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City Union Bank Results: Latest Quarterly Results & Analysis

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City Union Bank Ltd. 31 Jul 2025 18:05 PM
Result PDF

Q1FY26 Quarterly Result Announced for City Union Bank Ltd.

City Union Bank announced Q1FY26 results

  • The Bank earned Net Interest Income of Rs 625 crore for Q1FY26 registering 15% growth compared to Rs 545 crore in Q1FY25.
  • Non Interest Income of the Bank for Q1FY26 was at Rs 244 crore as against Rs 192 crore for Q1FY25 registering 27% growth. Treasury profit had major contribution towards this growth which stood at Rs 64 crore for this quarter compared to Rs 17 crore in Q1FY25.
  • The operating expense is Rs 418 crore for Q1FY26 as compared to Rs 364 crore in Q1FY25.
  • The Gross Profit had grown by 21% and improved to Rs 451 crore in Q1FY26 from Rs 373 crore in Q1FY25.
  • The Bank made a provision of Rs 145 crore as on 30.06.2025 as against Rs 109 crore in Q1FY25.
  • The PAT had increased by 16% and improved to Rs 306 crore in Q1FY26 from Rs 264 crore in Q1FY25. Our Bank had crossed Rs 300 crore mark of quarterly PAT for the first time in our history.
  • With our efforts to boost the liability growth to support our asset growth, the Deposits had increased by 20% and increased to Rs 65,734 crore in Q1FY26 from Rs 54,857 crore in Q1FY25. Cost of Deposits stood at 5.95% in Q1FY26 compared to 6.02 % in Q4FY25 showing marginal decrease due to repo rate transmission.
  • Total Advances increased by 16% in Q1FY26 and stood at Rs 54,020 crore as against Rs 46,548 crore in Q1FY25. Average croreedit Deposit ratio stood at 83%. The yield on Advances for the present quarter is at 9.81% compared to 9.79% for FY25.
  • The Gross NPA for Q1FY26 was reduced to 2.99% from 3.88% in Q1FY25 which is 89 bps reduction. Both GNPA and NNPA had shown sequential decrease in the last 8 quarters. Net NPA had decreased to 1.20% in the current quarter from 1.87 % in Q1FY25. The provision coverage ratio (PCR) as of 30.06.2025 is at 79% (including T/W) and 61% (excluding T/W).
  • Net Interest Margin is at 3.54% for Q1FY26 which is broadly in line with our guidance levels given earlier.
  • Return on assets for Q1FY26 is 1.55% which is in line with our long-term average levels.
  • Return on Equity was at 12.85% in Q1FY26 compared to 12.45% in Q1FY25.
  • Our cost to income ratio for Q1FY26 had stood at 48.12% as compared to 49.34% for Q1FY25.
  • The Bank’s capital adequacy as on 30.06.2025 as per Reserve Bank of India (RBI) guidelines on Basel III norms is 23.10% and Tier-1 capital adequacy was 22.09%, well above regulatory requirements.

Result PDF

Result PDF

City Union Bank announced Q3FY25 results

  • The Bank earned Net Interest Income of Rs.588 crore for Q3FY25 registering 14% growth compared to Rs.515 crore in Q3FY24.
  • Non Interest Income of the Bank for Q3FY25 was at Rs.228 crore as against Rs.193 crore for Q3FY24 registering 18% growth.
  • The operating expense is Rs.380 crore for Q3FY25.
  • The Gross Profit for Q3FY25 had grown by 20% and improved to Rs.436 crore in Q3FY25 from Rs.364 crore in Q3FY24.
  • The Bank made a provision of Rs.402 crore as of 31.12.2024 as against Rs.404 cr in the corresponding period last year.
  • The PAT had increased by 13% and increased to Rs.286 crore in Q3FY25 from Rs.253 crore in Q3FY24.
  • Total Deposits of the Bank had increased by 11% and increased to Rs.58,271 crore in Q3FY25 from Rs.52,726 cr in corresponding period last year. CASA portion stood at 28% to total deposits.
  • Total Advances increased by 15% for Q3FY25 to Rs.50,409 crore from Rs.44,017 crore in Q3FY24. Average Credit Deposit ratio stood at 86%.
  • The Gross NPA for Q3FY25 was reduced to 3.36% from 4.47% in the corresponding quarter last financial year. GNPA had shown sequential decrease for the past 6 quarters. Net NPA was decreased to 1.42% in the current quarter from 2.19% in Q3FY24. for the same period. The provision coverage ratio (PCR) as of 31.12.2024 is at 77% (including T/W) and 59% (excluding T/W). We are taking necessary steps to improve the PCR further.
  • Net Interest Margin is at 3.58% for Q3FY25 compared to 3.50% in Q3FY24.
  • Return on assets for Q3FY25 is 1.57% and for 9MFY25 it stands at 1.56% which is in line with our long-term average levels.
  • Return on Equity was at 12.64% in Q3FY25 showing marginal increase from 12.57% in Q3FY24.
  • Our cost to income ratio for Q3FY25 had reduced to 46.58% as compared to 48.64% in Q3FY24. The CIR may hover around 48% to 50% for the current financial year.
  • The Bank’s capital adequacy as on 31.12.2024 as per Reserve Bank of India (RBI) guidelines on Basel III norms is 22.26% and Tier-1 capital adequacy was 21.29%, well above regulatory requirements.

