Union Bank of India has informed the Exchange regarding a press release dated April 23, 2026, titled "Press Release on the Financial Results of the Bank for the Quarter/Year ended on March 31, 2026".
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Union Bank of India reported strong Q4 FY26 results with net profit of Rs 5,316 crore, up 6.64% YoY. For the full year FY26, net profit grew 3.95% to Rs 18,697 crore. The bank achieved significant asset quality improvement with GNPA declining to 2.82% from 3.60% (improvement of 78 bps YoY) and NNPA at 0.48%. Capital adequacy remains robust at 18.10% CRAR with CET-I of 15.69%. However, NIM compressed to 2.64% from 2.87% in Q4 last year, indicating margin pressure from competitive lending rates. Global advances grew 9.74% YoY to Rs 10.79 lakh crore, with RAM advances up 12.56%. CASA ratio improved to 35.21% from 33.51%, reflecting better deposit quality. Credit cost improved sharply to 0.16% from 0.69% YoY.
The bank delivered profit growth driven by lower provisioning costs and improved asset quality, but NIM compression is a concern for net interest income. Strong capital position and declining NPAs support the stock, though margin pressure may limit near-term upside.