Routine Positive

2026-05-30 18:06

Union Bank has intimated the exercise of a Call Option for its bond with ISIN INE692A08144, valued at ₹850 Crores and carrying a coupon rate of 7.19%. The redemption payment date is June 24, 2026, with the record date set for June 9, 2026. This action signifies the bank's proactive management of its debt obligations.

Governance Positive

2026-05-27 21:51

Union Bank of India announced its 24th Annual General Meeting (AGM) to be held on Friday, 10th July 2026, at 11:00 a.m. IST via Video Conferencing. The AGM will discuss the payment of dividend, for which the record date is set as Friday, 3rd July 2026. The book closure period for the AGM and dividend will be from Saturday, 4th July 2026, to Friday, 10th July 2026.

Governance Positive

2026-05-27 21:46

Union Bank of India announced the convening of its 24th Annual General Meeting (AGM) of shareholders on Friday, 10th July 2026, at 11:00 a.m. IST, to discuss the AGM proceedings and payment of dividend. The Record Date/Cut-off date for e-voting and dividend is Friday, 3rd July 2026, and the Book Closure period is from Saturday, 4th July 2026, to Friday, 10th July 2026.

Governance Positive

2026-05-26 14:42

Union Bank of India's Board of Directors, in a meeting on May 26, 2026, approved a capital plan to raise up to ₹8,000 crore. This includes raising equity capital not exceeding ₹3,000 crore via public issue, rights issue, or private placements, and up to ₹5,000 crore through Basel III compliant Additional Tier 1 and/or Tier 2 Bonds.

Governance Positive

2026-05-26 14:22

The Board of Directors of Union Bank of India, in its meeting held on May 26, 2026, approved a Capital Plan to raise up to ₹8,000 crore. This plan includes raising equity capital not exceeding ₹3,000 crore through Public Issue, Rights Issue, or Private Placements, and raising Basel III compliant Additional Tier 1 and/or Tier 2 bonds not exceeding ₹5,000 crore.

Routine Neutral

2026-05-21 18:51

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Governance Neutral

2026-05-18 20:07

Union Bank of India announced the appointment of Smt. Sowmya Sridhar (General Manager) as the new Chief Risk Officer (CRO) effective May 22, 2026, for a tenure up to August 31, 2029. She replaces Shri Ashwini Kumar Ramakrishna Chowdhary, who completes his contractual tenure on May 21, 2026. Smt. Sridhar has over 30 years of experience in the banking sector, including 19 years in risk management, and is a certified FRM.

Governance Neutral

2026-05-14 17:48

Union Bank of India announced the appointment of Dr. Debasish Prusty as the Government Nominee Director, effective May 13, 2026. Dr. Prusty, Additional Secretary in the Ministry of Finance, replaces Shri Rohan Chand Thakur. He has over 26 years of experience in public finance and sustainable development, and contributed to the International Solar Alliance. He holds a PhD and a Master's in Environmental Sciences.

Business Update Positive

2026-05-12 21:21

Union Bank of India announced an additional investment of ₹22.64 Crores in ASREC (I) Ltd., a joint venture company, on May 12, 2026. This investment increased the Bank's shareholding in ASREC (I) Ltd. from 26.02% to 27.30%.

Business Update Neutral

2026-05-07 19:45

Union Bank announced a scheduled one-to-one, in-person meeting with Aditya Birla Sun Life AMC Limited on May 12, 2026, at its central office in Mumbai. The bank will refer to publicly available documents, and no Unpublished Price Sensitive Information is proposed to be shared during the meeting.

Routine Positive

2026-04-30 17:56

Union Bank of India filed its annual disclosure for Non-Convertible Securities as on March 31, 2026, detailing listing information, record dates, and credit ratings. The bank confirmed timely payment of all interest and redemption amounts for AT1 and Tier 2 bonds during FY 2025-26. Most credit ratings were reaffirmed with a stable outlook, and no defaults were reported on any other debt securities.

