Thursday, October 30, 2025

Union Bank of India Announces Strong Financial Results For Quarter Ended September 30, 2025

The Board of Directors of Union Bank of India Approved The Accounts of the Bank for the Quarter ended September 30, 2025.

Key Highlights in Q2FY26

  1. Financial Performance:

Net Profit of the Bank stood at Rs. 4,249 Crores during Q2FY26. Interest income of Bank stood at     Rs. 26,650 Crores during Q2FY26.

  1. Business Growth:

Total Business of the Bank increased by 3.24% YoY, wherein Gross Advances increased by 4.99% YoY & Total Deposit grew by 1.90% YoY. Bank has a total Business of Rs. 22,09,828 Crores as on                    September 30, 2025.

  1. Deposit Growth:

Global deposits have increased by 1.90% YoY. Bank now has total deposits base of Rs. 12,34,621 Crores as on September 30, 2025.

  1. Growth in Retail, Agri and MSME (RAM) segments:

RAM Segment of the Bank increased by 8.14% YoY, with in which 23.98% growth in Retail and 14.88% growth in MSME advances is achieved on YoY basis. RAM advances as a percent of Domestic Advances stood at 58.83%.

  1. Reduction in NPA:

Gross NPA (%) reduced by 107 bps on YoY basis to 3.29% and Net NPA (%) reduced by 43 bps on YoY basis to 0.55% as on 30.09.2025.

  1. Strong Capital Ratios:

CRAR stood at 17.07% as on 30.09.2025. CET-1 ratio improved from 13.88% as on 30.09.2024 to 14.37% as on 30.09.2025. 

  1.   Returns:

Bank’s Return on Assets & Return on Equity stands at 1.16% and 15.08% respectively during Q2FY26.


Key Summary of Results

Particulars

Quarterly

Half Yearly

Jun-25 (Q)

Sep-25 (Q)

QoQ

(%) / bps

Sep-24 (6M)

Sep-25 (6M)

YoY

(%) / bps  

Total Business

22,14,422

22,09,828

-0.21

21,40,435

22,09,828

3.24

Global Deposits

12,39,933

12,34,621

-0.43

12,11,603

12,34,621

1.90

Current

68,570

63,010

-8.11

67,906

63,010

-7.21

Savings

3,34,475

3,38,844

1.31

3,28,389

3,38,844

3.18

CASA

4,03,045

4,01,854

-0.30

3,96,295

4,01,854

1.40

CASA (%)-domestic

32.52

32.56

4

32.72

32.56

-16

CD Ratio (%)

79.17

79.67

50

76.80

79.67

287

Retail

2,29,040

2,38,506

4.13

1,92,375

2,38,506

23.98

Agriculture

1,71,606

1,68,405

-1.87

1,91,913

1,68,405

-12.25

MSME

1,44,441

1,47,395

2.05

1,28,301

1,47,395

14.88

RAM Advances

5,45,087

5,54,306

1.69

5,12,589

5,54,306

8.14

Gross Advances

9,74,489

9,75,207

0.07

9,28,832

9,75,207

4.99

Earnings

Interest Income

27,296

26,650

-2.36

53,073

53,946

1.64

Non-Interest Income

4,486

4,996

11.37

9,837

9,482

-3.62

Interest Expenditure

18,183

17,838

-1.90

34,613

36,021

4.07

Operating Expenses

6,690

6,994

4.55

12,399

13,684

10.37

Net Interest Income

9,113

8,812

-3.29

18,459

17,925

-2.90

Operating Profit

6,909

6,814

-1.37

15,898

13,723

-13.68

Net Profit

4,116

4,249

3.25

8,399

8,365

-0.40

Ratios

NIM (%)

2.76

2.67

-9

2.97

2.71

-26

Cost of Deposits (%)

5.53

5.48

-5

5.43

5.50

7

Yield on Advances (%)

8.50

8.34

-16

8.71

8.42

-29

Cost to Income Ratio (%)

49.19

50.65

146

43.82

49.93

611

RoA (%)

