Union Bank of India Reports Strong Financial Metrics and Low NPA Levels

Union Bank of India, a prominent player in the public sector banking industry, has recently undergone an adjustment in evaluation. This revision reflects the bank's robust financial metrics and market position. The bank reported positive financial performance for the first quarter of FY25-26, showcasing a strong provision coverage ratio of 76.46%, indicating prudent risk management practices.
Long-term growth indicators are noteworthy, with a compound annual growth rate (CAGR) of 132.49% in net profits and a healthy annual growth rate of 21.91% in net interest income, excluding other income. The bank has consistently declared positive results over the last four quarters, further solidifying its financial stability.

Additionally, Union Bank's gross non-performing assets (NPA) stand at a low 3.52%, while its profit after tax for the latest six months reached Rs 9,100.45 crore, reflecting a growth of 30.20%. The bank's cash and cash equivalents are at their highest, amounting to Rs 97,820.20 crore.

With a return on assets (ROA) of 1.2 and a price-to-book value of 0.8, Union Bank is positioned attractively compared to its peers. Institutional investors have also shown increased participation, raising their stake by 0.89% in the last quarter, which indicates confidence in the bank's fundamentals.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.