Union Bank of India Q3 Update | Gross advances rise 7.13%; RAM advances up 11.49%

State-owned Union Bank of India on Friday (January 2) released its provisional business update for the quarter ended December 31, 2025, reporting growth across advances and deposits.

The bank’s global gross

advances increased 7.13% year-on-year to ₹10,16,805 crore as of December 31, 2025, compared with ₹9,49,164 crore a year earlier. On a quarter-on-quarter basis, gross advances rose 4.27% from ₹9,75,207 crore reported on September 30.

Domestic advances grew 7.42% year-on-year to ₹9,80,643 crore in the December quarter, up from ₹9,12,927 crore last year. Sequentially, domestic advances increased 4.07% from ₹9,42,273 crore.

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RAM advances (loans given to retail, agriculture, and MSME sectors) on a domestic basis rose 11.49% year-on-year to ₹5,77,006 crore in the third quarter, compared with ₹5,17,533 crore in the year-ago period. On a quarter-on-quarter basis, RAM advances grew 4.10% from ₹5,54,306 crore.

Global deposits stood at ₹12,22,856 crore on December 31, registering a year-on-year increase of 3.36% from ₹11,83,065 crore. Global deposits declined 0.95% quarter-on-quarter from ₹12,34,621 crore in the second quarter of FY26.

Domestic deposits were reported at ₹12,22,260 crore on December 31, 2025, up 3.35% year-on-year from ₹11,82,622 crore, while declining 0.96% QoQ from ₹12,34,088 crore.

Domestic CASA deposits increased 4.99% year-on-year to ₹4,15,001 crore from ₹3,95,258 crore a year earlier. CASA deposits rose 3.28% sequentially from ₹4,01,809 crore. The CASA ratio improved to 33.95% as of December 31, 2025, from 33.42% a year earlier and 32.56% as of September 30, 2025.

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The domestic credit-deposit ratio, excluding bank deposits, rose to 80.94% in the December quarter, compared with 77.34% in December-end, 2024 and 77.01% in September-end.

Shares of Union Bank of India Ltd ended at ₹157, up by ₹3.42, or 2.23%, on the BSE today, January 2.