Union Bank Q1 FY26 net profit grew 11.87% YoY, with lower NPAs and stronger capital ratios despite margin pressure.

• Net interest income declined 3.18% YoY; NIM contracted to 2.76% from 3.05% in the previous year.
• GNPA and net NPA ratios improved to 3.52% and 0.62%, reflecting better asset quality and reduced bad loans.
• Total business grew 5.01% YoY; RAM advances rose 10.34%, led by retail and MSME loan growth.