Union Bank of India net profit jumps 11.87%

Union Bank of India reported 11.87% year-on-year growth in net profit for Q1FY26, with interest income rising 3.53%.

Total business expanded 5.01% to ₹22,14,422 crores, driven by 6.83% growth in advances and 3.63% increase in deposits. RAM segment advances grew 10.34%.

Asset quality improved significantly, with gross NPAs falling 102 basis points to 3.52% and net NPAs declining 28 basis points to 0.62%. Capital adequacy ratio strengthened to 18.30%.