union bank of india has submitted its annual disclosure of Non-Convertible Securities as on 31 March 2026 for FY26 under Regulation 60 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure, dated 30 April 2026, was submitted by Ashish Mishra, Company Secretary, in compliance with Chapter XIV of the SEBI operational circular dated August 10, 2021, as amended on April 13, 2022, for the Centralized Database for corporate bonds and debentures.

Listing Details

The bank has disclosed details of 14 listed securities on the National Stock Exchange of India (NSE). The securities include both Tier I and Tier II bonds with allotment dates ranging from 15 September 2016 to 24 March 2026. The listing quantities vary significantly across different securities, with individual issue sizes ranging from Rs 663 crore to Rs 7500 crore.

*Bonds issued by erstwhile Corporation Bank, were re-listed on NSE on 06.07.2021 after amalgamation.

Credit Rating Details

The credit ratings for all securities have been reaffirmed with stable outlooks by multiple credit rating agencies. Tier I bonds have been rated AA+, while Tier II bonds carry AAA ratings. The most recent rating actions were verified between December 2025 and March 2026.

Current Rating Summary

Payment Status and Default History

The bank has confirmed that it has made timely payment of all interest and redemption amounts due on AT1 and Tier 2 bonds during FY 2025-26. The detailed status of payments has been intimated to the Stock Exchange under Regulation 57(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Regarding default history, the bank stated that there have been no defaults or delays in servicing any other debt security issued by the issuer.

Union Bank of India has delivered strong financial performance for FY26, with the board of directors approving the audited financial results at its meeting held on April 23, 2026. The bank reported a net profit of ₹18,697 crores and recommended a dividend of ₹5 per equity share, demonstrating robust growth across key business segments. The investor presentation for Q4FY26 was also submitted under Regulation 30 of SEBI Listing Regulations.

Post-Earnings Call Transcript Submission

The bank has submitted the transcript of the post-earnings call held on April 23, 2026, for audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. This submission was made under Regulation 46(2)(oa) and Regulation 30 read with Schedule III, Part A, Para A, 15(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transcript is available on the bank's website at https://www.unionbankofindia.bank.in/en/common/financial-results .

Board Meeting and Regulatory Compliance

The board meeting commenced at 09:40 a.m. and concluded at 12:25 p.m. on April 23, 2026. As per regulatory requirements under SEBI Listing Regulations, the bank submitted comprehensive documentation including audited standalone and consolidated financial results, statement of assets and liabilities, cash flow statements, and independent auditors' reports for the year ended March 31, 2026.

Financial Performance Highlights

The bank achieved significant growth in its core business metrics during FY26. Total business increased by 5.78% year-on-year to ₹23,85,502 crores, driven by strong advances growth of 9.74% YoY. Interest income stood at ₹1,05,992 crores for the financial year. Operating profit for FY26 reached ₹28,620 crores, while net interest income was ₹36,659 crores.

Management Commentary and Strategic Outlook

During the earnings call, Managing Director and CEO Shri Asheesh Pandey highlighted the bank's strategic focus on growth with quality and profitability. The management emphasized maintaining strong asset quality while pursuing industry-plus growth rates. The bank targets 13%-14% credit growth going forward, with continued focus on defending net interest margins and improving operational efficiency.

Strong Performance in Priority Segments

The bank demonstrated exceptional growth in its Retail, Agriculture, and MSME (RAM) segments, which increased by 12.56% YoY. RAM advances now constitute 57.49% of domestic advances, reflecting the bank's strategic focus on priority lending sectors.

Dividend Recommendation and Statutory Approvals

The board has recommended a dividend of ₹5 per equity share of ₹10 face value each for FY26, representing 50% of the face value. This dividend recommendation is subject to obtaining necessary statutory approvals and shareholder consent at the upcoming 24th Annual General Meeting. The payout ratio stands at 20.61%.

Asset Quality and Capital Strength

The bank continued its asset quality improvement trajectory with gross NPA reducing by 78 basis points YoY to 2.82% and net NPA declining by 15 basis points to 0.48%. The provision coverage ratio remained strong at 95.03%, while maintaining a robust capital adequacy ratio of 18.10% and CET-1 ratio of 15.69%. Credit cost for FY26 improved significantly to 0.23% from 0.77% in the previous year.