NSE: UNIONBANK · 7 October 2026
- Union Bank of India shares advanced 2.80% on October 7, 2026, building on a prior session gain of 0.28%. The stock opened lower at ₹165.97, dipped to a day's low of ₹165.55 early in the session, but subsequently rebounded strongly to reach an intraday high of ₹174.87 before settling at ₹173.15.
- S&P Global Ratings reaffirmed Union Bank of India's issuer credit ratings at BBB/Stable/A-2 on October 6, 2026. The rating agency highlighted the bank's very high likelihood of government support, stable deposit base, and improved asset quality management, while noting expectations of moderate credit cost normalisation under upcoming expected credit loss frameworks.
- Trading volume was 1.83 times the 20-day average daily volume.
Why is Union Bank Of India share price rising on 7 October 2026?
Union Bank of India shares advanced 2.80% on October 7, 2026, building on a prior session gain of 0.28%. The stock opened lower at ₹165.97, dipped to a day's low of ₹165.55 early in the session, but subsequently rebounded strongly to reach an intraday high of ₹174.87 before settling at ₹173.15.
While the broader Nifty benchmark declined by 0.76% during the session, Union Bank outperformed the broader market trend, reflecting positive momentum in public-sector banking equities. Over the trailing 5-day period, the stock has gained 1.26%, though it remains down 5.84% over a 20-day horizon, indicating a broader recovery from recent consolidation phases within the financial services sector.
The positive price action follows recent operational disclosures from the bank released on October 1, 2026, which reported provisional financial figures showing total gross advances growing by 18.53% year-on-year to ₹11,55,930 crores as of September 30, 2026. Additionally, S&P Global Ratings reaffirmed the bank's issuer credit rating at BBB/Stable/A-2 on October 6, 2026, noting steady asset quality and government support, which provided supportive fundamental context for market participants.
1.33 crore shares traded by 7 October 2026 · 03:15 PM IST. This compares with a 20-day average daily volume of 72.96 lakh shares (1.83 times). The five-day average daily volume was 86.29 lakh shares. Separately, the NSE report for 6 October 2026 showed 58.89 lakh shares delivered, representing 56.74% of that day’s traded volume. The same report recorded 59,338 trades.
Union Bank of India shares gained 2.80% on above-average cash volume (1.83x of 20-day average) and strong intraday recovery from a low of ₹165.55 to ₹174.87. The move aligns with positive sentiment from recent provisional Q2 business updates showing robust 18.53% year-on-year advances growth and S&P Global Ratings' reaffirmation of the bank's credit rating.
Latest Company Developments
S&P Global Ratings reaffirmed Union Bank of India's issuer credit ratings at BBB/Stable/A-2 on October 6, 2026. The rating agency highlighted the bank's very high likelihood of government support, stable deposit base, and improved asset quality management, while noting expectations of moderate credit cost normalisation under upcoming expected credit loss frameworks.
Maintains institutional credit visibility and underscores the bank's capital adequacy and government backing.
Union Bank of India announced provisional financial metrics for the quarter ended September 30, 2026, showing global business expanding 12.02% year-on-year to ₹24,75,387 crores. Total gross advances grew 18.53% year-on-year to ₹11,55,930 crores, while domestic CASA deposits rose 14.66% year-on-year to ₹4,60,697 crores with a domestic CASA ratio of 34.93%.
Provides preliminary visibility into the bank's loan growth momentum and liability franchise ahead of statutory financial results.
Brickwork Ratings reaffirmed its BWR AAA/Stable rating on the bank's ₹1,000 crore Tier II bonds under Basel III. Concurrently, the rating agency withdrew the rating on Additional Tier I bonds following full redemption through the exercise of call options by the bank.
Demonstrates proactive capital structure management and confirms timely debt servicing and redemption compliance.
Union Bank of India shares drop 5% post Q1 business update, global business decline marginally on quarterl.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 4.73% on 30 June 2026. This compares with 4.03% on 31 March 2026, a change of +0.70 percentage points.
The filing reported 46 MF/UTI holders.
Research & Brokerage Views
Maintained a positive outlook on valuation and business growth trajectory following quarterly performance.
Adopted a neutral stance balancing steady deposit franchise against margin pressures and credit cost normalisation.
Recommended accumulation citing healthy RAM segment growth and comfortable capital buffers.
What to Watch Next
- Statutory review and official declaration of financial results for the quarter ended September 30, 2026
- Evolution of domestic credit-to-deposit ratio (standing at 84.34% as of September 30, 2026)
- Retail, Agriculture, and MSME (RAM) loan segment growth trajectory
- Developments regarding proposed capital-raising plans and potential trade union strike notices
Other Dated Coverage
- Why Union Bank Shares Fell 2.95% Today | 1 October 2026 — 1 October 2026
- Why Union Bank Shares Are Up 3.01% Today: Price & Volume Analysis | 30 September 2026 — 30 September 2026
- Union Bank Share Price Drops 3.35%: Why UNIONBANK is Falling Today | 29 September 2026 — 29 September 2026
More Union Bank Of India news and dated analysis →
Frequently Asked Questions
What is the latest Union Bank Of India company news?
S&P Global Ratings reaffirmed Union Bank of India's issuer credit ratings at BBB/Stable/A-2 on October 6, 2026. The rating agency highlighted the bank's very high likelihood of government support, stable deposit base, and improved asset quality management, while noting expectations of moderate credit cost normalisation under upcoming expected credit loss frameworks.
How strong was Union Bank Of India’s trading volume?
1.33 crore shares traded, 1.83 times the 20-day average daily volume. The price and volume data are dated 7 October 2026 · 03:15 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 June 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.