Latest news about Union Bank of India
Union Bank of India
161.94
-2.96(-1.80%)
Company Performance:
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1M-12.31%
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More news about Union Bank of India
29Apr 26
Whistleblower Alleges Union Bank of India Used Quarter-End Window Dressing to Inflate CASA Deposits
A whistleblower has submitted a letter to the Reserve Bank of India alleging that Union Bank of India used quarter-end deposit window dressing to inflate CASA figures. The complaint raises broader concerns about similar reporting practices across the banking sector, potentially indicating systemic issues in deposit reporting during quarter-end periods.
29Apr 26
Union Bank of India Plans Joint Venture With Japan's Daiichi To Enter Pension Fund Sector
Union Bank of India announces joint venture plans with Japan's Daiichi to enter the pension fund management sector. This strategic partnership combines Daiichi's international pension fund expertise with Union Bank's domestic market presence, representing the bank's expansion into retirement planning services and diversification beyond traditional banking offerings.
24Apr 26
Union Bank CEO Confirms NIM Bottomed Out in Q4, Expects Recovery Ahead
Union Bank of India's management has provided an optimistic update on the bank's net interest margin performance, confirming that margins bottomed out in the January-March quarter while expressing confidence about future improvement. This development suggests the bank may have successfully navigated through the worst phase of its margin compression cycle.
24Apr 26
Union Bank of India Targets 2.7% Net Interest Margin Improvement
Union Bank of India has set a strategic target of 2.7% net interest margin, expecting further improvement in this key profitability metric. The announcement reflects the bank's focus on enhancing financial performance through optimized interest rate management and demonstrates management's confidence in achieving better asset-liability management going forward.
24Apr 26
Union Bank Targets 13-14% Credit Growth in FY27 with Strong Pipeline Focus
Union Bank of India has announced ambitious credit growth targets of 13-14% for FY27, representing a significant increase from the 10% growth projected for FY26. The bank emphasizes its strong loan pipeline and commitment to achieving this growth without compromising asset quality or profitability, demonstrating a balanced and sustainable expansion strategy.
24Apr 26
Union Bank of India Sets Credit Growth Target of 13-14% with Deposit Growth Goal of 10-11%
Union Bank of India has set strategic growth targets with credit growth goals of 13-14% and deposit growth targets of 10-11%. The bank aims to maintain its Net Interest Margin near 2.64% while pursuing these expansion objectives. These targets demonstrate the bank's balanced approach to growth and profitability management.
24Apr 26
Union Bank Board Approves FY26 Dividend of ₹5 Per Share
Union Bank of India's Board of Directors approved the audited financial results for FY26 and recommended a dividend of ₹5 per equity share of ₹10 each, subject to statutory approvals and shareholder approval at the 24th AGM. The bank submitted comprehensive regulatory documentation including standalone and consolidated financial results, statements of assets and liabilities, cash flows, and auditors' reports in compliance with SEBI regulations.
23Apr 26
Union Bank of India Sets 8-9% Deposit Growth Target for FY27
Union Bank of India has announced a deposit growth target of 8-9% for FY27, reflecting the bank's strategic focus on expanding its deposit base and strengthening its market position in the competitive banking landscape.
23Apr 26
Union Bank MD Assures RBI's Short-Duration Book Cap Won't Impact Treasury Income
Union Bank of India's Managing Director has stated that the Reserve Bank of India's short-duration book cap will not affect the bank's treasury income. This assurance addresses potential concerns about regulatory impact on the bank's investment operations and suggests confidence in maintaining treasury performance levels.
23Apr 26
Union Bank of India MD Announces Strategy to Outpace Rivals in FY27
Union Bank of India's Managing Director has announced the bank's strategic goal to grow faster than its competitors in fiscal year 2027. This ambitious target demonstrates the public sector bank's confidence in its operational capabilities and commitment to gaining market share in the competitive banking landscape.
23Apr 26
Union Bank of India Reports Decline in Inward Remittances
Union Bank of India's Managing Director has reported a decline in inward remittances, which could affect the bank's foreign exchange business and NRI banking operations. This development is significant as remittances constitute an important revenue stream and contribute to India's foreign currency inflows.
12Apr 26
Union Bank of India Announces Directorate Change as Part-time Director Completes Tenure
Union Bank of India announced the completion of tenure of Shri Suraj Srivastava, Part-time Non-Official Director, effective April 11, 2026. The director completed his one-year term on April 10, 2026, and the bank disclosed this change to stock exchanges in compliance with SEBI regulations. The communication was filed by Company Secretary Ashish Mishra on April 10, 2026.
11Apr 26
Union Bank of India Files Half-Yearly Debt Securities Statement Worth ₹17,933 Crore
Union Bank of India submitted its half-yearly debt securities statement for the period ended March 31, 2026, showing total outstanding debt securities of ₹17,933.00 crore across 14 instruments. The portfolio includes both perpetual and fixed-term securities with coupon rates ranging from 7.16% to 9.50%, with most securities featuring call options for early redemption flexibility.
06Apr 26
Union Bank of India Submits SEBI Regulation 74(5) Compliance Certificate for Q4 FY26
Union Bank of India filed its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026, on April 06, 2026. The submission includes confirmation from RTA KFIN Technologies Limited that all dematerialisation procedures were conducted properly, with securities confirmed to depositories, physical certificates cancelled, and member registers updated accordingly.
