Union Bank of India announced that its Board of Directors has approved the audited financial results for the quarter and year ended March 31, 2026, during a meeting held on April 23, 2026. The results were submitted pursuant to Regulation 30 read with sub para 4 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Regulatory Submissions and Compliance

The bank submitted comprehensive documentation in compliance with SEBI regulations, including reference to SEBI Master Circular HO/49/14/14(7)2025-CFDPoD2/1/3762/2026 dated January 30, 2026, and SEBI/HO/DDHS/DDHS-PoD1/P/CIR/2025/0000000103 dated July 11, 2025. The submission was made under the bank's reference number ISD/24/2026-27.

Key Board Decisions

The Board approved several key documents including the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, along with the statement of assets and liabilities as on March 31, 2026. Additionally, the statement of cash flows for the year ended March 31, 2026, and the independent auditors' report submitted by the Statutory Central Auditors were also approved.

Dividend Recommendation

The Board has recommended a dividend of ₹5 per equity share of ₹10 each for the financial year 2025-26. The payment of dividend is subject to obtaining necessary statutory approvals and approval of shareholders at the ensuing 24th Annual General Meeting. The date of the AGM, book closure for the purpose of AGM, and dividend for the financial year 2025-26 will be intimated in due course.

Compliance Documentation

The bank submitted a NIL statement of deviation or variation in utilization of proceeds of issue of equity shares and non-convertible debt bonds for the quarter ended March 31, 2026. Additionally, a NIL security cover certificate as on March 31, 2026, for non-convertible debt securities was submitted by the Statutory Central Auditors in the format specified by SEBI circular SEBI/HO/MIRSD/MIRSD_CRADT/CIR/P/2022/67 dated May 19, 2022.

The financial results are available on the bank's website at https://www.unionbankofindia.bank.in/en/common/financial-results . The Board meeting commenced at 9:40 a.m. and concluded at 12:25 p.m. on April 23, 2026, with Company Secretary Ashish Mishra signing the regulatory submission.

Union Bank of India has set an ambitious deposit growth target of 8-9% for the fiscal year 2027, highlighting the bank's strategic focus on expanding its deposit base and enhancing its market presence.

Growth Strategy and Targets

The bank's deposit growth target for FY27 represents a clear commitment to strengthening its funding base and improving its competitive position in the banking sector. This target indicates the bank's confidence in its ability to attract and retain customers while expanding its deposit portfolio.

Market Positioning

By setting this specific growth target, Union Bank of India demonstrates its strategic planning approach and commitment to sustainable growth. The 8-9% deposit growth target reflects the bank's assessment of market opportunities and its capacity to capture a larger share of the deposit market.

This target setting exercise indicates the bank's proactive approach to business planning and its focus on building a stronger deposit franchise, which is crucial for maintaining healthy liquidity levels and supporting future lending growth.