Result PDF

City Union Bank announced Q2FY25 & H1FY25 results

  • Net Interest Income: The Bank earned Net Interest Income of Rs 582 crore for Q2FY25 and Rs 1,128 crore for H1FY25 as against Rs 538 crore and Rs 1,061 crore respectively in Q2FY24 and H1FY24. The NII had grown by 8% for Q2FY25 and 6% for H1FY25.
  • Non Interest Income: Non Interest Income of the Bank for Q2FY25 was at Rs 226 crore as against Rs 182 crore for Q2FY24 with 24% growth. For H1FY25, it had grown by 12% and stood at Rs 418 crore as against Rs 374 crore for the same period last financial year.
  • Operating Expenses: The operating expense is Rs 381 crore for Q2FY25 as compared to Rs 334 crore in Q2FY24 and for H1FY25 the same was at Rs 744 crore as against Rs 634 crore for the corresponding period las year.
  • Operating Profit: The Gross Profit for Q2FY25 stood at Rs 428 crore as against Rs 387 crore in Q2FY24 with a growth of 11%. For the half year ended FY25 the operating profit was at Rs 802 crore compared to Rs 801 crore in the corresponding period last year. We had positive growth in our operating profit after 6 quarters as our business growth is showing improvement.
  • Provisions: The Bank made a provision of Rs 252 crore as of Q2FY25 as against Rs 293 crore in the corresponding period last year.
  • Net Profit: The PAT had increased marginally to Rs 285 crore in the current quarter from Rs 281 crore in Q2FY24. For the half year ended PAT had registered a growth of 8% and stood at Rs 550 crore as compared to Rs 508 crore for H1FY24.
  • Deposits: Total Deposits of the Bank had increased by 9% and increased to Rs 57,369 crore in Q2FY25 from Rs 52,714 crore in corresponding period last year. CASA portion stood at 29% to total deposits. Cost of Deposits increased to 5.73% in H1FY25 from 5.44 % in H1FY24.
  • Advances: Total Advances increased by 12% for Q2FY25 to Rs 48,722 crore from Rs 43,688 crore in Q2FY24. Average Credit Deposit ratio stood at 84%. The yield on Advances for H1FY25 improved to 9.70% compared to is at 9.65% for H1FY24.
  • Asset Quality: The Gross NPA for Q2FY25 was reduced to 3.54% from 4.66% in the corresponding quarter last financial year. Net NPA was decreased to 1.62% from 2.34% for the same period. The provision coverage ratio (PCR) as of 30.09.2024 is at 75% (including T/W) and 55% (excluding T/W). We are taking necessary steps to improve the PCR further.
  • Net Interest Margin: Net Interest Margin is at 3.67% for Q2FY25 showing sequential increase from Q1FY25 where it stood at 3.54%.
  • Return on Assets: Return on assets for Q2FY25 is 1.59% and for half year ended FY25 it stands at 1.55% which is in line with our long-term average levels.
  • Return on Equity: Return on Equity was at 12.93% in Q2FY25 and for H1FY25 it stands at 12.74%.
  • Cost to Income Ratio (CIR): Our cost to income ratio for Q2FY25 had reduced to 47.06% as compared to 49.34% in Q1FY25 and 51.26% in Q4FY24 showing sequential decrease. The CIR had reduced in the current quarter due to significant improvement in loan processing charges and interest received on IT refund. The CIR may hover around 48% to 50% for the current financial year.
  • Capital Adequacy: The Bank’s capital adequacy as on 30.09.2024 as per Reserve Bank of India (RBI) guidelines on Basel III norms is 22.98% and Tier-1 capital adequacy was 21.98%, well above regulatory requirements.

