Whole earnings rose to Rs 31,791 crore within the June quarter from Rs 30,874 crore a yr in the past. Nevertheless, web curiosity earnings (NII) declined 3.2% year-on-year to Rs 9,112.6 crore from Rs 9,412 crore.
The financial institution’s complete enterprise grew by 5% to Rs 22.14 lakh crore, up from Rs 21.08 lakh crore on the finish of June 2024.
Provisions and contingencies elevated to Rs 1,664.5 crore in Q1 FY26 from Rs 1,543.9 crore within the March quarter. Provisions for non-performing property (NPAs), nevertheless, fell to Rs 1,152 crore from Rs 1,675.7 crore in This fall FY25.
Final month, the lender diminished its lending charges by 50 foundation factors, aligning with broader moderation by the Reserve Financial institution of India. The revision coated each the exterior benchmark lending charge (EBLR) and the repo-linked lending charge (RLLR), benefiting retail and MSME debtors.
Union Financial institution share worth goal
In line with Trendlyne, the typical goal worth for Union Financial institution shares is Rs 152, implying a possible upside of almost 7% from present ranges. Of the 13 analysts monitoring the inventory, the consensus ranking is ‘Purchase’.
Technically, the inventory is in a impartial pattern. The Relative Energy Index (RSI) stands at 49.1, indicating balanced momentum. The MACD is at 1, above the middle line however beneath the sign line.
Yr-to-date, Union Financial institution shares have gained 15%, and are up 30% over the previous six months. The financial institution’s market capitalisation at the moment stands at Rs 1.08 lakh crore.
(Disclaimer: Suggestions, ideas, views and opinions given by the specialists are their very own. These don’t symbolize the views of the Financial Instances)
