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📊 Union Bank of India posts 30% profit growth and a 20% rise in net interest income in Q2. 📉 Gross NPA improves to 2.42%, while lower provisions support profitability. ✍️ Hormaz Fatakia analyses the key numbers behind the lender’s performance. https://lnkd.in/gHa4VMX7 #UnionBank #Q2Results #PSUBanks #BankingStocks…
Union Bank of India on Monday reported a 30.6 per cent year-on-year increase in consolidated net profit to ₹5,781 crore for the quarter ended September 30, 2026
Net interest income grew 20.09% to Rs 10,583 crore, while provisions remained largely unchanged and asset quality improved despite a decline in non-interest income