04Apr 26
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.
02Apr 26
Union Bank of India Reports 74.76% Promoter Shareholding as of March 31, 2026
Union Bank of India disclosed that the President of India, as promoter, holds 5,70,66,60,850 equity shares representing 74.76% stake as of March 31, 2026. The bank confirmed no share encumbrances were made during FY26, complying with SEBI (SAST) Regulation 31(4). The disclosure was submitted to BSE and NSE on April 2, 2026, signed by Company Secretary Ashish Mishra.
02Apr 26
Union Bank of India Elevates Three General Managers to Chief General Manager Positions
Union Bank of India has promoted three General Managers to Chief General Manager positions effective April 1, 2026. The elevated executives are Shri K Pramod Kumar Reddy (28 years experience, currently on APGB deputation), Shri Sumit Srivastava (21 years experience, Ecosystem Banking), and Shri Dhirendra Jain (16 years experience, Finance and Accounts). All three officers hold CAIIB certification along with specialized educational qualifications, strengthening the bank's senior management structure.
28Mar 26
Union Bank of India Discloses ₹95.40 Lakh RBI Penalty for Regulatory Violations
Union Bank of India disclosed an RBI penalty of ₹95.40 lakh imposed on March 27, 2026, for violations related to unauthorized electronic banking transactions and asset classification norms. The bank failed to credit disputed amounts within prescribed timelines and lacked proper complaint mechanisms on its website. The financial impact is deemed not significant, and preventive measures have been implemented.
27Mar 26
Union Bank of India Receives Rating Reaffirmation from ICRA with Enhanced Certificate of Deposits Limit
ICRA Ratings Limited reaffirmed Union Bank of India's credit ratings on March 26, 2026, maintaining AAA ratings with stable outlook for Tier-2 bonds and infrastructure bonds, and A1+ rating for certificates of deposit. The rating agency enhanced the bank's certificate of deposits rated amount from Rs.35,000 crores to Rs.45,000 crores, increasing total rated capacity to Rs.60,200.00 crores. The ratings are supported by Union Bank's position as fifth largest PSB with 5.0% market share in advances and strong capitalisation with CET I ratio of 13.94% as of December 31, 2025.
27Mar 26
Union Bank of India Expects USD 75 Million Inflows from Nifty Indices Semi-Annual Rebalancing
Union Bank of India expects USD 75 million in foreign investment inflows from today's Nifty indices semi-annual rebalancing at 3 PM. The index inclusion reflects the bank's improved market standing and is anticipated to enhance liquidity through increased institutional participation.
25Mar 26
Union Bank Conducts Virtual Investor Meet with Millennium Capital on March 24
Union Bank of India successfully completed a virtual investor and analyst meeting with Millennium Capital (DIFC) Limited on March 24, 2026. The one-to-one meeting was conducted virtually from Mumbai between 5:00 PM to 6:00 PM, following proper regulatory disclosure under SEBI regulations.
24Mar 26
Union Bank Completes ₹3,000 Crore Bond Allotment for Infrastructure Financing
Union Bank of India successfully completed its ₹3,000 crore long-term bond issuance with allotment on March 24, 2026, achieving 3.12 times oversubscription. The 10-year bonds carry a 7.16% coupon rate and received strong institutional investor response with total bids of ₹9,379.82 crore against the base issue size.
16Mar 26
Union Bank Approves ₹20,000 Crore Bond Program for Infrastructure Development
Union Bank of India successfully concluded its Committee of Directors meeting on March 16, 2026, approving a comprehensive bond program worth ₹25,000 crore total. The approval includes ₹20,000 crore for long-term bonds targeting infrastructure and affordable housing sectors, and an additional ₹5,000 crore for green and sustainable bonds, with immediate fundraising plans of ₹7,500 crore before March 2026.
13Mar 26
Union Bank of India Receives AAA Rating for Rs. 10,000 Crore Infrastructure Bonds from CARE Ratings
Union Bank of India received AAA rating from CARE Ratings for Rs. 10,000.00 crore infrastructure bonds with stable outlook, while ratings were reaffirmed for Rs. 3,200.00 crore of existing perpetual and Tier-II bonds. The ratings reflect the bank's position as fifth largest PSB with 74.76% government ownership, improved asset quality metrics with gross NPA declining to 3.06%, and strong capitalisation levels with CAR of 16.49% as of December 31, 2025.
02Mar 26
Union Bank of India Completes Timely Payment of ₹127.50 Crore Annual Bond Interest
Union Bank of India completed its annual bond interest payment of ₹127.50 crores on March 2, 2026, meeting the scheduled due date for bonds with ISIN INE692A08185. The payment was made in full compliance with SEBI regulations and investor mandates, with applicable TDS deducted. This timely payment demonstrates the bank's commitment to debt servicing and regulatory compliance under SEBI listing obligations.
26Feb 26
Union Bank of India Conducts Investor Meeting with UBS Global Asset Management
Union Bank of India held a focused one-to-one investor meeting with UBS Global Asset Management, Singapore on February 26, 2026 in Mumbai from 4:00 PM to 5:00 PM. The bank disclosed this engagement under SEBI Regulation 30, emphasizing that all discussions were based on publicly available documents and maintaining regulatory compliance.
