What was filed
Union Bank of India filed its limited-reviewed standalone and consolidated results for the quarter ended June 30, 2026, approved by the Board at its meeting on July 15, 2026. The Statutory Central Auditors issued an unmodified limited-review opinion. The Government of India continues to hold 74.76% of the bank, per the filing.
Profit and asset quality
The filing shows year-on-year growth in both standalone and consolidated net profit against the June 2025 quarter, which the bank attributes to higher operating profit and lower provisions than a year earlier. Asset quality also moved lower on the headline ratios: both the gross NPA ratio and the net NPA ratio declined from the year-ago quarter, provision coverage rose from 94.65% a year earlier, and capital adequacy under Basel III strengthened over the same period. For a government-majority lender, these are the metrics through which a holder tracks the balance sheet quarter to quarter.
Notable disclosures in the notes
Several one-off items sit in the notes. During the quarter the bank exercised a call option to redeem Basel III-compliant Tier-II bonds, and it transferred an Investment Fluctuation Reserve to General Reserve following an RBI direction on investment-portfolio classification. The bank reported 34 fraud cases involving ₹273.65 crore, stated to be fully provided. It also added to a contingency provision that stood at ₹800 crore at quarter-end, which the filing says is not counted within PCR or CRAR.