Union Bank of India’s Q1 total business rises 5% to ₹22.1 lakh crore; retail advances jump 26%
Published on 08/07/2025 08:15 PM
Union Bank of India’s Q1 total business rises 5% to ₹22.1 lakh crore; retail advances jump 26%Total deposits rose 3.63% year-on-year to ₹12.39 lakh crore from ₹11.96 lakh crore. Global gross advances stood at ₹9.74 lakh crore, registering a 6.8% increase over ₹9.12 lakh crore in Q1 FY25. Shares of Union Bank of India Ltd ended at ₹150.40, down by ₹1.70, or 1.12%, on the BSE.By Jomy Jos Pullokaran July 8, 2025, 8:15:38 PM IST (Published)2 Min ReadState-owned Union Bank of India on Tuesday (July 8) reported a 5% year-on-year growth in total business for the quarter ended June 30, 2025 (Q1 FY26), reaching ₹22.1 lakh crore, compared to ₹21.08 lakh crore in the same quarter last year.
Total deposits rose 3.63% year-on-year to ₹12.39 lakh crore from ₹11.96 lakh crore. Global gross advances stood at ₹9.74 lakh crore, registering a 6.8% increase over ₹9.12 lakh crore in Q1 FY25.
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The bank’s domestic RAM (Retail, Agriculture, and MSME) portfolio rose 10.31% to ₹5.44 lakh crore. Within this, domestic retail advances posted strong growth, rising 25.60% year-on-year to ₹2.28 lakh crore from ₹1.82 lakh crore.
Fourth Quarter Results
The lender's net profit went up by 51% from the same quarter last year to ₹4,984.9 crore. The profitability was also aided by a higher other income component, which stood at ₹5,509 crore, compared to ₹4,707 crore during the same quarter last year.
Net interest income (NII), which is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, was up 0.8%, coming at ₹9,514 crore against ₹9,436.5 crore in the corresponding quarter of FY24.
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Union Bank's asset quality saw improvement from the previous quarter, with Gross NPA at 3.6% from 3.85% in the December quarter, while net NPA stood at 0.82% from 0.63% compared to the December quarter. Provisions for non-performing assets saw a marginal increase from the December quarter to ₹1,675 crore from ₹1,477 crore.
Shares of Union Bank of India Ltd ended at ₹150.40, down by ₹1.70, or 1.12%, on the BSE.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsshare market todayUnion Bank of India