Union Bank Q4 FY26 Results: Net Profit Up 6.6% YoY Despite NII Dip, Provisions Surge, Asset Quality Improves, Dividend Recommended at Rs 5/Share

Union Bank of India reported a 6.6% year-on-year increase in net profit for the fourth quarter of the financial year 2025-26, reaching Rs 5,316 crore, despite a slight decline in net interest income and a sharp rise in provisions during the quarter.

The bank’s net interest income slipped 1.1% YoY to Rs 9,406 crore from Rs 9,514 crore in the corresponding period of the previous fiscal year, according to its regulatory filing. However, provisions saw a nearly threefold increase, rising to Rs 1,055 crore from Rs 322 crore in the December 2025 quarter.

Asset quality showed improvement during the quarter, with gross non-performing assets (NPAs) declining to 2.82% from 3.06% on a sequential basis and from 3.60% in the same quarter of the previous financial year. Net NPA also eased to 0.48% from 0.51% sequentially and from 0.63% in Q4 FY25.

Global advances rose nearly 10% YoY to Rs 10.78 lakh crore, while global deposits increased 2.7% to Rs 13.06 lakh crore during the quarter, reflecting steady growth in the bank’s core lending and funding books.

Alongside the financial results, the bank’s board recommended a dividend of Rs 5 per equity share of face value Rs 10 for the financial year 2025-26. The payout remains subject to necessary statutory approvals and shareholder consent at the upcoming 24th Annual General Meeting.

Details regarding the AGM date, book closure period for the dividend, and other procedural matters will be announced by the bank in due course.

The results were disclosed by Union Bank of India on April 23, 2026, covering the quarter ended March 31, 2026.