1.11

1.16

5

1.20

1.13

-7

RoE (%)

15.15

15.08

-7

16.99

14.84

-215

Gross NPA (%)

3.52

3.29

-23

4.36

3.29

-107

Net NPA (%)

0.62

0.55

-7

0.98

0.55

-43

PCR (%)

94.65

95.13

48

92.79

95.13

234

Credit Cost (%)

0.47

0.22

-25

0.91

0.34

-57

CET-1 (%)

15.30

14.37

-93

13.88

14.37

49

CRAR (%)

18.30

17.07

-123

17.13

17.07

-6

Network:

  1. 8,655 Branches including foreign branches

  2. 9,064 ATMs

  3. 25,777 BC Points

  4. 138 MLPs (MSME Loan Points)

  5. 143 RLPs (Retail Loan Points)

  6. 70 ALPs (Agriculture Loan Points)

  7. 113 Union MSME First Branches

  8. 1,675 Gold Loan Points

  9. 12 LCBs & 38 MCBs

  10. 3 SAMBs & 28 ARBs

Financial Inclusion schemes:

Financial Inclusion schemes launched by GOI with an aim to eliminate barriers and provide economically priced financial services to the less accessible sections of the society through government-backed schemes like PMJJBY, PMSBY, PMJDY and APY.

  1. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY):

This is a Government- backed insurance scheme; where 5.12 lakhs new enrollments were done by the Bank for the quarter ended September 30, 2025.

  1. Pradhan Mantri Suraksha Bima Yojana (PMSBY):

This is Government- backed accidental insurance scheme; where 17.86 lakhs new enrollments were done by the Bank for the quarter ended September 30, 2025.

  1. Pradhan Mantri Jan Dhan Yojana (PMJDY):

Our bank is instrumental in opening 3.33 Crores accounts under PMJDY Scheme with balance of Rs. 13,864 Crores as on 30.09.2025. The corresponding figure was 3.08 Crores account with balance of Rs. 10,929 Crores as on 30.09.2024.

  1. Atal Pension Yojana (APY):

APY is a pension scheme, primarily targeted at the individuals working in unorganized sector, 2.70 lakh new enrollments were done by Bank for the quarter ended                   September 30, 2025.

  1. Union Nari Shakti Scheme for Women Entrepreneurs:

   Sanctioned 4,086 Applications for Rs.724 crores during Q2FY26

  1. Credit facility towards Green initiatives: -

  • Renewable Energy Sector: -Sanctioned Rs. 32,520 crores as on 30.09.2025

  • Union Green Miles: -Sanctioned amount Rs. 1,318 crores as on 30.09.2025

Network:

8,655 Branches including foreign branches

9,064 ATMs

25,777 BC Points

138 MLPs (MSME Loan Points)

143 RLPs (Retail Loan Points)

70 ALPs (Agriculture Loan Points)

113 Union MSME First Branches

1,675 Gold Loan Points

12 LCBs & 38 MCBs

3 SAMBs & 28 ARBs

Financial Inclusion schemes:

Financial Inclusion schemes launched by GOI with an aim to eliminate barriers and provide economically priced financial services to the less accessible sections of the society through government-backed schemes like PMJJBY, PMSBY, PMJDY and APY.

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY):

This is a Government- backed insurance scheme; where 5.12 lakhs new enrollments were done by the Bank for the quarter ended September 30, 2025.

Pradhan Mantri Suraksha Bima Yojana (PMSBY):

This is Government- backed accidental insurance scheme; where 17.86 lakhs new enrollments were done by the Bank for the quarter ended September 30, 2025. 

Pradhan Mantri Jan Dhan Yojana (PMJDY):

Our bank is instrumental in opening 3.33 Crores accounts under PMJDY Scheme with balance of Rs. 13,864 Crores as on 30.09.2025. The corresponding figure was 3.08 Crores account with balance of Rs. 10,929 Crores as on 30.09.2024.

Atal Pension Yojana (APY):

APY is a pension scheme, primarily targeted at the individuals working in unorganized sector, 2.70 lakh new enrollments were done by Bank for the quarter ended                   September 30, 2025. 