25Feb 26
FITCH Upgrades Union Bank of India's Viability Rating to 'bb', Affirms Long-Term IDR at 'BBB-'
FITCH Ratings upgraded Union Bank of India's Viability Rating to 'bb' from 'bb-' on February 25, 2026, while affirming the Long-Term IDR at 'BBB-' with stable outlook. The upgrade reflects improved financial profile including better asset quality with impaired-loan ratio at 3.10%, enhanced capitalisation with CET1 ratio at 15.70%, and strengthened risk oversight. FITCH also upgraded the bank's LT IDR (xgs) to 'BB(xgs)' while affirming other ratings, supported by the bank's nationwide franchise and government support.
18Feb 26
Union Bank of India to Participate in Kotak Securities' Annual Flagship Investor Conference 2026
Union Bank of India announced its participation in Kotak Securities' Annual Flagship Investor Conference - Chasing Growth 2026 on February 26, 2026 in Mumbai. The bank will participate in group format through in-person attendance, referencing only publicly available documents without sharing unpublished price sensitive information. The disclosure complies with SEBI regulations and has been made available on the bank's website.
16Feb 26
Union Bank of India Schedules Investor Meet with Kuwait Investment Office in London
Union Bank of India has announced an investor and analyst meeting with Kuwait Investment Office scheduled for February 20, 2026, in London, United Kingdom. The meeting will be conducted in a one-to-one, in-person format and complies with SEBI regulatory disclosure requirements under Regulation 30.
14Feb 26
Union Bank of India Completes Investor Meet with Ikigai Asset Manager on Feb 13, 2026
Union Bank of India successfully conducted a scheduled investor meeting with Ikigai Asset Manager Holdings Private Limited on February 13, 2026, in virtual format from 2:00 PM to 3:00 PM in Mumbai. The bank maintained regulatory compliance by referencing only publicly available documents during discussions and disclosed the meeting outcome under SEBI regulations.
10Feb 26
Union Bank of India Completes Participation in Axis Capital's Flagship Conference
Union Bank of India successfully participated in the Advantage India-Axis Capital's Flagship Conference on February 10, 2026, in Mumbai, engaging with 12 prominent institutional investors including Bandhan Life Insurance, Kotak Mahindra Life Insurance, Tata Asset Management, and others across two structured sessions. The bank maintained strict regulatory compliance by referencing only publicly available documents during discussions.
09Feb 26
Union Bank of India Participates in MANTHAN Systematix India Annual Conference
Union Bank of India participated in the MANTHAN Systematix India Annual Conference on February 9, 2026, engaging with 16 institutional investors across two in-person group sessions in Mumbai. The interactions included prominent asset management companies and insurance firms, with discussions based on publicly available documents in compliance with SEBI regulations.
01Feb 26
Union Bank of India Elevates Sarvesh Ranjan to Chief General Manager Position
Union Bank of India has elevated Shri Sarvesh Ranjan from General Manager to Chief General Manager effective February 01, 2026, following the superannuation of Shri Bhaskara Rao Kare. Ranjan, an engineering graduate with three decades of banking experience, currently oversees Central Reconciliation, Transaction Monitoring & AML functions. He has completed leadership programs from Switzerland and ISB Hyderabad, along with IT security certification from IDRBT.
29Jan 26
Union Bank of India Completes ₹222.90 Crore Bond Redemption Through Call Option Exercise
Union Bank of India completed the redemption of bonds worth ₹222,89,65,000 on January 29, 2026, through call option exercise. The bank redeemed 205 NCDs under ISIN INE692A08136, achieving full redemption with zero outstanding amount. The transaction was executed on schedule with proper TDS deductions and regulatory compliance under SEBI regulations.
28Jan 26
Union Bank of India Appoints CA Dhirendra Jain as New CFO Effective February 01, 2026
Union Bank of India has appointed CA Dhirendra Jain as its new Chief Financial Officer effective February 01, 2026, replacing CA Avinash Vasant Prabhu who resigned for personal reasons. The 51-year-old Chartered Accountant brings over 28 years of finance experience and currently serves as General Manager - Finance and Accounts at the bank. The seamless transition ensures continuity in the bank's financial leadership with no gap between the outgoing and incoming CFO positions.
28Jan 26
Union Bank of India Appoints Ashish Mishra as Company Secretary and Compliance Officer
Union Bank of India appointed Mr. Ashish Mishra as Company Secretary and Compliance Officer with immediate effect, replacing Mr. Mangesh Mandrekar who was transferred. Mr. Mishra brings 22 years of banking experience and holds qualifications as Associate Company Secretary and Associate Chartered Accountant. The appointment was announced through regulatory filing dated January 28, 2026, following a board meeting that concluded at 08:10 PM.
16Jan 26
Union Bank Expects Low Credit Costs, Managing Opex Growth Through Efficiency
Union Bank of India has outlined comprehensive strategic projections including expectations of low credit costs, controlled operational expenses through efficiency initiatives, and stronger loan growth in the upcoming quarter. The bank anticipates NIM improvement through deposit repricing and rate cut benefits while maintaining cost discipline.
14Jan 26
Union Bank Q3 Profit Rises 9.7% To Rs 5,073 Crore On Lower Provisions
Union Bank of India delivered strong Q3 results with 9.7% profit growth to Rs 5,073 crore, primarily driven by sharp decline in provisions and improved asset quality. The bank's strategic shift towards profitability over volume growth, including shedding Rs 40,000 crore of bulk deposits, resulted in better operational metrics despite modest credit and deposit growth.
