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News Topical, Digital Desk : Union Bank of India Q1 Results: Public sector Union Bank of India's net profit increased by 12 percent to Rs 4,116 crore during the first quarter (April-June) of the current financial year 2025-26. During the same period of the previous financial year, the net profit of the bank was Rs 3,679 crore. In the information given by Union Bank to the stock market on Saturday, it was told that the income of the bank during the first quarter increased to Rs 31,791 crore, which was Rs 30,874 crore during the same period a year ago.
Decrease in net interest income
The bank's interest income increased to Rs 27,296 crore in the quarter under review, from Rs 26,364 crore in the same quarter of the previous financial year. But the bank's net interest income declined to Rs 9113 crore during the quarter, from Rs 9,412 crore during the same period of the previous financial year.
Union Bank's operating profit also declined by 11 per cent to Rs 6,909 crore during the quarter ended June, from Rs 7,785 crore in the same period last fiscal.
Net NPA reduced
The bank's net NPA or bad loans declined to 0.62% from 0.90% in the same quarter a year ago. This resulted in the bank's provision for bad loans falling to Rs 1,153 crore during the first quarter from Rs 1,651 crore a year ago.
The provision coverage ratio increased to 94.65% from 93.49%, an improvement of 1.16%. At the same time, the bank said that the return on assets (ROA) for June 2025 increased to 1.11% from 1.06% in June 2024, showing an improvement of 0.05%. The bank's capital adequacy ratio (CAR) increased to 18.3% from 17.02% in the same quarter of the previous fiscal.
Union Bank's asset quality improved and gross non-performing assets (NPAs) declined to 3.52% of total loans at the end of the June quarter from 4.54% a year ago. The bank's total loans due to end June 2024 grew by 6.83% to Rs 9,74,489 crore from Rs 9,12,214 crore in the same quarter of the previous fiscal.
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