Asheesh Pandey, MD & CEO
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Union Bank of India (UBoI) reported a 9 per cent year-on-year (y-o-y) increase in third quarter (Q3FY26) standalone net profit at ₹5,017 crore, with the bottomline supported by lower provisioning burden, including towards bad loans. The public sector bank had reported a net profit of ₹4,604 crore in the year-ago quarter. Net profit in the reporting quarter is up 18 per cent on a sequential (quarter-on-quarter) basis over the preceding quarter’s ₹4,249 crore.
Net interest income (difference between interest earned and interest expended) in the reporting quarter inched up 0.95 per cent y-o-y to ₹9,328 crore (₹9,240 crore in the year-ago period).
Other income, including fee-based income, treasury income, recovery in written-off account and interest on income-tax refund, nudged up about 3 per cent to ₹4,541 crore (₹4,417 crore).
As of December-end 2025, total deposits and advances increased 3 per cent y-o-y to ₹12,22,260 crore and 7 per cent y-o-y to ₹10,16,884 crore), respectively.
bulk deposits
Asheesh Pandey, MD & CEO, noted that the bank shed bulk deposits aggregating ₹40,000 crore during the quarter, even as low-cost CASA (current account, savings account) deposits increased by ₹13,240 crore.
He underscored that while going for business (loans), the bank is watchful about the liquidity situation. The credit-deposit ratio rose to about 85 per cent from about 80 per cent in the preceding quarter.
Pandey said the bank has a corporate loan sanctions pipeline of around ₹24,000 crore, which will be disbursed over a period of time. Further, corporate loans of ₹40,000 crore are being screened for sanctions.
While provisioning for non-performing assets (NPAs) declined to ₹235 crore (Rs 1,477 crore), provision for standard assets rose to ₹176 crore (against a write back of ₹32 crore).
Net interest margin (NIM) declined to 2.76 per cent against 2.91 per cent in the year-ago period. Gross Non-Performing Assets (NPAs) position improved to 3.06 per cent of gross advances as of December-end 2025 against 3.85 per cent as of December-end 2024. Net NPAs position too improved to 0.51 per cent of net advances against 0.82 per cent.
Within gross advances, RAM (retail, agriculture and MSME) advances and corporate & other advances were up by11.50 per cent and 5 per cent, respectively. Pandey expects RAM, large corporate and other loan mix to move 60:40 over the next few quarter from 57:43 now.
Within total deposits, the share of CASA deposits improved to 33.96 per cent from 33.43 per cent in the year-ago quarter.
UBoI shares closed at ₹179.50apiece, up 8 per cent over the previous close on the BSE.
Published on January 14, 2026
