Union Bank of India — Investor Meet, 20-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Union Bank of India reported Q3 FY26 net profit of INR 5,017 Cr, with NIMs at 2.76%, reflecting strategic management of funds. Gross advances grew 7.13%, and total deposits 3.36%. The bank strategically shed INR 40,000 Cr in high-cost bulk deposits and contracted its treasury by INR 15,000 Cr, reallocating to higher-yielding loans.

The RAM segment (Retail, Agri, MSME) saw robust growth. Asset quality improved, with SMA2 at a low of INR 4,285 Cr and PCR over 95%. Management is confident in sustaining loan growth, further improving NIMs, and leveraging technology (Project MUSKAAN, INR 1,600 Cr budget) for efficiency and enhanced customer service, expecting minimal impact from ECL norms.