'Union Bank of India conducted a conference call on 19 July 2025 to discuss the financial results for the quarter ended June 2025. Sanjay Rudra. ED of the bank addressed the call:

Highlights:

The bank has witnessed moderation in the deposit growth due to conscious call to reduce bulk deposits. The bank has reduced bulk deposits by 6% in Q1FY26. The bank has also reclassified deposits in foreign branches.

The growth in the retail loan book is driven by increase in gold loan disbursements. The gold loan book has increased to Rs 84000 crore from Rs 78000 crore a year ago.

The bank is targeting double digit growth in the retail, agriculture and MSME (RAM) loan book.

The RAM loan book grew 10% yoy with strong 18% growth in the MSME loan book and retail loan book jumped 25%.

On loan book mix, about 48% of the loan book is linked to EBLR, 42% to MCLR and 10% is other.

The bank has contained credit and deposits growth to reduce pressure on margi...

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