Union Bank of India posts 30% jump in Q2 profit, shares surge 4.7%

On October 19, 2026, Union Bank of India announced a significant boost to its net profit for the quarter ending September 30, 2026. Net profit rose by 30.63 percent to ₹5,781 crore, compared to ₹4,425.95 crore in the equivalent quarter a year earlier. Revenue also climbed, hitting ₹33,471.29 crore for the quarter, up from ₹31,755.44 crore in the previous year. Year-to-date, the bank's total income reached ₹66,131.53 crore, an increase from ₹63,723.06 crore in the same period last year.

The bank's expenses for the quarter were ₹25,320.33 crore, a slight rise from ₹24,910.65 crore in the previous quarter. Provision and contingencies, excluding tax, decreased to ₹702.19 crore from ₹1,392.28 crore during the same period last year. For the half year ending September 30, 2026, the bank's net profit grew to ₹11,422.52 crore, up from ₹8,853.90 crore in the previous half-year. Total expenses for the half year amounted to ₹49,940.32 crore, an increase from the previous half-year's ₹49,942.31 crore.

Union Bank of India's gross non-performing assets (NPAs) stood at ₹27,916.21 crore as of September 30, 2026, down from ₹32,085.13 crore reported on September 30, 2025. The percentage of gross NPAs decreased to 2.42 percent, compared to 3.29 percent a year earlier. The bank's Capital Adequacy Ratio (Basel III) as of September 30, 2026, was 18.61 percent, an increase from 17.70 percent reported a year ago. The CET 1 Ratio was 16.72 percent, up from 15.01 percent in the same period.