Union Bank of India Reports 10% Year-on-Year Growth in Domestic Advances for Q4

Original: Union Bank of India's domestic advances rise 10% YoY in Q4

Business Standard•Apr 3, 20261 min

In a Nutshell

Union Bank of India announced a 10.06% increase in domestic advances, reaching ₹10,41,122 crore as of March 31, 2026. The bank's total global business also grew, with net profit rising to ₹5,017 crore. This growth reflects a strong performance in both retail and corporate banking sectors.

Key Points

01Domestic advances increased by 10.06% year-on-year.
02Total global business rose to ₹23,85,679 crore, up 5.79% YoY.
03Net profit reached ₹5,017 crore, marking an 8.97% increase.
04Domestic deposits grew by 2.72% YoY to ₹13,06,297 crore.
05Shares of Union Bank of India rose by 0.23% to ₹172.20.

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Full Summary

Union Bank of India reported a 10.06% increase in domestic advances, totaling ₹10,41,122 crore as of March 31, 2026, compared to ₹9,45,975 crore the previous year. Domestic deposits also showed growth, rising 2.72% year-on-year to ₹13,06,297 crore. The bank's total global business reached ₹23,85,679 crore, reflecting a 5.79% increase, while global advances rose by 9.76% to ₹10,78,779 crore. The bank's net profit for the quarter was ₹5,017 crore, an 8.97% increase from the previous year, with operating income up by 1.55% to ₹13,869 crore. Following the announcement, shares of Union Bank of India increased by 0.23% to settle at ₹172.20 on April 2, 2026. This performance highlights the bank's robust growth in both retail and corporate banking sectors.

Key Figures

₹10,41,122 crore

Total domestic advances as of March 31, 2026

₹5,017 crore

Net profit for Q3 FY26

2.72%

Year-on-year growth in domestic deposits

5.79%

Year-on-year growth in total global business

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Why It Matters

The increase in domestic advances indicates a growing lending capacity, which may lead to more credit availability for consumers and businesses. This could result in lower interest rates for loans and increased financial support for homebuyers and small businesses.

Who is affected

Consumers seeking loans, small business owners, and homebuyers.

What to know

Potential borrowers should consider applying for loans as the bank's growth may lead to favorable lending terms.

FAQ

The growth in domestic advances can be attributed to strong performance in retail and corporate banking operations.

The bank's net profit increased by 8.97% to ₹5,017 crore compared to the same quarter last year.

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