UNIONBANK
Union Bank of India share price & financials
- Price
- ₹175.76
- Market cap
- ₹1.3L Cr
- Sector
- Financial Services
- Calls analysed
- 6
Union Bank of India Q1 FY27
What went well
- Highest ever profit achieved, surpassing previous records.
- Return on Assets (ROA) maintained at 1.36% for the third consecutive quarter.
- Net Interest Margin (NIM) reached its highest level at 2.80%.
What to watch
- Gap between deposit and loan growth, though management is focused on grassroots deposit mobilization.
- Slight increase in SMA 2 by INR350 crores, though overall SMA numbers are down.
What Union Bank of India does
Union Bank of India is a public-sector bank majority-owned by the Government of India, providing retail, MSME, agriculture and corporate/wholesale banking along with treasury operations. It serves customers through a pan-India network of branches, ATMs and business-correspondent points plus the Vyom digital banking app. The bank earns primarily from interest on advances and investments, supplemented by fee income and treasury income.
Segments
- Retail Banking
- MSME
- Agriculture
- Corporate/Wholesale Banking
- Treasury
- Total branches
- 8,697
- Total ATMs
- 8,656
- Business Correspondent points
- 26,147
- Employees
- 73,885
- Vyom app users
- 3.1 crore
- Gold Loan Points
- 1,675
Guidance record · Q1 FY27
what the last two calls moved 20 tracked 4 delivered 7 missed 9 open- Net Interest Margin (NIM) delivered said Q4 FY26 Promised: Maintain 2.64% or better Q1 FY27: NIM for Q1 FY27 was 2.80%, significantly exceeding the target.
- Credit Cost went quiet said Q4 FY26 Promised: Around 1% for FY27 Q1 FY27: No specific credit cost figure for Q1 FY27 was provided to verify the promise, though NPA provisions increased substantially.
- Recovery from Written-off Accounts at risk said Q4 FY26 Promised: Sustain the recovery number next year (similar to FY26's ~₹4,000 cr) Q1 FY27: Management acknowledged that Q1 recovery was lower than the Q4 run-rate due to a one-off bulk recovery in the previous quarter, putting the full-year target at risk.
All 20 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 1.1%, net profit up 29.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 26,708 | 26,544 | 27,695 | 26,919 | 26,191 −2% | 26,443 −0% | 26,439 −5% | 27,203 +1% |
| Net profit | 4,720 | 4,604 | 4,985 | 4,116 | 4,249 −10% | 5,017 +9% | 5,316 +7% | 5,332 +30% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +34.4% 1Y
1Y: ₹132.51 on 10 Sept 2025 → ₹178.1. High ₹202.27 (27 Feb 2026), low ₹132.51 (10 Sept 2025).
How the price took the results
close before → close after
- Q1 FY27
- +1.0%
- 15 Jul
- Q4 FY26
- −1.9%
- 29 Apr
- Q3 FY26
- +7.9%
- 14 Jan
- Q2 FY26
- −2.6%
- 30 Oct
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 9.4% a year over 3 years, FY23 to FY26.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹81.0k Cr | ₹99.8k Cr | ₹107.3k Cr | ₹106.0k Cr |
| Interest | ₹48.0k Cr | ₹63.2k Cr | ₹70.1k Cr | ₹69.3k Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹8.5k Cr | ₹13.6k Cr | ₹18.0k Cr | ₹18.7k Cr |
| Net margin | 10.5% | 13.7% | 16.8% | 17.6% |
| ROE | 11.0% | 16.0% | 17.0% | 15.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹6.4k Cr | ₹6.8k Cr | ₹6.8k Cr | ₹7.6k Cr | ₹7.7k Cr | ₹7.6k Cr |
| Reserves | ₹58.1k Cr | ₹63.7k Cr | ₹71.5k Cr | ₹89.3k Cr | ₹118.2k Cr | ₹120.9k Cr |
| Borrowings | ₹51.8k Cr | ₹51.2k Cr | ₹43.1k Cr | ₹26.9k Cr | — | ₹77.2k Cr |
| Deposits | ₹923.8k Cr | ₹1032.4k Cr | ₹1117.7k Cr | ₹1221.5k Cr | — | ₹1306.9k Cr |
| Other liabilities | ₹31.6k Cr | ₹33.4k Cr | ₹41.6k Cr | ₹46.5k Cr | ₹58.2k Cr | ₹56.7k Cr |
| Total liabilities | ₹1071.7k Cr | ₹1187.6k Cr | ₹1280.8k Cr | ₹1392.0k Cr | ₹1490.3k Cr | ₹1569.4k Cr |
| Fixed assets | ₹7.3k Cr | ₹7.2k Cr | ₹8.8k Cr | ₹9.2k Cr | ₹10.0k Cr | ₹11.5k Cr |
| Capital work in progress | ₹62 Cr | ₹36 Cr | ₹21 Cr | ₹35 Cr | ₹0 Cr | ₹62 Cr |
| Investments | ₹331.5k Cr | ₹348.5k Cr | ₹339.3k Cr | ₹337.9k Cr | ₹357.7k Cr | ₹330.2k Cr |
| Other assets | ₹732.9k Cr | ₹831.9k Cr | ₹932.6k Cr | ₹1044.8k Cr | ₹1122.6k Cr | ₹1227.5k Cr |
| Total assets | ₹1071.7k Cr | ₹1187.6k Cr | ₹1280.8k Cr | ₹1392.0k Cr | ₹1490.3k Cr | ₹1569.4k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −0.96 pp while FIIs added +0.93 pp. The shareholder count shrank 5% to 9,15,787.
