Union Bank of India — Investor Meet, 25-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Union Bank reported Q1 FY26 net profit of ₹4,116 Cr (+12% YoY), with ROA at 1.11% and ROE over 15%. Net Interest Margin (NIM) moderated to 2.76% (down 11 bps QoQ) due to rate transmission on advances. Overall credit grew 6.8%, led by Retail (+26%) and MSME (+18%). The bank strategically reduced bulk deposits and low-yield corporate loans to protect margins. Capital adequacy remains strong at 18.3%. NPA ratios improved, and provision coverage rose to ~95%. Management aims for ROA above 1% this fiscal, expecting NIMs to moderate by 20-25 bps, partly offset by CRR cuts. Recovery efforts are underway.