Union Bank Q1 FY27 net profit jumps 29.6% to Rs 5,333 crore
UNIONBANK · price
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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.
Strong profit growth, improving asset quality, and healthy capital ratios signal operational strength for shareholders.