Union Bank of India has reported strong financial results for the year ended March 31, 2026. The bank achieved a standalone net profit of ₹18,669 crore for the year, reflecting significant growth. The Board of Directors has recommended a dividend of ₹5 per equity share for the financial year 2025-26, subject to shareholder approval at the upcoming 24th Annual General Meeting.
Financial Performance Highlights
For the fiscal year ended March 31, 2026, Union Bank of India recorded a robust standalone net profit of ₹18,669 crore, compared to ₹17,987 crore in the previous year. On a consolidated basis, the net profit for the year reached ₹19,430 crore. The bank continues to maintain a healthy capital adequacy position, reporting a Capital Adequacy Ratio (Basel III) of 18.10% on a standalone basis.
Asset Quality and Dividends
The bank demonstrated disciplined asset management, with the Gross NPA ratio improving to 2.82% and the Net NPA ratio standing at 0.48% as of March 31, 2026. Recognizing the strong operational performance, the Board has recommended a dividend payout of ₹5 per equity share with a face value of ₹10 each for the financial year 2025-26.
Operational Milestones
The bank has successfully executed its growth strategy, including the issuance of long-term bonds for financing infrastructure and affordable housing worth ₹3,000 crore. Furthermore, the bank has maintained a high Provision Coverage Ratio of 95.03%, ensuring a resilient balance sheet. The financial results highlight the bank’s continued focus on digital banking expansion and diversified segment revenue, with significant contributions from both its treasury and retail banking operations.
Future Outlook
The results underscore the bank’s commitment to sustainable growth and shareholder value. With a stable asset quality profile and a strong capital base, the bank is well-positioned to navigate the evolving macroeconomic environment while continuing to support India’s credit needs across key sectors.
Source: BSE