14Jan 26
Union Bank Management Expects Lower Provisions and Higher Q4 Loan Growth - Concall
Union Bank of India management has issued positive guidance during concall updates, confirming expectations for lower provisions going forward and higher loan disbursal growth in Q4 compared to current quarter. This dual guidance reflects management's confidence in improved asset quality trajectory and lending momentum expansion.
14Jan 26
Union Bank of India MD Confirms No Plans to Monetise Subsidiary Stakes
Union Bank of India's Managing Director has confirmed the bank has no plans to monetise its stake in any subsidiary companies. This strategic decision indicates the bank's commitment to maintaining its current subsidiary structure and retaining control over its various business operations rather than pursuing divestment opportunities.
14Jan 26
Union Bank Shares Surge 8.3% After Q3 Results Show Improved Asset Quality
Union Bank of India reported strong Q3 results with 9% year-on-year net profit growth to ₹5,017 crores and significant asset quality improvement, leading to an 8.3% surge in share price to ₹180. The bank's gross NPA ratio declined to 3.06% from 3.29% sequentially while slippages reduced to ₹1,853 crores from ₹2,151 crores, demonstrating effective risk management and operational efficiency.
14Jan 26
Union Bank of India Q3FY26 Results: Net Profit Jumps 9% to ₹5,017 Crore, NPA Ratio Improves
Union Bank of India delivered strong Q3FY26 results with net profit growing 9% to ₹5,017 crore driven by improved asset quality. The bank's gross NPA ratio improved to 3.06% from 3.85% YoY, while fresh slippages declined to ₹1,660 crore from ₹1,980 crore quarter-on-quarter, demonstrating effective credit risk management.
14Jan 26
Union Bank of India Reports 7% Loan Growth, Below Earlier Guidance of 9-10%
Union Bank of India reported loan growth of 7%, falling short of its earlier guidance of 9-10%. The actual performance represents a variance of 2-3 percentage points below the bank's projected range, indicating slower credit expansion than anticipated.
14Jan 26
Union Bank of India Q3FY26 Results: Net Profit Rises 9% to ₹5,017 Crores, NPAs Decline Significantly
Union Bank of India reported strong Q3FY26 results with net profit rising 9% YoY to ₹5,017 crores. The bank showed significant improvement in asset quality with gross NPAs declining to 3.06% from 3.85% and net NPAs dropping to 0.51% from 0.82%. For nine months FY26, net profit grew to ₹13,381 crores. The bank maintained robust capital adequacy at 16.49% and achieved provision coverage ratio of 95.13%, demonstrating effective risk management and positioning for sustained growth.
14Jan 26
Union Bank Q3: Net Profit Up 8.6%, Interest Income Declines 1.9% YoY
Union Bank of India delivered mixed third quarter results, achieving 8.6% net profit growth to ₹5,000 crores while facing a 1.9% decline in interest income to ₹26,440 crores year-on-year. The bank demonstrated strong asset quality improvement with Gross NPA declining to 3.06% from 3.29% and Net NPA reducing to 0.51% from 0.55% quarter-on-quarter, reflecting effective risk management amid revenue pressures.
12Jan 26
Union Bank of India Submits SEBI Compliance Certificate for Q3FY26 Dematerialisation Process
Union Bank of India filed its Q3FY26 compliance certificate under SEBI Regulation 74(5) on January 12, 2026, for the quarter ended December 31, 2025. The certificate confirms proper dematerialisation processes were followed, with KFin Technologies Limited as registrar providing verification that all securities were appropriately processed, physical certificates cancelled, and member registers updated according to regulatory requirements.
09Jan 26
Union Bank of India Completes ₹1,086 Crore Bond Redemption Through Call Option Exercise
Union Bank of India redeemed bonds worth ₹1,085.93 crores on January 09, 2026, by exercising its call option ahead of the January 11, 2026 maturity date. The full redemption covered 1,000 NCDs with ISIN INE692A08128, leaving no outstanding balance. The early payment was made due to non-business days, demonstrating the bank's proactive debt management and regulatory compliance under SEBI guidelines.
09Jan 26
Union Bank of India Schedules Q3FY26 Earnings Call for January 14, 2026
Union Bank of India has scheduled an earnings call for January 14, 2026, at 14:45 Hours IST to discuss Q3FY26 unaudited financial results with analysts and investors. The virtual call will feature senior management including MD & CEO Asheesh Pandey and four Executive Directors, with dial-in facilities available across multiple countries including India, USA, UK, Singapore, and Hong Kong.
09Jan 26
Union Bank of India Board Meeting Scheduled for January 14, 2026 to Consider Q3FY26 Financial Results
Union Bank of India has announced a Board of Directors meeting scheduled for January 14, 2026, to consider the bank's unaudited reviewed financial results for Q3FY26 ended December 31, 2025. The meeting will review both standalone and consolidated financial statements. In compliance with SEBI insider trading regulations, a trading window closure is in effect from January 1, 2026, until 48 hours after the results announcement.
09Jan 26
Union Bank of India Schedules Q3 Results Review for January 14
Union Bank of India has scheduled its third quarter results review for January 14, providing stakeholders with advance notice of this important financial disclosure event. The announcement reflects the bank's commitment to transparency and regular communication with investors and analysts regarding its quarterly performance.