Union Nari Shakti Scheme for Women Entrepreneurs:

Sanctioned 4,086 Applications for Rs.724 crores during Q2FY26

Credit facility towards Green initiatives: -

Renewable Energy Sector: -Sanctioned Rs. 32,520 crores as on 30.09.2025

Union Green Miles: -Sanctioned amount Rs. 1,318 crores as on 30.09.2025

Wipro To Power HanesBrands’ GenAI Led IT 2.0 Transformation

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, has signed* a multi-year strategic agreement with HanesBrands Inc., a global leader in iconic apparel brands. Leveraging the Wipro IntelligenceTM WINGS platform, Wipro expects to transform HanesBrands’ IT infrastructure and cybersecurity operations with an AI-first approach. 

This engagement marks a significant milestone in HanesBrands’ strategic IT 2.0 transformation initiative, which moves the company to a unified, AI-led managed services model. As part of this first-of-its-kind engagement, Wipro will leverage the WINGS Operations AI platform under Wipro IntelligenceTM – a unified suite of AI-powered platforms, solutions and transformative offerings - to streamline operations, improve regulatory compliance, and enhance the overall IT experience for HanesBrands’ consumers, suppliers, and employees, ultimately leading to cost reductions in IT operations.

Wipro will also strengthen HanesBrands’ security posture by enabling AI-powered predictive and preventive operations and automation of security workflows to improve incident resolution times. Additionally, Wipro will help HanesBrands manage regulatory compliance and minimize business disruption through greater operational stability.

“The engagement with Wipro is a key step in our journey to transform our IT operations and deliver better experiences for our customers and partners,” said Scott Pleiman, HanesBrands’ Chief Strategy, Transformation, Analytics and Technology Officer. “Wipro’s AI-led approach and deep domain expertise will help us drive innovation and achieve measurable business outcomes.”

As part of this engagement, HanesBrands will also have access to the Wipro Innovation Network- encompassing Innovation Labs, AI native companies, Wipro Ventures, Academia, and technology partners—enabling long-term co-creation of solutions to address specific challenges. HanesBrands will benefit from ongoing innovation with Wipro's proven expertise and capabilities.

“We are proud to be a strategic partner to HanesBrands in their IT transformation journey,” said Shiva Jayaraman, SVP and Sector Head – Consumer Business, Americas 1, Wipro Limited.  “Continuing our ongoing relationship, this new engagement will allow us to bring the Wipro IntelligenceTM suite to HanesBrands, increasing their operational agility and resilience through AI-powered platforms, solutions and transformative offerings. Ultimately, Wipro’s consulting-led, AI-powered approach will drive accelerated innovation in operations, enabling HanesBrands to unlock new value and new growth opportunities.”

*This deal was mentioned in Wipro Limited's financial results announcement press release, dated July 17, 2025, for the quarter-ended June 30, 2025, with a description of HanesBrands, but without naming the company.

About Wipro Limited 

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading AI-powered technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our consulting-led approach and the Wipro Intelligence™ unified suite of AI-powered platforms, solutions and transformative offerings, we help clients realize their boldest ambitions and build intelligent, sustainable businesses. The Wipro Innovation Network— part of the Wipro Intelligence™ suite—underpins our commitment to client-centric co-innovation and co-creation by bringing together capabilities from the innovation labs and partner ecosystems, academia, and global tech communities.  With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world.  For additional information, visit us at www.wipro.com.

Young Innovators From Bharat Shine At Samsung Solve For Tomorrow 2025; Win INR 1 Crore To Build AI-Powered Solutions For A Better India

 


∙    The top four winning teams received a grant of INR 1 crore for incubation support at IIT Delhi

∙​    Top 20 teams also won INR 1 lakh each and Samsung Galaxy Z Flip smartphones

∙    The programme inked multi-year partnerships with Startup India, Startup Hub and Atal Innovation Mission

 

Samsung, India’s largest consumer electronics brand, today announced the winners of Samsung Solve for Tomorrow 2025, the fourth edition of its national education programme that challenges young students to use technology to create real-world solutions for pressing challenges in their local communities.

