Union Bank of India has delivered a mixed performance in the third quarter, combining solid profit growth and enhanced asset quality metrics with a decline in interest income. The bank's latest results demonstrate effective management strategies across profitability and risk parameters, though revenue pressures remain evident in the competitive banking environment.

Financial Performance Overview

The bank's third quarter results showcase strong growth in profitability metrics alongside improved asset quality indicators, though interest income faced headwinds. The financial performance reflects the bank's strategic focus on sustainable growth while maintaining operational efficiency amid challenging market conditions.

Asset Quality Improvement

Union Bank of India demonstrated significant improvement in asset quality parameters during the third quarter. The bank's non-performing asset ratios showed positive movement, indicating effective risk management and recovery strategies that continue to strengthen the balance sheet.

Revenue and Profitability Analysis

Despite achieving net profit growth of 8.6% to ₹5,000.00 crores from ₹4,603.00 crores in the corresponding quarter of the previous year, the bank faced pressure on interest income. Interest earnings declined to ₹26,440.00 crores from ₹26,960.00 crores, representing a 1.9% year-on-year decrease of ₹520.00 crores.

The Gross NPA ratio improved to 3.06% from 3.29% on a quarter-on-quarter basis, while the Net NPA ratio declined to 0.51% from 0.55%. These improvements indicate successful credit risk management and portfolio quality enhancement efforts.

Banking Sector Positioning

The contrasting trends in profitability growth and interest income decline reflect the complex operating environment facing the banking sector. Union Bank of India's ability to maintain profit growth despite revenue pressures demonstrates effective cost management and operational efficiency. The continued improvement in asset quality metrics, combined with sustained profitability, positions the bank strategically within the competitive banking landscape while highlighting the importance of diversified revenue streams and prudent risk management.

Union Bank of India has submitted its quarterly compliance certificate under SEBI regulations for the quarter ended December 31, 2025. The bank filed the mandatory certificate on January 12, 2026, demonstrating adherence to regulatory requirements for dematerialisation processes.

Regulatory Compliance Details

The certificate was filed under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. This regulation mandates listed companies to provide quarterly confirmations regarding their dematerialisation processes and compliance with depository requirements.

Stock Exchange Notifications

The compliance certificate was submitted to both major Indian stock exchanges where Union Bank of India shares are listed. The bank provided specific trading details for each exchange to ensure proper regulatory compliance.

Registrar Confirmation

KFin Technologies Limited, serving as the bank's Registrar and Share Transfer Agent, provided comprehensive confirmation of compliance procedures. The registrar confirmed that all securities received from Depository Participants for dematerialisation during the quarter were properly processed and verified.

Key confirmations from KFin Technologies included:

• All dematerialisation requests were confirmed to depositories
• Securities comprised in certificates have been listed on appropriate stock exchanges
• Physical security certificates were properly mutilated and cancelled after verification
• Depository names were substituted in the register of members as registered owners

Administrative Details

The compliance certificate was signed by Mangesh Mandrekar, Company Secretary of Union Bank of India, and digitally authenticated on January 12, 2026. KFin Technologies' confirmation was provided by Praveen Chaturvedi, Senior Vice President, from their operations centre in Hyderabad.

This quarterly filing represents Union Bank of India's ongoing commitment to regulatory compliance and transparent reporting of its dematerialisation processes. The certificate ensures that all stakeholders are informed about the bank's adherence to SEBI regulations governing depositories and participant activities.