoY in Q2 FY27. Overseas advances rose 42% QoQ to ₹50,123 cr.^[2]
The domestic C/D ratio, excluding bank deposits, was 84.34% as of 30 Sep 2026.^[5]
Priority sector advances were ₹3,79,092 Cr as of 31 Mar 2025, equal to 44.31% of ANBC against the 40% statutory target. Agriculture credit was ₹1,78,479 Cr.^[6]
The CASA ratio was 34.93% in Q2 FY27, up 237 bps YoY. Domestic CASA deposits grew 14.66% YoY as of 30 Sep 2026.^[2][5]
Bulk deposits including CDs fell 9.29% YoY in Q2 FY27, while retail term deposits grew 9.65% and current accounts grew 29.56%.^[2]
The bank aims to bring bulk deposits below 15% of total deposits within 1-3 years, from about 19% in Q1 FY27.^[7]

Asset quality

GNPA was 2.42% in Q2 FY27, down 87 bps YoY; NNPA was 0.42%, down 13 bps YoY.^[2]
PCR was 95.20% in Q2 FY27, up 7 bps YoY. Credit cost was 0.21% (down 1 bp YoY) and the slippage ratio was 0.72% (down 19 bps since Sep-25).^[2]
Gross NPA fell from ₹43098 Cr in March 2024 to ₹35,350 Cr in March 2025.^[6]
The total ECL provisioning requirement is estimated at ₹11,300 Cr. The bank holds ₹5,500 Cr of additional provisions plus ₹800 Cr set aside: ₹700 Cr in Q4 FY26 and ₹100 Cr in Q1 FY27.^[7]

Key operating metrics

NIM was 2.86% in Q2 FY27, up 19 bps YoY, compared with 2.80% in Q1 FY27.^[2][7]
NII grew 20.09% YoY to ₹10,583 cr in Q2 FY27, even as treasury income fell 34.6%.^[2]
The cost-to-income ratio was 46.78% in Q2 FY27, compared with 45.34% in Q1 FY27.^[2][7]
CRAR was 17.94% in Q2 FY27, down 87 bps YoY; CET-1 was 16.05%, up 168 bps YoY.^[2]
ROA was 1.36% in Q1 FY27, the third consecutive quarter at that level.^[7]

Branches, reach and international business

As of 31 Mar 2025, the bank had 8619 branches plus 2 overseas branches (Sydney, Dubai DIFC). 59% of branches were in rural and semi-urban centres.^[6]
As of FY25, the network also included 23,500 Business Correspondents, 8910 ATMs and 7 Digital Banking Units.^[6]
The bank opened 22 new branches in Q2 FY27 and 150 in FY26-27, against 200 new branches planned for FY27.^[2][8]
Overseas business was ₹74,918 Cr as of 31 Mar 2025, up from ₹53,583 Cr a year earlier. The bank operates in London through Union Bank of India (UK) Ltd and in Kuala Lumpur through a joint venture.^[6]
The bank's share of export credit among SCBs rose from 8.12% in Mar 2024 to 10.98% in Mar 2025; the export credit portfolio grew from Rs. 17647.00 Cr to Rs. 23684.00 Cr.^[6]
In FY25 the bank had 5 owned subsidiaries, 3 joint ventures and 1 associate. It held RMA relationships with 794 banks in 93 countries.^[6]

Products and digital

In FY25 the bank issued 3.38 lakh fresh Kisan Credit Cards worth ₹7079 Cr. Under PMMY it sanctioned 7,10,680 applications totalling ₹18,649 Cr.^[6]
The Digital Business Vertical launched 56 digital lending journeys by Q3 FY26, generating ₹25,200 Cr+ of business and 8.69 lakh+ accounts.^[9]
VYOM 2.0, a mobile banking app with 400+ features and 30+ journeys, launched in Q2 FY26.^[10]
The IT capex budget for FY26 is ₹1,600 Cr, funding a four-site active-active digital banking platform and Phase-II of the cybersecurity programme.^[9]
The bank was the first public sector lender to go live on the account aggregator ecosystem as both FIU and FIP, as of FY25.^[6]
An Ecosystem Banking Vertical with 1,200+ staff, 118 centres and 12 hubs was set up to drive CASA; NACH registrations reached 18,000 a day by Q1 FY27.^[7]

Capital, funding and recent developments

The board-approved capital plan for FY27 is ₹3,000 Cr equity, ₹5,000 Cr AT-1 and ₹8,000 Cr Tier-2, totalling ₹16,000 Cr.^[7]
The bank targeted FCNR mobilisation of USD 1.5-2 billion by September 2026 under the RBI/GoI scheme, plus USD 200-300 million via OFCB.^[7]
Chaitanya Godavari Grameena Bank was amalgamated into Andhra Pradesh Grameena Bank, with Union Bank of India as sponsor, effective May 1, 2025.^[6]

Market Cap

₹1,38,245 Cr

High / Low

₹205 / 141

Stock P/E

6.2

Price / Book

0.9

Book Value

₹165

EPS

₹25.4

No. of Shares

763.36 Cr

ROE

15.7%

Sales

₹1,06,799 Cr

Net Profit

₹19,430 Cr

Promoter holding

74.8%

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Union Bank of India(UNIONBANK)

About

Business segments

Loan book and deposits

Asset quality

Key operating metrics

Branches, reach and international business

Products and digital

Capital, funding and recent developments

Signal history

The analysis Screener can't give you

AI Deep Dive

Verdict

Company data

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