Announced Wed, 15 Jul · 12:12 IST
Union Bank Q1 FY27 net profit jumps 29.6% to Rs 5,333 crore
UNIONBANK · price
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AI summary
Union Bank of India posted Q1 FY27 standalone net profit of Rs 5,333 crore, up 29.6% from Rs 4,116 crore a year earlier. Total income rose 1.3% to Rs 31,806 crore. Operating profit grew 15.8% to Rs 8,003 crore. Gross NPAs improved to 2.65% from 3.52%, and net NPAs fell to 0.47% from 0.62%. Capital adequacy rose to 18.46% and provision coverage ratio is at 95.05%. Bank transferred Rs 1,701 crore of Investment Fluctuation Reserve to General Reserve during the quarter.
Likely market impact
Strong profit growth, improving asset quality, and healthy capital ratios signal operational strength for shareholders.