'Union Bank of India has reported 12% growth in net profit at Rs 4115.53 crore for the
quarter ended June 2025 (Q1FY2026). The bank has posted 3% decline in net
interest income (NII), while the core fee income of the bank also dipped 23% in
Q1FY2026. The Net Interest Margin (NIM) of the bank declined to 2.76% in
Q1FY2026 compared to 3.05% in the corresponding quarter of previous year.
On business
front, the bank as has posted 4% growth in business with 7% rise in loan book. The
asset quality of the bank has improved in Q1FY2026. Bank has raised the credit
to deposit ratio to 78.6% at end June 2025 from 74.5% at end June 2024. CASA
ratio of the bank was stable at 32.5% at end June 2025 from 32.6% at end June
2024.
Asset
quality improves: The bank has improved asset quality in Q1FY2026.
The fresh
slippages of loans stood at Rs 2345 crore in Q1FY2026 compared with 2567 crore
in previous quarter and Rs 23...
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