05Jan 26
Union Bank of India Q3 Update | Gross advances rise 7.13%; RAM advances up 11.49%
Union Bank of India's Q3FY26 business update shows robust performance with gross advances growing 7.13% YoY to ₹10,16,805 crores and RAM advances surging 11.49%. The bank improved its CASA ratio to 33.95% and maintained strong deposit growth of 3.36% YoY, reflecting solid operational momentum across key business segments.
02Jan 26
Union Bank of India Reports Global Deposits Growth of 3.36% to ₹12.20 Trillion
Union Bank of India has reported steady growth in its deposit portfolio with global deposits rising 3.36% year-over-year to ₹12.20 trillion. Domestic deposits also showed similar performance, growing 3.35% to ₹12.20 trillion, reflecting the bank's effective deposit mobilization strategies and customer confidence in its banking services.
24Dec 25
Union Bank Revises Bond Redemption Details for ₹1,000 Crore Series
Union Bank of India has issued a revised intimation for its ₹1,000 crore bond series call option exercise, updating key details including an increased coupon rate of 8.64% and adjusted redemption date of January 9, 2026. The revision ensures compliance with SEBI regulations and provides accurate information to bondholders ahead of the December 26, 2025 record date.
23Dec 25
Union Bank of India Completes ₹55.69 Crore Bond Interest Payment on Schedule
Union Bank of India completed its annual bond interest payment of ₹55.69 crores on December 23, 2025, for bonds with ISIN INE692A08227. The payment was made on schedule according to the record date of December 8, 2025, with applicable TDS deducted. This represents continued compliance with SEBI regulations and demonstrates the bank's commitment to timely debt servicing.
20Dec 25
Union Bank of India Completes ₹126 Crore Bond Interest Payment Under SEBI Regulation 57
Union Bank of India completed its annual bond interest payment of ₹126 crores on December 20, 2025, for bonds with ISIN INE692A08177. The payment was executed on schedule without delays, maintaining compliance with SEBI Regulation 57 requirements. The bank demonstrated operational efficiency and commitment to investor obligations through timely payment execution and proper regulatory reporting.
19Dec 25
Union Bank of India Receives $18.37 Million from Malaysia Joint Venture Liquidation
Union Bank of India has received an interim distribution of $18.37 million from the Members Voluntary Liquidation (MVL) of India International Bank Malaysia (IIBMB). This amount represents Union Bank's 25% share in the joint venture. The bank disclosed this information to stock exchanges in compliance with SEBI regulations. IIBMB was a collaborative venture between Union Bank of India, Bank of Baroda, and Indian Overseas Bank.
12Dec 25
Union Bank of India Credit Ratings Reaffirmed by CRISIL with Stable Outlook
CRISIL Ratings reaffirmed Union Bank of India's credit ratings on December 11, 2025, maintaining AA+/Stable for Additional Tier-1 bonds worth ₹7,100 crores and AAA/Stable for Tier-2 bonds worth ₹1,750 crores. The bank showed improved asset quality with GNPA declining to 3.30% from 3.60% in March 2025, strong capital adequacy at 17.10% CAR, and reported consolidated profit of ₹8,419 crores in H1 FY26 with 1.10% RoA.
25Nov 25
Union Bank of India Welcomes New Executive Director Shri Amresh Prasad
Union Bank of India has appointed Shri Amresh Prasad as its new Executive Director, effective November 24, 2025. Prasad, previously the Chief General Manager at Punjab National Bank, brings over 32 years of banking experience. His appointment is for a three-year term or until reaching superannuation on October 31, 2028. Prasad's expertise spans corporate credit, credit review and monitoring, transaction monitoring, and branch operations. He holds a degree in Chemistry and is a Certified Associate of the Indian Institute of Bankers.
24Nov 25
Union Bank of India Completes Rs 174 Crore Bond Interest Payment with Minor Delay
Union Bank of India paid Rs 174.00 crore in bond interest on November 24, 2025, two days after the original due date of November 22, 2025. The delay was attributed to the due date falling on a non-business day. The payment was based on the beneficiary position as of the record date, November 7, 2025. The bank's total assets stood at Rs 1,499,860.00 crore as of March 2025, showing a 7.75% year-on-year increase.
20Nov 25
Union Bank of India Fined ₹1.35 Lakh by RBI for Currency Chest Deficiencies
Union Bank of India has been penalized ₹1,35,250 by the Reserve Bank of India for non-compliance with guidelines related to currency chests. The bank received the order on November 19, 2025, and stated that the impact on its operations is not significant. Union Bank has taken preventive measures to avoid future occurrences. Separately, the bank did not participate in the JM Financial Flagship India Conference on the same date due to exigencies.
07Nov 25
Union Bank of India Announces End of Chairman Srinivasan Varadarajan's Tenure
Shri Srinivasan Varadarajan, Non-Executive Chairman and Part Time Non-Official Director of Union Bank of India, has completed his tenure. His position will cease effective November 7, 2025. The bank has notified the BSE and NSE about this change in compliance with SEBI regulations.
06Nov 25
Union Bank of India Reports Q2 Net Profit of Rs 4,249 Crores, Focuses on Margin Protection
Union Bank of India posted a net profit of Rs 4,249 crores for Q2 FY26, up 3.25% quarter-on-quarter. The bank's operating profit reached Rs 6,814 crores. Asset quality improved with gross NPA reducing to 3.29% and net NPA to 0.55%. The bank's capital adequacy ratio stands at 17.07%. Union Bank is focusing on retail, agriculture, and MSME segments, targeting 58% portfolio mix from the current 55%. The bank expects 9-10% growth on both asset and liability sides in the future.
