# Union Bank of India (UNIONBANK) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/unionbank

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹187
- Change: -0.53%
- As of: 2026-11-06
- 1D return: -0.53%
- 5D return: +0.54%
- 1M return: +9.03%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

UNIONBANK closed at ₹187.0 on 2026-11-06, holding near the upper end of its recent trading ranges (+91.1% in the 20-day range). The daily technical structure remains bullish, with price trading above all key moving averages (EMA/SMA 20/50/200) and the Supertrend indicator. However, trend strength is developing rather than established, indicated by a Daily ADX of 21.28 and a +DI/−DI ratio of 26.48/16.56. This contrasts with a strong monthly trend (ADX 67.46) but a weak weekly trend (ADX 17.19) where the price sits below the Supertrend. Participation was moderate on the latest session, marked by a high-participation downward anomaly (-0.5% return) despite positive attention events over the last month. Immediate resistance lies at ₹187.05 (pivot), while support is found at ₹185.2 (low). The stock is currently 7.5% below its available high, suggesting consolidation after recent gains.

- Daily Trend: Bullish structure maintained as price stays above EMA/SMA 20/50/200 and Supertrend; however, ADX (21.28) indicates developing, not strong, conviction.
- Timeframe Conflict: Monthly trend is strong (ADX 67.46), but weekly trend is weak (ADX 17.19) with price below the Supertrend, signaling mixed intermediate-term momentum.
- Key Levels: Resistance at ₹187.05 (pivot) and ₹189.85 (high); Support at ₹185.2 (low) and ₹182.4 (low).
- Risk & Volatility: Annualized volatility is +34.7% with an ATR of 2.5%; current drawdown is -7.5% from the available high.

- Morning Star
- Hammer
- Bullish Engulfing Reversal
- Harami
- Doji

### What Changed

As of 6 November 2026, Union Bank of India’s share price on the NSE stood at ₹187.00, reflecting a marginal decline from the previous close of ₹188.00. While specific technical trends for the stock were not reported, broader sector dynamics highlight divergent performance among lenders. Systematix Institutional Equities noted that public sector banks experienced an average net interest margin (NIM) expansion of 3 basis points in Q2 FY27, contrasting with a 15 basis point contraction seen in large private lenders. This positive margin trend for public sector entities, supported by healthy credit growth and stable asset quality, underpins the brokerage's cautiously optimistic outlook. Key monitorables include retail deposit mobilization and the transition to expected credit loss frameworks.

- Union Bank of India closed at ₹187.00 on 6 November 2026, down from ₹188.00 previously.
- Public sector banks saw an average NIM expansion of 3 basis points in Q2 FY27, outperforming large private lenders which contracted by 15 basis points.
- Systematix Institutional Equities cites healthy credit growth and stable asset quality as supportive factors for the banking sector.

- [HDFC Bank, SBI, ICICI Bank, Kotak Bank, Axis Bank, BoB: Check fresh price targets for banking stocks](https://www.businesstoday.in/markets/trending-stocks/story/hdfc-bank-sbi-icici-bank-kotak-bank-axis-bank-bob-check-fresh-price-targets-for-banking-stocks-566195-2026-11-06)

### Official Filings

Union Bank of India reported strong financial performance for the half-year ended September 30, 2026, with consolidated net profit rising to ₹1,142.52 crore and standalone net profit reaching ₹5,537 crore, a 29.95% year-on-year increase. Asset quality improved significantly, with gross NPAs falling by 87 basis points to 2.42%, while capital adequacy remained robust at a CET-1 ratio of 16.05%. The bank actively managed its capital structure by issuing USD 600 million in unsecured dual-tranche notes through its DIFC Branch and exercising call options to redeem ₹1,850 crore of Basel III-compliant bonds during the period. Governance updates include the appointment of Dr. Shiv Dayal as a Non-Executive Independent Director effective November 3, 2026. Additionally, specific Tier I and Tier II bond redemptions are scheduled for November and December 2026, affecting debt holders directly.

- Q2 FY27 Standalone Net Profit: ₹5,537 crore (up 29.95% YoY); Consolidated Half-Year Net Profit: ₹1,142.52 crore.
- Asset Quality & Capital: Gross NPA reduced to 2.42% (down 87 bps YoY); CET-1 ratio stands at 16.05% and CRAR at 17.94%.
- Capital Management: Issued USD 600 million in dual-tranche notes (due 2029/2031) and redeemed ₹1,850 crore of Basel III-compliant bonds in H1 FY27.
- Bond Redemption Schedule: Tier I bonds (₹2,000 Cr and ₹1,500 Cr) redeem on Nov 22 and Dec 20, 2026; Tier II bond (₹750 Cr) redeems on Nov 24, 2026.

