Union Bank of India Q4/FY26 Earnings Call: Business up ₹1.71L Cr
Union Bank of India held its post-earnings call for the quarter/year ended March 31, 2026, with MD & CEO Asheesh Pandey and other top management. The bank reported a business increase of ₹1,71,000 crores over the last six months, reflecting approximately 13% growth. CASA deposits grew by about 2.7% on a half-year basis. The bank successfully garnered ₹1,10,000 crores in retail term deposits, strategically shifting away from bulk deposits. Including alternative funding from shrinking the treasury book, refinance, and infrastructure bonds, the effective deposit increase was ₹1.29 lakh crores, or over 9%. Management highlighted a strong focus on managing cost, Net Interest Margin (NIM), and profitability through efficiency improvements.
Key Highlights
- Business grew by ₹1.71 lakh crore in six months, ~13% growth.
- CASA deposits increased by 2.7% on a half-year basis.
- Retail term deposits garnered ₹1.10 lakh crore, shifting from bulk.
- Effective deposit growth reached over 9% with alternative funding.
- Management focused on cost, NIM, and profitability efficiency.