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Union Bank Advances Surge 10% by March 2026
6 Apr
Summary
- Domestic advances grew over 10% to Rs 10.41 lakh crore by March 2026.
- Net profit increased by 8.97% to Rs 5,017 crore in Q3 FY26.
- Total global business reached Rs 23.86 lakh crore, up 5.79% YoY.
As of March 31, 2026, Union Bank of India experienced a substantial 10.06% rise in its domestic advances, which climbed to Rs 10,41,122 crore from Rs 9,45,975 crore a year prior. This period also saw domestic deposits grow by 2.72% year-over-year to Rs 13,06,297 crore.
The bank's overall financial performance in Q3 FY26 was robust, with net profit increasing by 8.97% to Rs 5,017 crore. Operating income saw a modest rise of 1.55% to Rs 13,869 crore when compared to Q3 FY25.
Globally, Union Bank's total business stood at Rs 23,85,679 crore by March 31, 2026, marking a 5.79% increase year-over-year. Both global advances and deposits showed upward trends, reflecting the bank's expanding operations and market presence.
