Union Bank of India reported a standalone net profit of ₹4,985 crore for the fourth quarter, up about 51 per cent year-on-year (y-o-y), driven by strong growth in other income and a decline in tax expenses.
India’s fifth-largest public sector bank had recorded a net profit of ₹3,311 crore in the same period last year. The bank’s board has recommended a dividend of ₹4.75 per equity share of ₹10 each (47.50 per cent) for FY25.
Net interest income (the difference between interest earned and interest expended) rose marginally to ₹9,514 crore from ₹9,437 crore in Q4FY24.
Other income rose 18 per cent y-o-y to ₹5,559 crore (₹4,707 crore). This includes income/commission from non-fund-based banking activities, fee income, earnings from foreign exchange, profit on sale of assets, dividends from subsidiaries, recovery from written-off accounts, etc.
Provisions for non-performing assets (NPAs) increased 13 per cent y-o-y to ₹1,676 crore (₹1,485 crore).
Gross NPAs improved to 3.6 per cent of gross advances as of March-end 2025, from 4.76 per cent at March-end 2024. Net NPAs also improved to 0.63 per cent of net advances from 1.03 per cent.
Deposits rose 7 per cent y-o-y to ₹13,09,750 crore as of March-end 2025, while advances grew 9.5 per cent y-o-y to ₹9,53,513 crore.
Published on May 8, 2025
