Union Bank Q4 Update: Deposits Reach ₹13.06 Lakh Crore, Advances Grow 9.76% And CASA Rises 7.9% Annually
Union Bank of India reported steady Q4 growth with deposits at Rs 13.06 lakh crore and advances rising nearly 10 percent year-on-year. CASA also improved 7.9 percent. While total business expanded across segments, the stock showed mixed trends, declining in the past month but gaining over 12 percent this year.
Union Bank of India reported steady Q4 growth with deposits at Rs 13.06 lakh crore. |
Mumbai: Union Bank of India released its provisional business update for the fourth quarter, showing steady growth across key segments. The bank’s total global business rose 5.79 percent year-on-year to Rs 23.85 lakh crore. On a sequential basis, it increased by 6.52 percent.
This indicates stable expansion despite changing market conditions.
Deposits Show Moderate Increase
The bank’s global deposits stood at Rs 13.06 lakh crore. This marks a 2.72 percent increase compared to last year and a stronger 6.87 percent rise from the previous quarter.
On the domestic side, deposits also grew at a similar pace, rising 2.72 percent year-on-year and 6.88 percent sequentially to Rs 13.06 lakh crore.
This shows consistent deposit mobilisation by the bank.
Advances Record Strong Growth
Union Bank’s global advances reached Rs 10.78 lakh crore. This is a strong 9.76 percent increase from the same period last year and a 6.09 percent rise compared to the previous quarter.
Domestic advances also performed well, growing 10.06 percent year-on-year to Rs 10.41 lakh crore. On a quarterly basis, they increased by 6.16 percent.
This reflects strong lending activity across segments.
Domestic Business Performance
The bank’s domestic total business rose 10.39 percent year-on-year to Rs 28.45 lakh crore. It also saw a 2.93 percent increase compared to the previous quarter.
This growth highlights improving demand in the domestic market.
CASA Improves Significantly
Union Bank reported a healthy rise in its CASA (Current Account Savings Account) deposits. CASA grew 7.9 percent year-on-year and 10.82 percent sequentially to Rs 4.6 lakh crore.
Higher CASA is positive for the bank as it helps reduce funding costs.
Stock Performance
Shares of Union Bank of India closed 0.6 percent higher at Rs 172.68 in the previous session. However, the stock has fallen 9.7 percent over the past month.
Despite the short-term decline, it has gained 12.4 percent so far this year, showing overall positive momentum.
Published on: Friday, April 03, 2026, 06:22 PM ISTRECENT STORIES
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