30Oct 25
Union Bank of India Reports Strong Q2 Performance with 8.14% Credit Growth and Improved Asset Quality
Union Bank of India announced its Q2 results for the period ended September 30, showing a net profit of ₹4,720.00 crores, up from ₹4,604.00 crores year-over-year. The bank achieved 8.14% growth in RAM (Retail, Agriculture, MSME) advances, reaching ₹5.54 lakh crores. Asset quality improved significantly with Gross NPA reducing to 3.29% from 4.38% and Net NPA decreasing to 0.55% from 1.03%. The bank maintained a strong Capital Adequacy Ratio of 17.07% and improved profitability metrics with Return on Assets at 1.16% and Return on Equity at 15.08%. The credit cost decreased to 0.22% from 1.09%, and the bank's deposit base reached ₹12.35 trillion with a CASA ratio of 32.56%.
30Oct 25
Union Bank of India Reports 3.24% Business Growth with Improved Asset Quality
Union Bank of India experienced a 3.24% year-over-year growth in total business for the quarter ended September 30. Gross advances increased by 4.99%, while total deposits grew by 1.90%. The bank's asset quality improved significantly, with the gross non-performing assets ratio dropping to 3.29%. Despite declines in operating profit (-16.01%), net profit (-9.97%), and net interest income (-3.73%), the bank maintained profitability. Union Bank's Capital Adequacy Ratio stands at 17.07%, with a Common Equity Tier 1 ratio of 14.37%, indicating a strong capital position.
29Oct 25
Government Mulls Merger of Union Bank and Bank of India to Create Banking Giant
The Indian government is reportedly considering a merger between Union Bank of India and Bank of India. If realized, this consolidation could create the second-largest bank in India, potentially enhancing operational efficiency, capital adequacy, and lending capacity. The merger could significantly alter the competitive landscape of the banking sector. However, challenges such as integrating diverse organizational cultures and harmonizing operational processes would need to be addressed. The decision is still under consideration, with stakeholders awaiting further developments.
03Oct 25
Union Bank of India Reports Mixed Results: Strong Retail Growth Amid Overall Slowdown
Union Bank of India's latest quarterly update reveals a 23.96% year-on-year growth in domestic retail advances. However, the bank faced challenges in overall business growth with total global business increasing by 3.24%, global deposits by 1.90%, and gross advances by 5.30% year-over-year. Deposits grew 1.90% annually but declined 0.40% sequentially. The RAM (Retail, Agri, MSME) segment saw a 9.30% growth. Following the results, the bank's shares declined by 2.10% to ₹135.90.
30Sept 25
Union Bank of India Welcomes Asheesh Pandey as New MD & CEO
Union Bank of India has appointed Asheesh Pandey as its new Managing Director and Chief Executive Officer for a three-year term. Pandey brings over 27 years of banking experience, including roles at Corporation Bank, Bank of Maharashtra, and previously as Chief General Manager and COO at Union Bank of India. He has expertise in corporate credit, treasury, digital lending, and has led significant digital transformation initiatives. Pandey holds a degree in Mechanical Engineering, a postgraduate management qualification, and has completed executive training programs at prestigious institutions.
16Sept 25
Union Bank of India Extends Terms for Executive Directors Nitesh Ranjan and Ramasubramanian S.
The Department of Financial Services, Ministry of Finance, has extended the terms of two Executive Directors at Union Bank of India. Shri Nitesh Ranjan's term has been extended for three years beyond March 9, 2026, while Shri Ramasubramanian S.'s term has been extended until his superannuation on June 30, 2027. The bank officially announced these changes to stock exchanges in compliance with SEBI regulations.
01Aug 25
Union Bank of India Declares Rs 4.75 Dividend, Approves Rs 6,000 Crore Capital Raising at 23rd AGM
Union Bank of India held its 23rd Annual General Meeting on August 1, 2025, via video conferencing. Key outcomes include approval of financial statements, declaration of Rs 4.75 per share dividend, and approval to raise Rs 6,000 crore in capital. New appointments were made, including Shri Suraj Srivastava as Independent Director and Shri Rohan Chand Thakur as Government Nominee Director. The Chairman addressed various aspects of the bank's operations and future outlook. All agenda items passed with majority votes. Separately, Shri Vipan Singh was promoted to Chief General Manager, replacing the superannuated Shri Chander Mohan Minocha.
31Jul 25
RBI Imposes ₹1.05 Lakh Penalty on Union Bank of India for Currency System Deficiencies
The Reserve Bank of India (RBI) has imposed a penalty of ₹1.05 lakh on Union Bank of India for deficiencies in its Currency Verification and Processing System. The bank received the order on July 30, 2025, and promptly disclosed it to stock exchanges. Union Bank stated that the penalty has no material impact on its financial operations and has implemented preventive measures to avoid future occurrences.
