Union Bank of India Reports 6.6% Increase in Q4 Profit Amid Declining Income
Union Bank of India Q4 results: Profit rises 6.6% to ₹5,316 crore
Business Standard
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Union Bank of India, a state-owned bank in India, reported a 6.64% increase in standalone profit after tax to ₹5,316 crore for the quarter ending March 2026. Despite a decline in net interest income and total income, the bank improved its asset quality with a reduction in non-performing assets.
- 01Profit after tax rose by 6.64% to ₹5,316 crore.
- 02Net interest income decreased by 1.14% to ₹9,406 crore.
- 03Total income fell to ₹31,851.15 crore from ₹32,752.67 crore.
- 04Gross non-performing assets improved to 2.82% from 3.6% year-on-year.
- 05A dividend of ₹5 per equity share has been recommended, pending shareholder approval.
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Union Bank of India reported a 6.64% increase in standalone profit after tax, reaching ₹5,316 crore for the quarter ending March 2026, up from ₹4,985 crore in the same period last year. However, the bank's net interest income (NII) saw a decline of 1.14%, totaling ₹9,406 crore. Total income also dropped to ₹31,851.15 crore compared to ₹32,752.67 crore in the previous year. On a positive note, the bank's asset quality improved, with Gross Non-Performing Assets (GNPAs) decreasing to 2.82% from 3.6% year-on-year, and Net Non-Performing Assets (NPAs) easing to 0.48% from 0.63%. The bank's board has recommended a dividend of ₹5 per equity share, pending approval from shareholders. Following the announcement, Union Bank's shares fell by 6.42% to ₹182.2 on the Bombay Stock Exchange.
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The improved asset quality may enhance investor confidence, potentially stabilizing Union Bank's stock performance and benefiting shareholders.
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