Union Bank of India reported a net profit of ₹5,537 crore for the second quarter of FY27 (July–September 2026), a 29.95 per cent year-on-year increase, as the Board of Directors approved the accounts on Monday. Shares of the State-owned lender rose 4.74 per cent to ₹179.82 on the NSE by early afternoon, touching an intraday high of ₹181.20, with traded value crossing ₹481 crore.
Interest income for Q2FY27 stood at ₹28,158 crore, up 4.24 per cent year-on-year on a half-yearly basis, while net interest income rose 15.03 per cent to ₹20,620 crore for the first half. Return on assets improved to 1.38 per cent and return on equity stood at 17.21 per cent during the quarter.
Total business grew 12.01 per cent year-on-year to ₹24,75,330 crore as of September 30, 2026. Gross advances expanded 18.53 per cent year-on-year to ₹11,55,876 crore, while total deposits rose 6.87 per cent to ₹13,19,455 crore. The MSME segment was a standout, with advances growing 22.39 per cent year-on-year.
Asset quality continued to improve. Gross NPA fell 87 basis points year-on-year to 2.42 per cent, and net NPA declined 13 basis points to 0.42 per cent as of September 30, 2026. Provision coverage ratio improved to 95.20 per cent.
Capital adequacy remained comfortable, with CRAR at 17.94 per cent and CET-1 ratio improving to 16.05 per cent from 14.37 per cent a year earlier.
The bank’s network stood at 8,713 branches and 8,815 ATMs. On the green finance front, it has sanctioned ₹39,110 crore toward the renewable energy sector and ₹3,731 crore under its Union Green Miles scheme as of the end of the quarter.
The stock has gained over 31 per cent in the past year, against a near-flat Nifty Next 50 in the same period.