(THE NEWSMAN OF INDIA.COM) Union Bank of India has once again demonstrated its robust financial foundation and prudent management, reporting an impressive 12% rise in net profit to Rs 4,116 crore for the first quarter of the current financial year. This performance marks a steady improvement over the Rs 3,679 crore net profit recorded during the same period last year.

The bank’s total income rose to Rs 31,791 crore in the June 2025 quarter, compared to Rs 30,874 crore in the corresponding quarter of the previous fiscal. A major driver of this growth was the rise in interest income, which climbed to Rs 27,296 crore from Rs 26,364 crore, reflecting the bank’s effective lending strategies and efficient asset deployment.

Union Bank of India’s Q1 results are not only financially encouraging but also underscore its disciplined approach to risk and recovery. The gross non-performing assets (NPAs) declined significantly to 3.52% of gross advances, down from 4.54% a year ago—indicating better asset quality, improved credit monitoring, and strong recovery mechanisms.

The bank’s performance reflects a balanced focus on growth, efficiency, and stability. Union Bank of India continues to position itself as a leading player in India’s banking landscape, delivering value to stakeholders while upholding the principles of sound banking.

This positive momentum is expected to further enhance customer confidence and investor trust, as the bank remains committed to digital transformation, inclusive banking, and financial excellence.