Union Bank of India

NSE: UNIONBANK | BSE: 532477 | ISIN: INE692A01016 | Industry: Banks
| Strong Performer

logo
Union Bank of India
20 Jul 2025, 12:00AM
140.30
2.72%
Prabhudas Lilladhar
UNBK saw a weak quarter owing to lower fees/NII which led to core PPoP being a miss by 17.5%. PSLC income opportunity was not available in Q1'26 due to change in gold loan regulations. Hence, we cut fees for FY26/27E by ~10%. With RBI tweaking back gold loan regulations, agri growth may improve supporting fees. Reported NIM declined by 11bps QoQ to 2.76% due to fall in loan yields by 22bps QoQ despite a decline in corporate and increase in retail. As a result, we trim NIM for FY26/27E by 7bps/8bps to 2.53%/2.61%. Asset quality remains a...
Union Bank of India's price crossed above 100Day SMA today
More from Union Bank of India
Recommended