- [Union Bank of India has informed the Exchange regarding Appointment of Mr Shiv Dayal as Non- Executive Independent Director of the company w.e.f. November 03, 2026. |SUBJECT: Appointment](https://nsearchives.nseindia.com/corporate/UNIONBANK_04112026133604_Nomination_of_Director_Dr_Shiv_Dayal.pdf)
- [Prior Intimation for Interest/Principal payment |SUBJECT: Prior Intimation for Interest/Principal payment](https://nsearchives.nseindia.com/content/debt/WDM/UNIONBANK_30102026171830_Redemption_Call_Option_INE692A8169_8177.pdf)
- [Prior Intimation for Interest/Principal payment |SUBJECT: Prior Intimation for Interest/Principal payment](https://nsearchives.nseindia.com/content/debt/WDM/UNIONBANK_30102026184027_Redemption_INE692A08045.pdf)
- [Union Bank of India has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/UNIONBANK_29102026122443_Newspaper_Publication_29102026.pdf)
- [Union Bank of India has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/UNIONBANK_19102026120305_Results_Sept2026.pdf)
- [Union Bank of India has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/UNIONBANK_19102026121340_Results_Sept2026.pdf)
- [Union Bank of India has informed the Exchange regarding a press release dated October 19, 2026, titled "Press Release on the Financial Results of the Bank for the Quarter ended on September 30, 2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/UNIONBANK_19102026122544_Press_Release_Sept2026.pdf)
- [Union Bank of India has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/UNIONBANK_19102026122926_Presentation_Sept2026.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 74.76 | PUBLIC_VAL: 25.24 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 19-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1741370_19102026024233_WEB.xml)
- [Union Bank of India has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/UNIONBANK_19102026174905_Audiorecording_Analyst_Meet_19102026_NSE_BSE.pdf)

### Fundamentals

Union Bank of India demonstrates a robust recovery in profitability and balance-sheet expansion through Q2 FY2026-27. Net profit rose to ₹5,781 crore, up from ₹5,642 crore in Q1, driven by an 8% year-on-year revenue growth to ₹28,378 crore. The bank’s financing margin improved significantly to 8.0% in the quarter, reversing the -0.0% reading seen in Sep 2025. Advances grew strongly to ₹11,36,280 crore as of Sep 2026, supported by deposits rising to ₹13,22,310 crore. While other income declined sequentially to ₹5,094 crore, core lending activity remains the primary growth engine. Long-term fundamentals remain solid, with a 5-year compounded profit growth of 47% and ROE holding steady at 16%. Cash flows from operations have been negative for two consecutive years ending Mar 2026 (-₹358 crore), indicating that current earnings are not yet translating into free cash generation.

- Q2 FY2026-27 net profit increased to ₹5,781 crore (EPS: ₹7.57), with financing margin expanding to 8.0% from -0.0% in the prior year quarter.
- Advances grew to ₹11,36,280 crore and deposits to ₹13,22,310 crore as of Sep 2026, reflecting continued asset-side expansion.
- TTM revenue stands at ₹109,300 crore with TTM net profit at ₹21,999 crore; however, operating cash flow has remained negative since Mar 2025.
- Promoter holding is stable at 74.76%, while FII ownership increased to 9.4% in Sep 2026.

### Bull Case

Union Bank of India presents a conditional upside case anchored by sector-specific margin resilience and technical momentum. While large private lenders faced net interest margin contractions in Q2 FY27, public sector banks expanded margins by an average of 3 basis points, highlighting a structural advantage for the bank within its peer group. This fundamental strength is corroborated by brokerages SMC Global Securities and Systematix Institutional Equities, which issued buy recommendations citing sound fundamentals and strong technical parameters. Technically, the stock has delivered a +24.5% return over the past year and remains above its 20-day exponential moving average, with daily indicators showing a bullish super-trend direction. The primary condition to monitor is the weekly trend, which currently signals bearishness despite daily strength; sustained price action above the ₹185.20 support level will be necessary to confirm that short-term volatility does not negate the longer-term upward trajectory.

