Union Bank of India stock fell 1.99 percent as advances grew 18.53 percent
Published on 10/04/2026 at 23:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Union Bank of India stock was trading at INR 167.59 on the NSE on October 1, 2026 at 3:15 p.m. IST, down 1.99 percent from the previous close. The bank's provisional Q2 FY27 business update showed gross advances of INR 11,559.30 billion on September 30, 2026, up 18.53 percent year over year, according to ScanX News.
Credit growth outpaces deposits
The September 30 figures point to a widening gap between lending and funding. Total deposits reached INR 13,194.57 billion, up 6.87 percent year over year, while total business rose 12.02 percent to INR 24,753.87 billion, according to ScanX News.
Domestic advances increased 17.36 percent to INR 11,058.07 billion, compared with domestic deposit growth of 6.88 percent. The domestic credit-deposit ratio therefore reached 84.34 percent, versus 77.01 percent a year earlier, a 733-basis-point increase.
CASA provides a funding counterweight
Low-cost domestic CASA deposits rose 14.66 percent to INR 4,606.97 billion by September 30, 2026, more than twice the pace of total domestic deposit growth. Their share of domestic deposits reached 34.93 percent, up from 32.56 percent a year earlier, although the ratio was 35.10 percent in June 2026.
The latest provisional figures complement the bank's reported June-quarter earnings. Profit after tax stood at INR 56.4152 billion in Q1 FY27, compared with INR 55.0361 billion in Q4 FY26, while basic EPS rose to INR 7.39 from INR 7.21, according to The Economic Times. The eventual audited Q2 results will show whether rapid loan growth is translating into sustained earnings quality.
Analyst target remains above the stock
A consensus compiled from 17 analysts carried a Buy rating, with 11 Buy recommendations, 3 Holds and 3 Sells. The average 12-month target was INR 196.76, with a high of INR 225 and a low of INR 160, according to Investing.com. The average target lies 17.4 percent above the October 1 price of INR 167.59, keeping the funding gap and asset quality central to the investment case.
Union Bank stock stays below yearly high
Union Bank of India was last at INR 167.59 on the NSE on October 1, 2026 at 3:15 p.m. IST. The 52-week range was INR 135.30 to INR 205.49, while market capitalization stood at INR 1.3 trillion and trading volume reached 7,875,995 shares.
Union Bank of India stock facts
- Company: Union Bank of India Ltd
- Ticker: UNIONBANK
- Trading venue: NSE
- Price (as of October 1, 2026, 3:15 p.m. IST): INR 167.59
- Market capitalization: INR 1.3 trillion (as of October 1, 2026)
- 52-week range: INR 135.30-205.49 (as of October 1, 2026)
- Sector / Industry: Financials / Public Sector Banks
- Index membership: Nifty Bank, Nifty Next 50, Nifty 100
