Union Bank of India Q3 Profit Rises 9% on Asset Quality Gains

State-owned Union Bank of India reported a 9.0% year-on-year rise in net profit at ₹5.02 billion for the third quarter ended Dec 31, 2025, compared with ₹4.60 billion a year earlier, the bank said in an exchange filing on Wednesday.

Net interest income edged up 1.0% year-on-year to ₹9.33 billion from ₹9.24 billion in the same quarter last year.

Asset quality improved during the quarter, with gross non-performing assets declining by 79 basis points year-on-year to 3.06% as of Dec 31, 2025. Net NPAs fell by 31 basis points to 0.51% over the same period.

The bank’s total business grew 5.0% year-on-year as of Dec 31, 2025. Gross advances rose 7.1% from a year earlier, while total deposits increased 3.4%.

As of the end of December, Union Bank’s total business stood at ₹22.40 trillion. Global deposits rose 3.4% year-on-year to ₹12.23 trillion.

Capital adequacy remained strong, with the capital-to-risk-weighted assets ratio at 16.49% as of December 2025. The common equity tier-1 ratio improved to 13.94% from 13.59% a year earlier.