Union Bank of India’s net profit rises 31% in Q2FY27

Union Bank of India has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The bank has reported a 30.32% rise in its standalone net profit at Rs 5,537.20 crore for the quarter ended September 30, 2026, as compared to Rs 4,249.08 crore for the same quarter in the previous year. Total income increased by 5.20% to Rs 32,809.29 crore for Q2FY27 as compared to Rs 31,186.38 crore for the corresponding quarter of the previous year. On a consolidated basis, the bank has reported a 30.62% increase in its net profit at Rs 5,781.00 crore for Q2FY27, as compared to Rs 4,425.95 crore for the same quarter in the previous year. Total income increased by 5.40% to Rs 33,471.29 crore for Q2FY27 as compared to Rs 31,755.44 crore for the corresponding quarter of the previous year. View : While a 14.65% expansion in RAM advances helped push overall gross advances up by 18.53% YoY, the bank's deposit growth was much slower, registering at just 6.87% YoY. - Total provisions and contingencies dropped nearly 50% year-on-year to ₹700.75 crore from ₹1,397 crore. - Gross Non-Performing Assets (GNPA) fell drastically to 2.42% from 3.29% a year ago. Net NPA also improved to 0.42% from 0.55% - Strong Q2 FY27 earnings have a highly positive impact on the company’s market valuation, capital position, and operational efficiency.

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