Union Bank of India has announced its audited financial results for the quarter and year ended March 31, 2026. The bank achieved a strong net profit of ₹18,697 crore for the fiscal year, supported by significant business growth and an improvement in asset quality. The Board of Directors has recommended a dividend of ₹5.00 per equity share, reflecting robust performance across key operational segments.
Key Financial Milestones
During the fiscal year 2026, Union Bank of India recorded an interest income of ₹1,05,992 crore. The bank’s total business witnessed a steady growth of 5.78% year-on-year, reaching a total base of ₹23,85,502 crore as of March 31, 2026. This growth was balanced by a 2.72% year-on-year increase in total deposits, which stood at ₹13,06,891 crore.
Segmental Performance and Asset Quality
The bank’s Retail, Agri, and MSME (RAM) segments performed well, collectively growing by 12.56% year-on-year. Specifically, Retail advances rose by 16.75%, while MSME advances surged by 18.75%. RAM advances now account for 57.49% of the bank’s domestic advances. Asset quality also saw notable improvements, with the Gross NPA ratio declining by 78 basis points to 2.82%, and the Net NPA ratio reducing by 15 basis points to 0.48%.
Capital Strength and Financial Ratios
The bank remains well-capitalized with a Capital to Risk-Weighted Assets Ratio (CRAR) of 18.10%. The Common Equity Tier 1 (CET-1) ratio improved to 15.69% compared to 14.98% in the previous year. Additionally, the bank reported a Return on Assets (RoA) of 1.25% and a Return on Equity (RoE) of 15.86% for FY26, underscoring efficient capital utilization.
Commitment to Financial Inclusion
Union Bank of India continues to drive financial inclusion through government-backed schemes. By March 31, 2026, the bank facilitated 3.40 crore accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY) with deposits totaling ₹15,964 crore. Furthermore, the bank has demonstrated its focus on sustainability by sanctioning ₹33,572 crore for renewable energy projects and ₹2,084 crore for green vehicles.
Source: BSE
