Union Bank Of India Q1 Profit Soars 30% To ₹5,332 Crore

Union Bank of India reported a strong Q1FY27 performance, with net profit rising 30% year-on-year to ₹5,332 crore, driven by higher operating profit. Operating profit increased 16% to ₹8,003 crore, while gross advances grew 12.5%. The bank's total business reached ₹23.80 lakh crore, and deposits climbed 3.5%, reflecting steady growth and improved performance.