City Union Bank Q3 net climbs 13% to ₹286 crore
The Hindu
City Union Bank (CUB) reports strong Q3 results with rising profits, deposits, advances, and improved asset quality.
Private sector lender City Union Bank (CUB) reported a 13% year-on-year rise in net profit to ₹286 crore for the third quarter ended December 31. Net interest income for the period climbed 14% to ₹588 crore.
Total deposits of the lender increased 11% to ₹58,271 crore while total advances grew 15% for Q3 FY25 to ₹50,409 crore. Cost of deposits rose to 5.88% from5.67% while net interest margin climbed to 3.58% from 3.50%.
Capital Adequacy Ratio (CAR) improved to 22.26% from 21.87%. Gross NPA (non-performing assets) for Q3 FY25 reduced to 3.36% from 4.47%. Net NPA decreased to 1.42% from 2.19%.
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