Union Financial institution Q1 Outcomes: Public sector lender Union Financial institution of India on Saturday declared itsfinancial outcomes for the primary quarter (Q1) ended on June 30, 2025.
The financial institution reported round 12% rise in its web revenue at ₹4,115.5 crore for thefirst quarter of the present fiscal yr 2026, when in comparison with Rs3,679 crore a yr in the past.
The overall earnings rose to ₹31,791 crore through the June quarter from ₹30,874 crore within the yr in the past interval.
Its whole enterprise grew by 5% to ₹22,14,422 crore from ₹21,08,762 crore on the finish of June 2024.Its web curiosity earnings (NII) declined 3.2% at ₹9,112.6 crore in Q1 of FY26 from ₹9,412 crore in the identical quarter final fiscal yr.
Provisions and contingencies for the June quarter rose to ₹1,664.5 crore from ₹1,543.9 crore within the March quarter of the fiscal yr 2025.
Whereas provisions for non-performing property (NPAs) fell to ₹1,152 crore within the reported quarter from ₹1,675.7 crore in January-March.
Shares of Union Financial institution of India on Friday closed little modified at ₹146.5. To date this yr, the inventory has gained 20%.
Lending Price Reduce
Final month, the state-owned lender slashed its lending fee by 50 foundation factors (bps) in keeping with the speed moderation performed by the Reserve Financial institution of IndiaRBI).
The adjustments embody downward revision of exterior benchmark lending fee (EBLR) and repo linked lending fee (RLLR) by 50 foundation factors, the Union Financial institution had stated in an announcement.
The brand new charges will likely be useful to new and present retail (house, automobile, private, and so on.) and MSME debtors, the financial institution added.
The RBI had decreased rates of interest by a larger-than-expected 50 foundation factors, and unexpectedly reduce the money reserve ratio (CRR) for banks to make out there more cash to lend in a bid to spice up the financial system.
The RBI’s six-member financial coverage committee, headed by Governor Sanjay Malhotra and consisting of three exterior members, voted 5 to 1 to decrease the benchmark repurchase or repo fee by 50 foundation factors to five.5%.