Union Bank of India Reports Growth in Advances and Deposits
Union Bank of India announced financial updates for the period ending March 31, 2026. Total Gross Advances grew by 9.76% year-over-year (YoY), while Total Domestic Advances increased by 10.06% YoY. RAM Advances (Domestic) experienced a significant rise of 12.59% YoY. Domestic CASA Deposits saw growth of 7.90% YoY and 10.82% quarter-over-quarter (QoQ).The bank's business (Global) totaled Rs. 23,85,679 crores, a 5.79% YoY increase. Global Advances reached Rs. 10,78,779 crores, up 9.76% YoY. Global Deposits amounted to Rs. 13,06,900 crores, showing a 2.72% YoY increase.
Domestic business stood at Rs. 23,47,419 crores, a 5.85% YoY growth. CASA Deposits within the domestic sector reached Rs. 4,59,988 crores, reflecting a 7.90% YoY increase and a notable 10.82% QoQ increase. The CASA percentage rose to 35.21%. Domestic Advances totaled Rs. 10,41,122 crores, marking a 10.06% YoY increase, while RAM Advances reached Rs. 5,98,620 crores, a 12.59% YoY increase.
The Domestic C/D Ratio (Excluding Bank Deposits) decreased to 80.41, a 593 BPS YoY change, while the Domestic C/D Ratio (Including Bank Deposits) settled at 79.70, a 532 BPS YoY change.
Amounts were reclassified as necessary to align with the current quarter's classifications.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.