UNION BANK OF INDIA

Union Bank of India has announced the redemption of its Basel Ill Compliant Tier Il Series XXII bonds, with a total issue size of ₹750 Crores. The redemption payment is scheduled for November 23, 2026, with the record date set for November 9, 2026. The coupon rate for these bonds was 7.74%. The redemption date, November 24, 2026, falls on a non-business day, hence the payment will be made on the preceding business day.

Union Bank of India has exercised its call option to redeem two series of Basel III compliant Tier-1 bonds. The first series, ISIN INE692A08169, with an issue size of ₹2000 Crores and a coupon rate of 8.70%, will be redeemed on November 21, 2026. The second series, ISIN INE692A08177, with an issue size of ₹1500 Crores and a coupon rate of 8.40%, will be redeemed on December 19, 2026. The record dates for these redemptions are November 7, 2026, and December 5, 2026, respectively. This action is in accordance with SEBI (Listing Obligation and Disclosures Requirements) Regulations 2015.

Union Bank of India announced its unaudited financial results for the quarter ended September 30, 2026. The bank reported a net profit of ₹2,65,323 Lacs (₹2,653.23 Crore) for the quarter, a 3.38% increase from ₹2,56,653 Lacs (₹2,566.53 Crore) in the same period last year. Total income for the quarter rose by 4.02% to ₹24,75,330 Lacs (₹24,753.30 Crore) from ₹23,79,697 Lacs (₹23,796.97 Crore) year-on-year. Net interest income also saw a growth of 6.87% to ₹13,19,455 Lacs (₹13,194.55 Crore). The bank's asset quality showed improvement with Gross NPA at 2.42% and Net NPA at 0.42% as of September 30, 2026.

Union Bank of India announced its unaudited reviewed financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved the standalone and consolidated financial results, along with the Statement of Assets and Liabilities and Statement of Cash Flows for the half-year. A Limited Review Report from the Statutory Central Auditors was also submitted. The bank confirmed a NIL Statement of Deviation/variation in the utilization of proceeds from equity shares and Basel Ill Compliant Non-Convertible Debt Bonds, and a NIL Security Cover certificate for Non-Convertible Debt Securities as of September 30, 2026. The Board meeting commenced at 10:00 a.m. and concluded at 11:55 a.m. on October 19, 2026.

Union Bank of India's consolidated net profit rose 30.6% YoY to ₹5,781 Cr for Q2 FY27 (quarter ended September 30, 2026), with standalone PAT up 30.3% YoY to ₹5,537 Cr — both against ₹4,426 Cr / ₹4,249 Cr a year ago. Consolidated revenue (interest earned) grew a comparatively modest 8.3% YoY to ₹28,378 Cr, so profit growth significantly outran the topline. The gap was bridged chiefly by a sharp pullback in provisioning: non-tax provisions & contingencies fell 49.6% YoY to ₹702 Cr (consolidated) as asset quality improved markedly — gross NPA fell to 2.42% from 3.29% a year ago and 2.65% in Q1, net NPA to 0.42% from 0.55% YoY. Sequentially, momentum cooled sharply from Q1's pace: consolidated PAT rose just 2.5% QoQ (standalone +3.8%) on 3.5% QoQ revenue growth, exactly the kind of deceleration our pre-result preview flagged as the "credit momentum stress test" after Q1's much stronger run. Net profit margin expanded to 17.27% from 13.94% a year ago, though it was flat versus Q1 (also 17.27%); operating margin improved to 24.35% from 21.55% YoY but eased slightly from Q1's 24.62% — the small QoQ OPM dip suggests some opex/NII pressure crept in even as the lighter provisioning load kept the bottom line steady. No exceptional items appear in either the current or comparative periods, so the full YoY jump is attributable to core operating performance plus the provisioning tailwind, not one-offs. Consolidated basic EPS rose to ₹7.57 from ₹5.80 YoY (₹7.39 in Q1), tracking the PAT trend almost exactly since the share count is unchanged. Standalone PAT of ₹5,537 Cr lands within the ~₹5,500-5,800 Cr band our pre-result preview had set out (17-analyst coverage, consensus target ₹197 vs. a pre-result CMP of ₹172), effectively meeting the Street's bar; the bigger beat is on asset quality, with gross NPA at 2.42% comfortably better than the preview's flagged 3.2-3.4% watch range. Net interest margin — which the preview pegged at an expected 2.80-2.90% — is not disclosed in this regulatory filing and remains unverified pending the investor presentation/concall; Q1's reported NIM was 2.80%. Management's prior (Q1) guidance centred on sustaining CASA growth, improving NIM, and keeping credit growth in line with or above industry; this quarter's profitability and asset-quality trajectory is directionally consistent with that framing, though the statement itself doesn't disclose the specific NIM, CASA or advances-growth figures needed to fully verify it, and no management press release was available for this result to cross-check tone. Among this quarter's disclosed corporate developments, the bank also reported ₹16,083 Cr of debt securities outstanding as of September 2026 and was fined ₹1,33,850 by the RBI for currency-chest deficiencies (September 11) — both minor/procedural and not drivers of the P&L above. With GNPA/NNPA trending down and provisioning easing, the bank heads into Q3 FY27 — for which it has already flagged "strong growth" in provisional figures per its October 1 update — needing to show NIM holds near 2.80% amid the funding-cost pressure the Street has flagged as the key swing factor in the stock's bull/bear debate.

Union Bank of India has scheduled an earnings call for analysts and investors to discuss the unaudited reviewed financial results for the quarter ended September 30, 2026. The call will take place on October 19, 2026, at 14:30 IST. The bank's management, including the Managing Director & CEO and Executive Directors, will be present. The call will be conducted virtually, and participants are required to register beforehand. The bank has stated that it will refer to publicly available documents and will not share any unpublished price-sensitive information during the call.

Union Bank of India has announced that its Board of Directors will convene on October 19, 2026. The primary agenda item is to consider and approve the unaudited reviewed financial results for the second quarter and half-year ended September 30, 2026, on a standalone and consolidated basis. Concurrently, the 'Trading Window' for designated persons and insiders will remain closed from October 1, 2026, for 48 hours post the declaration of these financial results, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Union Bank of India has submitted its Statement of Debt Securities issued and outstanding as of September 30, 2026. The filing, in accordance with SEBI guidelines, details eleven distinct debt issuances with a total outstanding amount of ₹16,083 crore. Most of these issuances are perpetual in nature, with coupon rates ranging from 7.16% to 8.70%, and feature embedded call options on anniversary dates. One specific issuance matures on November 24, 2026, with a coupon rate of 7.74%. The bank's Investor Services Division in Mumbai provided this disclosure.

Union Bank of India has released its provisional financial figures for the quarter ended September 30, 2026. The bank reported significant year-over-year growth across key metrics. Total Gross Advances increased by 18.53%, reaching ₹11,55,930 Crores. Total Deposits grew by 6.87% to ₹13,19,457 Crores. Domestic CASA Deposits saw a robust 14.66% YoY increase, amounting to ₹4,60,697 Crores. The bank's domestic C/D ratio (including bank deposits) improved by 749 basis points YoY to 83.84%. These figures are provisional and subject to auditor review.

Union Bank of India has announced the closure of its trading window for designated persons and insiders from October 1, 2026. This closure will remain in effect until 48 hours after the declaration of the bank's reviewed unaudited financial results for the quarter ending September 30, 2026. The specific date for the board meeting to approve these financial results will be communicated in due course. This measure is in compliance with SEBI regulations and the bank's code of conduct regarding insider trading and disclosure of unpublished price-sensitive information.