{
  "id": 15578362,
  "title": "Union Bank Of India Reports 30.63% Rise In Q2 Net Profit To ₹5,781 Crore, Gross NPA Ratio Improves To 2.42% As Asset Quality Strengthens",
  "url": "https://urgent.news/2026/10/19/union-bank-of-india-reports-30-63-rise-in-q2-net-profit-to-5-781",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T06:52:13.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/union-bank-of-india-reports-3063-rise-in-q2-net-profit-to-5781-crore-gross-npa-ratio-improves-to-242-as-asset-quality-strengthens"
  },
  "original_language": "en",
  "account": "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.\n\nThe 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.\n\nUnion 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.",
  "summary": "Mumbai: Union Bank of India reported on October 19, 2026, a consolidated net profit of ₹5,781.00 crore for the quarter ended September 30, 2026. This marks a 30.63 per cent increase compared to ₹4,425.95 crore in the corresponding quarter of the previous fiscal year. Revenue Growth The bank's total consolidated income for the quarter stood at ₹33,471.29 crore, an increase from ₹31,755.44 crore…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Business Standard IN",
        "title": "Union Bank Q2 profit rises 31% to ₹5,781 crore as NII grows 20% Y-o-Y",
        "url": "https://urgent.news/2026/10/19/union-bank-q2-profit-rises-31-to-5-781-crore-as-nii-grows-20-y-o-y",
        "published": "2026-10-19T06:54:21.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}