 

The Top Four winning teams — Percevia (Bengaluru), NextPlay.AI (Aurangabad), Paraspeak (Gurugram), and Prithvi Rakshak (Palamu) — received INR 1 crore in incubation grants and will continue to develop their prototypes into scalable real-world solutions with mentorship support at IIT Delhi’s FITT Labs.

 

The jury panel brought together Samsung leadership and experts from across academia, government, and industry to evaluate the finalists’ solutions across four thematic tracks — AI for a Safer, Smarter, and Inclusive Bharat; Future of Health, Hygiene, and Well-being in India; Environmental Sustainability via Technology; and Social Change through Sport and Tech.

 

This year’s Samsung Solve for Tomorrow witnessed thousands of participants from across India presenting bold, human-centered ideas that blended innovation with purpose. For the first time, finalists also gained hands-on access to FITT’s advanced R&D infrastructure, refining their concepts before the Grand Finale.

 

Winning Innovations That Redefine Possibility

Percevia (Bengaluru): An AI-powered wearable glasses system that identifies objects, announces their location through a 33-grid voice and vibration feedback, providing real-time spatial awareness for the visually impaired.

 

NextPlay.AI (Aurangabad): A mobile-first AI platform for sports that integrates an AI Virtual Coach, AI Referee, and Neuro-Inclusive Tracker, ensuring fairness, access, and inclusion for athletes — anytime, anywhere.

 

Paraspeak (Gurugram): A real-time, speaker-independent speech enhancement device that converts slurred speech (dysarthria) into clear communication using deep-learning algorithms, helping individuals communicate confidently.

 

Prithvi Rakshak (Palamu): A community-driven green app that encourages sustainable living through tree adoption, recycling, and gamified eco-actions — promoting environmental awareness across India.

 

Empowering India’s Young Innovators

At the Grand Finale in New Delhi, winners were chosen after a rigorous six-month journey that included multiple mentorship rounds, prototype development, and bootcamps. The Top 20 finalist teams also received INR 1 lakh each and the latest Samsung Galaxy Z Flip smartphones for their creativity and commitment to building a better world.

Additionally, the event presented five special awards:

∙    Goodwill Awards (2) – INR 1,00,000 each

∙    Young Innovator Awards (2) – INR 1,00,000 each

∙    Social Media Champion Award – INR 50,000

 

Building India’s Innovation Ecosystem

Through multi-year partnerships with Startup India (DPIIT), MeitY Startup Hub, and Atal Innovation Mission (NITI Aayog), Samsung continues to strengthen India’s youth innovation pipeline — creating opportunities for young changemakers from every corner of Bharat.

 

“Over the years, Samsung Solve for Tomorrow has built an innovation architecture that democratizes technology and celebrates creativity from every part of India. This year, too, we witnessed extraordinary ideas emerging from small towns and rural communities — reaffirming that talent knows no boundaries. Our vision is to keep using technology for good — mentoring, resourcing, and empowering these young innovators to build a more inclusive and future-ready India in line with the government’s pathbreaking initiatives such as Digital India and Startup India,” said Mr JB Park, President and CEO, Samsung Southwest Asia.

 

The jury included experts from Samsung leadership, academia, and government — such as Mr Mohan Rao Goli (MD, SRI-B), Mr Pankaj Mishra (CTO, SRI-D), Mr Yuran Kim (MD, SDD), Mr KY Roo (MD, SRI-N).

 

Other jury members brought cross-domain expertise and diverse perspectives to the evaluation process. The panel included Dr. P.S. Madanagopal, CEO of MeitY Startup Hub; Dr. Srinivasan Venkatrama, Assistant Professor of Design at IIT Delhi; Dr. Rakesh Kaur, Scientist ‘G’, Office of Principal Scientific Adviser to the Govt. of India, Mamtha Venkatesh, Head, Startup India, and Himanshu Joshi, Director of Atal Innovation Mission, NITI Aayog, each of whom evaluated entries across all four themes. They were joined by Dr. Rand Harrington, Director of the American Embassy School, who served on the jury for the theme Social Change through Sport and Tech: For Education & Better Futures along with Dr. Sumeet K. Jarangal, Director, DPIIT.

