Solid Business Numbers, Weak Market Reaction: Union Bank Under Pressure.

$UNIONBANK reported steady growth in its quarterly business update. Total global business rose 7.47% YoY to ₹23.79 lakh crore, while global deposits increased 3.5% to ₹12.83 lakh crore. Global advances showed strong traction, growing 12.50% to ₹10.96 lakh crore. On the domestic front, total business increased 7.64% to ₹23.43 lakh crore, with deposits up 3.49% and advances surging 13.11%, reflecting healthy credit demand. Despite the strong operational performance, the stock is under pressure and is down over 6.5% intraday today (Friday, July 3, 2026), indicating profit booking or broader market weakness. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only. Investors must verify information before investing and consider their financial position & risk profile.