Union Bank of India's share price jumps 7% on 18% QoQ rise in Q3 net profit

Shares of Union Bank of India jumped over 6% in the afternoon as the bank announced.The Q3FY26 earnings were announced earlier today. The public sector bank’s net profit jumped to ₹5,017 crore. The shares traded 6.9% higher at ₹177 apiece on the NSE at 1:15 pm.

Q3FY26 results

Union Bank of India reported a steady set of earnings as its net-interest income remained largely unchanged at ₹9,328 crore, as against ₹9,240 crore in the same period last year. The net-interest margins trimmed down to 2.76% from 2.91% in Q3FY25. On a sequential basis, the net interest income jumped 5.8% QoQ with flattish interest income growth.

On the asset quality front, the bank posted a great improvement in GNPA and NNPA. The GNPA improved 79 bps to 3.06% and NNPA improved 31 bps to 0.51%.

On the business front, the total business of the bank increased by 5.04% YoY, wherein gross advances increased by 7.13% YoY & total deposits grew by 3.36% YoY. The bank has a total Business of ₹22,39,740 Crores as on December 31, 2025. The global deposits have increased by 3.36% YoY. Bank now has a total deposit base of ₹12,22,856 Crores as on December 31, 2025.

The retail segment largely contributed to the growth in advances as the segment increased by 11.5% YoY, with in 21.67% growth in Retail and 19.75% growth in MSME advances is achieved on a YoY basis.

The bank’s credit deposit ratio edged up in the December quarter at 83.8 vs 79.6 in the Q2FY26; however, still comfortable under the affordable range. The bank succeeded in maintaining healthy margin growth by containing the cost of deposits.