UNION BANK OF INDIA (UNIONBANK)
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Union Bank of India expects NIMs to rise 5-7 bps per 25 bps rate hike
Answer: Union Bank of India expects margin gains, says asset quality remains under control - Published OnOct 21, 2026 | 12:45 IST - Last Updated OnOct 21, 2026 | 12:45 IST Union Bank MD and CEO Asheesh Pandey expects net interest margins to rise by 5-7 basis points for every 25-basis-point rate hike, supported by stable asset quality, strong recoveries, and loan and deposit growth aligned with the industry.
Crude oil surge stalls Nifty recovery as index retests key support
Higher crude oil prices are dampening the Nifty's recovery attempt, pushing the index back toward lower support levels. Analysts remain cautious, with stock-specific recommendations like Federal Bank emerging as traders navigate the pressure. The rupee is also facing headwinds from both crude oil and dollar strength, complicating the broader market outlook.
Union Bank Q2 profit jumps 30% to ₹5,537 crore as asset quality improves
Union Bank of India reported a 30% year-on-year rise in Q2 net profit to ₹5,537 crore, driven by a decline in slippages and improved asset quality. Shares surged as much as 5% following the results, with the PSU bank index climbing 3% as investors cheered the stronger-than-expected earnings. The stock remains in focus as the market digests the improvement in NPAs and the sustainability of the profit growth.
Union Bank advances grow 18.5% to ₹11.56 lakh crore
Union Bank of India’s total gross advances grew 18.53% year-on-year to ₹11,55,930 crore as of September 30, 2026, according to the bank’s provisional business figures. Domestic advances rose 17.36% YoY to ₹11,05,807 crore, from ₹9,42,273 crore a year earlier. On a sequential basis, domestic advances grew 4.21% from ₹10,61,128 crore at the end of June.
Union Bank maiden dollar bond draws 7.8x subscription at GIFT City
The listing was held at GIFT City, Gandhinagar, through a bell-ringing ceremony organised by NSE International Exchange (NSE IX), the bank said in a press release. In a press release the bank said that strong investor response is a sign of confidence in its financial position and growth plans. “The strong response from global investors reflects their confidence in Union Bank of India.
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