City Union Bank ltd. on Tuesday released it Q2 FY2021 results. The company reported a net profit of Rs 157.66 crore compared to a profit of Rs 193.54 crore for the corresponding quarter last year.
The Kumbakonam based company’ net interest income (NII) was at Rs 475.14 crore. The private lender recorded gross non-performing loans at Rs 1221 crore, equivalent to 3.44%.
The Company stated in its BSE regulatory filing, “As on September 30, 2020 the Capital Adequacy Ratio increased to 17.36% (With Tier I 16.29% and Tier II 1.07% as per Basel III norms). RWA reduced from Rs.32462 Cr in Mar-20 to Rs.30912 cr in Sep-20 mainly due to sanction of ECLGS & increase in Gold loans during H1 FY 21.”
