The Board of Directors of Union Bank of India today approved the accounts of the Bank for the Quarter/Year ended March 31, 2026.

 The Board of Directors of Union Bank of India today approved the accounts of the Bank for the Quarter/Year ended March 31, 2026.

Key Highlights in FY26

Board of Directors have recommended a dividend of Rs. 5.00 per equity share (50% of face value of Rs.10 per equity share) for the year ended March 31, 2026 subject to requisite approvals.

Financial Performance: 

Net Profit of the Bank stood at Rs. 18,697 Crores during FY26. Interest income of Bank stood at Rs. 1,05,992 Crores during FY26.

Business Growth:

Total Business of the Bank increased by 5.78% YoY, wherein Gross Advances increased by 9.74% YoY & Total Deposit grew by 2.72% YoY. Bank has a total Business of Rs. 23,85,502 Crores as on March 31, 2026.

Deposit Growth: 

Global deposits have increased by 2.72% YoY. Bank now has total deposits base of Rs. 13,06,891 Crores as on March 31, 2026.

Growth in Retail, Agri and MSME (RAM) segments:

RAM Segment of the Bank increased by 12.56% YoY, with in which 16.75% growth in Retail and 18.75% growth in MSME advances is achieved on YoY basis. RAM advances as a percent of Domestic Advances stood at 57.49%.

Reduction in NPA: 

Gross NPA (%) reduced by 78 bps on YoY basis to 2.82% and Net NPA (%) reduced by 15 bps on YoY basis to 0.48% as on 31.03.2026. 

Strong Capital Ratios:

CRAR stood at 18.10% as on 31.03.2026. CET-1 ratio improved from 14.98% as on 31.03.2025 to 15.69% as on 31.03.2026.

Returns:

Bank’s Return on Assets & Return on Equity stands at 1.25% and 15.86% respectively during FY26.