NSE: UNIONBANK · 15 October 2026
- Union Bank of India shares fell 3.21% on Wednesday, trading within an intraday range of ₹167.50 and ₹174.48 after opening at ₹174.48.
- Union Bank of India released provisional operating figures for the quarter ended September 30, 2026, reporting total global business of ₹24,75,387 crore, reflecting a 12.02% year-on-year increase. Total gross advances grew by 18.53% year-on-year to ₹11,55,930 crore, while total deposits expanded by 6.87% year-on-year to ₹13,19,457 crore. Domestic CASA deposits reached ₹4,60,697 crore, representing a CASA ratio of 34.93%.
- Trading volume was 0.35 times the 20-day average daily volume.
Why is Union Bank Of India share price falling on 15 October 2026?
Union Bank of India shares fell 3.21% on Wednesday, trading within an intraday range of ₹167.50 and ₹174.48 after opening at ₹174.48.
The broader market demonstrated positive momentum, with the Nifty rising 0.71%. Union Bank's retreat follows a modest 5-day return decline of 1.80% and a 20-day drop of 5.49%, reflecting mild profit-taking and underperformance relative to the broader benchmark indices.
Recent developments include credit rating updates from S&P Global Ratings reaffirming the bank's issuer credit ratings at BBB/Stable/A-2 in October 2026, alongside provisional financial disclosures showing 18.53% year-on-year growth in total gross advances to ₹11,55,930 crore as of September 30, 2026. However, these fundamental updates serve as broader contextual background rather than direct catalysts for today's intraday price move.
32.55 lakh shares traded by 15 October 2026 · 09:45 AM IST. This compares with a 20-day average daily volume of 92.86 lakh shares (0.35 times). The five-day average daily volume was 1.08 crore shares. Separately, the NSE report for 14 October 2026 showed 1.30 crore shares delivered, representing 54.41% of that day’s traded volume. The same report recorded 62,278 trades.
The stock declined by 3.21% amid below-average trading volume (0.35x of 20-day average volume), pointing to lack of institutional participation and mild profit-taking following recent multi-session gains.
Latest Company Developments
Union Bank of India released provisional operating figures for the quarter ended September 30, 2026, reporting total global business of ₹24,75,387 crore, reflecting a 12.02% year-on-year increase. Total gross advances grew by 18.53% year-on-year to ₹11,55,930 crore, while total deposits expanded by 6.87% year-on-year to ₹13,19,457 crore. Domestic CASA deposits reached ₹4,60,697 crore, representing a CASA ratio of 34.93%.
Provides preliminary visibility into the bank's credit growth and deposit mobilization prior to the formal quarterly financial results review.
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 strong government parentage, stable deposit base, and adequate capitalization, while projecting the standalone credit profile (SACP) at bbb-.
Reinforces institutional confidence in the bank's capital buffers and sovereign support framework amidst evolving macroeconomic conditions.
CARE Ratings Limited and Brickwork Ratings reviewed and reaffirmed AAA ratings with a stable outlook on the bank's Tier-2 and infrastructure bonds in September and October 2026, while formally noting the full redemption and withdrawal of certain Additional Tier-1 (AT-1) bonds.
Demonstrates stable creditworthiness for the bank's long-term borrowings while documenting active capital structure management through bond redemptions.
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
Identified as a short-term trading idea by Kotak Neo experts.
Maintained a neutral stance with a fundamental target price of Rs 190.
Suggested an accumulate rating citing steady operating performance and valuation support.
Assigned a buy rating with a target price of Rs 206 based on medium-term credit expansion.
What to Watch Next
- Upcoming formal quarterly financial results and earnings call scheduled for October 19, 2026.
- Credit growth trajectory in the Retail, Agriculture, and MSME (RAM) segments.
- Evolution of asset quality indicators, gross non-performing assets, and credit cost guidance.
- CASA deposit mobilization and domestic credit-to-deposit ratio trends.
Other Dated Coverage
- Union Bank of India in Focus After S&P Global Ratings Reaffirmation | 8 October 2026 — 8 October 2026
- Union Bank Of India Share Price Today: Why UNIONBANK Is Rising 2.80% | 7 October 2026 — 7 October 2026
- Why Union Bank Shares Fell 2.95% Today | 1 October 2026 — 1 October 2026
More Union Bank Of India news and dated analysis →
Frequently Asked Questions
What is the latest Union Bank Of India company news?
Union Bank of India released provisional operating figures for the quarter ended September 30, 2026, reporting total global business of ₹24,75,387 crore, reflecting a 12.02% year-on-year increase. Total gross advances grew by 18.53% year-on-year to ₹11,55,930 crore, while total deposits expanded by 6.87% year-on-year to ₹13,19,457 crore. Domestic CASA deposits reached ₹4,60,697 crore, representing a CASA ratio of 34.93%.
How strong was Union Bank Of India’s trading volume?
32.55 lakh shares traded, 0.35 times the 20-day average daily volume. The price and volume data are dated 15 October 2026 · 09:45 AM 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.