Press Release on the Financial Results of the Bank for the Quarter ended on June 30, 2026.
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 15 Jul 2026, 12:48 PM IST · BSE ID: e6047eeb-44ca-4dd5-a250-04c8a40cb276
View Original BSE Filing (PDF)
💡
In Simple Terms
Union Bank of India reported higher profits and business growth in Q1 FY27, with improved asset quality and strong capital.
🤖 AI Summary
- Union Bank of India's Net Profit for Q1 FY27 stood at ₹ 5,332 Crore, up 29.57% year-on-year.
- Total Business increased by 7.46% YoY to ₹ 23,79,697 Crore as on June 30, 2026.
- Gross Advances grew by 12.50% YoY, reaching ₹ 10,96,331 Crore as on June 30, 2026.
- Gross NPA reduced by 87 bps YoY to 2.65% and Net NPA reduced by 15 bps YoY to 0.47% as on June 30, 2026.
- Capital Adequacy Ratio (CRAR) was 18.46% and CET-1 ratio was 16.38% as on June 30, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Net Profit
₹ 5,332 Crore
29.57
Total Business
₹ 23,79,697 Crore
7.46
Gross Advances
₹ 10,96,331 Crore
12.50
Gross NPA (%)
2.65%
-87 bps
Net NPA (%)
0.47%
-15 bps
Net Interest Income
₹ 10,037 Crore
10.15
🏢 How This Affects the Company
The bank reported a 7.46% YoY increase in total business, driven by a 12.50% YoY growth in gross advances to ₹ 10,96,331 Crore. Retail, Agriculture, and MSME (RAM) segments also grew by 11.56% YoY.
Net profit increased by 29.57% YoY to ₹ 5,332 Crore. Net Interest Income (NII) grew by 10.15% YoY to ₹ 10,037 Crore. Asset quality improved with Gross NPA at 2.65% and Net NPA at 0.47%, along with a CRAR of 18.46%.
The reduction in Gross NPA by 87 bps YoY and Net NPA by 15 bps YoY indicates an improved asset quality, potentially reducing future provisioning requirements.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this financial results filing.
👤
Who Is Affected
Shareholders are affected by the bank's financial performance, including the net profit of ₹ 5,332 Crore and the increased Return on Equity (RoE) of 17.23% in Q1 FY27.
🔍
Management Signal
The financial results indicate management's focus on maintaining asset quality, expanding credit growth, and improving capital adequacy.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q2 FY27 financial results — monitor continued growth in net profit and advances.
Deposit mobilization trends — observe growth rate and its impact on CD Ratio.
Asset quality metrics — check for sustained reduction in Gross and Net NPAs.
LOW RISK
The filing indicates improving asset quality and strong capital buffers.
💡 Investor Takeaway
Union Bank of India reported Q1 FY27 net profit of ₹ 5,332 Crore, a 29.57% YoY increase. Gross advances grew 12.50% YoY to ₹ 10,96,331 Crore, while Gross NPA fell 87 bps YoY to 2.65%. CRAR stood at 18.46%.
⚖️ Strengths & Concerns
✅ Positives
- Net Profit increased by 29.57% YoY to ₹ 5,332 Crore in Q1 FY27, indicating strong earnings performance.
- Gross NPA reduced by 87 bps YoY to 2.65% and Net NPA reduced by 15 bps YoY to 0.47%, demonstrating improved asset quality.
⚠️ Concerns
- Global Deposits grew by 3.50% YoY, lower than Gross Advances growth of 12.50% YoY, which contributed to a CD Ratio increase of 693 bps YoY to 86.10%.
- Yield on Advances reduced by 60 bps YoY to 7.90% in Q1 FY27.
📅 Company Track Record
Union Bank of India's Q1 FY27 standalone net profit of ₹ 5,33,230 Lakh follows a Q1 FY27 standalone net profit rise of 29.56% YoY as per previous filings. FY26 net profit was ₹ 18,697 Crore. The CD ratio previously spiked to 83.27% in FY26.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Union Bank of India's net profit in Q1 FY27?
Union Bank of India's net profit for Q1 FY27 stood at ₹ 5,332 Crore, marking a 29.57% year-on-year increase.
What was the total business of Union Bank of India as of June 30, 2026?
As of June 30, 2026, the total business of Union Bank of India was ₹ 23,79,697 Crore, a 7.46% increase year-on-year.
How did Union Bank of India's asset quality change in Q1 FY27?
Union Bank of India's Gross NPA (%) reduced by 87 bps year-on-year to 2.65%, and Net NPA (%) reduced by 15 bps year-on-year to 0.47% as on June 30, 2026.
What were Union Bank of India's capital ratios in Q1 FY27?
As on June 30, 2026, Union Bank of India's CRAR stood at 18.46%, and the CET-1 ratio improved to 16.38% from 15.30% as on June 30, 2025.
Questions based on this BSE filing only. For information purposes.