25Jul 25
Union Bank of India Reports 12% Net Profit Growth in Q1 Amid Margin Pressure
Union Bank of India reported a 12% year-on-year increase in net profit to Rs. 4,116.00 crores for the first quarter. Overall credit growth was 6.80%, with retail loans growing by 26.00% and MSME loans by 18.00%. The RAM segment expanded by 10.30%. Net Interest Margin declined by 11 basis points to 2.76% due to recent interest rate cuts. Return on Assets improved to 1.11% from 1.06%. The bank maintained a strong capital position with a Capital Adequacy Ratio of 18.30% and reduced bulk deposits by 7.00%. Treasury income stood at Rs. 1,418.00 crores. The bank expects a 20-25 basis points moderation in NIM for the full year but aims to maintain ROA above 1%.
25Jul 25
Union Bank of India Appoints Rohan Chand Thakur as New Government Nominee Director
Union Bank of India has appointed Shri Rohan Chand Thakur as the new Government Nominee Director, effective July 24, 2025, replacing Shri Sameer Shukla. Thakur, an IAS officer from the 2009 batch, brings over 15 years of governmental experience and an impressive educational background including degrees from St. Stephen's College, IIM Ahmedabad, and Harvard University. His appointment, made under Section 9(3)(b) of the Banking Companies Act, 1970, will be subject to shareholder approval at the upcoming Annual General Meeting on August 1, 2025.
21Jul 25
Union Bank's Q1 Profit Surges 11.7% to ₹4,100 Crore, Asset Quality Improves
Union Bank of India posted a net profit of ₹4,100.00 crore in Q1, up 11.7% year-on-year. Revenue grew 3.5% to ₹27,290.00 crore. The bank's asset quality improved with Gross Non-Performing Assets (GNPA) declining to 3.52% from 3.60% quarter-on-quarter, and Net Non-Performing Assets (NNPA) slightly decreasing to 0.62% from 0.63%. This performance demonstrates the bank's profitability and effective risk management strategies.
20Jul 25
Union Bank of India Reports Decline in Fresh Slippages, Hosts Post-Earnings Call
Union Bank of India (UBI) reported a decrease in fresh slippages to ₹2,199.00 crore, down from ₹2,480.00 crore in the previous quarter, indicating an improvement in asset quality. The bank conducted a post-earnings call to discuss its unaudited financial results, with the audio recording made available on its website. This information was disclosed in compliance with SEBI regulations.
19Jul 25
Union Bank of India Reports 12% Net Profit Growth Despite Declining Core Income
Union Bank of India's Q1 net profit increased by 12% to ₹4,115.00 crore, despite a decline in Net Interest Income to ₹9,112.00 crore. The bank's asset quality improved with gross NPA ratio decreasing to 3.52%. However, business growth was weak with gross advances growing by 7.00% and deposits by 3.60%, falling short of annual targets. The bank's shares closed at ₹146.50, showing a 20% year-to-date increase.
09Jul 25
Union Bank of India Reports Mixed Q1 Results with Declines in Key Metrics
Union Bank of India's Q1 business update reveals a 2.40% quarter-on-quarter decrease in advances to ₹12.40 lakh crore. Global Total Deposits declined, with CASA deposits dropping by 5.00% QoQ to ₹4.03 lakh crore. Despite these sequential declines, both deposits and advances showed year-on-year growth. The bank's stock price fell by nearly 6.00% following the update.
08Jul 25
Union Bank of India: Q1 Business Grows 5%, Retail Advances Surge 26%
Union Bank of India announced a 5% year-over-year growth in total business, reaching ₹21.09 lakh crore for Q1 FY24. Total deposits increased by 3.63% to ₹11.97 lakh crore, while global gross advances grew by 6.83% to ₹9.12 lakh crore. The bank's domestic retail advances showed impressive growth of 25.60%, reaching ₹1.82 lakh crore.
26Jun 25
Union Bank of India Unveils Rs 6,000 Crore Fundraising Plan
Union Bank of India's board has approved a plan to raise up to Rs 6,000 crore through debt and equity instruments in the current financial year. The plan includes raising Rs 3,000 crore through equity methods and another Rs 3,000 crore via Basel III-compliant bonds. This initiative aims to strengthen the bank's capital base and is subject to government approval.
25Jun 25
Union Bank of India Unveils ₹60 Billion Capital Raising Plan
Union Bank of India has announced a ₹60 billion capital raising plan approved by its board. The plan includes ₹20 billion in Basel III Compliant AT1 Bonds, ₹10 billion in Tier 2 Bonds, and ₹30 billion in Equity Capital. This initiative aims to strengthen the bank's capital base, enhance lending capacity, and support growth objectives.
25Jun 25
Union Bank of India Unveils Rs 6,000 Crore Fundraising Plan
Union Bank of India's board has approved a Rs 6,000 crore fundraising plan for the current financial year. The plan includes raising Rs 3,000 crore through equity share sales and another Rs 3,000 crore via Basel III-compliant bonds. This initiative aims to strengthen the bank's capital base and support growth. The plan still requires government approval before implementation.
25Jun 25
Union Bank of India: Executive Director Demoted Amid Legal Controversy
Pankaj Dwivedi, former Executive Director at Union Bank of India, has been demoted to General Manager at Punjab & Sind Bank. This action follows a legal challenge in the Delhi High Court questioning the legitimacy of Dwivedi's appointment, citing lack of vigilance clearance. The case is ongoing, and the outcome could have implications for appointment processes in public sector banks.
