Union Bank of India Reports 6.6% Increase in Q4 Net Profit, Declares ₹5 Dividend
Union Bank of India Q4 Results: Net profit jumps 6.6% YoY to ₹5,316 crore; ₹5 dividend declared
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Union Bank of India reported a 6.6% year-on-year increase in standalone net profit for Q4 FY26, reaching ₹5,316 crore. The bank also declared a dividend of ₹5 per equity share, pending shareholder approval at the upcoming Annual General Meeting.
- 01Net profit rose to ₹5,316 crore in Q4 FY26, up 6.6% YoY.
- 02Net interest income declined by 1.1% YoY to ₹9,406 crore.
- 03Gross NPAs decreased to 2.82% from 3.60% YoY.
- 04Net NPAs improved to 0.48% compared to 0.63% YoY.
- 05A dividend of ₹5 per share has been declared, subject to AGM approval.
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Union Bank of India, a public sector lender, announced a 6.6% year-on-year increase in its standalone net profit for the fourth quarter of the financial year 2025-26 (FY26), amounting to ₹5,316 crore compared to ₹4,985 crore in the same quarter last year. Sequentially, net profit rose by 5.95% from ₹5,017 crore in the previous quarter. However, the bank's net interest income (NII) saw a decline of 1.1% year-on-year, totaling ₹9,406 crore. The bank reported a significant improvement in its asset quality, with gross non-performing assets (NPAs) decreasing to 2.82%, down from 3.60% a year earlier, and net NPAs at 0.48%, compared to 0.63% last year. Additionally, the bank's board declared a dividend of ₹5 per equity share, pending approval at its upcoming Annual General Meeting (AGM). The date for the AGM will be announced later.
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The increase in net profit and improved asset quality may lead to enhanced investor confidence in Union Bank of India, potentially benefiting shareholders through dividends.
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