- Sector Margin Expansion: Public sector banks saw net interest margins expand by 3 basis points in Q2 FY27, contrasting with a 15 basis point contraction in large private lenders, supporting Union Bank's relative profitability.
- Brokerage Validation: SMC Global Securities and Systematix Institutional Equities have issued buy recommendations, citing strong technical parameters and sound fundamentals for short-term gains.
- Technical Momentum: The stock holds a +24.5% one-year return and trades above its 20-day EMA, with daily super-trend indicators signaling bullish momentum as of November 6, 2026.
- Key Support Level: The ₹185.20 level serves as immediate downside protection; maintaining price above this threshold is critical to offsetting the current bearish signal on the weekly timeframe.

- [HDFC Bank, SBI, ICICI Bank, Kotak Bank, Axis Bank, BoB: Check fresh price targets for banking stocks](https://www.businesstoday.in/markets/trending-stocks/story/hdfc-bank-sbi-icici-bank-kotak-bank-axis-bank-bob-check-fresh-price-targets-for-banking-stocks-566195-2026-11-06)
- [Lenders accept Supreme Housing's Rs 522-crore settlement offer](https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-accept-supreme-housings-rs-522-crore-settlement-offer/articleshow/135512532.cms)
- [Cochin Shipyard, Wipro, Union Bank of India: Top stocks to buy; check targets & more](https://www.businesstoday.in/markets/stocks/story/cochin-shipyard-wipro-union-bank-of-india-top-stocks-to-buy-check-targets-more-565041-2026-11-02)
- [Supreme Infrastructure moves closer to settling ₹2,200 crore debt after NCLT extends payment deadline | Company Business News](https://www.livemint.com/companies/news/supreme-infrastructure-moves-closer-to-settling-2-200-crore-debt-after-nclt-extends-payment-deadline-11793453311891.html)
- [Union Bank of India has informed the Exchange regarding Appointment of Mr Shiv Dayal as Non- Executive Independent Director of the company w.e.f. November 03, 2026. |SUBJECT: Appointment](https://nsearchives.nseindia.com/corporate/UNIONBANK_04112026133604_Nomination_of_Director_Dr_Shiv_Dayal.pdf)
- [Prior Intimation for Interest/Principal payment |SUBJECT: Prior Intimation for Interest/Principal payment](https://nsearchives.nseindia.com/content/debt/WDM/UNIONBANK_30102026171830_Redemption_Call_Option_INE692A8169_8177.pdf)
- [Prior Intimation for Interest/Principal payment |SUBJECT: Prior Intimation for Interest/Principal payment](https://nsearchives.nseindia.com/content/debt/WDM/UNIONBANK_30102026184027_Redemption_INE692A08045.pdf)
- [Union Bank of India has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/UNIONBANK_29102026122443_Newspaper_Publication_29102026.pdf)
- [Union Bank of India has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/UNIONBANK_19102026120305_Results_Sept2026.pdf)
- [Union Bank of India has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/UNIONBANK_19102026121340_Results_Sept2026.pdf)

### FAQs

**What recent corporate governance changes has Union Bank of India announced?**

On November 3, 2026, the Central Government nominated Dr. Shiv Dayal as a Part-time Non-Official Director on the Board. His appointment is effective from November 3, 2026, for a term of three years through November 2, 2029.

**Which bonds are being redeemed by Union Bank in November and December 2026?**

The bank is redeeming two Basel III compliant Tier-1 bond series: INE692A08169 (₹2,000 Crores) with payment on November 21, 2026, and INE692A08177 (₹1,500 Crores) with payment on December 19, 2026. Additionally, Tier II Series XXII bonds (₹750 crore) are due for redemption on November 24, 2026.

**How has Union Bank's stock price performed over the past year and since the start of the current period?**

As of November 6, 2026, the stock closed at ₹187.00. It has delivered a one-year return of +24.5% and a year-to-date return of +21.8%. Since the start of the tracked period, the cumulative return stands at +52.0%, though it currently faces a drawdown of -7.5%.

**What technical indicators suggest about the current trend for Union Bank shares?**

Daily and monthly trends show bullish signals, with the Supertrend direction marked as bullish on both timeframes. The daily Plus DI (26.48) exceeds the Minus DI (16.56), indicating upward momentum. However, the weekly Supertrend remains bearish, suggesting mixed short-term sentiment.

