'Union Bank of India conducted a conference call on 14 January 2026 to discuss the financial results for the quarter ended December 2025. Asheesh Pandey. MD&CEO of the bank addressed the call:
Highlights:
The net profit of the bank stood at Rs 5017 crore for Q3FY26.
The business grew 5.04% and the gross advances increased 7.13% and total deposit 3.36%.
First time, the bank has crossed Rs 10 lakh crore of advances at end December 2025.
The bank has shed bulk deposits of Rs 38000-40000 crore, which was at the higher cost.
The treasury book has s contracted by Rs 15000 crore, which has moved to the credit side.
The bank has also reduced the IBPC of Rs 20000 crore to nil
Further, the bank has moved Rs 10,000 crore low yielding portfolio to long term loans.
Despite the sharp repo rate cut of 125 bps, the NIM has reduced to 2.76% in Q3FY2026 from 2.91% in Q3FY25. The bank has actually improved NIM on sequential basis f...
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