Union Bank of India declares ₹5/share dividend, FY26 Net Profit at ₹18,697 Cr
Union Bank of India declared a dividend of ₹5 per share for FY26. Net profit stood at ₹18,697 crore, with interest income at ₹1,05,992 crore. Total business grew 5.78% YoY to ₹23,85,502 crore. Gross NPA reduced to 2.82% and Net NPA to 0.48%.
The declaration of a dividend, significant net profit, and strong business growth figures are material information that can significantly influence investor decisions and the company's stock performance.
The announcement reports a recommended dividend, increased net profit, business growth, and reduction in NPAs, all of which are positive indicators for the bank.
Union Bank of India's Board of Directors has approved the audited financial results for the quarter and year ended March 31, 2026. The Board has recommended a dividend of ₹5.00 per equity share, representing 50% of the face value of ₹10 per share, subject to necessary approvals.
For the financial year 2026, the Bank reported a net profit of ₹18,697 crore and an interest income of ₹1,05,992 crore. Total business grew by 5.78% year-on-year to ₹23,85,502 crore, with gross advances increasing by 9.74% and total deposits growing by 2.72% YoY.
Global deposits saw a YoY increase of 2.72%, reaching ₹13,06,891 crore. The Retail, Agri, and MSME (RAM) segments showed robust growth, with RAM advances increasing by 12.56% YoY. Retail segment grew by 16.75% and MSME advances by 18.75% YoY. The RAM advances constitute 57.49% of domestic advances.
The bank reported a reduction in Non-Performing Assets (NPAs), with Gross NPA at 2.82% (down 78 bps YoY) and Net NPA at 0.48% (down 15 bps YoY). Capital Ratios remained strong, with CRAR at 18.10% and CET-1 ratio improving to 15.69% from 14.98% in the previous year.
Returns on Assets (RoA) and Returns on Equity (RoE) for FY26 were 1.25% and 15.86%, respectively. The bank also highlighted its network of 8,697 branches and 8,656 ATMs, along with its participation in various financial inclusion schemes. Notably, the Union Nari Shakti Scheme sanctioned 3,080 applications for ₹560 crore in Q4FY26, and credit facilities for green initiatives amounted to ₹33,572 crore for renewable energy and ₹2,084 crore for green vehicles as of March 31, 2026.
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Union Bank of India filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Union Bank of India. Read the original for the full detail.