Union Bank of India has announced its financial results for the quarter ending March 31, 2026, revealing a net profit of ₹5,316 crore. This marks an increase from the ₹4,985 crore net profit reported in the corresponding quarter of the previous year.
The bank’s operating profit for the quarter stood at ₹7,955 crore, compared to ₹7,700 crore in the same period last year. For the full financial year ending March 2026, Union Bank of India reported an operating profit of ₹28,620 crore and a net profit of ₹18,697 crore.
The bank’s deposits grew by 2.72% year-on-year, while advances saw a significant increase of 9.74% year-on-year. The growth in Retail, Agriculture, and MSME (RAM) advances was recorded at 12.56% year-on-year.
Union Bank of India also reported improvements in its asset quality, with the Gross Non-Performing Assets (GNPA) ratio at 2.82% and the Net Non-Performing Assets (NNPA) ratio at 0.48%. The Provision Coverage Ratio (PCR) improved to 95.03%.
The bank’s Capital Adequacy Ratio (CRAR) was reported at 18.10%, with a Common Equity Tier 1 (CET-I) ratio of 15.69%.
In terms of profitability metrics, the bank’s Return on Assets (RoA) was 1.36%, and Return on Equity (RoE) was 18.04%. The Net Interest Income (NII) for the quarter was ₹9,406 crore, with a Net Interest Margin (NIM) of 2.64%.
Union Bank of India continues to expand its branch network, with a total of 8,697 branches and 8,656 ATMs across the country.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).