The shares of Union Bank of India slipped 5% to their day’s low of Rs 161.65 on Friday after the company reported its business update for the June 2026 quarter.According to a filing with the exchange on Thursday, the bank reported 7.46% growth in its global business to Rs 23.79 lakh crore in the June 2026 quarter from Rs 22.14 lakh crore in the June 2025 quarter. However, on a quarterly basis, the global business declined marginally by 0.24% from Rs 23.85 lakh crore in the March 2026 quarter.Also Read |Functional & Innovative Foods files DRHP with Sebi for IPOThe bank’s total gross advances grew 12.50% year-over-year (YoY) to Rs 10.96 lakh crore as of the June 30, 2026 quarter, up from Rs 9.74 lakh crore in the same quarter a year ago. On a quarterly basis, total gross advances grew by 1.64%.The bank reported 3.50% growth in deposits on a yearly basis whereas on a quarterly basis, it declined by 1.80%.The total domestic advances increased by 13.11% to Rs 10.61 lakh crore in June 2026 quarter on a yearly basis, while on a quarterly basis, they went up by 1.94%. The total deposits and CASA deposits increased by 3.49% and 11.72% respectively.RAM Advances (Domestic) jumped 11.56% year-over-year as of June 30, 2026, and increased 1.61% quarter-over-quarter.The C/D Ratio including domestic and excluding bank deposits went up by 714 basis points to 83.38% as of June 2026 quarter from 76.24% on yearly basis and by 298 basis points on a quarterly basis from 80.40%.And lastly, the C/D Ratio (including domestic and bank deposits) increased by 704 basis points to 82.72% as of the June 2026 quarter from 75.68% on yearly basis and by 303 basis points on a quarterly basis from 79.69%.The bank also announced a change in senior management of the bank through another filing with the bank.Also Read |India’s private credit market doubles to $25 billion AUM in five years: ReportIn the last one year, the shares of Union Bank of India went up 7.69% and 19.83% in the last two years. The shares were down 5.26% in the last three months and 2.04% in the last one month.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)Add
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