Union Bank of India posts ₹50.17B Q3 profit; asset quality steady at 3.06% gross NPA

Union Bank of India delivered a strong Q3 performance, balancing profitability with prudent provisioning and stable asset quality. Recent coverage of the bank’s quarterly trends highlights consistent earnings momentum and disciplined risk controls across cycles.

Notable updates

Net profit: ₹50.17 billion, reflecting solid bottom-line performance.

Interest earned: ₹264.43 billion, indicating healthy loan book traction and stable yields.

Major takeaways

Provisions & contingencies: ₹3.22 billion, underscoring a cautious stance amid evolving credit conditions.

Asset quality: Gross NPA at 3.06%, signaling effective recovery and credit monitoring.

Important points

Risk discipline: Provisioning levels remain aligned with regulatory expectations and internal risk buffers.

Earnings quality: Strong interest income supports core profitability, even as the bank maintains conservative coverage.

Operational resilience: The combination of steady NPAs and robust profit points to durable performance.

Sources: CNBC-TV18; The Hindu BusinessLine; LiveMint