Union Bank of India has reported a 12% year-on-year increase in its net profit for the first quarter of FY26, reaching Rs. 4,116 crore. The rise in profitability was driven by improved interest income, a healthier asset profile, and robust operational performance. Despite a slight uptick in provisions, the bank maintained strong credit growth and reported better-than-expected asset quality figures. These results reflect a sustained turnaround for the public sector lender, supported by structural reforms, digital initiatives, and favorable macroeconomic conditions.