मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
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Union Bank beats estimates, profit rises to ₹5,017 crore
Financial Express Mumbai
|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%.
यह कहानी Financial Express Mumbai के January 15, 2026 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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