Rohan Shah, technical analyst at Asit C. Mehta Investment Interrmediates reckons that share prices of Canara Bank, Bank of India and Union Bank of India can appreciate by up to 16 per cent from here.
Union Bank of India reported a 29.5 per cent rise in first-quarter profit and said it aims to raise up to $300 million overseas while targeting $2 billion in FCNR(B) deposits
Union Bank of India's Q1FY27 profit rose nearly 30 per cent as net interest income grew, margins improved and asset quality strengthened during the June quarter
Q1FY27 company results: Firms including HDFC Life Insurance Company, ICICI Lombard, Jana Small Finance, HDB Financial Services are also set to release their earnings today
Union Bank of India plunged over 7 per cent in Friday's intra-day deals after the bank's Q1 Gross Advances numbers came in lower than the provisional figures.
Hitesh Tailor, technical research analyst at Choice Broking expects up to 15 per cent additional gains in SBI, Bank of Baroda and Union Bank of India from here.
Stocks ideas by Ajit Mishra: The analyst from Religare Broking is bullish on Hindustan Aeronautics, Bharat Forge and Union Bank of India.
In the past one week, the Nifty Bank outperformed the market by gaining nearly 3%, as against 0.05% decline in the Nifty 50.
Union Bank of India on Tuesday approved raising of up to Rs 8,000 crore, which would include the issuance of equities worth Rs 3,000 crore. In a BSE filing, Union Bank said the board has approved raising of debt capital through Basel III-compliant additional Tier 1 bonds and/or Tier 2 not exceeding Rs 5,000 crore. Besides, the board has approved raising Rs 3,000 crore equity capital in tranches within the overall limit of Rs 8,000 crore, through Public Issue (i.e. Further Public Offer) and/or rights issue and/or private placements, including Qualified Institutions Placements and/or Preferential Allotment. "The board of directors, in its meeting held on May 26, 2026, considered and approved the plan of the bank to raise capital by an amount not exceeding Rs 8,000 crore," the filing said. Shares of Union Bank of India were trading at Rs 167.25, down 1.01 per cent over the previous close on BSE.
Stock drops 7% amid sequentially higher provisions
Union Bank shares fall ~9% after muted Q4 results. Weak NIIand NIM, higher slippages, and lower treasury income weigh on Q4 profit
State-owned Union Bank of India On Thursday reported 6.64 per cent rise in standalone profit after tax (PAT) to Rs 5,316 crore for three months ended March 2026. The bank had posted a PAT of Rs4,985crore in the same quarter of the preceding fiscal year. Net Interest Income (NII) or core income declined by 1.14 per cent year-on-year to Rs 9,406 crore during the quarter under review. Total income dropped to Rs 31,851.15 crore in the quarter under review from Rs 32,752.67 crore in January-March 2025, the lender said in a stock exchange filing. However, asset quality improved with Gross Non-Performing Assets (GNPAs) declining to 2.82 per cent in the March quarter from 3.6 per cent in the year-ago period. Net NPAs also eased to 0.48 per cent from 0.63 per cent. Also, the board recommended a dividend of Rs 5 per equity share of Rs 10 each for financial year 2025-26. The payment is subject to shareholders' approval. Shares of Union Bank of India declined 6.42 per cent to Rs 182.2 apiec
Q4FY26 company results: Firms including Adani Energy Solutions, Aditya Birla Sun Life AMC, LTM, and Indian Energy Exchange are also to release their January-March earnings today
The rally followed the lender's disclosure that it has been assigned an ESG rating of 81.3 (CareEdge - ESG 1+), indicating strong performance across environmental, social and governance parameters
All the PSU Bank index constituents were trading lower, with Bank of India, Bank Maharashtra, Indian Bank, Bank of Baroda, and Union Bank of India falling in the range of 3 to 7 per cent
Drumil Vithlani, technical analyst at Bonanza is bullish on Canara Bank, Union Bank of India and Bank of India, and expects up to 27 per cent upside on these 3 PSU Bank shares from here.
Union Bank of India posted a 9 per cent rise in December-quarter net profit as provisions dropped sharply, even as net interest margins declined and deposit growth moderated
Union Bank of India surged 8%, while Bank of Maharashtra, Indian Bank, Indian Overseas Bank and Punjab & Sind Bank were up 4% each on the NSE in intra-day trade.
The counter rose as much as 8.13 per cent to ₹180, the highest level since November 17, 2017 so far on the National Stock Exchange (NSE)
Gross NPAs dropped by 79 basis points to 3.06 per cent, while net NPAs fell 31 basis points to 0.51 per cent as of December 2025