Union Bank of India earnings calls.

Union Bank of India delivered FY26 net profit of INR 18,697 croreCurrent reported value: INR 18,697 crore. No comparable prior figure is available in the source record., a substantial jump from INR ~14,600 crore prior year, driven by robust recovery from written-off accounts (INR 4,000 crore for the year) and controlled credit costs (23 bpsCurrent 23 bps. Reported change: 23bps annual FY26.). The bank achieved 9.74% gross advance growthCurrent reported value: 9.74% gross advance growth. No comparable prior figure is available in the source record. and 12.56% RAM segment growthCurrent 12.56% RAM segment growth. Reported change: +12.56% YoY. (retail +16.75%, MSME +18.75%), with gross NPA improving 78 bps to 2.82%Current 2.82%. Reported change: -78bps YoY.. However, NIM compressed to 2.64%Current reported value: NIM compressed to 2.64%. No comparable prior figure is available in the source record. in Q4 from 2.76% QoQ, reflecting both the December rate cut impact and competitive deposit pricing. Management prioritized liability franchise building—CASA ratio improved from 32.51% (September) to 35.21%Current 35.21%. Reported change: +270bps (from 32.51%).—while shedding low-yielding IBPC (zero) and bulk deposits (INR 57,000 crore reduced). An additional INR 700 crore prudent provisionCurrent reported value: INR 700 crore prudent provision. No comparable prior figure is available in the source record. was created as a balance sheet cushion without impacting capital. FY27 credit growth target is 13-14%Current reported value: FY27 credit growth target is 13-14%. No comparable prior figure is available in the source record., with management targeting NII growth in line with advances and defending NIM at current levels. Key risks include geopolitical spillover to MSME via West Asia remittance channels, persistent deposit growth lag relative to credit, and MSME slippages rising to INR 2,023 crore (vs INR 1,660 in Q3).