Highlights
- Union Bank of India reported 12.50% year-on-year growth in gross advances as of June 30, 2026.
- Domestic CASA deposits increased 11.72% year-on-year, while CASA ratio reached 35.10%.
- Domestic advances and RAM advances recorded double-digit annual growth during the reported quarter.
Union Bank of India (NSE:UNIONBANK) has released its provisional business update for the quarter ended June 30, 2026, highlighting growth across advances and domestic deposits. The disclosure was made under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, before the announcement of the Bank's financial results for the quarter.
According to the filing, the figures remain provisional and are subject to review by the Statutory Central Auditors and other necessary approvals.
Gross advances record double-digit annual growth
The Bank's global business stood at Rs 23,79,696 crore as of June 30, 2026, compared with Rs 22,14,422 crore a year earlier, reflecting a 7.46% YoY increase.
Global gross advances rose to Rs 10,96,331 crore, up from Rs 9,74,489 crore in the corresponding period last year. On a quarterly basis, gross advances increased 1.64%, while the annual growth stood at 12.50%.
Meanwhile, total global deposits were reported at Rs 12,83,365 crore, representing a 3.50% YoY increase, although they declined 1.80% sequentially from March 31, 2026.
Domestic business reflects growth across lending segments
Union Bank's domestic business reached Rs 23,43,898 crore, compared with Rs 21,77,604 crore in the year-ago period, reflecting 7.64% YoY growth.
Domestic advances increased to Rs 10,61,128 crore, up from Rs 9,38,098 crore a year earlier. This represented 13.11% YoY growth and a 1.94% increase compared with the March 2026 quarter.
Domestic deposits stood at Rs 12,82,770 crore, recording 3.49% YoY growth, while declining 1.80% sequentially.
CASA deposits and RAM advances register annual increase
Domestic CASA deposits were reported at Rs 4,50,220 crore, compared with Rs 4,03,003 crore a year ago, reflecting 11.72% YoY growth.
The CASA ratio stood at 35.10%, compared with 32.51% in the corresponding period last year, representing an improvement of 259 basis points. Compared with March 2026, the ratio declined by 11 basis points.
The Bank also reported domestic RAM (Retail, Agriculture and MSME) advances of Rs 6,08,095 crore, increasing 11.56% YoY and 1.61% QoQ.
Credit-deposit ratio improves
The domestic credit-deposit ratio excluding bank deposits improved to 83.38%, compared with 76.24% a year earlier, representing an increase of 714 basis points.
Including bank deposits, the domestic credit-deposit ratio stood at 82.72%, compared with 75.68% in the corresponding period last year, reflecting an increase of 704 basis points.
The Bank noted that all reported figures are provisional and have been released before the declaration of financial results for the quarter ended June 30, 2026.
Key Risks
- Quarterly figures remain provisional until statutory audit and regulatory approvals.
- Deposit growth remained below advances growth during the reported period.
- Sequential decline in total deposits may influence future funding mix.
- Future financial results may differ from provisional business update.
Summary
Union Bank of India's (NSE:UNIONBANK) provisional Q1 FY27 business update showed continued growth in lending activity, with gross advances rising 12.50% year-on-year and domestic advances increasing 13.11%. Domestic CASA deposits also recorded double-digit annual growth, while the CASA ratio improved compared with last year. The disclosed figures remain provisional pending statutory audit and regulatory approvals before quarterly financial results.
FAQs
Q: What was Union Bank of India's gross advances growth in Q1 FY27?
A: The Bank reported gross advances growth of 12.50% year-on-year as of June 30, 2026, according to its provisional business update.
Q: How much did Union Bank's domestic CASA deposits increase?
A: Domestic CASA deposits increased 11.72% year-on-year to Rs 4,50,220 crore during the reported quarter ended June 30, 2026.
Q: Are the reported business figures final?
A: No. The Bank stated the disclosed business numbers are provisional and remain subject to statutory audit and required approvals.