Union Bank Q2 FY27 Profit at Rs 5,537 Cr.
Gross NPA Improves to 2.42%, Leads in Financial Inclusion
POSTED BY ANAGHA SAKPAL ON DATED 19/10/2026 (9004379946)
Mumbai, (RMN.IN) -* The Board of Directors of Union Bank of India today approved the financial results for the quarter ended September 30, 2026. The bank reported a robust performance with net profit at Rs 5,537 crore in Q2 FY27, up 3.84% on QoQ basis. Interest income stood at Rs 28,158 crore.
Total business grew 12.01% YoY to Rs 24,75,330 crore. Gross advances grew by 18.53% and total deposits grew by 6.87%. Total deposits stood at Rs 13,19,455 crore. The RAM (Retail, Agri, MSME) segment, which is the focus area, grew by 14.65% YoY. Retail advances grew 11.24% and MSME advances grew by a strong 22.39%. RAM share in domestic advances is 57.47%.
Asset quality improved significantly. Gross NPA ratio improved to 2.42%, down 87 bps YoY from 3.29% last year. Net NPA is at 0.42%, down 13 bps. Capital position remains strong with CRAR at 17.94% and CET-1 improving from 14.37% last year to 16.05%. Return on Assets (ROA) is 1.38% and Return on Equity (ROE) is 17.21%.
On network front, the bank has 8,713 branches including overseas branches, 8,815 ATMs, 28,654 BC points, 138 MSME loan points (MLP), 143 Retail loan points (RLP), 117 MSME First branches and 1,670 Gold loan points. It also has 11 Large Corporate and 38 Mid Corporate branches.
On financial inclusion, the bank is driving government-sponsored schemes like PMJJBY, PMSBY, PMJDY and APY to remove barriers and provide economic value. In Q2 ended Sept 30, 2026, bank enrolled 6.23 lakh new customers under PM Jeevan Jyoti Bima Yojana, 21.76 lakh under PM Suraksha Bima Yojana and 2.85 lakh under Atal Pension Yojana. Under PM Jan Dhan Yojana, the bank has opened 3.49 crore accounts with balance of Rs 16,671 crore as on 30.09.2026, compared to 3.33 crore accounts with Rs 13,864 crore last year.
Under Union Nari Shakti Yojana for women entrepreneurs, 1,995 applications worth Rs 346 crore were sanctioned in Q2 FY27. Under green initiatives, Rs 39,110 crore loan has been sanctioned for renewable energy sector till Sept 30, 2026 and Rs 3,731 crore under Union Green Vehicle scheme.