- [HDFC Bank, SBI, ICICI Bank, Kotak Bank, Axis Bank, BoB: Check fresh price targets for banking stocks](https://www.businesstoday.in/markets/trending-stocks/story/hdfc-bank-sbi-icici-bank-kotak-bank-axis-bank-bob-check-fresh-price-targets-for-banking-stocks-566195-2026-11-06)
- [Lenders accept Supreme Housing's Rs 522-crore settlement offer](https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-accept-supreme-housings-rs-522-crore-settlement-offer/articleshow/135512532.cms)
- [Cochin Shipyard, Wipro, Union Bank of India: Top stocks to buy; check targets & more](https://www.businesstoday.in/markets/stocks/story/cochin-shipyard-wipro-union-bank-of-india-top-stocks-to-buy-check-targets-more-565041-2026-11-02)
- [Supreme Infrastructure moves closer to settling ₹2,200 crore debt after NCLT extends payment deadline | Company Business News](https://www.livemint.com/companies/news/supreme-infrastructure-moves-closer-to-settling-2-200-crore-debt-after-nclt-extends-payment-deadline-11793453311891.html)
- [Union Bank of India has informed the Exchange regarding Appointment of Mr Shiv Dayal as Non- Executive Independent Director of the company w.e.f. November 03, 2026. |SUBJECT: Appointment](https://nsearchives.nseindia.com/corporate/UNIONBANK_04112026133604_Nomination_of_Director_Dr_Shiv_Dayal.pdf)
- [Prior Intimation for Interest/Principal payment |SUBJECT: Prior Intimation for Interest/Principal payment](https://nsearchives.nseindia.com/content/debt/WDM/UNIONBANK_30102026171830_Redemption_Call_Option_INE692A8169_8177.pdf)
- [Prior Intimation for Interest/Principal payment |SUBJECT: Prior Intimation for Interest/Principal payment](https://nsearchives.nseindia.com/content/debt/WDM/UNIONBANK_30102026184027_Redemption_INE692A08045.pdf)
- [Union Bank of India has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/UNIONBANK_29102026122443_Newspaper_Publication_29102026.pdf)
- [Union Bank of India has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/UNIONBANK_19102026120305_Results_Sept2026.pdf)
- [Union Bank of India has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/UNIONBANK_19102026121340_Results_Sept2026.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Strong Uptrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹187.05
- Risk regime: Price Risk Currently Contained

### Support levels
- 178.81
- 177.773125
- 174.82

### Resistance levels
- 191.10250000000002
- 197.13
- 205.49

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.53% |
| return_10 | +4.53% |
| return_1m | +11.02% |
| return_1y | +24.54% |
| return_20 | +9.03% |
| return_3m | +2.47% |
| return_5 | +0.54% |
| return_6m | +10.81% |
| return_since_start | +51.96% |
| return_ytd | +21.76% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -23.67% |
| annualized_volatility | +34.74% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Union Bank of India Q2 FY2026-27: Profit rises 3.8% QoQ

Union Bank of India reported profit of ₹5,570 crore for Q2 FY2026-27, up 3.8% quarter on quarter and 30.1% year on year. Higher interest income relative to interest expense and lower provisions supported earnings, while rising operating costs and tax expense moderated the increase.

## Interest income outpaced interest expense

Total income rose 2.5% QoQ to ₹33,471 crore. Interest earned increased 3.5% to ₹28,378 crore, while interest expended rose 2.4% to ₹17,612 crore. The difference between the two widened by about ₹544 crore from Q1 FY2026-27.

Other income fell 2.7% QoQ to ₹5,094 crore. Revenue on investments was ₹5,738 crore, down 0.5% from Q1.

## Operating profit edged higher as costs rose

Operating expenses increased 4.0% QoQ to ₹7,708 crore. Employee costs rose 3.5% to ₹4,064 crore and other operating expenses increased 4.4% to ₹3,644 crore. Operating profit before provisions and contingencies nevertheless rose 1.4% to ₹8,151 crore, up from ₹6,960 crore in Q3 FY2025-26.

## Lower provisions supported pre-tax profit

Provisions other than tax and contingencies declined 27.9% QoQ to ₹702 crore. Profit before tax increased 5.4% to ₹7,449 crore. Tax expense rose 10.6% to ₹1,878 crore, limiting the increase in profit for the period to 3.8% QoQ, at ₹5,570 crore.

Share of profit of associates fell 23.0% QoQ to ₹211 crore. Profit after tax, minority interest and share of associate profit was ₹5,781 crore, up 2.5% from Q1. Basic and diluted EPS were ₹7.57, compared with ₹7.39 in Q1 and ₹5.80 in Q2 FY2025-26.

