Union Bank of India Q2FY27 Results: Gross advances grow 18.53% YoY
- Gross advances grew 18.53% YoY to ₹11,55,930 crore
- Domestic CASA deposits rose 14.66% YoY to ₹4,60,697 crore
- Total business expanded 12.02% YoY to ₹24,75,387 crore
- Domestic CD ratio improved 733 bps YoY to 84.34%
*this image is generated using AI for illustrative purposes only.
Union Bank of India reported a 18.53% year-on-year growth in gross advances for the quarter ended September 30, 2026. The bank's total business expanded 12.02% YoY to ₹24,75,387 crore, driven by robust credit demand and steady deposit mobilization.
Domestic CASA deposits recorded a significant rise of 14.66% YoY, reaching ₹4,60,697 crore. This growth outpaced the overall domestic deposit growth of 6.88%, indicating a successful shift toward lower-cost funding sources. The bank's Credit-Deposit (CD) ratio improved substantially, reflecting aggressive deployment of funds into the loan book.
Key Business Metrics
The following table summarizes the provisional business figures for Q2FY27 compared to the previous quarter and the corresponding period last year:
| Metric | Sep 30, 2026 (Provisional) | Jun 30, 2026 (Reviewed) | Sep 30, 2025 (Reviewed) | QoQ Growth | YoY Growth |
|---|---|---|---|---|---|
| Total Business (Global) | ₹24,75,387 crore | ₹23,79,697 crore | ₹22,09,828 crore | 4.02% | 12.02% |
| Gross Advances | ₹11,55,930 crore | ₹10,96,331 crore | ₹9,75,207 crore | 5.44% | 18.53% |
| Total Deposits | ₹13,19,457 crore | ₹12,83,366 crore | ₹12,34,621 crore | 2.81% | 6.87% |
| Domestic CASA Deposits | ₹4,60,697 crore | ₹4,50,220 crore | ₹4,01,809 crore | 2.33% | 14.66% |
| Domestic Advances | ₹11,05,807 crore | ₹10,61,128 crore | ₹9,42,273 crore | 4.21% | 17.36% |
| RAM Advances (Domestic) | ₹6,35,527 crore | ₹6,08,095 crore | ₹5,54,306 crore | 4.51% | 14.65% |
What the Numbers Show
A divergence between advance growth and deposit growth highlights an expanding balance sheet leverage. While gross advances grew 18.53% YoY, total deposits increased only 6.87% YoY. This disparity pushed the domestic Credit-Deposit ratio (excluding bank deposits) up by 733 basis points to 84.34% from 77.01% a year ago.
Despite the rapid expansion in the loan book, the bank maintained a healthy CASA ratio. Domestic CASA deposits grew at more than double the rate of total domestic deposits (14.66% vs 6.88%). Consequently, the CASA share of total domestic deposits improved by 237 basis points YoY to 34.93%, although it saw a marginal dip of 17 bps on a quarter-on-quarter basis from 35.10% in June 2026.
Regulatory Disclosure
The intimation was filed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank noted that the figures are provisional and subject to review by Statutory Central Auditors before the final declaration of financial results.
Historical Stock Returns for Union Bank of India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.99% | -6.89% | -9.90% | +2.06% | +20.99% | +362.32% |
How will the 733 basis point increase in the Credit-Deposit ratio impact Union Bank of India's net interest margin sustainability in upcoming quarters?
What specific regulatory capital buffers or borrowing strategies is the bank planning to deploy to support the widening gap between advance and deposit growth?
Can the bank sustain its double-digit CASA growth momentum in the face of rising competition for low-cost deposits from fintechs and other public sector banks?
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