Union Bank drops over 5% as Q1 business update flags sequential slowdown
[hfe_template id='11223']
[ad_1]
Shares of Union Bank of India declined by nearly 5.5% on Wednesday, July 9, slipping to Rs 141.85, after the public sector lender released its Q1FY26 business update. The market reaction followed concerns over quarter-on-quarter (QoQ) declines in key performance metrics, particularly in deposit and loan growth. In its filing to the stock exchanges on Tuesday, the bank highlighted year-on-year (YoY) growth across most areas but flagged sequential de-growth in several crucial segments, including Domestic CASA Deposits, Total Global Business, and Total Global Deposits. As per the update, the bank’s Total Business (Global) as of June 30, 2025, stood at Rs 22,14,480 crore, registering a QoQ decline of 1.80%, even though it grew 5.01% on a YoY basis. On the deposit front, Global Total Deposits dropped 2.54% QoQ to Rs 12,39,936 crore, though still reflecting a 3.63% YoY increase. Similarly, Domestic Deposits fell 2.54% QoQ to Rs 12,39,510 crore ...