Announced Thu, 30 Apr · 24:01 IST
Union Bank clarifies media report on deposit variation, says no material impact
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UNIONBANK · price
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Price reaction · full curve 14 horizons · vs prior close
-1.9%1-day move
₹167.18
prior close
₹165.00
base price
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AI summary
Union Bank clarified a media report on deposit variation, stating it was based on an unverified letter with factual inaccuracies. The Bank noted auditors issued unmodified audit reports affirming true and fair view. Average total deposits rose from ₹12,12,728 Cr (Q1 FY26) to ₹12,65,339 Cr (Apr 28, 2026), and average CASA grew from ₹3,84,023 Cr to ₹4,38,169 Cr. Post year-end dip in total deposits is normal industry trend. No material impact on financials.
Likely market impact
Bank refutes baseless media report; deposit averages show consistent growth. No material impact on financials or operations.