Infocomm Infocomm
24th NBFC100 TECH SUMMIT AWARDS 24th NBFC100 TECH SUMMIT AWARDS
BFSI AI SUMMIT BFSI AI SUMMIT
Home Regulators RBI SEBI TechINFRA Security Data Centre Cloud Services Government Reforms DBT Aadhaar GST Payments Payment Gateways ATM Point of Sale Payment Wallets Fintech Apps Banks Public Sector Private Sector Cooperative NBFCs Year Ender Magazine Magazine Subscription Articles Interviews Webinars Webinar Videos Video Series — Innovation Talk Upcoming Initiatives BFSI Events About Us Contact Us

Union Bank profits slip 68% in first quarter

Union Bank Of India

TheUNION-BANK-OF-INDIA- Union Bank has reported a 67.90 per cent decline in net profit to Rs. 166.30 crore in the quarter ended June 30 from Rs. 518.80 crore recorded in the corresponding period last year.

The net profit for the state-run lender in the quarter, however, was 72.2% higher over the January-March period.

AdvertisementElets BFSI AI Summit & Awards, Mumbai

Global business in the quarter grew by 4.2 % to Rs 6,07,280 crore on June 30, 2016, from Rs 5,82,817 crore registered on June 30, 2015.

AdvertisementSAAS

Net Non-performing assets (NPA) ratio was 6.16% as on June 30, 2016 against 3.08% as on June 30 last year. Capital adequacy ratio of the bank under Basel III stood at 10.75% in the quarter ended June 30, increase over 10.14% in June 2015.

According to the bank, its domestic net interest margin (NIM) stood at 2.36% for April-June 2016, compared with 2.46% in the year-ago period. Net interest income for April-June period was at Rs 2,103 crore as against Rs 2,130 crore in the same period last year.

AdvertisementInfoComm India 2026

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram.

Our Coverage of Banks

City Union Bank Q2 FY27 Profit Rises 27% to ₹416 Crore as NII Jumps 31%; NIM Improves to 3.87%, Net NPA Falls to 0.48%

City Union Bank has reported a 27 per cent year-on-year rise in net profit to ₹416 crore for… Read more →

Karnataka Bank Q2 FY27 Profit Rises 37% to ₹435.89 Crore as NII Jumps 35%; Aggregate Business Hits Record ₹2.07 Lakh Crore

Karnataka Bank has reported a 36.6 per cent year-on-year rise in net profit to ₹435.89 crore for the… Read more →

Bandhan Bank Q2 FY27 Profit Jumps Over Five-Fold to ₹622 Crore as Provisions Fall; GNPA Eases to 3.1%

Bandhan Bank reported a net profit of ₹622 crore for the second quarter of FY27 (July–September 2026), more… Read more →

Credit Card Additions Hit 1.26 Million in September, Second-Highest of 2026; HDFC Bank and Axis Bank Lead

India's credit card issuers stepped up acquisitions ahead of the peak festive season, adding a net 1.26 million… Read more →

Banking System Liquidity Surplus Shrinks to ₹46,200 Crore as RBI Keeps Cash Tight to Defend the Rupee

The cash cushion that Indian banks built up over the summer is thinning out fast. Surplus liquidity in… Read more →

First Abu Dhabi Bank Scouts for an Indian Bank Buy; Bandhan Bank Denies Any Acquisition Talks

Bandhan Bank has firmly rejected market speculation linking it to a possible acquisition by First Abu Dhabi Bank… Read more →

whatsapp--v1