Union Bank of India Net Profit Rises 30% in Q2

Union Bank of India reported a 30% year-on-year increase in standalone net profit for the second quarter ended September 30, 2026, reaching ₹5,537 crore. The bank's net interest income rose 20.1% to ₹10,582.7 crore, while its net interest margin improved to 2.86%.

Asset quality showed significant improvement as gross non-performing assets fell 13% to ₹27,916 crore. This reduced the gross NPA ratio to 2.4% from 3.29% a year earlier, while net NPA decreased to 0.42%. The profit boost was further supported by a reduction in provisions, which dropped to ₹700 crore from ₹1,396.7 crore in the same period last year.

Total deposits grew 6.87% to ₹13.19 lakh crore, and gross advances increased 18.53% to ₹11.56 lakh crore. Growth in advances was driven largely by the Retail, Agri, and MSME segment, which grew 14.65% year-on-year.