Board approves unaudited reviewed Q2 and H1 results; auditors' Limited Review Report placed before the Board
Board met on October 19, 2026 (10.00 a.m. to 11.55 a.m.) and approved unaudited reviewed standalone and consolidated results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 2 min read
- Standalone Net Profit - Q2
- Rs. 5,53,720 lakh in Q2
- Standalone Net Profit - H1
- Rs. 10,86,950 lakh in H1
- Deviation in use of issue proceeds
- NIL deviation in use of issue proceeds
What the Board approved
Union Bank of India's Board, at its meeting on October 19, 2026 (10.00 a.m. to 11.55 a.m.), approved the unaudited reviewed standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The Limited Review Report of the Statutory Central Auditors on these results was placed before the Board, and the results are also made available on the Bank's website.
Standalone numbers (Rs. in lakh, as printed)
- Total Income, quarter ended 30.09.2026: 32,80,929
- Net Profit for the period, quarter ended 30.09.2026: 5,53,720
- Net Profit for the period, half year ended 30.09.2026: 10,86,950, against 8,36,461 for the half year ended 30.09.2025
Asset quality and capital ratios (standalone, as printed)
- Gross NPAs: 2.42%
- Net NPAs: 0.42%
- CET 1 Ratio: 16.05%
- Capital Adequacy Ratio (Basel III): 17.94%
Other items covered at the meeting
- Statement of Assets and Liabilities for the half year ended September 30, 2026
- Statement of Cash Flows for the half year ended September 30, 2026
- NIL Statement of Deviation/variation in utilisation of proceeds of issue of equity shares and Basel III Compliant Non-Convertible Debt Bonds for the quarter/half year ended September 30, 2026
- NIL Security Cover certificate as on September 30, 2026 for Non-Convertible Debt Securities, submitted by the Statutory Central Auditors
Reading it as a retail investor
- These are reviewed but unaudited numbers; the statutory audit for the full year comes at a later stage.
- For a bank, "Net Profit for the period" is the bottom line. On a standalone basis it was 5,53,720 lakh for the quarter and 10,86,950 lakh for the half year, compared with 8,36,461 lakh in the same half of the previous year.
- "Gross NPAs" at 2.42% and "Net NPAs" at 0.42% are the standard measures of stress in the loan book; the lower the ratio, the smaller the share of loans not being repaid on time.
- The CET 1 Ratio of 16.05% and Capital Adequacy Ratio (Basel III) of 17.94% describe the capital cushion a bank holds against loan losses.
- A NIL deviation statement indicates that, for the period, the Bank reported no deviation or variation in the way money raised through equity shares and Basel III Compliant Non-Convertible Debt Bonds was used.
- The Board also approved the consolidated results along with the standalone ones, so the group and the Bank-only pictures are both covered.
Also from Union Bank of India
Union Bank of India reported Q2 profit up 30%, the highest growth among banks, helped by 18.5% advances growth and a 20 basis point rise in NIMs, though deposit growth lagged below 7%
21 Oct 2026
Union Bank of India management discussed deposit growth, CD ratio, liquidity and treasury income trends in an earnings interview
21 Oct 2026
Audio recording of post earnings call for September 2026 quarter made available
19 Oct 2026
More numbers
- Total Income, standalone, quarter ended 30.09.2026 (Rs. in lakh)32,80,929
- Net Profit for the period, standalone, quarter ended 30.09.2026 (Rs. in lakh)5,53,720
- Net Profit for the period, standalone, half year ended 30.09.2026 (Rs. in lakh)10,86,950
- Net Profit for the period, standalone, half year ended 30.09.2025 (Rs. in lakh)8,36,461
- Gross NPAs, standalone2.42%
- Net NPAs, standalone0.42%
- CET 1 Ratio, standalone16.05%
- Capital Adequacy Ratio (Basel III), standalone17.94%
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