## Balance sheet and capital position

At 30 September 2026, advances stood at ₹11,36,280 crore, compared with ₹10,57,188 crore at 31 March 2026 and ₹9,51,796 crore at 30 September 2025. Deposits were ₹13,22,310 crore and total assets were ₹16,24,866 crore. Borrowings were ₹1,01,957 crore, up from ₹77,798 crore at 31 March 2026.

Investments were ₹3,48,774 crore, compared with ₹3,57,747 crore at 30 September 2025. Cash and balances with the Reserve Bank of India were ₹45,062 crore, down from ₹60,782 crore a year earlier.

The CET1 ratio was 16.72% at quarter end, down from 17.08% at 30 June 2026 but above 15.01% at 30 September 2025. The additional Tier 1 ratio declined to 0.77% from 0.93% QoQ. Book value per share was ₹188.88; the price-to-book ratio was 0.96. Trailing twelve-month EPS was ₹28.82.

## Key Takeaway

Quarterly profit growth was supported by a wider difference between interest earned and interest expended and lower provisions, despite higher operating costs and tax. Advances and total assets expanded, while CET1 and additional Tier 1 ratios eased QoQ, leaving capital trends as an important counterpoint to the earnings improvement.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +74.76%
- FII holding: +8.63%
- DII holding: +11.97%
- Mutual fund holding: +4.73%
- Retail holding: +3.37%
- Promoter pledged: +0.00%

### Major reported shareholders

- PRESIDENT OF INDIA — +74.76%
- LICI ULIP-GROWTH FUND — +4.92%
- HDFC MUTUAL FUND-HDFC ARBITRAGE FUND — +1.34%
- NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA ETF — +1.06%

## Official filings

- 2026-11-04 — Management Change: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/corporate/UNIONBANK_04112026133604_Nomination_of_Director_Dr_Shiv_Dayal.pdf)
- 2026-10-30 — Generic Announcement: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/UNIONBANK_30102026171830_Redemption_Call_Option_INE692A8169_8177.pdf)
- 2026-10-30 — Generic Announcement: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/UNIONBANK_30102026184027_Redemption_INE692A08045.pdf)
- 2026-10-29 — Generic Announcement: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/corporate/UNIONBANK_29102026122443_Newspaper_Publication_29102026.pdf)
- 2026-10-19 — Generic Announcement: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/corporate/UNIONBANK_19102026120305_Results_Sept2026.pdf)
- 2026-10-19 — Generic Announcement: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/corporate/UNIONBANK_19102026121340_Results_Sept2026.pdf)
- 2026-10-19 — Press Release: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/corporate/UNIONBANK_19102026122544_Press_Release_Sept2026.pdf)
- 2026-10-19 — Earnings Presentation: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/corporate/UNIONBANK_19102026122926_Presentation_Sept2026.pdf)
- 2026-10-19 — Shareholding Disclosure: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1741370_19102026024233_WEB.xml)
- 2026-10-19 — Generic Announcement: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/corporate/UNIONBANK_19102026174905_Audiorecording_Analyst_Meet_19102026_NSE_BSE.pdf)
- 2026-10-19 — Generic Announcement: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2025_WebXMLFile_20261019_175620541.xml)
- 2026-10-19 — Financial Results Filing: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_BANKING_1742055_19102026081041_WEB.xml)
- 2026-10-19 — Financial Results Filing: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_BANKING_1742058_19102026081218_WEB.xml)
- 2026-10-14 — Generic Announcement: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/corporate/UNIONBANK_14102026180358_Schedule_Analyst_Meet_Earning_Call_191026_NSE_BSE.pdf)
- 2026-10-14 — Generic Announcement: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2025_WebXMLFile_20261014_181215890.xml)
- 2026-10-13 — Board Meeting Notice: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/corporate/UNIONBANK_13102026164356_Intimation_of_BM_for_Working_Results_30092026.pdf)
- 2026-10-13 — Board Meeting Notice: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2025_WebXMLFile_20261013_164945439.xml)
- 2026-10-13 — Generic Announcement: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2025_WebXMLFile_20261013_164945439.xml)
- 2026-10-08 — Credit Rating Update: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/corporate/UNIONBANK_08102026122830_CreditRating_Care_08102026.pdf)
- 2026-10-08 — Credit Rating Update: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/UNIONBANK_08102026124514_CreditRating_Care_08102026.pdf)
- 2026-10-07 — Credit Rating Update: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/corporate/UNIONBANK_07102026121424_Credit_Rating_S_and_P.pdf)
- 2026-10-07 — Generic Announcement: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/UNIONBANK_07102026160132_07102026_Details_of_Debts_ISIN.pdf)
- 2026-10-06 — Generic Announcement: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/corporate/UNIONBANK_06102026152315_Regulation_74_5_.pdf)
- 2026-10-01 — Generic Announcement: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/corporate/UNIONBANK_01102026223208_ProvFinancialResults30092026.pdf)
- 2026-09-29 — Financial Results Filing: Union Bank of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_BANKING_1730436_29092026050823_WEB.xml)

