Union Bank of

Union Bank of India reported a strong Q4 FY26 with net profit of ₹18,697 croreCurrent reported value: ₹18,697 crore. No comparable prior figure is available in the source record. and recommended a dividend of ₹5 per share. The bank achieved robust business growth, with gross advances up 9.74% YoYCurrent reported value: 9.74% YoY. No comparable prior figure is available in the source record. and a significant improvement in CASA ratio to 35.21%Current 35.21%. Reported change: +270bps vs Sep 2025. from 32.51% in September. Management highlighted a strategic shift from bulk deposits to retail term deposits and CASA, reducing bulk deposits by ₹70,000 crore. The bank also created a ₹700 crore contingency provision without impacting profit or capital. NIM compressed to 2.64% due to the December rate cut but management expects stabilization and gradual improvement. Credit cost was low at 23 bps for the year, with guidance of ~1% for FY27. Key risks include potential stress from West Asia disruptions and elevated SMA1 levels, though management sees no material impact yet. The bank targets 13-14% credit growthCurrent reported value: 13-14% credit growth. No comparable prior figure is available in the source record. in FY27 while maintaining asset quality and profitability.