Union Bank Slips on Margin Woes

  Published 10 months ago

Union Bank shares drop after Q1 NII decline and margin pressure; brokerages cut ratings and earnings estimates.

  • Q1 net interest income fell 3.2% YoY; net interest margin contracted 11 bps sequentially, pressuring profitability.
  • Motilal Oswal downgraded to "neutral"; HDFC Securities cites weak loan and deposit growth trends.
  • Antique trims FY26–27 earnings forecasts; stock up 21.7% YTD, outpacing PSU bank index’s 8.8% gain.

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