Union Bank of India Ratings Reaffirmed at AAA; CD Programme Raised to ₹45,000 Crore Mumbai, March 27, 2026: Union Bank of India has announced that ICRA Ratings has reaffirmed the bank’s highest credit ratings across multiple debt instruments, while also increasing the rated amount for its Certificates of Deposit (CD) programme from ₹35,000 crore to ₹45,000 crore. The update was disclosed under SEBI Listing Regulations, highlighting the bank’s strong financial profile, stable outlook, and solid liquidity position. ICRA has reaffirmed the credit ratings for several of Union Bank’s debt instruments. The agency has assigned the following ratings: Infrastructure Bonds: ₹10,000 crore — AAA (Stable) Basel III Tier-II Bonds: ₹5,200 crore — AAA (Stable) Certificates of Deposit: ₹45,000 crore — A1+ (Enhanced from ₹35,000 crore) The total rated amount now stands at ₹60,200 crore. ICRA’s decision underscores the bank’s robust financial standing as the fifth-largest public sector bank in India. The agency cited the bank’s ~5% market share in net advances, ~5.1% share in total deposits, and majority government ownership (74.76%) as key factors contributing to the stable outlook. The ratings reflect Union Bank’s healthy profitability and capital buffers, as well as improvements in asset quality and a reduction in fresh non-performing assets (NPAs). ICRA also highlighted the bank’s strong liquidity position, supported by a large retail deposit base. Union Bank reported strong financial performance in the first nine months of FY26, with a net profit of ₹13,381 crore. The bank’s Return on Assets (ROA) stood at 1.20%, while its Capital Adequacy Ratio (CAR) was 16.49%, and its Common Equity Tier-1 (CET-1) Ratio was 13.94%.#capital_adequacy_ratio #union_bank_of_india #icra_ratings #sebi_listing_regulations #certificates_of_deposit
