Union Bank of India has announced its financial results for the quarter ended September 30, 2026. The bank reported a net profit of ₹5,537 crore, a substantial increase driven by growth in net interest income and a reduction in NPAs. Total business also saw a healthy year-on-year increase, with advances and deposits showing strong momentum.
Union Bank of India Reports Strong Q2 FY27 Financials
Union Bank of India’s Board of Directors has approved the financial results for the quarter and half-year ended September 30, 2026. The bank showcased robust performance, with its net profit for the second quarter of FY27 (Q2FY27) reaching ₹5,537 crore. This marks a significant increase, reflecting healthy business growth and improved operational efficiencies.
Key Financial Highlights
Financial Performance
The bank’s net profit for Q2FY27 stood at ₹5,537 crore. Interest income for the quarter was reported at ₹28,158 crore. For the half-year ended September 30, 2026, the net profit was ₹10,870 crore, demonstrating sustained profitability.
Business Growth
Total business of the bank witnessed a substantial year-on-year (YoY) growth of 12.01%. Gross advances increased by 18.53% YoY, while total deposits grew by 6.87% YoY. As of September 30, 2026, the bank’s total business stood at ₹24,75,330 crore.
Deposit Growth
Global deposits have seen a 6.87% YoY increase. The bank’s total deposit base reached ₹13,19,455 crore as of September 30, 2026.
Segment-wise Advances
The Retail, Agri, and MSME (RAM) segments collectively grew by 14.65% YoY. Within RAM, Retail advances grew by 11.24% and MSME advances by 22.39% YoY. RAM advances constitute 57.47% of domestic advances.
Asset Quality Improvement
The bank has demonstrated an improvement in its asset quality. Gross Non-Performing Assets (NPA) reduced by 87 basis points (bps) YoY to 2.42%. Net NPA also saw a reduction of 13 bps YoY, settling at 0.42% as on September 30, 2026.
Capital Ratios
Capital Adequacy Ratio (CRAR) stood strong at 17.94% as of September 30, 2026. The CET-1 ratio improved from 14.37% (September 30, 2025) to 16.05% as of September 30, 2026, indicating robust capital buffers.
Returns
The Return on Assets (ROA) for Q2FY27 was 1.38%, and the Return on Equity (ROE) was 17.21%.
Network and Financial Inclusion Initiatives
Union Bank of India operates an extensive network of 8713 branches (including foreign branches) and 8815 ATMs. The bank is actively involved in government-backed financial inclusion schemes like PMJJBY, PMSBY, PMJDY, and APY, contributing to societal financial well-being. The bank has also reported progress in initiatives like the Union Nari Shakti Scheme for Women Entrepreneurs and Green initiatives.
Source: BSE