## News and market events

- 2026-11-06 — BUSINESSTODAY: **HDFC Bank, SBI, ICICI Bank, Kotak Bank, Axis Bank, BoB: Check fresh price targets for banking stocks** — Systematix Institutional Equities reports divergent net interest margin trends for Indian banks in Q2 FY27, with large private lenders seeing an average contraction of 15 basis points while public sector banks expanded by 3 basis points. The brokerage maintains a cautiously optimistic outlook on the sector, citing healthy credit growth and stable asset quality, though it highlights retail deposit mobilization and the transition to expected credit loss frameworks as key monitorables. Consequently, Systematix has issued fresh price targets for major lenders including ICICI Bank, SBI, and HDFC Ba — [Source](https://www.businesstoday.in/markets/trending-stocks/story/hdfc-bank-sbi-icici-bank-kotak-bank-axis-bank-bob-check-fresh-price-targets-for-banking-stocks-566195-2026-11-06)
- 2026-11-03 — Economic Times: **Lenders accept Supreme Housing's Rs 522-crore settlement offer** — Lenders led by Canara Bank have approved a ₹522-crore one-time settlement offer from Supreme Housing and Hospitality, resolving debts of close to ₹700 crore with a recovery rate just short of 75%. The agreement covers both fund-based exposure for Canara Bank and non-fund exposure arising from corporate guarantees given to subsidiary entities. This resolution marks a major milestone in the company's financial restructuring and will now be submitted to the NCLT for final approval. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-accept-supreme-housings-rs-522-crore-settlement-offer/articleshow/135512532.cms)
- 2026-11-02 — BUSINESSTODAY: **Cochin Shipyard, Wipro, Union Bank of India: Top stocks to buy; check targets & more** — Brokerage firms SMC Global Securities and Systematix Institutional Equities have issued buy recommendations for Wipro Ltd, Cochin Shipyard Ltd, and Union Bank of India, citing strong technical parameters and sound fundamentals for short-term gains. — [Source](https://www.businesstoday.in/markets/stocks/story/cochin-shipyard-wipro-union-bank-of-india-top-stocks-to-buy-check-targets-more-565041-2026-11-02)
- 2026-10-31 — Mint: **Supreme Infrastructure moves closer to settling ₹2,200 crore debt after NCLT extends payment deadline | Company Business News** — The NCLT Mumbai Bench extended the deadline for Supreme Infrastructure India Limited to settle outstanding obligations with three remaining lenders to October 31, 2026, under a court-approved Scheme of Compromise and Arrangement. This development follows an agreement where SIIL had already paid ₹687.73 crore to other creditors and secured 93.62% support for its restructuring plan. — [Source](https://www.livemint.com/companies/news/supreme-infrastructure-moves-closer-to-settling-2-200-crore-debt-after-nclt-extends-payment-deadline-11793453311891.html)
- 2026-10-26 — Mint: **Mind-boggling Monday at Indian stock markets: Sensex, Nifty mirror life’s ups and downs — October 26 trade details** — The Nifty 50 opened lower at 22,524, and the sell-off accelerated at the opening bell, dragging the index towards 22,387 before it staged a sharp recovery. Supported by gains in financial stocks, the index closed 0.68% higher at 22,735. The Sensex also ended the session 0.66% higher at 73,606. — [Source](https://www.livemint.com/market/stock-market-news/mindboggling-monday-at-indian-stock-markets-sensex-nifty-mirror-life-s-ups-and-downs-october-26-trade-details-11793005870431.html)
- 2026-10-24 — The Hindu: **Movers & Shakers: Stocks that will see action this week** — Here is what the charts say about the shares of Eternal, PVR Inox and Union Bank of India — [Source](https://www.thehindubusinessline.com/portfolio/technical-analysis/movers-amp-shakers-stocks-that-will-see-action-this-week/article71617514.ece)
