Union Bank of India Q4 FY2026: Profit rises, asset quality strengthens, margins remain the key watch

For the Mar-26 quarter, operating profit was 7,955 crore and net profit was 5,316 crore. NII was 9,406 crore and NIM was 2.64%.

At Mar-26, GNPA was 2.82% and NNPA was 0.48%, with PCR at 95.03%.

Gross advances grew 9.74% YoY to 10,78,611 crore, while global deposits grew 2.72% YoY to 13,06,891 crore as on Mar-26.

RAM advances grew 12.56% YoY to 5,98,484 crore. Retail grew 16.75% and MSME grew 18.75% YoY (as of Mar-26).

CRAR was 18.10% and CET1 was 15.69% at Mar-26.

In the earnings call, management indicated an expectation of 13% to 14% credit growth for FY27 and stated they aim to maintain NIM around 2.64% and improve it.