Q1 2026 Union Bank of India Ltd Earnings Call Transcript
Key Points
- Union Bank of India (BOM:532477) reported a net profit growth of 12% for Q1 FY26, amounting to 4,16k.
- The bank's retail loan book grew by 26%, and MSME loans increased by 18%, indicating strong momentum in priority areas.
- The capital adequacy ratio remains robust at 18.3%, with common equity at 15.3%.
- The provision coverage ratio improved by 116 basis points, reaching close to 95%.
- The bank's CASA ratio remains stable at 32.5%, and the share of CASA plus retail term deposits in overall deposits is steady at 74%.
- There was a moderation in the net interest margin, which decreased by 11 basis points to 2.76% from Q4 FY25.
- The bank experienced a decline in cash recoveries, which fell from 1,600 crore in the previous quarter to 790 crore.
- The SMA-2 accounts increased from 1,200 crore to 2,600 crore, indicating potential future NPAs.
- The operating profit decreased by 950 crore compared to the same quarter last year, partly due to the absence of PSLC income.
- The bank's current account deposits declined sharply, influenced by reclassification and seasonal factors.
Ladies and gentlemen, good day and welcome to the Union Bank of India earnings conference call for the period June 30th, 2025. The bank is represented by the executive director Sri Nitesh Ranjan.
Srirama Subramanyans.
Shri Sanjay Rura and other members of the top management. As a reminder, all part bin lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchstone phone. Please note that this conference is being recorded.
I now hand the conference over to Mr. Ajay Bunsen, deputy general manager.
Thank you and over to you sir.
Thanks.
Good ladies and gentlemen. I welcome you all for Union Bank of India ending June 30, 2025.
The structure of include a brief opening statement by respected ETS and then the clause will be open for interaction before getting into
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