23May 25
RBI Slaps ₹63.6 Lakh Fine on Union Bank for Regulatory Violations
The Reserve Bank of India (RBI) has imposed a penalty of ₹63.60 lakh on Union Bank of India for non-compliance with regulations. The bank failed to transfer unclaimed deposits to the Depositor Education and Awareness Fund within the required timeframe and accepted improper collateral for small agricultural loans. This action highlights the RBI's strict stance on regulatory compliance in the banking sector.
13May 25
Union Bank of India Unveils 'Union Wellness Deposit' with Health Insurance and Attractive Returns
Union Bank of India has introduced 'Union Wellness Deposit', a new term deposit scheme offering a 6.75% interest rate for a 375-day tenure, along with ₹5 lakh health insurance coverage and lifestyle benefits. The scheme requires a minimum investment of ₹10 lakh and allows a maximum of ₹3 crore, targeting resident individuals aged 18-75 years.
12May 25
Union Bank of India Reports Robust Q4 Performance: Net Profit Soars 50% YoY
Union Bank of India's Q4 FY24-25 results show impressive growth with net profit up 50.57% YoY to Rs 4,984.90 crore. Revenue increased 7.07% to Rs 33,254.30 crore, and operating profit grew 7.43% to Rs 18,778.30 crore. EPS rose 47.74% to Rs 6.53. The bank faces potential challenges including margin pressure due to anticipated RBI rate cuts and below-target loan growth of 8.62% for FY25. The bank remains cautious about FY25 guidance due to economic uncertainties.
09May 25
Union Bank of India: Q4 Profit Surges 50% on Strong Treasury Gains, Reports Robust FY23 Performance
Union Bank of India announced impressive Q4 FY23 results with a 50% year-over-year increase in net profit to ₹4,985.00 crore, driven by doubled treasury gains. Full-year net profit rose 32% to ₹17,987.00 crore. The bank's loan book grew 8.6% to ₹9.80 lakh crore, while deposits increased 7.2% to over ₹13.00 lakh crore. Asset quality improved with Gross Non-Performing Assets ratio at 3.60%.
08May 25
Union Bank of India: Q4 Profit Surges 51%, Dividend Declared
Union Bank of India announced strong Q4 FY2023-24 results with net profit soaring 51% YoY to ₹4,984.90 crore. Net Interest Income grew 0.8% to ₹9,514.00 crore. The bank's asset quality improved with GNPA ratio decreasing to 3.60% from 3.85% QoQ. A dividend of ₹4.75 per share was declared for FY2024-25.
07May 25
Union Bank of India Sets Date for Q4 and FY25 Results, Dividend Consideration
Union Bank of India will announce its Q4 and FY25 financial results on May 8, 2025. The board will also consider recommending a dividend for FY25. An earnings call is scheduled for May 9, 2025, at 12:00 PM. The bank has implemented a trading window closure for insiders until 48 hours after the results declaration.
07May 25
Union Bank of India Clarifies Book Purchase Controversy, Assures No Material Impact
Union Bank of India (UBI) has responded to concerns over a scrutinized book purchase, stating it does not significantly affect operations or finances. The bank acknowledged lapses in the procurement process and has initiated an internal examination. UBI emphasized transparency and reassured stakeholders of its stability, demonstrating commitment to corporate governance.
06May 25
Union Bank of India Clarifies Book Procurement Irregularities
Union Bank of India has acknowledged irregularities in its book procurement process, which are currently under examination. The bank assures that these issues do not materially impact its operations or financial standing. Union Bank is committed to transparency and is proactively addressing the concerns, demonstrating its dedication to maintaining trust and credibility in the banking sector.
06May 25
Union Bank Staff Union Raises Alarm Over 'Wasteful' Book Expenditure
The All India Union Bank Employees' Association (AIUBEA) has demanded an investigation into Union Bank of India's (UBI) alleged 'wasteful expenditure' on a book authored by former IMF Executive Director K.V. Subramanian. The union raised concerns about the bank's purchase of large quantities of the book and potential impropriety in its publicity involvement. This incident highlights issues of corporate governance and financial prudence in public sector banks. UBI's management has not yet responded to these allegations.
04Apr 25
Union Bank of India Reports Lower-Than-Expected Loan Growth for FY2025
Union Bank of India (UBI) announced an 8.62% year-over-year growth in total advances as of March 31, 2025, falling short of its 11-13% guidance. The bank's debt securities statement reveals various perpetual and dated bonds with coupon rates ranging from 7.74% to 9.50%, totaling Rs. 10,750 crore.
11Mar 25
Fitch Affirms Union Bank's 'BBB-' Rating, Upgrades Viability Rating to 'BB-'
Fitch Ratings has upgraded Union Bank of India's Viability Rating to 'BB-' from its previous level, while affirming its Long-Term Issuer Default Rating at 'BBB-' with a Stable outlook. This positive rating action reflects improvements in the bank's standalone credit profile and financial health. The upgrade suggests enhancements in areas such as asset quality, profitability, capital buffers, risk management, and operational efficiency.
28Feb 25
Bombay HC Slams Union Bank of India Over Anil Ambani's 'Fraud' Account Classification
The Bombay High Court has criticized Union Bank of India for classifying Anil Ambani's loan account as fraudulent without proper due diligence. The court directed Ambani to approach the RBI with a complaint. The bench expressed concern over a trend among banks to label accounts as 'fraud' or borrowers as 'wilful defaulters' without proper consideration. This development could lead to increased scrutiny of loan classification procedures in the Indian banking sector.
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