Union Bank of India Q3 Profit Rises; Mixed Analyst Ratings and Target Prices

Union Bank of India reported a 9% year-on-year rise in Q3FY26 profit at INR50.2 billion, driven by net interest margin expansion and lower provisions. Loan growth was steady at 7.7% YoY, with improved asset quality and reduced slippages. While Motilal Oswal maintains a Neutral rating with a target price of INR180, Emkay Global Financial recommends a Reduce rating with a target of INR160, citing sub-par credit growth and challenges in core deposit expansion despite earnings upgrades.