Union Bank of India Share Price Hit Record High After Reporting Q3FY26 Results

Union Bank of India Profitability

Union Bank of India delivered healthy profitability in the third quarter of FY26. The bank reported a net profit of ₹5,017 crores with a jump of 18.07% on a QoQ basis, backed by growth in interest earnings and efficient operations. Interest income for the quarter stood at ₹26,443 crores with growth of 0.97% on a QoQ basis, while the Net Interest Income (NII) rose to ₹9,328 crores, reflecting a 5.85% growth QoQ.

On 9 months YoY basis, the net profit jumped by 2.91%, Interest Income grew by 1.06%, and Net Interest Income declined by 1.61%.

Return ratios continued to strengthen, with Return on Assets (RoA) improving to 1.35% and Return on Equity (RoE) rising to 17.09% during the quarter, indicating better utilisation of capital and assets.

Union Bank of India Business Growth and Deposit Momentum

Union Bank’s total business expanded to ₹22,39,740 crores, marking a 5.04% year-on-year (YoY) rise. The bank witnessed encouraging traction across both advances and deposits:

• Gross advances increased by 7.13% YoY to ₹10,16,884 crores in 9 months. During the quarter, it increased by 4.27%.
• Total global deposits grew 3.36% YoY to ₹12,22,856 crores in 9 months. During the quarter, it decreased by 0.95%.

CASA deposits also strengthened, growing 3.29% QoQ, with the CASA ratio positioned at 33.96%, reflecting the bank’s efforts to improve low-cost deposit share.

Healthy Growth in Retail, Agriculture, and MSME Segments

The bank continued to build momentum in its Retail, Agriculture, and MSME (RAM) portfolio, which recorded a strong 11.50% YoY expansion(9-month basis) and 4.10% quarterly. The RAM advances as a percent of Domestic Advances stood at 58.84%.

Improved Gross NPA and Net NPA

Union Bank made meaningful progress in cleaning up its loan book. Gross NPA levels declined by 79 basis points in 9 months & 23 basis points in the quarter to 3.06%, while Net NPA dropped by 31 basis points in 9 months and by 4 bps in the quarter to 0.51%. The Provision Coverage Ratio (PCR) remained robust at 95.13%, reflecting strong provisioning buffers.

Capital adequacy levels also improved, with the Capital to Risk-weighted Assets Ratio (CRAR) at 16.49%.

Key Progress in Financial Inclusion and Green Initiatives

Union Bank of India continued advancing financial inclusion through multiple government-backed schemes:

• Under PMJDY, the bank opened 3.37 crore accounts with a cumulative balance of ₹14,498 crores as of December 31, 2025.
• During Q3FY26, it facilitated 3.53 lakh enrollments under PMJJBY and 10.34 lakh enrollments under PMSBY.
• Through the Union Nari Shakti Scheme, the bank sanctioned 3,576 applications totaling ₹611 crores to support women entrepreneurs.

On the sustainability front, Union Bank extended ₹34,967 crores in credit towards renewable energy and sanctioned ₹1,637 crores under the Union Green Miles program, reinforcing its commitment to green financing.

Extensive Operational Footprint

As of the end of 2025, Union Bank of India operated a wide and diverse network, consisting of:

• 8,671 branches (including overseas branches)
• 8,300 ATMs
• 26,541 Business Correspondent (BC) points

In addition, the bank managed specialized units including 138 MSME Loan Points, 143 Retail Loan Points, and 1,675 Gold Loan Points, enabling better customer service and focused credit delivery.

Union Bank Share Price Hits Record High

Union Bank of India share price jumped over 8% on Wednesday and hit a record high of ₹180 per share as the bank announced its Q3FY26 quarterly results. As of 2:34 pm, the stock price was trading at ₹178 per share, up by 7.11%. On a year-to-date basis, the stock price has given 15% returns, while in the last 12 months it is up by 74%.