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Union Bank reports strong Q3FY26 results

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Union Bank reports strong Q3FY26 results
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Athira Sethu

Kochi, 15 Jan 2026

Union Bank of India’s shares saw a notable surge, rising by over 6% following the announcement of its Q3FY26 earnings. The public sector bank reported a strong net profit of ₹5,017 crore, which propelled its stock price to trade 6.9% higher at ₹177 per share on the NSE by 1:15 pm. Despite a marginal dip in net-interest margins, the bank demonstrated significant improvements in asset quality and posted impressive growth in both advances and deposits. The retail segment played a key role in driving the bank’s business expansion, contributing heavily to the increase in gross advances. Below are the key financial details from Union Bank of India’s Q3FY26 results.

Key Financial Highlights:

MetricQ3FY26Q3FY25Change (YoY)
Net Profit₹5,017 Cr₹4,538 Cr+10.5%
Net Interest Income₹9,328 Cr₹9,240 Cr+0.9%
Net Interest Margin2.76%2.91%-15 bps
Gross NPAs (GNPA)3.06%3.85%-79 bps
Net NPAs (NNPA)0.51%0.82%-31 bps

Business Growth:

MetricQ3FY26Q3FY25Change (YoY)
Total Business₹22,39,740 Cr₹21,33,300 Cr+5.04%
Gross Advances₹9,80,000 Cr₹9,15,000 Cr+7.13%
Total Deposits₹12,22,856 Cr₹11,85,101 Cr+3.36%

Segment Performance:

SegmentGrowth (YoY)
Retail Advances+11.5%
Retail Advances (Growth)+21.67%
MSME Advances+19.75%

Credit-Deposit Ratio:

MetricQ3FY26Q2FY26Change
Credit-Deposit Ratio83.8%79.6%+4.2%

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