Union Bank of India announced its participation in Kotak Securities Limited's premier investor engagement event, demonstrating the bank's commitment to maintaining transparent communication with the investment community. The bank's representatives attended the 'Annual Flagship Investor Conference - Chasing Growth 2026' held on February 26, 2026 in Mumbai.

Conference Participation Details

The investor conference facilitated comprehensive interactions between Union Bank of India and prominent institutional investors across different session formats. The engagement spanned four hours, from 10:00 AM to 2:00 PM, allowing for detailed discussions about the bank's performance and strategic outlook.

Investor Participation Profile

The conference attracted a diverse mix of 22 institutional investors and asset management companies, representing both domestic and international investment interests. The participants included major insurance companies, asset management firms, and investment corporations.

Key Participating Organizations:

Insurance and Financial Services:

• SBI Life Insurance Company Limited
• HDFC ERGO General Insurance Company Limited
• Tata Investment Corporation Limited

Asset Management Companies:

• Aditya Birla Sun Life AMC Limited
• ITI Asset Management Limited
• Baroda BNP Paribas Asset Management India Private Limited
• Allspring Global Investments, LLC

International Investment Firms:

• Norges Bank Investment Management
• T. Rowe Price Group, Inc.
• J.P. Morgan Securities India Private Limited
• Balyasny Asset Management (Singapore) Pte Limited

Meeting Structure and Format

The conference was structured to accommodate different interaction preferences, with sessions organized in multiple formats to maximize engagement effectiveness.

Regulatory Compliance

Union Bank of India emphasized that all discussions during the conference were based on publicly available documents, ensuring compliance with disclosure norms. The bank made this announcement in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates disclosure of material events and information.

The disclosure was signed by Ashish Mishra, Company Secretary, and filed with both BSE Limited and National Stock Exchange of India Limited on February 26, 2026. This participation reflects the bank's ongoing efforts to maintain regular dialogue with institutional investors and provide transparency regarding its business operations and strategic direction.

Union Bank of India received a significant credit rating upgrade from FITCH Ratings on February 25, 2026, with the agency upgrading the bank's Viability Rating to 'bb' from 'bb-' while affirming its Long-Term Issuer Default Rating at 'BBB-' with a stable outlook. The comprehensive rating action reflects the bank's improved financial profile and strengthened operational metrics across multiple parameters.

Rating Actions Overview

FITCH's rating action encompasses multiple rating categories, demonstrating the bank's enhanced creditworthiness across various metrics:

Key Rating Drivers

The viability rating upgrade is supported by substantial improvements in the bank's financial profile, including enhanced asset quality, strengthened capitalisation, and improved profitability metrics. FITCH expects these improvements to be sustained in an improving operating environment, with positive outlooks on most rating factor scores reflecting the potential for higher scores if the operating environment score is revised upward.

Financial Performance Improvements

The bank demonstrated significant progress across key financial metrics in 9MFY26. The impaired-loan ratio fell by 50bp to 3.10%, with credit costs declining to 0.30% of loans. Specific loan-loss cover increased by 100bp to 84.00%, while the operating profit/risk-weighted asset ratio reached 3.10% despite falling by 20bp due to slightly lower margins and loan growth.

Enhanced Capitalisation

FITCH revised the bank's capitalisation and leverage score to 'bb' from 'bb-', reflecting stronger capital buffers. The common equity Tier 1 ratio reached 15.70% including profits in 9MFY26, expected to be sustained more than 400bp above the 10.00% 'bb' category threshold. The loss-absorption buffer also improved with the net impaired loan/CET1 ratio reaching 4.90% compared to 5.80% in FY25.

Government Support and Franchise Strength

The Long-Term IDR and Government Support Rating remain equalised with the Indian sovereign's IDR, reflecting FITCH's assessment of high probability of extraordinary state support given the government's 75.00% ownership stake. The bank's status as India's fifth-largest state bank with a nationwide franchise supports sustained business and profit generation, particularly in the improving operating environment.

Risk Profile and Asset Quality

FITCH revised Union Bank's risk profile score to 'bb-' from 'b+', reflecting greater loan diversification, improved underwriting standards, and enhanced risk controls that have reduced corporate loan risk and lowered fresh impaired loan formation. The agency expects the impaired-loan ratio to stabilise around 3.00%, with the positive outlook on asset quality score reflecting potential for higher scores if recent improvements are sustained.

Funding and Liquidity Position

The bank maintains stable funding and liquidity metrics with customer deposits comprising approximately 94.00% of total non-equity funding in 9MFY26. The liquidity coverage ratio stands at 124.00%, while the loans/customer deposits ratio increased by about 800bp to 85.70%, remaining below the peer average of approximately 87.00%. This funding structure continues to represent a strength for Union Bank, similar to other state-owned banks.