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Union Bank Reports 29% YoY Jump in Q1FY27 Net Profit to $563 Million

Union Bank of India logoUnion Bank of India
Sig2.22Sen+4.73Env0.00Soc0.00Gov0.00

Union Bank of India reported a 29% year-on-year rise in Q1FY27 net profit to $563mn, alongside its highest-ever quarterly operating profit of $845mn. Operating revenue rose to $1,547mn as net interest income and margins expanded, while provisions stayed contained at $103mn. Asset quality improved with GNPA at 2.65% and advances reaching $115.8bn as of June 2026.

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