Union Bank of India rallies after Q2 PAT climbs 30% YoY to Rs 5,537 cr
Mumbai, Oct. 19 -- Net interest income (NII) increased 20.09% year-on-year to Rs 10,583 crore. The bank's net interest margin (NIM) improved to 2.86% as of 30 September 2026, compared with 2.67% a year earlier.
The bank's global business grew 12.01% year-on-year to Rs 24,75,330 crore during the quarter. Global advances increased 18.53% to Rs 11,55,876 crore, while global deposits rose 6.87% to Rs 13,19,455 crore.
The retail, agriculture and MSME (RAM) segment recorded 14.65% growth year-on-year to Rs 6,35,527 crore. Within the segment, retail advances grew 11.24%, while MSME advances increased 22.39%. RAM advances accounted for 57.47% of the bank's domestic advances.
Asset quality also improved during the quarter. Gross non-performing ...
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