City Union Bank Ltd. reported its financial performance for Q3 FY25, showcasing robust growth in key metrics. The bank’s net profit for the quarter stood at ₹285.92 crore, a 13% YoY increase from ₹253.03 crore in the same quarter last year.
Key Financial Highlights for Q3 FY25:
- Interest earned: ₹1,478.73 crore, marking an 11.3% YoY growth compared to ₹1,326.23 crore in Q3 FY24.
- Other income: ₹223.88 crore, showing a 16.2% YoY increase from ₹192.87 crore.
- Total income: ₹1,701.23 crore, reflecting a 12.8% growth from ₹1,519.11 crore in Q3 FY24.
- Operating profit before provisions: ₹435.99 crore, up 19.7% YoY from ₹364.03 crore.
- Provisions (other than tax): ₹75 crore, an increase from ₹46 crore YoY, indicating a strategic focus on improving asset quality.
- Net profit: ₹285.92 crore, compared to ₹253.03 crore, representing a 13% YoY increase.
Asset Quality and NPA Ratios:
- Gross NPA: Improved to ₹1,693.03 crore from ₹1,968.11 crore, reflecting a positive trend.
- Net NPA: Reduced to ₹701.54 crore compared to ₹940.90 crore in the previous year.
- Gross NPA ratio: Declined to 3.36% from 4.47% YoY.
- Net NPA ratio: Improved to 1.42% from 2.19% YoY.
City Union Bank’s continued efforts in provisioning, coupled with its operational growth, contributed to strong performance in Q3 FY25. The bank’s improved asset quality and healthy profitability provide a positive outlook moving forward.
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