Union Bank of India reported a 12.50% year-on-year increase in gross advances, reaching ₹10,96,331 crore for the quarter ended June 30, 2026. The bank's total domestic advances grew by 13.11% to ₹10,61,128 crore, driven by an 11.56% rise in Retail, Agriculture, and MSME (RAM) advances. These figures are part of the provisional business intimation released under SEBI regulations ahead of the full financial results declaration.

Deposits and CASA Performance

The bank's domestic CASA (Current Account Savings Account) deposits increased by 11.72% year-on-year to ₹4,50,220 crore, improving the CASA ratio to 35.10% from 32.51% in the corresponding period last year. Total deposits, however, declined by 1.80% quarter-on-quarter to ₹12,83,365 crore, though they registered a 3.50% growth compared to the same quarter in the previous year.

Credit-Deposit Ratio and Global Business

The Credit-Deposit (C/D) ratio for domestic operations, excluding bank deposits, rose to 83.38%, an increase of 714 basis points year-on-year. Including bank deposits, the C/D ratio stood at 82.72%, up 704 basis points from the prior year. The global business volume stood at ₹23,79,696 crore, reflecting a 7.46% year-on-year growth.

Key Business Figures (Provisional)

The following table presents the bank's provisional business figures across key parameters:

The information was submitted by Ashish Mishra, Company Secretary, and is subject to review by the Statutory Central Auditors and necessary approvals from the bank's board.

Union Bank of India has elevated Shri Bhaskara Rao Chaganti Venkata Naga to the post of Chief General Manager effective July 01, 2026. The bank disclosed this change in senior management through a regulatory filing submitted on July 02, 2026. Shri Bhaskara Rao previously served as General Manager before his promotion to the new role.

The appointment was made in accordance with Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Ashish Mishra, Company Secretary of Union Bank of India.

Profile of the Appointee

Shri Bhaskara Rao Chaganti Venkata Naga brings extensive experience to his new position. He is a Postgraduate in Commerce and holds an MBA degree. Additionally, he has completed the CAIIB Part 1 and CAIIB Part 2 examinations.

His career at the bank includes significant roles such as Zonal Head and working in the MSME sector. Prior to his elevation, he was responsible for the Stress Asset Management Vertical at the Central Office in Mumbai.