NSE: UNIONBANK · 23 October 2026
- Union Bank of India (UNIONBANK) declined 2.16% on October 23, 2026, closing at Rs 178.90 after moving within a day's range of Rs 177.66 and Rs 183.59.
- Union Bank of India announced its financial results for the quarter ended September 30, 2026, reporting a net profit of Rs 5,537 crores and an interest income of Rs 28,158 crores. Global business expanded 12.01% year-on-year to reach Rs 24,75,330 crores, while gross NPAs improved by 87 basis points year-on-year to 2.42%.
- Trading volume was 0.86 times the 20-day average daily volume.
Why is Union Bank Of India share price falling on 23 October 2026?
Union Bank of India (UNIONBANK) declined 2.16% on October 23, 2026, closing at Rs 178.90 after moving within a day's range of Rs 177.66 and Rs 183.59.
The broader market exhibited mild weakness, with the Nifty falling 0.39%. Union Bank's pullback followed a 3.60% gain over the preceding five trading days, suggesting some profit-taking after recent upward momentum.
The move comes against the backdrop of the bank's financial results for the quarter ended September 30, 2026, released on October 19, 2026, where it reported a net profit of Rs 5,537 crores and gross NPAs improving to 2.42%. While these fundamental updates continue to provide broader context for institutional evaluation, today's downward price action appears driven by routine position adjustment rather than a direct same-day catalyst.
1.22 crore shares traded by 23 October 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 1.42 crore shares (0.86 times). The five-day average daily volume was 2.57 crore shares. Separately, the NSE report for 23 October 2026 showed 64.27 lakh shares delivered, representing 52.59% of that day’s traded volume. The same report recorded 58,487 trades.
The stock declined 2.16% following a 3.60% gain over the preceding five trading days, pointing towards normal profit-taking and technical consolidation in the absence of any fresh negative catalysts.
Latest Company Developments
Union Bank of India announced its financial results for the quarter ended September 30, 2026, reporting a net profit of Rs 5,537 crores and an interest income of Rs 28,158 crores. Global business expanded 12.01% year-on-year to reach Rs 24,75,330 crores, while gross NPAs improved by 87 basis points year-on-year to 2.42%.
It establishes the bank's core profitability, asset quality trends, and credit growth trajectory across retail, agriculture, and MSME segments.
CARE Ratings reviewed and reaffirmed Tier-2 bonds and infrastructure bonds at CARE AAA with a Stable outlook, while formally withdrawing the rating on specific Additional Tier-1 bonds following their redemption.
It reflects the underlying credit stability of the bank's long-term borrowing instruments.
a press release dated October 19, 2026, titled "Press Release on the Financial Results of the Bank for the Quarter ended on September 30, 2026".
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 5.43% on 30 September 2026. This compares with 4.73% on 30 June 2026, a change of +0.70 percentage points.
The filing reported 46 MF/UTI holders.
Research & Brokerage Views
Maintained a positive stance with a target price of Rs 230 following the recent earnings disclosures.
Adopted a neutral view with a target of Rs 200, balancing valuation against operational performance.
Issued a Buy rating with a target price of Rs 221 based on asset quality improvements and loan growth.
Recommended an Accumulate rating with a target price of Rs 200 in light of quarterly earnings.
What to Watch Next
- Sustainability of delivery volumes above the 50% threshold near current price levels
- Credit growth momentum in RAM (Retail, Agriculture, and MSME) segments
- Movement in Gross and Net NPA ratios in subsequent quarterly disclosures
- Brokerage target adjustments following recent Q2 FY27 earnings commentary
Other Dated Coverage
- Union Bank Of India Share Price Today: Why UNIONBANK Is Rising 1.05% | 21 October 2026 — 21 October 2026
- Union Bank Of India Share Price Today: Why UNIONBANK Is Rising 5.55% | 19 October 2026 — 19 October 2026
- Union Bank Of India Share Price Today: Why UNIONBANK Is Falling 3.21% | 15 October 2026 — 15 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 announced its financial results for the quarter ended September 30, 2026, reporting a net profit of Rs 5,537 crores and an interest income of Rs 28,158 crores. Global business expanded 12.01% year-on-year to reach Rs 24,75,330 crores, while gross NPAs improved by 87 basis points year-on-year to 2.42%.
How strong was Union Bank Of India’s trading volume?
1.22 crore shares traded, 0.86 times the 20-day average daily volume. The price and volume data are dated 23 October 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 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.