Try GOLD - Free
Union Bank beats estimates, profit rises to ₹5,017 crore
Financial Express Lucknow
|January 15, 2026
80% decline in provisions boosts numbers
UNION BANK OF India on Wednesday reported a 9% rise in its net profit to 5,017 crore for the December quarter.
According to Bloomberg estimates, the lender was expected to report a net profit of ₹3,872 crore. The rise in the bottom line was due to a sharp fall in provisions and an improvement in the asset quality.
Provisions and contingencies, excluding tax provisions, fell nearly 80% on year to ₹322 crore and tax expenses rose to ₹1,603 crore, taking the total provisions to ₹1,825 crore during the reporting quarter. Credit cost moderated to 0.09% from 0.22% a quarter ago. The provision coverage ratio stood at 95.13%.
This story is from the January 15, 2026 edition of Financial Express Lucknow.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Lucknow
Financial Express Lucknow
HDFC Life profit flat despite premium growth
HDFC LIFE INSURANCE on Thursday reported a muted growth in its net profit for the third quarter at ₹421 crore, compared with ₹415 crore in the year-ago period.
1 min
January 16, 2026
Financial Express Lucknow
Copper, silver pull back from record high levels
PRICES OF COPPER and silver retreated from record high levels on Thursday.
2 mins
January 16, 2026
Financial Express Lucknow
The power & perils of personal branding
The strategic upside is worth it
1 mins
January 16, 2026
Financial Express Lucknow
NMIAL refutes telcos’ claims on network access
POOR SIGNAL
1 min
January 16, 2026
Financial Express Lucknow
Gaming industry flags offshore betting threat
GOVT SET TO NOTIFY FINAL ONLINE GAMING NORMS SOON
2 mins
January 16, 2026
Financial Express Lucknow
LLM, deeptech incentives top on startups’ wish list
POLICY SUPPORT NECESSARY FOR INDIGENOUS AI, SAY FOUNDERS
2 mins
January 16, 2026
Financial Express Lucknow
Trump dials down Iran tensions
• US redeploys personnel in Qatar amid Iranian threats
1 min
January 16, 2026
Financial Express Lucknow
‘In-principle’ nod to NSE’s plea in unfair access case
THE SECURITIES AND Exchange Board of India (Sebi) has given an in-principle approval for the resolution of the National Stock Exchange’s (NSE) unfair market access case, Sebi Chairman Tuhin Kanta Pandey said on Thursday.
1 min
January 16, 2026
Financial Express Lucknow
I-PAC raids: Apex court issues notice to Bengal CM
IN A JOLT to Mamata Banerjee, the Supreme Court on Thursday said the West Bengal chief minister’s alleged “obstruction” in Enforcement Directorate’s probe is “very serious” and agreed to examine if a state’s law-enforcing agencies can interfere with any central agency’s investigation into any serious offence as it stayed FIRs against the agency’s officials who raided political consultancy I-PAC on January 8.
1 min
January 16, 2026
Financial Express Lucknow
Tiger Global’s Flipkart stake
TAX EXPERTS SAID while the ruling maybe technically sound and rightly affirmed India’s legitimate tax sovereignty, it could send wrong signals to foreign investors at a time India is facing large scale net outflow of foreign portfolio investments.
2 mins
January 16, 2026
Listen
Translate
Change font size