Union Bank of India Reports Q2 FY '26 Net Profit Growth of 3.25% to Rs. 4,249 Crores

Union Bank of India reported a net profit of Rs. 4,249 crores for Q2 FY '26, representing a 3.25% increase over the previous quarter. The bank's OP for the quarter was Rs. 6,814 crores, with profitability ratios ROA at 1.16% and ROE at 15.08%. The bank's capital adequacy is one of the best in the industry at 17.07% with a CET-1 ratio of 14.37%. The gross NPA reduced by 107 bps Y-o-Y to 3.29%, and the net NPA declined by 43 bps Y-o-Y to 0.55%. The PCR stands at 95.13, reflecting a well-provisioned balance sheet. The credit cost stood at 22 bps for Quarter 2 FY '26, and the slippage ratio was contained at 0.91% in Quarter 2 FY '26. Gross slippages for half-year '26 stood at Rs. 4,496 crores, while recoveries of half-year FY '26 stood at Rs. 6,284 crores. The bank has cautiously curtailed high-cost bulk deposit mobilization by 21.85% Y-o-Y in September '25, leading to a 1.98% Y-o-Y growth in total deposits and 4.99% Y-o-Y growth in advances. The retail term deposits plus CASA grew by Rs. 1,03,000 crores Y-o-Y basis.