Result PDF

City Union Bank announced Q1FY25 results:

  • Net Interest Income: The Bank earned Net Interest Income of Rs 545 crore for Q1FY25 as against Rs 523 crore in Q1FY24.
  • Non Interest Income: Non Interest Income of Rs 192 crore for Q1FY25 as against Rs 191 crore in Q1FY24.
  • Operating Expenses: The operating expense is Rs 364 crore for Q1FY25 as compared to Rs 300 crore in Q1FY24
  • Operating Profit: The Gross Profit was Rs 373 crore in Q1FY25 as against Rs 414 crore in the corresponding period last year. 
  • Provisions: The Bank made a provision of Rs 109 crore as of 30th June 2024 as against Rs 187 crore in the corresponding period last year.
  • Net Profit: The PAT was Rs 264 crore in Q1FY25 as against at Rs 227 crore in Q1FY24.
  • Deposits: Total Deposits of the Bank had increased by 6% for Q1FY25 to Rs 54,857 crore from Rs 51,655 crore in Q1FY24. CASA portion stood at 30% to total deposits. Cost of Deposits increased to 5.72% for the quarter ended 30th June 2024 from 5.36% in the same period last year. The increase is in line with policy rate hikes.
  • Advances: Total Advances increased by 10% for Q1FY25 to Rs 46,548 crore from Rs 42,405 crore in Q1FY24. Credit Deposit ratio stood at 85%. The yield on Advances had increased to 9.59% in Q1FY25 from 9.53% in the corresponding period last year. The hike is due to
  • transmission of policy rate hikes.
  • Asset Quality: The Gross NPA as on 30th June 2024 stood at 3.88% as against 4.91% in the corresponding period last year. Net NPA for Q1FY25 is decreased to 1.87% from 2.51% for the same period. The Provision Coverage Ratio (including TW) as on 30.06.2024 stood at 73% and PCR without TW is at 53%.
  • Net Interest Margin: Net Interest Margin is at 3.54% for Q1FY25.
  • Return on Assets: Return on assets for Q1FY25 is at 1.51%. 
  • Return on Equity: Return on Equity was at 12.45% in for the quarter ended 30th June 2024.
  • Cost to Income Ratio (CIR): Cost to Income Ratio stood at 49.34% in Q1FY25 vs 41.98% in Q1FY24.
  • Capital Adequacy:The Bank’s capital adequacy as on 30th June 2024 as per Reserve Bank of India (RBI) guidelines on Basel III norms is 23.58 % and Tier-1 capital adequacy was 22.55%, well above regulatory requirements. 

Result PDF

City Union Bank announced Q4FY24 & FY24 results:

1. Net Interest Income

The Bank earned Net Interest Income of Rs 547 crore for Q4FY24 and Rs 2,123 crore for FY24 as against Rs 514 crore and Rs 2,163 crore respectively in Q4FY23 and FY23.

2. Non Interest Income

Non Interest Income of the Bank for Q4FY24 was at Rs 175 crore as against Rs 195 crore for Q4FY23 and for FY24 it stood at Rs 742 crore compared to Rs 810 crore for FY23. 

3. Operating Expenses

The operating expense is Rs 370 crore for Q4FY24 as compared to Rs 292 crore in Q4FY23 and for FY24 the same was at Rs 1,348 crore as against Rs 1,155 crore for the corresponding period last year.

4. Operating Profit

The Gross Profit was Rs 352 crore and Rs 1,517 crore respectively for Q4FY24 and FY24 as against Rs 417 crore and Rs 1,818 crore in the corresponding period last year.

5. Provisions & contingencies

The Bank has made a provision of Rs 327 crore for FY24 as against Rs 690 crore towards NPA in the corresponding period last year. The recovery is more than the slippages, which had helped in reduced provision requirement.