- 2026-10-24 — The Hindu: **ED searches seven premises in Hyderabad over alleged ₹326-crore bank fraud** — ED probes ₹326-cr bank fraud; conducts seven-premise searches in Hyderabad linked to KVPL money-laundering and conduit entities. — [Source](https://www.thehindu.com/news/cities/Hyderabad/ed-searches-seven-premises-in-hyderabad-over-alleged-326-crore-bank-fraud/article71619332.ece)
- 2026-10-21 — CNBC-TV18: **Earnings Central: Growth meets margin pressure as Eternal, SRF, Indian Hotels report Q2 numbers** — Eternal’s food delivery growth gathers pace, Indian Hotels raises its FY27 outlook, and SRF and Vishal Mega Mart face market pressure. Here are the key takeaways from Wednesday’s earnings action. — [Source](https://www.cnbctv18.com/market/earnings-central-growth-meets-margin-pressure-as-eternal-srf-indian-hotels-report-q2-numbers-20016358.htm)
- 2026-10-21 — MONEYCONTROL: **Buy Union Bank of India; target of Rs 230: ICICI Securities** — Union Bank of India, ICICI Securities, Recommendations, Buy — [Source](https://www.moneycontrol.com/news/business/buy-union-bank-of-india-target-of-rs-230-icici-securities-14056686.html)
- 2026-10-21 — MONEYCONTROL: **Neutral Union Bank of India; target of Rs 200: Motilal Oswal** — Motilal Oswal, Neutral, Union Bank of India, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/neutral-union-bank-of-india-target-of-rs-200-motilal-oswal-14056650.html)
- 2026-10-21 — CNBC-TV18: **Union Bank of India expects margin gains, says asset quality remains under control** — Union Bank MD & CEO Asheesh Pandey expects the bank's net interest margin to improve by 5-7 basis points for every 25-basis-point repo rate hike. He said asset quality remains stable, recoveries continue to exceed slippages and the bank expects loan and deposit growth to align with the industry. — [Source](https://www.cnbctv18.com/market/earnings/union-bank-expects-5-7-bps-margin-expansion-for-every-per-25-bps-rate-hike-md-ceo-asheesh-pandey-q2-earnings-results-boardroom-20015924.htm)
- 2026-10-21 — MONEYCONTROL: **Buy Union Bank of India; target of Rs 221: Anand Rathi** — Anand Rathi, Union Bank of India, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-union-bank-of-india-target-of-rs-221-anand-rathi-14056495.html)
- 2026-10-21 — MONEYCONTROL: **Accumulate Union Bank of India; target of Rs 200: Prabhudas Lilladher** — Prabhudas Lilladher, accumulate, Union Bank of India, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/accumulate-union-bank-of-india-target-of-rs-200-prabhudas-lilladher-2-14056477.html)
- 2026-10-20 — Mint: **Multibagger: Union Bank of India shares up 300% in 5 years; can rally accelerate after Q2 results? What Systematix say** — Systematix raised its Union Bank of India target price to ₹215 and maintained a buy rating after quarterly profit exceeded estimates. Profit rose 30.3% year on year, supported by lower provisions and wider margins, while asset quality improved. The shares remain about 60% below their 2010 peak. — [Source](https://www.livemint.com/market/multibagger-union-bank-of-india-shares-up-300-in-5-years-can-rally-accelerate-after-q2-results-what-systematix-say-11792490511697.html)
- 2026-10-19 — CNBC-TV18: **Top Stories: FM on FPI outflows, sharp sell-off on D-Street, Jio IPO frenzy and more** — Top 10@10 — CNBC-TV18’s daily newsletter featuring the top 10 stories on markets, corporate updates, economic insights, and financial highlights — delivered at 10 pm — [Source](https://www.cnbctv18.com/business/top-stories-fm-on-fpi-outflows-sharp-sell-off-on-d-street-jio-ipo-frenzy-and-more-20015286.htm)
- 2026-10-19 — The Hindu: **Union Bank of India Q2 net profit rises 30% to ₹5,537 crore** — Union Bank of India posts 30% Q2 profit rise to ₹5,537 crore, with 12% total business growth and improving asset quality. — [Source](https://www.thehindu.com/business/union-bank-of-india-q2-net-profit-rises-30-to-5537-crore/article71602868.ece)
