Union Bank of India Reports 9.76% YoY Growth in Advances and 7.90% Rise in CASA Deposits
Union Bank of India demonstrated robust growth across key metrics for the quarter ended March 31, 2026, with total gross advances increasing 9.76% year-on-year and domestic advances up 10.06%. The bank's CASA deposits grew 7.90% annually, contributing to an improved CASA ratio of 35.21%, while global business reached ₹23,85,679 crores with healthy credit-deposit ratios maintained.
*this image is generated using AI for illustrative purposes only.
Union Bank of India has released its business update for the quarter ended March 31, 2026, demonstrating strong growth momentum across key performance indicators. The bank filed this update under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, providing comprehensive insights into its operational performance.
Key Performance Highlights
The bank achieved significant growth across multiple business segments during the reporting period:
| Metric: | Growth Rate |
|---|---|
| Total Gross Advances (YoY) | 9.76% |
| Total Domestic Advances (YoY) | 10.06% |
| RAM Advances Domestic (YoY) | 12.59% |
| Domestic CASA Deposits (YoY) | 7.90% |
| Domestic CASA Deposits (QoQ) | 10.82% |
Business Performance Analysis
The bank's global business reached ₹23,85,679 crores as of March 31, 2026, representing a 6.52% quarter-on-quarter growth and 5.79% year-on-year expansion. Global advances stood at ₹10,78,779 crores, while global deposits totaled ₹13,06,900 crores.
Domestic Operations Performance
| Parameter: | March 31, 2026 (₹ Crores) | YoY Growth | QoQ Growth |
|---|---|---|---|
| Total Domestic Business | 23,47,419 | 5.85% | 6.56% |
| Domestic Deposits | 13,06,297 | 2.72% | 6.88% |
| Domestic Advances | 10,41,122 | 10.06% | 6.16% |
| CASA Deposits | 4,59,988 | 7.90% | 10.82% |
| RAM Advances | 5,98,620 | 12.59% | 3.74% |
CASA Performance and Ratios
The bank's CASA (Current Account Savings Account) performance showed remarkable improvement. The CASA ratio reached 35.21% as of March 31, 2026, marking an increase of 125 basis points quarter-on-quarter and 169 basis points year-on-year. This improvement in CASA ratio indicates enhanced low-cost funding for the bank.
Credit-Deposit Ratios
The bank maintained healthy credit-deposit ratios across different categories:
| CD Ratio Type: | March 31, 2026 | QoQ Change | YoY Change |
|---|---|---|---|
| Domestic (Excluding Bank Deposits) | 80.41 | -54 BPS | +593 BPS |
| Domestic (Including Bank Deposits) | 79.70 | -53 BPS | +532 BPS |
Regulatory Compliance and Disclosure
The bank has released this information in compliance with SEBI regulations and its internal Code of Conduct for Prohibition of Trading by Insiders and Fair Disclosure of Unpublished Price Sensitive Information. The data presented is provisional and subject to audit by Statutory Central Auditors and other necessary approvals before the declaration of financial results for the quarter and year ended March 31, 2026.
Historical Stock Returns for Union Bank of India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.20% | -4.62% | -14.97% | +23.96% | +37.83% | +392.81% |
How will Union Bank's improved CASA ratio of 35.21% impact its net interest margins and profitability in upcoming quarters?
What strategic initiatives is the bank planning to sustain the 12.59% growth momentum in RAM (Retail, Agriculture, MSME) advances?
Could the 593 basis points year-over-year increase in credit-deposit ratio signal potential liquidity constraints or aggressive lending strategy?
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