Union Bank of India reported another steady quarter with 1.4/16.7% RoA/RoE. Credit growth accelerated to 13.3% y/y in Q1FY27 from 10.5% in Q4FY26, led by MSME and Corporate, while CASA ratio improved to 35.1% and LCR strengthened to 121% (vs. 114% in Q4FY26), addressing the key concern that had weighed on the stock last quarter.