Union Bank of India reported a 7% decline in net profit for the fourth quarter, amounting to ₹5,316 crore compared to ₹4,985 crore in the same period last year. The bank's net interest income also slipped by 1.1% to ₹9,406 crore. A significant rise in provisions was noted, jumping to ₹1,055 crore from ₹322 crore in the previous quarter, indicating a cautious approach to potential loan defaults. Despite these challenges, the bank's asset quality showed improvement, with gross non-performing assets (NPA) declining to 2.82% from 3.06% in the previous quarter and 3.60% a year ago. Additionally, global advances rose nearly 10% year-on-year to ₹10.78 lakh crore, while global deposits increased by 2.7% to ₹13.06 lakh crore. The bank's board has proposed a dividend of ₹5 per equity share for the financial year 2025-26, pending shareholder approval at the upcoming Annual General Meeting. Following the announcement, Union Bank shares dropped by 7.2% to a low of ₹180 on the Bombay Stock Exchange, although they have seen a 28% increase over the past six months.