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Union Bank Of India Share Price Dips As Q1 Advances, Deposits Decline

  • Union Bank of India's share price declined nearly 6% as its advances and deposits decreased sequentially in the first quarter of fiscal 2026.
  • In the June quarter, the bank reported a 1% sequential decline in advances, with CASA deposits also decreasing by 5%.
  • On a year-on-year basis, the bank saw growth in both deposits and advances. Total business rose 5% to Rs 22.1 lakh crore.
  • The stock price of Union Bank of India fell 4.83% to Rs 415.15 apiece and traded lower compared to the NSE Nifty 50, with most analysts maintaining a 'buy' rating for the company.

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