Union Bank of India reported a net profit of ₹5,017 crores for the quarter ended December 31, 2025. The bank saw growth in its RAM sector, with retail, agriculture, and MSME sectors performing well. The bank is implementing early warning systems and strengthening credit collection. Management expects continued growth and improved performance in the coming quarters, aiming for industry-level growth.
Financial Performance Overview
Union Bank of India announced a net profit of ₹5,017 crores for Q3 2026. The interest income stood at ₹26,443 crores. Business growth reached 5.04%, with gross advances increasing by 7.13% and total deposits growing by 3.36%.
Strategic Initiatives and Asset Quality
The bank focused on shedding high-cost bulk deposits, contracting treasuries, and optimizing its portfolio. The NIM stood at 2.76%. 95% of the corporate book is rated ‘A’ and above. The bank is managing stress effectively, with GNPA and NPA at comfortable levels. Project MUSKAAN aims to streamline processes and strengthen risk mitigation.
Segment Performance and Growth
The RAM sector experienced robust growth, with a 11.50% increase in retail, 21.67% in retail , and 19.75% in agriculture. The bank’s CASA increased by 140 basis points quarter-over-quarter.
Technology and Digital Transformation
Union Bank is leveraging technology to improve customer convenience. It has a capital budget of approximately ₹1,600 crores for technology. The bank is implementing Phase-II of the resilient center of excellence and has established a cybersecurity center. 80% of liabilities and accounts are opened using digital means.
Future Outlook
Management expects continued improvements and aims for industry-level growth, focusing on quality assets and maintaining a comfortable capital position.
Source: BSE
