Union Bank of India reported a net profit of ₹5,537 crore for the quarter ended September 2026, a 30% rise from ₹4,249 crore in the same period last year. The increase was driven by a 50% drop in provisions and contingencies, which fell to ₹700.75 crore from ₹1,397 crore. However, provisions for non‑performing assets rose to ₹596 crore from ₹526 crore.

Net interest income, the difference between interest earned on loans and paid on deposits, rose 20% to ₹10,583 crore from ₹8,812 crore in the year‑ago period. The net interest margin increased by 19 basis points to 2.86%. These figures reflect a stronger earnings profile amid rising advances and stable deposit growth.

Gross non‑performing assets as a percentage of total advances fell to 2.42%, down from 3.29% in the same period last year. In absolute terms, gross NPA stood at ₹27,916.21 crore versus ₹32,085.13 crore previously. The decline indicates an improvement in the bank’s asset quality over the quarter.

Total business grew 12.01% year‑on‑year to ₹24,75,330 crore, with gross advances up 18.53% and total deposits rising 6.87%. Total deposits reached ₹13,19,455 crore, while retail, agri and MSME (RAM) loans increased 14.65% YoY, including 11.24% growth in retail loans and 22.39% in MSME loans. RAM advances represented 57.47% of domestic loans.

The bank operates 8,713 branches, 8,815 ATMs and 28,654 banking correspondent points. Return on assets and return on equity were 1.38% and 17.21% respectively in Q2FY2. Shares have advanced 11% this year; intraday trading saw a 4.4% rise to ₹179, outperforming the NIFTY50 index which fell 1%.