Union Bank of India announced strong financial results for the quarter ended March 31, 2026. The bank reported a net profit of ₹5,316 crore, reflecting continued operational efficiency and growth. Key metrics highlight a resilient performance with 9.74% YoY growth in advances and an improved asset quality, as the Gross NPA ratio dropped to 2.82%. The bank’s commitment to sustainable development and digital transformation remains a core driver of its current trajectory.
Financial Performance Overview
For the fourth quarter of the 2026 fiscal year, Union Bank of India achieved a net profit of ₹5,316 crore, up from ₹4,985 crore in the corresponding quarter of the previous year. Operating profit for the quarter stood at ₹7,955 crore, demonstrating consistent business growth. The bank maintained a strong capital position with a CRAR of 18.10% and a CET-I ratio of 15.69%.
Credit Growth and Asset Quality
The bank recorded a 9.74% year-on-year growth in global advances, supported by a 12.56% growth in the RAM (Retail, Agriculture, and MSME) segment. Retail advances reached ₹2.53 lakh crore, while Agri and MSME portfolios stood at ₹1.83 lakh crore and ₹1.62 lakh crore respectively. Asset quality saw significant improvement, with the Gross NPA ratio declining to 2.82% and the Net NPA ratio at 0.48%, reflecting effective credit management and resolution strategies.
Digital Transformation and ESG Initiatives
Union Bank continues to prioritize digital-first growth, with over 70 lakh users migrated to the new Union Ease App. Payment innovations, including the rollout of programmable digital rupee (e₹), have facilitated seamless subsidy disbursements and targeted spending. On the sustainability front, the bank holds an ESG rating of CARE 1+ and maintains a green finance portfolio of ₹37,435 crore, underscoring its long-term commitment to sustainable and inclusive banking practices.
Source: BSE
