The Hindu·3 min read·medium
Union Bank of India net profit up 29.6% to ₹5,332 crore in Q1FY27
A
Ashokamithran T.
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Union Bank of India reported a 29.6% increase in net profit for Q1FY27, reaching ₹5,332 crore. The bank improved its asset quality by reducing non-performing assets and focusing on increasing its CASA ratio.
Union Bank of India (UBI) net profit increased 29.57% to ₹5,332 crore as defaulting assets as a share of total loans reduced and net interest income increased in first quarter of fiscal 2027 as compared with ₹4,116 crore in the year ago period.
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