Union Bank Q1 Results: Profit rises over 27% to Rs 5,641 crore

Union Bank of India reported a 27 percent jump in net profit to Rs 5,641 crore in Q1FY27 from Rs 4,427.94 crore a year ago. Net interest income rose 1.05 percent YoY to Rs 27,203 crore with NIM improving marginally to 2.80 percent, while gross NPAs fell to 2.65 percent. Gross advances grew 12.5 percent YoY to Rs 10.96 lakh crore and CASA deposits surged 11.73 percent YoY, with the bank targeting USD 1.5-2 billion in FCNR-B deposits by September under the RBI's special window.