POSTED BY:- Poonam S. Juthani
DT:-23/04/2026
9867490397
Mumbai, April 23, 2026:
The Board of Directors of Union Bank of India has approved the financial results for the quarter and year ended March 31, 2026, highlighting steady growth, improved asset quality, and strong capital position.
Dividend Announcement
The Board has recommended a dividend of ₹5.00 per equity share (50% of face value of ₹10), subject to necessary approvals.
Financial Performance
The Bank reported a net profit of ₹18,697 crore for FY26, reflecting a year-on-year growth of 3.95%. Total interest income stood at ₹1,05,992 crore during the year, demonstrating stable earnings performance.
Business Growth
Total business grew by 5.78% year-on-year to ₹23,85,502 crore as of March 31, 2026. Gross advances increased by 9.74%, while total deposits rose by 2.72%, indicating balanced expansion across lending and deposit segments.
Deposit and CASA Growth
Global deposits reached ₹13,06,891 crore, registering a growth of 2.72% YoY. CASA deposits improved, with CASA ratio rising to 35.21%, reflecting better low-cost deposit mobilization.
Growth in RAM Segments
The Retail, Agriculture, and MSME (RAM) segment recorded a strong growth of 12.56% YoY. Retail advances grew by 16.75%, while MSME advances increased significantly by 18.75%. RAM advances constituted 57.49% of domestic advances, reinforcing the Bank’s focus on priority sectors.
Asset Quality Improvement
The Bank continued to strengthen its asset quality. Gross NPA reduced to 2.82%, improving by 78 basis points YoY, while Net NPA declined to 0.48%, reflecting effective risk management and recovery efforts.
Capital Adequacy
The Bank maintained a strong capital position, with CRAR at 18.10%. CET-1 ratio improved to 15.69% from 14.98% in the previous year, ensuring robust financial stability.
Profitability Ratios
Return on Assets (RoA) stood at 1.25%, and Return on Equity (RoE) at 15.86% for FY26, indicating consistent profitability.
Financial Inclusion Initiatives
The Bank continues to support government-led financial inclusion schemes. During the quarter, it enrolled 3.09 lakh customers under PMJJBY and 10.25 lakh under PMSBY. Under PMJDY, the Bank has opened 3.40 crore accounts with total deposits of ₹15,964 crore. Additionally, 2.27 lakh enrollments were recorded under APY.
Support to Key Sectors
The Bank sanctioned ₹560 crore under the Union Nari Shakti Scheme for women entrepreneurs. It also strengthened its commitment to sustainability by sanctioning ₹33,572 crore to the renewable energy sector and ₹2,084 crore under green vehicle financing.
Network Strength
Union Bank of India operates a wide network of 8,697 branches, 8,656 ATMs, and over 26,000 banking correspondent points, ensuring extensive customer reach across the country.
Conclusion
Union Bank of India’s FY26 performance reflects steady growth, improved asset quality, and a strong commitment to inclusive and sustainable banking.