Distinguished guests at the Awards Ceremony included Professor Ajay K Sood, Principal Scientific Adviser to the Government of India, Shombi Sharp, United Nations Resident Coordinator in India, Dr. Nikhil Agarwal, Managing Director, FITT, IIT Delhi and Pragnya Mohan, International Olympic Committee Young Leader.

 

“This generation of young innovators is exactly what India needs. They are capable of designing with purpose, not just imitating what is being done globally. When ideas emerge from the ground up, rooted in local challenges, they have the power to transform our trajectory as a product nation,” said Prof. Ajay K Sood, Principal Scientific Adviser to the Government of India.

 

Driving Innovation for Bharat’s Future

This year’s edition saw participation from every Indian state, with strong representation from Tier 2 and Tier 3 cities, reaffirming Samsung’s mission to make innovation inclusive and accessible. From AI-powered accessibility tools to sustainability apps, these projects reflect the power of youth-led technology in transforming communities.

 

Through sustained mentorship, access to Samsung’s R&D expertise, and incubation at IIT Delhi, Samsung Solve for Tomorrow 2025 continues to nurture India’s next generation of innovators — shaping the future of technology, for Bharat and beyond.

 

Samsung Newsroom India: https://news.samsung.com/in/young-innovators-from-bharat-shine-at-samsung-solve-for-tomorrow-2025-win-inr-1-crore-to-build-ai-powered-solutions-for-a-better-india

 

About Samsung Solve for Tomorrow

Samsung Solve for Tomorrow is a global problem-solving platform where youth around the world use STEM (science, technology, engineering and math) to build a better future together. Since 2010, 2.9 million youth in 68 countries have grown as global innovators through this programme. To explore more about Samsung’s global CSR programmes, visit our [CSR webpage].

 

About Samsung Electronics Co., Ltd.

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, digital signage, smartphones, wearables, tablets, home appliances and network systems, as well as memory, system LSI and foundry. Samsung is also advancing medical imaging technologies, HVAC solutions and robotics, while creating innovative automotive and audio products through Harman. With its SmartThings ecosystem, open collaboration with partners, and integration of AI across its portfolio, Samsung delivers a seamless and intelligent connected experience. For the latest news, please visit the Samsung Newsroom at news.samsung.com/in/

Decathlon Launches Kipsta RESIST Football Series For Diverse Indian Terrains

 * 100% Made in India, Designed and manufactured locally to meet the needs of Indian footballers.

Decathlon, a leading sports retailer, today announced the launch of the Kipsta RESIST football series, developed to meet the needs of footballers across India’s diverse playing surfaces.

 

Recognizing the variety of conditions, from hard, dry grounds to wet, uneven pitches, Decathlon developed the RESIST series under its sub-label, Kipsta, to provide a durable and reliable option for players across the country.

 

The Kipsta RESIST football series is designed to meet the demands of India’s varied playing environments, offering durability and consistent performance across different surfaces. The launch reinforces Decathlon’s commitment to providing footballers—from urban centers to semi-urban and rural areas, with high-quality, affordable, and accessible equipment that suits India’s growing football community.

 

Speaking on the launch, Hans Peter Jensen, Sports Director, Decathlon India, says, “Football is more than a game—it’s a celebration of passion, community and the joy of playing together. In India, the sport is experiencing a cultural rise, rooted in self-expression, shared enthusiasm and the thrill of being in the moment. The Kipsta RESIST series embodies this spirit, designed for durability and performance on any surface, enabling players to move freely, play fearlessly, and stay connected to the love of the game. At Decathlon, we are proud to support this growing football community, helping players of all levels explore their potential, celebrate their talent and experience the true joy of football.”

