Union Bank of India Reports 2QFY27 Profit of INR55.4 Billion
Union Bank of India reported 2QFY27 PAT of INR55.4 billion, up 30% year over year and 4% quarter over quarter, according to Motilal Oswal. The report describes the result as an 11% beat.
Union Bank of India (UNBK) reported 2QFY27 profit after tax of INR55.4b, up 30% YoY and 4% QoQ, and 11% above estimates. Strong net interest income growth and lower provisions supported the result. Net interest income rose 20% YoY and 5% QoQ to INR105.8b, 8% above estimates. The increase was supported by strong net interest margins, which gained 6bp QoQ to 2.86% versus…