Union Bank of India Q4 profit rises 3% YoY to ₹5,315 crore, NII falls; ₹5/share dividend declared

In the corresponding period of the previous fiscal year, it had logged a profit of ₹4,984.92 crore, according to a regulatory filing.

However, its net interest income (NII) fell 1.13% YoY to ₹9,406 crore for the reporting quarter, compared to ₹9,514 crore in the March quarter of the 2024-26 fiscal year (Q4 FY25).

Furthermore, its net interest margin contracted to 2.64% in Q4 FY26, as against 2.97% in the year-ago period.

Its asset quality improved, with its gross non-performing assets (GNPA) declining to 2.82% during the quarter under review, from 3.06% in the previous quarter and 3.60% in Q4 FY25.

Union Bank of India’s net non-performing assets also improved to 0.48%, in comparison to 0.51% in the December quarter of FY26 and 0.63% in Q4 of the last fiscal year.

Key highlights

• The bank’s total business surged 5.78% YoY to ₹23.85 lakh crore as on March 31, 2026, wherein gross advances increased by 9.74% YoY and total deposits grew by 2.72% YoY.
• Its global deposit base stood at ₹13.07 lakh crore as on March 31, 2026, marking a 2.72% YoY jump.
• Its retail, agri and MSME (RAM) segment recorded a 12.56% YoY growth, with retail surging 16.75% YoY and MSME advancing 16.75% YoY.
• During FY26, its return on assets (ROA) and return on equity (ROE) stood at 1.25% and 15.86%, respectively.
• It has a network of 8,697 branches, including foreign ones. Its ATM count was at 8,656.

Final dividend

Union Bank of India’s board of directors also recommended a dividend of ₹5 per equity share with a face value of ₹10 each for FY26.

“The payment of dividend is subject to obtaining the necessary statutory approvals and the approval of the shareholders of the Bank at the ensuing 24 th Annual General Meeting (AGM),” the bank said.

The date of the AGM, the book closure for AGM and the dividend will be intimated in due course, it added.

Shares of Union Bank of India fell over 8% to hit an intraday low of ₹178 apiece on the National Stock Exchange (NSE) on Thursday, following the result announcement.