- 2026-10-19 — CNBC-TV18: **FIIs sell ₹1,149 crore, DIIs buy ₹3,201 crore as market ends lower** — Foreign investors sell ₹12,389 crore worth of equities against purchases of ₹11,241 crore, while domestic institutions buy ₹14,781 crore and sell ₹11,580 crore. Sensex falls 876 points and Nifty closes below 22,900. — [Source](https://www.cnbctv18.com/market/fiis-sell-rs1149-crore-diis-buy-rs3201-crore-as-market-ends-lower-20015242.htm)
- 2026-10-19 — The Hindu: **Sensex, Nifty end lower amid volatile trade and profit booking** — Private banks drag benchmarks as crude prices and weak global cues weigh on sentiment, while PSU banks buck the trend — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty-end-lower-amid-volatile-trade-and-profit-booking/article71602607.ece)
- 2026-10-19 — MONEYCONTROL: **Union Bank aims for 3% NIM as FCNR(B) funds support credit growth** — Union Bank of India, Asheesh Pandey, FCNR(B), NIM — [Source](https://www.moneycontrol.com/news/business/banks/union-bank-aims-for-3-nim-as-fcnr-b-funds-support-credit-growth-14055571.html)
- 2026-10-19 — BUSINESSTODAY: **Union Bank of India shares rise 5% on Q2 earnings, check details** — Union Bank of India share, Union Bank of India, Union Bank of India stock rises, Union Bank of India bonds, Union Bank of India business growth, Union Bank share — [Source](https://www.businesstoday.in/markets/stocks/story/union-bank-of-india-shares-rise-on-q2-earnings-check-details-562483-2026-10-19)
- 2026-10-19 — The Hindu: **Union Bank of India’s Q2 net profit rises 30% to ₹5,537 crore** — NII grows 20% y-o-y as provisions nearly halve and asset quality improves in September quarter — [Source](https://www.thehindubusinessline.com/money-and-banking/union-bank-of-indias-q2-net-profit-rises-30-to-5537-crore/article71602507.ece)
- 2026-10-19 — The Hindu: **Union Bank of India logs 30% y-o-y increase in net profit at ₹5,537 crore** — Union Bank of India posts 30% YoY net profit rise to ₹5,537 crore, with 19% advances growth, 7% deposit growth, and improving NIM. — [Source](https://www.thehindubusinessline.com/money-and-banking/union-bank-of-india-logs-30-y-o-y-increase-in-net-profit-at-5537-crore/article71602385.ece)
- 2026-10-19 — MONEYCONTROL: **Union Bank of India Q2 net profit rises 30% YoY to Rs 5,537 crore on strong NII growth** — Union Bank of India, Q2FY27, Net profit, NII, NIM — [Source](https://www.moneycontrol.com/news/business/banks/union-bank-of-india-q2-net-profit-rises-30-yoy-to-rs-5-537-crore-on-strong-nii-growth-14055432.html)
- 2026-10-19 — FEEDS: **Q2 Results Live: Bhansali Engineering Profit Jumps 47%, Union Bank Profit Zooms 30%** — Q2 Results Live: Bajaj Finance, Hindustan Zinc, IREDA, LTTS, and UltraTech Cement are among 35 companies scheduled to announce their Q2 FY27 results today. Track the latest earnings announcements, financial performance and market reaction live on NDTV Profit. — [Source](https://www.ndtvprofit.com/markets/q2-results-live-updates-bajaj-finance-hfcl-hindustan-zinc-ultratech-cement-union-bank-35-companies-to-announce-earnings-today-12204899)
- 2026-10-19 — BUSINESS: **Union Bank shares jump 5% as Q2 PAT rises 30% YoY, asset quality improves** — So far this year, Union Bank of India's stock has risen 17 per cent, and 32 per cent in a year. — [Source](https://www.business-standard.com/markets/news/union-bank-shares-jump-5-as-q2-pat-rises-30-yoy-asset-quality-improves-126101900455_1.html)

## Business profile

**Strategic vision:** Commercial bank providing banking products and services.

### Business segments
- **Treasury Operations:** Manages the bank's financial assets and liabilities.
- **Retail Banking Operations:** Serves individual customers with banking solutions.
- **Corporate and Wholesale Banking:** Focuses on commercial enterprises and large corporates.
- **Other Banking Operations:** Encompasses miscellaneous banking activities.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/unionbank
Markdown representation: https://faxioms.com/stocks/unionbank?render=md