Union Bank of India — Investor Meet, 29-04-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Union Bank of India reported strong performance for the quarter/year ended March 31, 2026. Net profit hit INR 18,697 Cr, with gross advances up 9.74% YoY. Deposits grew 2.72% YoY, but total business, including alternative funding, reached INR 23.85 lakh Cr. Asset quality improved, with Gross NPA at 2.82% and Net NPA at 0.48%. The bank also indicated a dividend of INR 5 per share.

Management aims for 13-14% credit growth in FY27, prioritizing quality and profitability. NIM, currently at 2.64%, is expected to improve, supported by a rise in CASA to 35.21%. A INR 700 Cr general provision was set aside as a buffer, with NII growth targeted to match advances growth in a stable rate environment. Management shows confidence in ongoing operational improvements and recoveries.