Union Bank Posts 30 Percent Rise in Q2 Net Profit

Union Bank of India reported a thirty percent year-on-year rise in standalone net profit at five thousand five hundred thirty-seven crore rupees for the second quarter ending September 30, 2026. Interest income climbed to twenty-eight thousand one58 crore rupees, marking a 7.51 percent increase compared to the previous year. Global deposits grew by 6.87 percent, pushing the bank's total deposit base to thirteen lakh nineteen thousand four hundred fifty-five crores.

Credit and Asset Quality

Advances in the Retail, Agriculture, and MSME sector expanded by 14.65 percent, with MSME loans seeing a 22.39 percent jump. The bank also reduced its bad loans, as Gross Non-Performing Assets dropped by 13 percent to twenty-seven thousand nine hundred sixteen crore rupees. Net Non-Performing Assets fell by 8 percent to four thousand seven hundred sixty-eight crore rupees over the same period.

Context

Public sector banks in India regularly report quarterly earnings that reflect broader trends in credit growth and asset quality management across the economy. Stronger balance sheets and lower bad loans help banks lend more freely to retail borrowers and small businesses.