 

  1. Training High Resist Ball - The Training High Resist Ball has been designed for endurance and reliability across India’s diverse playing surfaces. Built with a robust, abrasion-resistant rubber outer layer, it ensures long-lasting performance for regular training and recreational matches. Suitable for use on hard ground, mud, gravel, and artificial or natural grass, the ball meets FIFA Basic standards for sturdiness and bounce. It offers strong technical performance at an inclusive price point, enabling more players to train consistently and confidently.

  2. Club High Resist Ball - The Club High Resist Ball is crafted for competitive and club-level play, offering enhanced durability combined with refined control. Its rubber outer cover lamination with foam delivers a softer feel and precise ball response while maintaining resistance on harder surfaces. Moreover, the thermofusion stitching technology ensures a better lifetime of the ball. Engineered for use across multiple grounds from artificial and natural grass to gravel and mud, it complies with FIFA Basic standards to ensure quality and consistency. Reflecting Decathlon’s belief in democratizing sport, the Club High Resist Ball provides advanced performance at an accessible price, supporting players who aspire to elevate their game. The Club High Resist Ball, White & Blue, is also available in Size 4 for kids.

The RESIST series includes the Training Resist and Club Resist models, catering to different levels of play. The Training Resist is designed for recreational use and skill development, while the Club Resist is built for more competitive play.

 

Decathlon's Kipsta RESIST football series is now available at Decathlon stores across India and online on www.decathlon.in

 

Watch the Campaign video here - Decathlon Resist Series | One Football, All Fields

 

ABOUT DECATHLON  

A global multi-specialist sports brand catering to beginners and top athletes, Decathlon is an innovative maker of sporting goods for all skills. With more than 100,000 teammates and 1,700 stores worldwide, Decathlon and its teams have been working ever since 1976 to fulfil an ongoing ambition: Move people through the wonders of sport, to help them be healthier and happier in a sustainable future.

The Tamarind Tree Unveils Bengaluru's Open-Air Candlelight® Experience


The Candlelight® series by Live Your City is thrilled to announce the launch of an extraordinary new venue that will redefine open-air musical experiences in Bengaluru. The Tamarind Tree, nestled beneath the sprawling canopy of a majestic 400-year-old tamarind tree, offers an unprecedented setting where nature, history, and music converge. This isn't just another concert venue—it's a living landmark, a space where centuries-old roots ground you in tradition while live performances transport you through the greatest musical moments of our time. As flickering candles cast their warm glow across the garden setting, you'll find yourself immersed in an atmosphere that honors both the venue and the legendary artists being celebrated.

On November 1st, The Tamarind Tree opens its gates with two unforgettable tribute concerts that capture the essence of Indian musical excellence. The evening features intimate tribute honoring S.P. Balasubramanyam and A.R. Rahman—two titans whose melodies have defined generations. Under the open sky, surrounded by lush greenery and the gentle rustling of ancient leaves, talented musicians will recreate the most beloved songs from these legendary artists' catalogs. The combination of candlelit ambiance, natural acoustics, and the venue's unique character creates an immersive experience that goes beyond traditional concert settings, offering audiences a chance to connect with music in its purest, most emotionally resonant form.

The Tamarind Tree promises to become the destination for discerning music lovers seeking something beyond the ordinary—a place where every performance is enhanced by the romance of candlelight, the serenity of nature, and the whispers of history. Limited seating ensures an intimate gathering where every guest becomes part of the experience. Don't miss your chance to be among the first to discover this remarkable venue and create memories.

Check out the programming below:

Candlelight Open Air: Tribute to S.P. Balasubramanyam

Venue: The Tamarind Tree

Dates and Times: Nov 1st (Time- 18:00)

Duration: 60 minutes

Musicians: Indian Classical Trio Ensemble

Value: 1 Ticket - from 1499 onwards

 

Candlelight Open Air: Tribute to A.R. Rahman

Venue: The Tamarind Tree

Dates and Times: Nov 1st (Time- 20:00)

Duration: 60 minutes

Musicians: Indian Classical Trio Ensemble

Value: 1 Ticket - from 1499 onwards

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