Union Bank of India Q2 FY27 Advances Grow 18.53% YoY to ₹11.56 Lakh Crore
Union Bank of India reported provisional Q2 FY27 figures with total gross advances up 18.53% YoY to ₹11.56 lakh crore. Domestic advances grew 17.36% YoY. RAM advances increased 14.65% YoY, and domestic CASA deposits rose 14.66% YoY. Global business grew 12.02% YoY.
The announcement provides a positive business update with significant YoY growth in advances and deposits, which is material information for investors. However, it is provisional and released before the audited financial results.
The bank reported strong year-on-year growth in key metrics like gross advances, domestic advances, RAM advances, and CASA deposits, indicating positive business momentum.
Union Bank of India has announced its provisional business update for the quarter ended September 30, 2026. The bank reported a significant year-on-year (YoY) growth in total gross advances by 18.53%, reaching ₹11,55,930 crore. Domestic advances also saw a robust YoY increase of 17.36%, amounting to ₹11,05,807 crore.
Furthermore, the bank's Retail, Agriculture, and MSME (RAM) advances (Domestic) grew by 14.65% YoY to ₹6,35,527 crore. Domestic CASA (Current Account Savings Account) deposits grew by 14.66% YoY to ₹4,60,697 crore, with the CASA percentage standing at 34.93% as of September 30, 2026.
Global business for the bank grew by 12.02% YoY to ₹24,75,387 crore, while total deposits increased by 6.87% YoY to ₹13,19,457 crore. The Credit/Deposit (C/D) ratio for domestic operations, excluding interbank deposits, stood at 84.34%.
This information is provisional and released before the final financial results for the quarter ended September 30, 2026, which are subject to review by the Statutory Central Auditors and other necessary approvals.
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