Union Bank stock jumps 9% to a record high after announcing its Q3 results

SYNOPSIS: Union Bank posted stronger Q3 FY26 results with higher NII and profit QoQ, stable margins, rising CASA deposits, lower slippages, and sequential improvement in asset quality across gross and net NPAs.

During Wednesday’s trading session, shares of PSU lender engaged in the business of banking services, government business and other related services, surged around 9 percent to hit a new 52-week high on the BSE, after the company reported Q3 FY26 results with better asset quality and slippages.

At 03:27 p.m., shares of Union Bank of India were trading in green at Rs. 178.9 on BSE, up by around 8 percent, compared to its previous closing price of Rs. 166.15, with a market cap of Rs. 1.36 lakh crores. The stock has delivered positive returns of around 72 percent in one year, and has gained by over 16 percent in the last one month.

What’s the News

Union Bank of India announced the financial results for the third quarter of FY26 on Wednesday during market hours, as per the latest regulatory filings with the stock exchanges.

For Q3 FY26, the bank reported a net interest income (NII) of Rs. 9,328 crores, reflecting a sequential growth of around 6 percent QoQ compared to Rs. 8,812 crores in Q2 FY26, and a year-on-year marginal increase of about 1 percent from Rs. 9,240 crores recorded in Q3 FY25.

During the same period, net profit stood at Rs. 5,017 crores, indicating a growth of over 18 percent QoQ from Rs. 4,249 crores in Q2 FY26, but an impressive growth on a year-on-year basis by nearly 9 percent from Rs. 4,604 crores reported in Q3 FY25.

Union Bank of India is a banking and financial services statutory body engaged in providing a wide range of products and services to individuals, commercial enterprises, large corporates, public bodies, and institutional customers.

As of December 2025, CASA deposits rose to Rs. 4.15 lakh crore, reflecting a robust increase of around 3.3 percent YoY and 5 percent QoQ. The Net Interest Margin (NIM) for Q3 FY26 stood at 2.76 percent, up from 2.67 in Q2 FY26 but down from 2.91 percent in Q3 FY25.

The bank reported slippages of Rs 1,853 crore at the end of the December quarter, down from Rs 2,151 crore in September 2025. Further, the bank’s asset quality also improved on a sequential basis, with Gross Non-Performing Assets (NPA) improving to 3.06 percent from 3.29 percent in September 2025, and Net NPAs improved to 0.51 percent from 0.55 percent.

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