Union Bank Q1 FY27 Results : Net Profit Jumps 29.57% to ₹5,332 Crore

New Delhi | July 15, 2026 : Union Bank of India delivered a strong financial performance in the first quarter of FY27. The bank reported a 29.57% year-on-year rise in net profit, reaching ₹5,332 crore for the quarter ended June 30, 2026. At the same time, the lender improved its asset quality, expanded lending across key sectors, and maintained strong capital buffers.

The Union Bank Q1 FY27 Results also highlighted steady business growth, healthy retail and MSME lending, and continued support for financial inclusion across India.

Union Bank Reports Higher Profit and Strong Income Growth

Union Bank earned ₹27,203 crore in interest income during the April–June 2026 quarter. Meanwhile, Net Interest Income (NII) increased by 10.15% year-on-year to ₹10,037 crore.

Operating profit also moved higher. It grew 15.83% to ₹8,003 crore, reflecting better operational efficiency and disciplined cost management.

As a result, the bank maintained strong profitability despite a competitive banking environment.

Business Crosses ₹23.79 Lakh Crore

The bank’s total business reached ₹23.79 lakh crore as of June 30, 2026. This marked a 7.46% increase over the same period last year.

Gross advances expanded by 12.50% to ₹10.96 lakh crore. On the other hand, global deposits rose by 3.50%, taking the total deposit base to ₹12.83 lakh crore.

The Credit-Deposit (CD) ratio improved to 86.10%, indicating stronger credit deployment during the quarter.

Retail, MSME and Agriculture Continue to Drive Growth

Retail Lending Remains Strong

Retail advances increased by 12.06% year-on-year to ₹2.57 lakh crore. Consumer demand and housing finance continued to support growth in this segment.

MSME Lending Records Fastest Expansion

MSME advances registered an impressive 16.49% growth, reaching ₹1.68 lakh crore. This remained the fastest-growing segment within the bank’s lending portfolio.

Agriculture Portfolio Expands

Agriculture advances grew 6.75% to ₹1.83 lakh crore, reflecting continued support for India’s farming sector.

Together, the Retail, Agriculture and MSME (RAM) portfolio expanded 11.56% to ₹6.08 lakh crore. It now accounts for 57.31% of the bank’s domestic advances.

Asset Quality Improves Further

One of the biggest highlights of the Union Bank Q1 FY27 Results was the continued improvement in asset quality.

Gross Non-Performing Assets (GNPA) declined to 2.65%, compared with 3.52% a year earlier. Net NPA also fell to 0.47% from 0.62%.

In addition, the bank maintained a Provision Coverage Ratio (PCR) of 95.05%, strengthening its balance sheet against future risks.

Capital Position Remains Comfortable

Union Bank continued to maintain strong capital levels.

The Capital Adequacy Ratio (CRAR) stood at 18.46%, while the Common Equity Tier-1 (CET-1) ratio improved to 16.38%, compared with 15.30% in the previous year.

These levels provide enough capital to support future lending and business expansion.

Returns Improve as Efficiency Rises

The bank delivered better returns for shareholders during the quarter.

Return on Assets (RoA) remained at 1.36%, while Return on Equity (RoE) stood at 17.23%.

Moreover, the Cost-to-Income Ratio improved to 45.34%, showing that the bank managed its operating expenses efficiently.

Large Banking Network Supports Customer Growth

Union Bank continued to expand its nationwide banking services through a strong physical and digital network.

As of June 30, 2026, the bank operated:

• 8,700 branches, including overseas branches
• 8,758 ATMs
• 28,629 Banking Correspondent (BC) points
• 138 MSME Loan Points
• 143 Retail Loan Points
• 1,671 Gold Loan Points
• Specialized corporate, MSME and recovery branches across India

This extensive network helps the bank serve customers across urban, semi-urban and rural markets.

Financial Inclusion Remains a Key Priority

Union Bank continued to support several Government of India financial inclusion schemes during the quarter.

The bank enrolled:

• 2.23 lakh new customers under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
• 6.70 lakh new customers under Pradhan Mantri Suraksha Bima Yojana (PMSBY)
• 2.39 lakh new subscribers under Atal Pension Yojana (APY)

In addition, the bank now manages 3.45 crore Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts with deposits of ₹15,943 crore, up from 3.26 crore accounts a year earlier.

Women Entrepreneurs and Green Finance Receive Strong Support

Union Bank continued to promote inclusive and sustainable lending.

Under the Union Nari Shakti Scheme, the bank sanctioned 1,817 applications worth ₹321 crore during the quarter to support women entrepreneurs.

The bank also expanded financing for green initiatives.

It sanctioned ₹34,363 crore for renewable energy projects and ₹2,819 crore under its Union Green Vehicle financing programme as of June 30, 2026.

Union Bank Q1 FY27 Results Reflect Strong Momentum

The Union Bank Q1 FY27 Results underline the bank’s steady growth strategy. Higher profits, better asset quality, stronger capital ratios and expanding retail and MSME lending created a solid start to FY27.

At the same time, the bank strengthened financial inclusion, promoted women-led businesses and increased support for renewable energy. These achievements position Union Bank well for sustainable growth in the coming quarters.

Also Read : Uttar Pradesh Transport Department Achieves Record Growth and EV Push in Q1 FY 2025–26