Union Bank of India Q4 business update: Global advances grow 9% to nearly ₹10 lakh crore

State-owned Union Bank of India reported its fourth quarter business update for the 2024-25 fiscal year (Q4FY25) in a regulatory filing dated Friday, April 4.

The public sector bank said its global gross advances grew 8.62% year-on-year (YoY) to ₹9.82 lakh crore during the March 2025 quarter, compared to ₹9.05 lakh crore in the corresponding period last year.

Union Bank’s total global business stood at ₹22.93 lakh crore in the quarter ended March 31, 2025, surging 7.82% YoY from ₹21.62 lakh crore in Q4FY24. It was up 5.86% QoQ from ₹21.66 lakh crore in the December quarter of FY25.

The lender reported a 7.22% YoY rise in total deposits to ₹13.09 lakh crore in Q4FY25 as against ₹12.21 lakh crore at the end of the fourth quarter of FY24. On a sequential basis, total deposits surged 7.66% from ₹12.17 lakh crore.

In a separate regulatory filing, the bank said its promoter, the President of India, held 570.66 crore equity shares, amounting to a 74.76% stake in Union Bank of India.

Union Bank of India share performance

Shares of Union Bank of India closed in the red at ₹122.11 apiece, down 6.99% on the National Stock Exchange (NSE) on Friday.

The stock lost 3.23% over the past five days but surged 12.56% in March. The scrip gained 1.45% on a year-to-date basis.

The state-owned bank hit a 52-week low of ₹100.81 on January 13, 2025, and a high of ₹172.50 on June 3, 2024.

Union Bank of India has a total market capitalisation of ₹93,511.67 crore as of April 5, 2025, on the NSE.