Routine Neutral

2026-04-30 17:37

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Business Update Positive

2026-04-30 00:03

Union Bank of India issued a clarification regarding a media report on deposit variations, stating the report is based on unverified information and contains inaccuracies. The bank affirmed its financial statements undergo rigorous audits and auditors have issued unmodified reports. It highlighted consistent growth in its deposit base, with average total deposits and CASA for April 2026 being above Q4 FY2025-26 averages, and confirmed no material impact on its financial position or operations.

Business Update Positive

2026-04-29 19:49

Union Bank of India conducted its earnings conference call for the period ended March 31, 2026. The bank reported robust business growth, with gross advances increasing by 9.74% YoY and total business reaching INR 23.85 lakh crores. The RAM segment grew 12.56% YoY. Asset quality improved significantly, with Gross NPA at 2.82% (down 78 bps YoY) and Net NPA at 0.48% (down 15 bps YoY). Capital ratios are strong (CRAR 18.10%), and a dividend of INR 5 per share was recommended. Management highlighted continued focus on CASA, retail term deposits, efficiency, and maintaining comfortable liquidity and regulatory guidelines.

Financials Neutral

2026-04-23 18:36

Union Bank of India announced the audio recording of its Post Earnings Call for Audited Financial Results (Q4/FY ended March 31, 2026) is available. The call was held on April 23, 2026, and the recording is accessible via a provided link.

Financials Positive

2026-04-23 13:31

Consolidated Interest Income for the year ended March 31, 2026 was ₹1,05,992 Cr vs ₹1,05,909 Cr (▲0.08% YoY), Operating Profit ₹28,620 Cr vs ₹31,090 Cr (▼7.95% YoY), PAT ₹18,697 Cr vs ₹17,987 Cr (▲3.95% YoY). Operating Profit Margin 27.00% vs 29.36% (▼236 bps).

Financials Positive

2026-04-23 13:21

For Q4 FY2026, Union Bank of India reported Operating Profit of ₹7,955Cr vs ₹7,700Cr (▲3.31% YoY) and Net Profit of ₹5,316Cr vs ₹4,985Cr (▲6.64% YoY). Net Interest Income was ₹9,406Cr vs ₹9,514Cr (▼1.13% YoY), and NIM contracted by 23bps to 2.64%. Asset quality improved significantly with GNPA at 2.82% (▼78bps YoY) and NNPA at 0.48% (▼15bps YoY).

Financials Positive

2026-04-23 13:06

Consolidated Total Income ₹32,674.53Cr vs ₹33,590.84Cr (▼2.73% YoY), Operating Profit (before provisions) ₹7,975.85Cr vs ₹7,734.98Cr (▲3.11% YoY), PAT ₹5,503.61Cr vs ₹5,011.22Cr (▲9.83% YoY). Operating Profit Margin 24.41% vs 23.03% (▲138bps). The Board also recommended a dividend of ₹5 per equity share for FY2025-26.

Financials Positive

2026-04-23 12:35

Consolidated Total Income ₹32,675Cr vs ₹33,591Cr (▼2.7% YoY), Operating Profit ₹7,976Cr vs ₹7,735Cr (▲3.1% YoY), PAT ₹5,504Cr vs ₹5,011Cr (▲9.8% YoY). Operating Margin 24.4% vs 23.0% (▲140bps). Board recommended ₹5 dividend per equity share for FY2025-26.

Financials Positive

2026-04-23 12:34

Consolidated Total Income ₹32,674.53Cr vs ₹33,590.84Cr (▼2.73% YoY), Operating Profit ₹7,975.85Cr vs ₹7,734.98Cr (▲3.11% YoY), PAT ₹5,503.61Cr vs ₹5,011.22Cr (▲9.83% YoY). Operating Margin 24.41% vs 23.03% (▲138bps). Board recommended a dividend of ₹5 per equity share for FY25-26.

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Union Bank of India

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