Union Bank Q1 results: Net profit rises 12% to Rs 4,116 crore;...

Union Bank Q1 results: Net profit rises 12% to Rs 4,116 crore; asset quality improved

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Union Bank of India reported a 12% increase in net profit, reaching Rs 4,116 crore for Q1 FY26, driven by higher interest income. While net interest income saw a slight dip, asset quality improved significantly, with gross and net NPAs declining. The bank's provision coverage ratio also rose, contributing to a stronger financial performance overall.

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