Union Bank of India logs 12% rise in internet to 4,116 crore in Q1

The Mumbai-based lender had earned a internet revenue of ₹3,679 crore in the identical quarter of the earlier fiscal 12 months.

The complete earnings rose to ₹31,791 crore throughout the June 2025 quarter from ₹30,874 crore within the year-ago interval, Union Bank of India mentioned in a regulatory submitting.

Interest earned by the financial institution improved to ₹27,296 crore in comparison with ₹26,364 crore within the June quarter of FY25.

However, internet curiosity earnings declined to ₹9,113 crore throughout the quarter towards ₹9,412 crore a 12 months in the past.

The financial institution’s working revenue additionally dropped 11% to ₹6,909 crore from ₹7,785 crore in the identical quarter of the previous fiscal.

The financial institution’s asset high quality confirmed enchancment as gross non-performing belongings (NPAs) declined to three.52% of gross advances on the finish of the June quarter from 4.54% a 12 months in the past.

Its gross advance elevated by 6.83% to ₹9,74,489 crore from ₹9,12,214 crore on the finish of June 2024.

Similarly, its internet NPAs, or dangerous loans, declined to 0.62% towards 0.90% within the year-ago interval.

As a consequence, provisions for dangerous loans declined to ₹1,153 crore throughout the first quarter in comparison with ₹1,651 crore a 12 months in the past.

Provision Coverage Ratio (PCR) improved to 94.65% from 93.49%, an enchancment of 116 bps.

At the identical time, Return on Assets (ROA) rose to 1.11% for June 2025, from 1.06% in June 2024, registering an enchancment of 5 bps, the lender mentioned.

Capital adequacy ratio of the financial institution rose to 18.3% from 17.02% in the identical quarter of FY25.

The complete enterprise grew by 5% to ₹22,14,422 crore from ₹21,08,762 crore on the finish of June 2024.