Union Bank of India net profit up 29.6% to ₹5,332 crore in Q1FY27
Union Bank of India (UBI) reported a net profit of ₹5,332 crore for Q1 FY27, marking a 29.6% increase from the previous year. The bank's net interest income rose by 10.15% to ₹10,037 crore, reflecting improved asset quality with Gross Non-Performing Assets (GNPA) reduced to 2.65%. UBI's Net NPA also improved to 0.47%, indicating a positive trend in loan performance.