State-owned Union Bank of India on Saturday (July 19, 2025) reported a 12% rise in net revenue to ₹4,116 crore through the first quarter of this monetary yr.
The Mumbai-based lender had earned a net revenue of ₹3,679 crore in the identical quarter of the earlier fiscal yr.
The complete revenue rose to ₹31,791 crore through the June 2025 quarter from ₹30,874 crore in the year-ago interval, Union Bank of India stated in a regulatory submitting.
Interest earned by the financial institution improved to ₹27,296 crore in contrast to ₹26,364 crore in the June quarter of FY25.
However, net curiosity revenue declined to ₹9,113 crore through the quarter in opposition to ₹9,412 crore a yr in the past.
The financial institution’s working revenue additionally dropped 11% to ₹6,909 crore from ₹7,785 crore in the identical quarter of the previous fiscal.
The financial institution’s asset high quality confirmed enchancment as gross non-performing property (NPAs) declined to 3.52% of gross advances on the finish of the June quarter from 4.54% a yr in the past.
Its gross advance elevated by 6.83% to ₹9,74,489 crore from ₹9,12,214 crore on the finish of June 2024.
Similarly, its net NPAs, or dangerous loans, declined to 0.62% in opposition to 0.90% in the year-ago interval.
As a outcome, provisions for dangerous loans declined to ₹1,153 crore through the first quarter in contrast to ₹1,651 crore a yr in the past.
Provision Coverage Ratio (PCR) improved to 94.65% from 93.49%, an enchancment of 116 bps.
At the identical time, Return on Assets (ROA) rose to 1.11% for June 2025, from 1.06% in June 2024, registering an enchancment of 5 bps, the lender stated.
Capital adequacy ratio of the financial institution rose to 18.3% from 17.02% in the identical quarter of FY25.
The complete enterprise grew by 5% to ₹22,14,422 crore from ₹21,08,762 crore on the finish of June 2024.
