UNION BANK OF INDIA

Union Bank of India has released the transcript of its post-earnings conference call held on July 15, 2026. The call discussed the reviewed unaudited financial results for the quarter ended June 30, 2026. Key management personnel, including MD & CEO Shri Asheesh Pandey, participated. The transcript is available on the bank's website and was submitted to the exchange as per SEBI regulations. The discussion touched upon structural changes, technology, operations, and the 'Project Muskaan'. The bank highlighted its 'ecosystem banking' vertical, comprising over 1,200 personnel focused on relationship management, contributing to sustained CASA levels. Average CASA for the quarter was around INR 24,000 crores, with RTD averaging INR 17,000 crores, totaling INR 41,000 crores in low-cost deposits.

Union Bank of India has announced its unaudited financial results for the quarter ended June 30, 2026. The bank reported a Net Profit of ₹5,332 crore for Q1 FY27, a significant increase compared to the previous periods. Total Income stood at ₹27,203 crore. The bank also highlighted key performance indicators such as Net Interest Margin (NIM) at 3.50% and a Capital Adequacy Ratio (CAR) of 16.38% as of June 30, 2026. The results are available on the bank's website.

Union Bank of India announced its unaudited reviewed financial results for the quarter ended June 30, 2026. The bank reported a standalone net profit of ₹533.23 crore, a significant increase from ₹411.55 crore in the same quarter last year. Total income for the quarter stood at ₹31,80,620 lakh, while total expenditure was ₹23,80,362 lakh. The bank also reported a Capital Adequacy Ratio (Basel III) of 18.46% and a CET 1 Ratio of 16.38%. The Board of Directors approved these results on July 15, 2026.

Union Bank of India opened FY27 with a margin-led profit beat. Consolidated net profit for Q1 FY27 came in at ₹5,642 Cr, up 27.4% year-on-year (from ₹4,428 Cr) and 2.5% sequentially, with consolidated EPS of ₹7.39 versus ₹5.80 a year ago; the standalone bank earned ₹5,332 Cr, +29.6% YoY. This comfortably beat the street — Motilal Oswal had modelled standalone PAT of about ₹4,485 Cr (+9% YoY) and operating profit near ₹7,247 Cr, and the actuals (₹5,332 Cr PAT, ₹8,003 Cr operating profit) ran roughly 19% and 10% ahead respectively. The quality of the print is entirely in the P&L below the topline. Interest earned was near-flat at ₹27,427 Cr (consol, +1.2% YoY) and total income rose just 2.2% to ₹32,660 Cr, so revenue was not the story. Net interest income (standalone) grew ~10.1% to ₹10,037 Cr and operating profit rose 15.9% to ₹8,040 Cr (consol), but the real lever was provisions: standalone provisions & contingencies fell 41% to ₹979 Cr from ₹1,665 Cr a year ago as asset quality improved — gross NPA down to 2.65% (from 3.52%), net NPA 0.47%, and provision coverage a strong 95.05%. That combination pushed the net profit margin to 17.27% from 13.85% a year earlier and lifted annualised RoA to 1.36% (from 1.11%). Against management's own FY27 guidance the quarter is on track: advances grew 13.3% YoY to ₹10.72 lakh Cr, squarely inside the 13-14% credit-growth guide, and the implied credit cost is running well below the ~1% guidance. The soft spot is the liability side — global deposits rose only ~3.5% YoY, and it was exactly this weak deposit and business-growth print in the July-2 quarterly update that had sent the stock down ~7% before results. The management's guidance to defend NIM at ~2.64% via a CASA/retail-term-deposit shift is the swing factor here, and the street already pencils in a small ~4 bps QoQ NIM dip. Capital remains ample (CRAR 19.15% consol, CET-1 17.08%). Notably, the bank kept building conservatism rather than releasing it: it added ₹100 Cr to its contingency provision (now ₹800 Cr, held outside PCR and CRAR), transferred ₹1,701 Cr of Investment Fluctuation Reserve to general reserve, and exercised a call on ₹850 Cr of Tier-II bonds — all balance-sheet actions with no P&L boost, meaning the profit growth is 'clean' and, if anything, understated. Standalone (+29.6%) and consolidated (+27.4%) growth are within ~2 points of each other, so the two bases tell the same story.

Union Bank of India has announced a Board of Directors meeting scheduled for July 15, 2026. The primary agenda is to consider and approve the unaudited reviewed financial results for the first quarter ended June 30, 2026, both on a standalone and consolidated basis. Concurrently, the bank has informed about the closure of the trading window for designated persons and insiders from July 1, 2026, until 48 hours after the financial results announcement, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. This measure is to prevent potential insider trading activities.

Union Bank of India has reported provisional business updates for the quarter ended June 30, 2026. Total Gross Advances saw a year-on-year growth of 12.50%, reaching ₹10,96,331 Crore. Domestic Advances grew by 13.11% YoY to ₹10,61,128 Crore, while RAM Advances (Domestic) increased by 11.56% YoY. Total Deposits grew by 3.50% YoY to ₹12,83,365 Crore. Domestic CASA Deposits also showed strong growth, up 11.72% YoY to ₹4,50,220 Crore. The bank's Domestic CASA percentage improved by 259 basis points to 35.10%. The Domestic C/D Ratio (Excluding Bank Deposits) stood at 83.38%, an increase of 714 basis points YoY.

Union Bank of India has announced the elevation of Shri Bhaskara Rao Chaganti Venkata Naga from General Manager to Chief General Manager. This change is effective from July 1st, 2026. Shri Naga holds a postgraduate degree in Commerce, an MBA, and CAIIB qualifications. His experience includes roles as Zonal Head, work in MSME, and currently overseeing the Stress Asset Management Vertical at the Bank's Central Office in Mumbai. This promotion signifies internal growth and recognition within the bank's senior leadership.

Union Bank of India has officially informed the stock exchange regarding the superannuation of Shri Arun Kumar, who held the position of Chief General Manager. As per SEBI regulations, the bank confirmed that Shri Arun Kumar retired from his service on June 30th, 2026, upon reaching the retirement age. This announcement pertains to a change in senior management due to retirement.

Union Bank of India has announced the closure of its trading window for designated persons, their immediate relatives, and other insiders. This closure will be effective from July 1, 2026, and will remain in effect until 48 hours after the declaration of the Reviewed Unaudited Financial Results for the quarter ending June 30, 2026. The bank will inform the stock exchanges about the board meeting date for approving these financial results in due course. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the bank's internal code of conduct.

Union Bank of India has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, in compliance with SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The report details the bank's performance and commitments in environmental, social, and governance aspects. It is available on the bank's website and can be accessed via a QR code. The filing also provides operational details for FY25-26, including deposit and loan figures, with deposits at ₹7633.61 Lakh Cr and advances at ₹54.78% of total business.