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.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.