North India Statesman
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New Delhi: When trading begins in the stock market on Monday, April 6, investors will keep a keen eye on two giants of the banking sector – Bank of Baroda (BoB) and Union Bank of India (UBI).) But is going to stay. The market is going to open after the long holiday of Good Friday and both these public sector banks had presented explosive provisional business updates for their March 2025 quarter on Thursday, April 2. The boom seen in the business of these two banks in the last quarter of the last financial year can play a big role in deciding the movement of their shares on Monday. In terms of data, this quarter has been very encouraging for both the banks, which has indicated that new life will be breathed into the banking index in the coming times.
Race for business growth: Bank of Baroda wins?
If we look at the business update of March quarter Bank of Baroda The total global business of India has crossed the level of ₹30.78 lakh crore with an impressive growth of 13.93% on an annual basis. compared to Union Bank Its total global business stood at ₹23.85 lakh crore with a growth of 5.79%. Bank of Baroda also seems to have the upper hand in terms of deposits, whose global deposits increased by 12% to reach ₹16.48 lakh crore, while Union Bank’s deposits saw a marginal increase of 2.72% and stood at ₹13.06 lakh crore. Even in the case of domestic deposits, Bank of Baroda has proved its strength by registering double digit growth of 12.83%.
Government banks also remain ahead in distributing loans: Huge jump in advances
Bank of Baroda has also performed aggressively on the front of advances, the main source of income of banks. The bank’s global advances jumped 16.2% to ₹14.3 lakh crore in the March quarter, of which domestic advances contributed ₹11.69 lakh crore. At the same time, Union Bank of India has also registered a healthy growth of 9.76% on the advances front and its total loan disbursement has reached ₹10.78 lakh crore. These loan growth figures show that despite the slowdown in the market, credit demand remains strong, the direct benefit of which is expected to be visible on the balance sheets of these PSU banks.
Condition of shares: How far below the record high are these giants?
Even though there has been a slight decline in the recent market, during the March quarter the shares of these two banks had given a chance to their investors to dance. Shares of Bank of Baroda will close at ₹325.55 on 26 February 2026. all-time high However, it is currently trading around ₹249.75. On the other hand, shares of Union Bank also touched a 9-year record high of ₹205.45 on February 27, 2026 in the same quarter. Compared to the lows of last one year, these stocks have given multibagger returns. When the market opens on Monday, it will be interesting to see whether investors buy on these provisional figures or adopt a profit-booking stance.
Market Mood: Will there be pressure on Nifty and Bank Nifty?
The last quarter of the financial year 2026 has been full of ups and downs for the stock market. Nifty 50 and Bank Nifty had touched record peaks of 26,373.20 and 61,764.85 in the month of January and February respectively, but since then the market has seen a decline of about 14-15%. Currently Nifty is struggling around 22,700 and Bank Nifty is around 51,500. The possible rise in banking stocks on Monday may support the entire Bank Nifty index. Investors are advised to keep a close eye on the volume and price action of these two banks at the time of market opening on April 6.