- Promoters
- 74.8%
- FIIs
- 8.6%
- DIIs
- 12.0%
- Public
- 4.6%
Since Jun 2025
- Public −0.96 pp
- FIIs +0.93 pp
- DIIs +0.04 pp
How it drifted, 12 quarters
Over this window FIIs went from 2.9% to 8.6% — +5.7 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 77.0%, FIIs 2.9%, DIIs 12.7%, Public 7.4%.Dec '23: Promoters 77.0%, FIIs 4.0%, DIIs 12.3%, Public 6.8%.Mar '24: Promoters 74.8%, FIIs 6.8%, DIIs 12.2%, Public 6.3%.Jun '24: Promoters 74.8%, FIIs 7.4%, DIIs 11.4%, Public 6.5%.Sep '24: Promoters 74.8%, FIIs 6.9%, DIIs 11.2%, Public 7.1%.Dec '24: Promoters 74.8%, FIIs 6.5%, DIIs 11.9%, Public 6.8%.Mar '25: Promoters 74.8%, FIIs 7.1%, DIIs 11.6%, Public 6.5%.Jun '25: Promoters 74.8%, FIIs 7.7%, DIIs 11.9%, Public 5.6%.Sep '25: Promoters 74.8%, FIIs 7.9%, DIIs 11.7%, Public 5.7%.Dec '25: Promoters 74.8%, FIIs 8.1%, DIIs 11.9%, Public 5.2%.Mar '26: Promoters 74.8%, FIIs 9.4%, DIIs 11.5%, Public 4.4%.Jun '26: Promoters 74.8%, FIIs 8.6%, DIIs 12.0%, Public 4.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- HDFC Mutual Fund-HDFC Arbitrage Fund Mutual fund newly disclosed 1.34% held
- Nippon Life India Trustee Ltd- A/C Nippon India Gr Mutual fund newly disclosed 1.06% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Union Bank of India above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| President Of India | 74.76% | unchanged |
| LICI ULIP-Growth Fund Insurer | 4.92% | −0.44 pp |
| HDFC Mutual Fund-HDFC Arbitrage Fund Mutual fund | 1.34% | newly disclosed |
| Nippon Life India Trustee Ltd- A/C Nippon India Gr Mutual fund | 1.06% | newly disclosed |
| HDFC Trustee Company Ltd. A/C HDFC Balanced Advant Mutual fund | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in UNIONBANK
Filings to Aug 2026
2 new, 14 added, 5 trimmed, 0 sold out — net +165.90 L shares (+12.0%).
- Held by funds
- ₹2.9k Cr
- 25 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹781 Cr · 0.9% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹781 Cr | +25.58 L | Jun '26 |
| Nippon India ETF Nifty PSU Bank BeES Nippon India Mutual Fund | ₹402 Cr | −4.14 L | Jan '19 |
| Nippon India Growth Mid Cap Fund Nippon India Mutual Fund | ₹302 Cr | held | Aug '23 |
| Nippon India ETF Nifty Bank BeES Nippon India Mutual Fund | ₹266 Cr | −1.16 L | Dec '25 |
| SBI Arbitrage Fund SBI Mutual Fund | ₹185 Cr | −8.54 L | Nov '24 |
| Nippon India Large Cap Fund Nippon India Mutual Fund | ₹168 Cr | new | Aug '26 |
| Nippon India Banking & Financial Services Fund Nippon India Mutual Fund | ₹139 Cr | +56.72 L | Jul '26 |
| Nippon India ETF Nifty Next 50 Junior BeES Nippon India Mutual Fund | ₹129 Cr | +2.20 L | Mar '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
14 added, 5 trimmed — net +1.66 cr shares (+12.0%)
- Funds are sitting on
- +14%
- vs est. average cost
- Held by funds
- ₹2.9k Cr
- 25 schemes · ≈ 2.1% of the company
- Biggest holder
- Nippon India Small Cap Fund
- ₹781 Cr · 0.9% of that fund
- Longest holder
- Nippon India ETF Nifty PSU Bank BeES
- 7y 8m · since Jan '19
Shares held by these funds +33%
Aug '23 14.09 cr shares Jul '26
All earnings calls (6)
Read the Q1 FY27 call →Learn to analyse Union Bank of India
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