Union Bank Q3 Profit Jumps 9%, Shares Hit One-Year High on Improved Asset Quality

• Union Bank of India reported an 8.97% year-on-year increase in net profit to ₹5,016.77 crore for Q3 FY2026.
• Net interest income (NII) rose by 0.95% to ₹9,327.93 crore, despite a 7.34% decline in operating profit.
• The bank's asset quality significantly improved, with Gross NPA ratio falling to 3.06% and Net NPA ratio to 0.51%.
• Union Bank shares surged 8.03% to ₹179.50, reaching a one-year high of ₹180.75 intraday.
• Analysts maintain a positive outlook, with 11 out of 15 recommending a 'buy' rating for the stock.

Why It Matters: Union Bank's strong Q3 profit growth and improved asset quality propelled its shares to a one-year high.