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Informist, Monday, Nov. 3, 2025

 

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--City Union Bank Apr-Sept total income INR 37.6 bln vs INR 32.4 bln yr ago 
--City Union Bank Apr-Sept net profit INR 6.35 bln vs INR 5.50 bln year ago 
--City Union Bk provision coverage ratio, ex-technical write off, 63% Sept 30 
--City Union Bank Basel III capital adequacy ratio 21.68% as on Sept 30 
--City Union Bank net NPA ratio 0.90% as on Sept 30 vs 1.20% qtr ago 
--City Union Bank gross NPA ratio 2.42% as on Sept 30 vs 2.99% qtr ago 
--City Union Bank Jul-Sept provisions INR 570 mln vs INR 700 mln year ago 
--City Union Bank Jul-Sept total income INR 19.12 bln vs INR 16.60 bln yr ago 
--City Union Bank Jul-Sept net profit INR 3.29 bln vs INR 2.85 bln year ago 
--Analysts saw City Union Bank Jul-Sept net profit INR 2.95 bln 
--City Union Bank Jul-Sept net profit INR 3.29 bln

 

By Krity Ambey

 

NEW DELHI – Strong income and a fall in provisions helped City Union Bank beat the Street's estimate on net profit growth in the September quarter. The bank's bottom line for Jul-Sept showed an increase on year as well as on quarter.

 

City Union Bank's net profit for the September quarter grew a little over 15% on year to INR 3.29 billion. Analysts had expected the bank to report a net profit of INR 2.95 billion. Sequentially, the bank's bottom line was up nearly 8%.

 

City Union Bank's interest income also grew slightly over 15% on year to INR 16.53 billion in the reporting quarter. This took the bank's total income to INR 19.12 billion, also up 15% on year. The lender's net interest income in the September quarter grew 14% to INR 6.67 billion and its other income rose amost 15% on year to INR 2.59 billion.

 

The bank's provisions for bad loans in the September quarter were INR 570 million, down nearly 19% on year as well as on quarter. This marks the ninth consecutive quarter that the bank's provisions for bad loans are below INR 1 billion.

 

The bank's asset quality improved in the September quarter, with the gross non-performing asset ratio at 2.42% as on Sept. 30, compared with 2.99% a quarter ago and 3.54% as on Sept. 30, 2024. The net non-performing asset ratio improved to 0.90% as on Sept. 30, from 1.20% as on Jun. 30 and 1.62% a year ago. The lender's provision coverage ratio was 63% without technical write-offs and 82% with technical write-offs as on Sept. 30. The lender reported a capital adequacy ratio of 21.68% as on Sept. 30.

 

The bank's cost of funds rose to 4.77% in the reporting quarter from 4.76% in the corresponding period last year and 4.96% in the June quarter. As of Sept. 30, the Tamil Nadu-based bank's net interest margin was 3.59% compared to 3.54% at the end of the trailing quarter.

 

Total deposits with the Tamil Nadu-based bank increased 21% on year to INR 694.86 billion as on Sept. 30 and advances rose nearly 18% to INR 575.61 billion. The bank declared its results after market hours Monday. On the National Stock Exchange, shares of City Union Bank had ended 3.2% higher at INR 236.04.

 

The lender registered little over 15% growth in net profit for the six months ended Sept. 30 to INR 6.35 billion. Its total income for the first half of the financial year was up 16% at INR 37.61 billion.  End

Edited by Rajeev Pai

 

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