Union Bank of India Reports 9% Net Profit Rise in Q3 FY26 Amidst Improved Asset Quality

Union Bank of India reported a 9% year-on-year rise in net profit to ₹5,017 crore for the December quarter of FY26. Net interest income increased by 1% to ₹9,328 crore. The bank saw improvements in asset quality, with gross non-performing assets (NPAs) falling to 3.06% and net NPAs to 0.51%. Total business grew 5.04% to ₹22.40 trillion. The positive financial results and easing bad loans led to an 8% surge in the bank's share price.