Union Bank of India one of the leading public banks in India has seen a 3% increase in its stock price. This rise in stock price has been attributed to the positive performance of the bank in the market. Union bank of India’s stock is currently rated as “Hold’. This rating is based on the bank’s performance in the market and its potentials for growth.

Union Bank of India expects credit growth of 10-11% for FY25

Union Bank of India announces the inaugural edition of “Human Potential Conclave – IGNITE 2025”, a prestigious gathering of HR and Training Heads from Banks across India. This two-day conclave will take place at the Union Bank Learning Academy & Knowledge Centre in Bengaluru on 17th and 18th January 2025. Union Bank of India takes pride in being a pioneer in the industry, as it hosts the first-ever HR conclave of its kind. The conclave aims to bring together eminent leaders from the Banking and Financial sectors to discuss emerging trends, challenges, and opportunities in human resources. The event will feature keynote addresses, panel discussions, and networking sessions, providing a unique platform for knowledge sharing and collaboration. The HR conclave will be attended by representatives from Public Sector Banks (PSBs), Private Banks and Training institutions further emphasizing the Bank’s dedication to fostering growth, development, and collaboration in the Banking sector.

Union Bank of India to Host “The Human Potential Conclave – IGNITE 2025”

Union Bank of India has announced a complete waiver of charges for not maintaining the minimum balance in general savings deposit accounts, effective from the quarter-ending September, the bank said in a press note.
 “This move is aimed at ensuring uniformity, fairness, and enhancing accessibility of basic banking services to customers. We are committed to supporting inclusive growth and believe this step will further strengthen our engagement with the underserved segment of the population,” the bank said. However, the waiver is not applicable to other customized products of savings accounts. Earlier, the charges for non-maintenance of minimum balance in accounts opened under the Pradhan Mantri Jan Dhan Yojana, and savings accounts of pensioners and senior citizens were already removed. Previously, several other banks, such as State Bank of India (SBI), Indian Bank, Canara Bank, Punjab National Bank, and Bank of Baroda, had waived charges for not maintaining minimum balance in savings accounts.

Union Bank of India waives charges for non-maintenance of minimum balance

UBI’s CASA ratio fell to 32.5% in 1HFY26, trailing peers as market share declined. Despite a strategy to shed high-cost deposits, funding costs fell slower than yields following repo rate cuts, compressing NIMs to 2.71% (down 26bp). With deposit growth at 1.9% vs. advances at 5.0%, UBI’s costs remain slightly higher than competitors.




The issuer has made timely interest payments.

 Ms. A. Manimekhalai, MD & CEO

As the fifth-largest public sector bank, UBI maintains a significant market presence with a 5.3% deposit and 5.0% advance share as of 1HFYE26. Supported by a massive franchise of 8,655 branches and 9,064+ ATMs, the bank enjoys continued government backing and strong capital-raising ability, recently securing INR 80 billion in equity in FY24.




UBI’s capital buffers are robust, with a 14.37% CET-I and 15.58% Tier-I ratio (1HFYE26), supported by an INR 80B equity raise and NNPA falling to 0.55%. With a projected RoA of 1%+, internal accruals should keep capital well above regulatory minimums. However, the bank must continue building buffers to prepare for upcoming ECL norms.




Union Bank holds a ~4% market share in domestic deposits and advances. Its Rs 9.75 lakh crore loan book is diversified across Corporates (43%), Retail (25.3%), Agriculture (17.9%), and MSME (15.6%), with housing loans comprising 42% of retail credit. Leveraging 8,655 branches, the bank maintains a stable 32.6% CASA ratio. Though slightly below larger peers, its extensive reach ensures a low-cost resource base and sustained pan-India presence.


UBI’s asset quality improved by 2QFY26, with GNPA at 3.29% and NNPA at 0.55%. Provision coverage reached 83.8%, including 100% for NCLT cases. Despite low SMA-2 levels (0.27%), the INR 80.5 billion restructured pool and Mudra loans remain slippage risks, necessitating further ECL provisioning.


UBI’s profit reached INR 179.9B in FY25 (INR 83.65B in 1HFY26), aided by credit costs dropping to 0.54%. While margins fell 23bp and tech/staff costs pushed the cost-to-income ratio to 49.9%, profitability remains stable. Ind-Ra projects a 1% RoA and credit costs under 1% for the near term.




Security Name: 8.64% Union Bank Of India (P) Call : 11 Jan 2026

ISIN: INE692A08128

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