State-owned Union Bank of India On Thursday reported 6.64 per cent rise in standalone profit after tax (PAT) to Rs 5,316 crore for three months ended March 2026.
The bank had posted a PAT of Rs4,985crore in the same quarter of the preceding fiscal year.
Net Interest Income (NII) or core income declined by 1.14 per cent year-on-year to Rs 9,406 crore during the quarter under review.
Total income dropped to Rs 31,851.15 crore in the quarter under review from Rs 32,752.67 crore in January-March 2025, the lender said in a stock exchange filing.
However, asset quality improved with Gross Non-Performing Assets (GNPAs) declining to 2.82 per cent in the March quarter from 3.6 per cent in the year-ago period. Net NPAs also eased to 0.48 per cent from 0.63 per cent.
Also, the board recommended a dividend of Rs 5 per equity share of Rs 10 each for financial year 2025-26. The payment is subject to shareholders’ approval.
Shares of Union Bank of India declined 6.42 per cent to Rs 182.2 apiec
