Union Bank of India Releases Financial Results for Quarter/Year Ended March 31, 2026
Union Bank of India today released its audited financial results and presentation detailing its performance for the quarter and year ended March 31, 2026. The bank reported key performance metrics across its lending portfolio, asset quality, and digital infrastructure.Profitability and Operational Performance
The Profit & Loss Statement revealed the bank's key revenue streams. Net Interest Income for the quarter ended March 31, 2026, stood at ₹ 9,406 crore, representing a decrease of 1.14% year-on-year (Y-o-Y) and an increase of 0.84% quarter-on-quarter (Q-o-Q).Overall, the Operating Profit recorded for the quarter was ₹ 7,955 crore. The reported Net Profit for the same period was ₹ 5,316 crore, reflecting a 6.64% year-on-year growth.
Non-Interest Income for the quarter reached ₹ 5,412 crore, marking a decrease of 2.64% Y-o-Y. Fee based Income contributed ₹ 2,631 crore, showing a 5.75% increase Y-o-Y.
Profit & Loss Statement Summary
| Parameter | Mar-25 (3M) | Mar-26 (3M) | Y-o-Y% |
|---|---|---|---|
| Net Interest Income | 8,812 crore | 9,406 crore | -1.14% |
| Non-Interest Income | 4,996 crore | 5,412 crore | -1.91% |
| Operating Profit | 6,814 crore | 7,955 crore | 3.31% |
| Net Profit | 4,249 crore | 5,316 crore | 6.64% |
Asset Quality and Non-Performing Assets (NPA)
Asset quality metrics indicate the bank's management of its loan book. The total Net NPA stood at ₹ 5,067 crore for March 2026, a decrease from ₹ 5,969 crore reported for March 2025. The Net NPA percentage was recorded at 0.48% (as of March 2026), down from 0.63% (as of March 2025).For the quarter, the bank recorded ₹ 2,640 crore in provisions, reaching a Credit Cost of 0.16%, compared to 0.77% in March 2025. The Gross NPA percentage stood at 2.82% (March 2026), down from 3.6% (March 2025).
Movement of NPAs (₹ in crore)
| Parameter | Mar-25 (3M) | Mar-26 (3M) | Mar-25 (12M) | Mar-26 (12M) |
|---|---|---|---|---|
| Gross NPA (%) | 3.6% | 2.82% | 3.6% | 2.82% |
| Net NPA (%) | 0.63% | 0.48% | 0.63% | 0.48% |
| Total Provisions | 13,103 crore | 9,922 crore | 13,103 crore | 9,922 crore |
Lending Portfolio Performance
The bank detailed growth across its specialized credit segments:Segmental Advances
The bank’s total lending portfolio grew substantially, with the following details provided for March 31, 2026:- Retail Portfolio: Increased to approximately ₹ 2.53 lakh crores, exhibiting a 3.07% quarter-on-quarter growth.
- MSME Portfolio: Reached approximately ₹ 1.62 lakh crores, showing an 18.75% year-on-year increase.
- Agriculture Portfolio: Rose to ₹ 1.83 lakh crores, growing by 4.62% QoQ.
The most significant single component of lending growth was the Retail sector. Within the MSME portfolio, the Micro segment accounted for the largest share at 53.72% of the total, with advances reaching ₹ 87,029 crore.
The bank's credit allocation to industries saw a total of ₹ 3,49,815 crore in Mar-26, a year-on-year increase of 3.36%. Infrastructure and NBFCs and HFCs remained the top two sectors, contributing ₹ 1,04,441 crore and ₹ 1,64,839 crore respectively, in March 2026.
Deposits and Capital Adequacy
The bank reported the following key financial positions:- Global Deposits: As of March 31, 2026, global deposits were ₹ 13,06,891 crore, an increase of 2.72% Y-o-Y. The CASA (Current Account Savings Account) percentage remained robust at 35.21%.
- Capital: The Total Capital (Tier I + Tier II) recorded was ₹ 1,37,758 crore as of March 31, 2026, reflecting a continued increase in capital structure.
Digital and Operational Milestones
The bank focused heavily on digital transformation, reporting various achievements:- Digital Adoption: The bank saw 70 lakh+ users migrated to the new Union Ease App.
- Digital Accounts: Over 1,83,000+ Digital Deposit (TD) accounts were opened, generating ₹ 4,600 crore+.
- E-Biz Users: The number of users onboarded on Union ebiz during Q4 was 48,154.
- Fintech Innovation: The bank successfully implemented programmable digital rupee usage, crediting ₹ 25,000 e₹ to select women journalists in Telangana and distributing subsidies in Odisha State through a CBDC Wallet.
In terms of human resources, the bank highlighted its commitment to talent development, noting the capacity building of over 58,000 employees, including 6,100+ Specialist Officers across multiple domains.
Awards and Recognition
Union Bank of India received several accolades during the reporting period, including:- National Best Employer Award
- Best Technology Bank Award by IBA Technology Award
- The bank was honored with the Rajbhasha Kirti Puraskar (Highest Award) at the Hindi Diwas 2025 and the 56th All India Official Language Conference.
UNIONBANK Stock Price Movement
As of 1:33 PM, Union Bank of India shares are shedding 5.87% in live trading, currently hovering around ₹182.65. The stock is experiencing significant selling pressure, driven by robust trading volume that has hit 38.78 million shares today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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