The NPAs of the bank fell year after year. | Photocredit: The Hindu
City Union Bank reported an increase of 16 percent in net profit on Thursday at £ 306 crore for the quarter that ended on 30 June 2025 (Q1 FY26).
For the first time in its history, the bank of the private sector crossed £ 300 crore marking in quarterly pats.
The net income of the bank grew by 15 percent to £ 625 crore. Boosted by Treasury-win, the non-interesting income was also robust.
With targeted efforts by the bank, deposits rose by 20 percent to £ 65,734 crore in the quarter. Progress rose by 16 percent and amounted to £ 54,020 crore.
NPA
We have returned from the growth challenges that we saw and booked 14 percent growth in 2024-25 in 2023-24 and this momentum continues in the first quarter of this tax, said N Kamakodi, CEO of City Union Bank. “In all parameters, the first quarter was good for us,” he added.
The growth in progress was accompanied by improving power quality, since gross NPA for Q1 FY26 was reduced to 2.99 percent of 3.88 percent in a period of a year ago. The net NPA fell to 1.20 percent in the current quarter of 1.87 percent in Q1 FY25.
The net interest rate margin is 3.54 percent for Q1 FY26, in accordance with guidelines previously given.
Published on July 31, 2025
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