Union Bank stock reports 18.53 percent loan growth in Q2

Published on 10/07/2026 at 06:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Union Bank stock was trading at INR 166.25 on October 7, 2026, while CASA deposits rose 14.66 percent in Q2 FY27. Total business grew 12.02 percent year over year.

Union Bank, INE692A01016, Illustration mit AI erstellt.

Union Bank of India stock (ISIN INE692A01016) was trading at INR 166.25 on the NSE on October 7, 2026 at 9:42 a.m. IST, down 1.30 percent from the previous close. The bank's provisional Q2 FY27 update showed gross advances rising 18.53 percent year over year to INR 11.5593 trillion.

Loan growth leads the update

According to CNBC TV18 on October 1, 2026, domestic advances reached INR 11.05807 trillion, up 17.36 percent from INR 9.42273 trillion a year earlier. Retail, agriculture and MSME advances increased 14.65 percent year over year to INR 6.35527 trillion, giving the expansion a broad operating base.

The bank's total global business grew 12.02 percent year over year to INR 24.75387 trillion, compared with INR 22.09828 trillion in Q2 FY26. Sequentially, the figure increased 4.02 percent from INR 23.79697 trillion in June 2026.

CASA growth counters funding pressure

Domestic CASA deposits rose 14.66 percent year over year to INR 4.60697 trillion, while total deposits increased 6.87 percent to INR 13.19457 trillion. The CASA ratio therefore reached 34.93 percent, 237 basis points above its year-earlier level of 32.56 percent.

The counter-factor is the pace of balance-sheet deployment. The domestic credit-to-deposit ratio excluding bank deposits climbed to 84.34 percent from 77.01 percent a year earlier, a 733-basis-point increase, according to ScanX on October 1, 2026. That gap makes deposit mobilization and future asset quality important checkpoints when the final quarterly results are declared.

Analyst target stays above the quote

Motilal Oswal maintained a Neutral rating and a target of INR 190 after the Q2 business update, as reported by TradingView on October 5, 2026. The target lies 14.3 percent above the October 7 NSE price, but it remains below the 52-week high of INR 205.49.

Union Bank stock trades below its high

Union Bank stock was trading at INR 166.25 on the NSE on October 7, 2026 at 9:42 a.m. IST, with an intraday range of INR 165.55 to INR 167.75 and volume of 683,303 shares. Its 52-week range was INR 135.72 to INR 205.49, while market capitalization stood at INR 1.3 trillion.