6. Net Profit

The PAT was Rs 255 crore in Q4FY24 as against at Rs 218 crore in Q4FY23 growing 17%. Our bank had recorded a four digit PAT for the first time in our history and our PAT stood at Rs 1,016 crore compared to Rs 937 crore registering a growth of 6%. Improved recovery resulting in lower provisioning requirement had helped to achieve PAT growth.

7. Deposits

Total Deposits of the Bank had increased by 6% and increased to Rs 55,657 crore in Q4FY24 from Rs 52,398 crore in corresponding period last year. CASA portion stood at 31% to total deposits. Cost of deposit stood at 5.75% in Q4FY24 compared to 5.07% in the corresponding quarter last year.

8. Advances

Total Advances increased by 6% for Q4FY24 to Rs 46,418 crore from Rs 43,971 crore in Q4FY23. Credit Deposit ratio stood at 84%. The yield on Advances is at 9.85% for Q4FY24 compared to 9.31% in Q4FY23.

9. Business

Our total business had crossed 6 digits for the first time in our history and stood at Rs 1,02,138 crore for FY24 registering a growth of 6% compared to Rs 96,369 crore last year. With the implementation of digital lending coupled with addition of senior management team is auguring well for our future business growth.

10. Asset Quality

The Gross NPA as on 31.03.2024 was reduced to 3.99% from 4.37% in Q4FY23. Net NPA has come down to Rs 899 crore and NNPA % was decreased to 1.99% from 2.36% for the same period. Our NNPA had come below the 2% mark after FY 21. The provision coverage ratio (PCR) as of 31.03.2024 is at 72% (including T/W) and 52% (excluding T/W).

11. Net Interest Margin

Net Interest Margin is at 3.66% for Q4FY24 and 3.65% for FY24. NIM is within the guidance levels.

12. Return on Assets

Return on assets for Q4FY24 is 1.48% and for FY24 it stands at 1.52% which is our long term average.

13. Return on Equity

Return on Equity was at 12.39% in Q4FY24 and for FY24 it stands at 12.86%.

14. Cost to Income Ratio (CIR)

Cost to Income Ratio increased to 47.06% in FY24 from 38.85% in the last financial year. Additional manpower as well as IT infrastructure cost pertaining to implementation of digital lending process are keeping the CIR at elevated levels.

15. Capital Adequacy

The Bank’s capital adequacy as on 31.03.2024 as per Reserve Bank of India (RBI) guidelines on Basel III norms is 23.84% and Tier-1 capital adequacy was 22.80%, well above regulatory requirements. 

Result PDF

City Union Bank announced Q1FY24 results:

  • The Bank earned Net Interest Income of Rs 523 crore for Q1FY24 as against Rs 525 crore in Q1FY23.
  • Non-Interest Income of the Bank for Q1FY24 was at Rs 191 crore as against Rs 218 crore for Q1FY23.
  • The operating expense is Rs 300 crore for Q1FY24 as compared to Rs 295 crore in Q1FY23
  • The Gross Profit was Rs 414 crore in Q1FY24 as against Rs 447 crore in Q1FY23.
  • The Bank made a provision of Rs 187 crore as of June 30, 2023, as against Rs 222 crore in Q1FY23.
  • The PAT was Rs 227 crore in Q1FY24 as against at Rs 225 crore in Q1FY23.
  • Total Deposits of the Bank had increased by 6% for Q1FY24 to Rs 51,655 crore from Rs 48,772 crore in Q1FY23. CASA portion stood at 31% of total deposits. The cost of Deposits increased to 5.36 % for Q1FY24 from 4.43% in Q1FY23. The increase is in line with policy rate hikes.
  • Total Advances increased by 4% for Q1FY24 to Rs 42,405 crore from Rs 40,934 crore in Q1FY23. The credit Deposit ratio stood at 82%. The yield on Advances had increased to 9.53% in Q1FY24 from 9.04% in Q1FY23. The hike is due to the transmission of policy rate hikes.
  • The Gross NPA as on June 30, 2023, stood at 4.91% as against 4.65% in Q1FY23. Net NPA for Q1FY24 decreased to 2.51% from 2.89% for the same period. The Provision Coverage Ratio (including TW) as on June 30, 2023, stood at 70%, and PCR without TW is at 50%.
  • Net Interest Margin is at 3.67% for Q1FY24.
  • Return on assets for Q1FY24 is at 1.40%.
  • Return on Equity was at 12.10% in Q1FY24.
  • Cost to Income Ratio stood at 41.98% in Q1FY24 vs 39.78% in Q1FY23.
  • The Bank’s capital adequacy as on June 30, 2023, as per Reserve Bank of India (RBI) guidelines on Basel III norms is 23.02% and Tier-1 capital adequacy was 21.98%, well above regulatory requirements.

