Economy

Union Bank of India Reports 30% Growth in Q2 Net Profit

The Hindu2h
THE BRIEF
1

Union Bank of India reported a 30% year-on-year growth in standalone net profit at ₹5,537 crore for the second quarter ended September 30, 2026.

2

The bank's interest income rose 7.51% to ₹28,158 crore, while provisions for Non-Performing Assets grew 13% year-on-year to ₹5,960 crore.

3

Total business increased by 12.01% year-on-year, driven by an 18.53% rise in gross advances and a 6.87% increase in total deposits to ₹13,19,455 crore.