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

Dununu.com Dununu

Sponsored

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

RSS Feed Business

Posted

38

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.

Read Full Article

Please log in to like, share and comment!

Codex recognition: India's millet standards praised at Rome meet; fresh date, turmeric norms also advanced

India's role in global food safety gained recognition at a recent international meeting. The...

By 0 2

H-1B visa: US considering 'weighted selection process' for hiring foreigners, DHS drafting new rule

By 0 7

UML politburo passes statute amendment proposal unanimously

KATHMANDU: The politburo of the CPN-UML has unanimously endorsed the statute amendment proposal...

By 0 10

'Pawan Kalyan will not promote 'Hari Hara Veera Mallu' in Hindi and other languages’: AM Rathnam urges audience to watch the film

Pawan Kalyan’s much-awaited period action film Hari Hara Veera Mallu is finally gearing up...

By 0 10

Watch: 'Proper doppelganger!' – Dinesh Karthik reveals Pujara lookalike

Dinesh Karthik created a buzz by sharing a video featuring Cheteshwar Pujara and his lookalike,...

By 0 13