Union Bank Q1 FY2027: Profit rises 30% as asset quality tightens and digital scale builds

Net profit was 5,332 crore and operating profit was 8,003 crore. RoA was 1.36% and RoE was 17.23%.

Net interest income was 10,037 crore and NIM was 2.80%, improving from 2.64% in the March 2026 quarter.

Gross NPA was 2.65%, Net NPA was 0.47%, and provision coverage ratio was 95.05%.

Global deposits grew 3.50% YoY to 12,83,366 crore and global advances grew 12.50% YoY to 10,96,331 crore.

Management stated it aims to grow credit at industry growth plus 1%, defend NIM and aspires to improve NIM further from current levels.

Management stated it had mobilized 106 million so far and targets 1.5 to 2 billion by September under the RBI/government scheme, plus 200 to 300 million via OFCB.

Standalone CRAR was 18.46% and CET-1 was 16.38% as of 30.06.2026. The board-approved capital plan for FY27 is 8,000 crore (3,000 crore AT-1 and 5,000 crore Tier-2).