Union Bank Share Price Falls 7% After Q1 Business Update; Here's What Happened

Union Bank of India share price (NSE: UNIONBANK )came under selling pressure on July 3 2026, after the bank released its business update for the June quarter. Investors reacted to lower-than-expected loan growth, leading to a sharp decline in the stock despite healthy year-on-year business growth. 

Union Bank Share Price Decline After Q1 Update 

Union Bank of India shares fell more than 7% during Friday's intraday trade, touching a low of ₹161.60 on the NSE. The stock later recovered some losses but continued to trade lower. 

Over the past week, the stock has declined around 6.5%. However, it has still gained about 6.3% so far in 2026. The stock had touched a 52-week high of ₹205.49 on February 27 2026 and a 52-week low of ₹124.64 on August 29 2025. 

What Did the Q1 Business Update Show? 

Union Bank reported gross advances of ₹9.74 lakh crore for the quarter ended June 2026, reflecting 12.5% year-on-year growth. 

However, the reported figure was lower than the bank's earlier provisional estimate of ₹10.96 lakh crore, which disappointed investors. 

The bank also reported: 

• Domestic advances: ₹9.38 lakh crore, up 13.11% year-on-year
• Domestic CASA deposits: ₹4.03 lakh crore, up 11.7% year-on-year  

About Union Bank of India  

Union Bank of India is a public sector bank that offers a wide range of financial services. Its business includes retail and corporate banking, government banking services, merchant banking, agency services, insurance distribution, mutual funds, wealth management, and other financial solutions. 

Read More: Varun Beverages Share Price in Focus; Announces Merger of Subsidiaries Bevco and Twizza! 

Conclusion 

Union Bank shares fell sharply after investors reacted to lower-than-expected gross advances in its Q1 FY27 business update.  

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