Union Bank of India Reports Highest Ever Annual Net Profit of INR 17,987 Crores for FY '25

Union Bank of India has reported the highest ever annual net profit of INR 17,987 crores for FY '25, marking a Y-o-Y growth of 32%. The bank's Q4 FY '25 net profit stood at INR 4,985 crores, reflecting a Y-o-Y increase of 51%. The bank's operating profit for Q4 FY '25 stood at INR 7,700 crores, a Y-o-Y growth of 18%. The bank's return on assets improved to 1.35% in Q4 FY '25, and return on equity increased to 19.07%. The bank's capital adequacy stands at 18.02% with a CET1 ratio of 14.98%. The bank's gross NPA reduced by 116 bps Y-o-Y to 3.6%, and net NPA declined by 40 bps Y-o-Y to 0.63%. The bank's credit cost stood at 69 bps for Q4 FY '25. The bank's gross recovery stood at INR 14,995 crores, surpassing the gross slippage by more than INR 3,000 crores. The bank's NIM was at 2.91% for FY '25. The bank's credit growth moderated to 8.6% in FY '25, and total deposits grew by 7.2% Y-o-Y. The bank's board has recommended a dividend of 47.5% for the year ended March 31, 2025.