Union Bank of India today reported a strong Q2 FY27

Union Bank of India today reported a strong Q2 FY27 performance with net profit rising 30% year-on-year to ₹5,537 crore, driven by higher lending and improved asset quality. Shares surged nearly 5% in intraday trade, reflecting investor confidence. 📊 Key Financial Highlights (Q2 FY27) Net Profit: ₹5,537 crore (up 30% YoY from ₹4,249 crore). Interest Income: ₹28,158 crore. Net Interest Income (NII): ₹10,583 crore, up 20% YoY. Operating Profit: ₹8,108 crore, up 19% YoY. Total Business: ₹24.75 lakh crore, up 12% YoY. Advances: ₹11.56 lakh crore, up 18.5% YoY. Deposits: ₹13.19 lakh crore, up 6.9% YoY. 📉 Asset Quality & Capital Gross NPA: Fell to 2.42% (down from 3.29% last year). Net NPA: Declined to 0.42%. Provision Coverage Ratio: 95.2%. Capital Adequacy Ratio (CRAR): 17.94%. CET-1 Ratio: 16.05% (up from 14.37% last year).