Announced Thu, 8 Oct, 2026 · 12:28 IST
CARE reaffirms Union Bank AAA rating, withdraws perpetual bond
UNIONBANK · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹172.99
prior close
₹172.60
base price
In-mkt
timing
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AI summary
CARE Ratings reaffirmed AAA Stable rating on Union Bank's Tier-2 Bonds (Rs 2,200 crore) and Infrastructure Bonds (Rs 10,000 crore). The Additional Tier-1 Perpetual Bond rating was withdrawn after the bank redeemed it by exercising the call option. Stable outlook reflects steady advances and deposits growth with healthy profitability. GNPA improved to 2.82 percent and NNPA to 0.48 percent in FY26. PAT rose to Rs 18,697 crore from Rs 17,987 crore. GOI holds 74.76 percent stake.
Likely market impact
AAA reaffirmed confirms strong credit quality. Perpetual bond redemption via call option is routine. Supports investor confidence.