Union Bank of India Q1 net profit rises 29.6% to ₹5,332 crore
Union Bank of India (UBI) reported a 29.57% rise in net profit to ₹5,332 crore for the first quarter of fiscal 2027, up from ₹4,116 crore a year earlier. The increase was driven by a reduction in defaulting assets as a share of total loans and a 10.15% rise in net interest income, which reached ₹10,037 crore. UBI's net interest margin also improved slightly to 2.8%, reflecting positive financial performance in the quarter.