Union Bank of India has released its unaudited financial results for the quarter ending 30th September 2026, showcasing a significant improvement in its financial performance. The bank reported a standalone net profit of ₹5,537 crore for the second quarter of the financial year 2027, reflecting a 3.84% increase from the previous quarter. The bank’s interest income also witnessed a rise, amounting to ₹28,158 crore during the same period.
The bank’s total business grew by 12.01% year-on-year, reaching ₹24,75,330 crore as of 30th September 2026. This growth was driven by an 18.53% increase in total advances and a 6.87% rise in total deposits. The bank’s deposit base stood at ₹13,19,455 crore, while the retail, agriculture, and MSME (RAM) sectors experienced a 14.65% increase year-on-year. Notably, the MSME advances surged by 22.39%, and retail advances grew by 11.24%.
Union Bank of India also reported a reduction in its non-performing assets (NPAs). The gross NPA ratio decreased by 87 basis points year-on-year to 2.42%, while the net NPA ratio fell by 13 basis points to 0.42%. The bank’s capital adequacy ratio (CAR) stood at a healthy 17.94%, with the Common Equity Tier 1 (CET-1) ratio improving to 16.05% as of 30th September 2026.
The bank’s operating performance was further strengthened by a 15.03% increase in net interest income, which reached ₹10,583 crore. The return on assets (ROA) and return on equity (ROE) were reported at 1.38% and 17.21%, respectively, indicating robust profitability. Analysts view these results as a positive indicator of Union Bank of India’s financial health and its ability to sustain growth in a competitive banking environment. The reduction in NPAs and strong capital position are expected to bolster the bank’s future growth prospects.
