Union Bank slips as sequential decline in deposits, CASA overshadows healthy loan growth
Mumbai, July 3 -- The update showed a sequential decline in deposits and CASA balances despite healthy growth in advances.
Total gross advances rose 1.64% QoQ and 12.50% YoY to Rs 10,96,331 crore. Domestic advances increased 1.94% QoQ and 13.11% YoY to Rs 10,61,128 crore, while Retail, Agriculture and MSME (RAM) advances grew 1.61% QoQ and 11.56% YoY to Rs 6,08,095 crore.
Total deposits increased 3.50% YoY but declined 1.80% QoQ to Rs 12,83,365 crore. Domestic deposits rose 3.49% YoY and fell 1.80% QoQ to Rs 12,82,770 crore. Domestic CASA deposits climbed 11.72% YoY but slipped 2.12% QoQ to Rs 4,50,220 crore. The CASA ratio edged down to 35.10% from 35.21% in the March 2026 quarter, but improved from 32.51% a year earlier.
The domestic...
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