 

 

Result PDF

City Union Bank announced Q3FY23 results:

  • Q3FY23 & 9MFY23:
    • Net Interest Income:
      • The Bank earned net interest income of Rs 556 crore for Q3FY23 as against Rs 490 crore in Q3FY22 with a growth rate of 13%. For 9MFY23, the NII stood at Rs 1,649 crore as against Rs 1,416 crore for the corresponding period last year.
    • Non-Interest Income:
      • Non-Interest income of the bank for Q3FY23 was at Rs 224 crore as against Rs 160 crore for Q2FY22 registering a growth of 40%. For 9MFY23 it stood at Rs 615 crore as against Rs 556 crore for the corresponding period last year.
    • Operating Expenses:
      • The operating expense is Rs 283 crore for Q3FY23 as against Rs 280 crore in Q3FY22. For 9MFY23, the operating expenses were at Rs 863 crore as against Rs 816 crore for the corresponding period last year.
    • Operating Profit:
      • The gross profit had grown by 35% in Q3FY23, and was at Rs 497 crore as against Rs 370 crore in Q3FY22. For 9MFY23 it had grown by 21% and stood at Rs 1,401 crore as against Rs 1,155 crore for the same period as compared to the last year.
    • Provisions:
      • The bank made a provision of Rs 682 crore as of 31.12.2022. The total provision towards bad and doubtful debts is Rs 515 crore in 9MFY23 as against Rs 439 crore in the corresponding period last year.
    • Net Profit:
      • The bank’s profit after tax had grown by 11% in Q3FY23 and was at Rs 218 crore as against Rs 196 crore in Q3FY22. For 9MFY23, PAT was Rs 719 crore as against Rs 551 crore in the corresponding period last year.
    • Deposits:
      • Total deposits of the bank increased by 7% for 9MFY23 to Rs 49,997 crore from Rs 46,722 crore for the same period as compared to last year. CASA increased by 5% from Rs 13,918 crore to Rs 14,606 crore (YoY). CASA portion stood at 29% to total deposits. Cost of deposits decreased to 4.52% in 9MFY23 from 4.72% in 9MFY22
    • Advances:
      • Total advances increased by 12% for 9MFY23 to Rs 43,009 crore from Rs 38,387 crore in 9MFY22. Credit Deposit ratio stood at 86%. The yield on advances is at 9.20% in 9MFY23.
    • Asset Quality:
      • The Gross NPA as on December 31, 2023 was reduced to 4.62% from 5.21% in 9MFY22 and net NPA was decreased to 2.67% from 3.44%. The provision coverage ratio as of 31.12.2022 was at 67%.
    • Net Interest Margin:
      • Net interest margin is at 3.97% for the 9MFY23.
    • Return on Assets:
      • Return on assets for 9MFY23 is 1.51% as against 1.32% for the same period of last year.
    • Return on Equity:
      • Return on equity was at 13.90% in 9MFY23 as compared to 12.06% in 9MFY22.
    • Cost to Income Ratio:
      • Cost to Income Ratio (CIR) reduced to 38.12% in 9MFY23 from 41.41% for the corresponding period last year. CIR for Q3FY23 stood at 36.24% against 43.13% in Q3FY22.
    • Capital Adequacy:
      • The Bank’s capital adequacy as of 9MFY23 as per Reserve Bank of India (RBI) guidelines on Basel III norms is 20.47% and Tier-1 capital adequacy was 19.39%, well above regulatory requirements.
    • Technology Update:-
      • A facility for online remittance for income tax & GST has been enabled for customers.

 

 

Result PDF

City Union Bank announced Q2FY23 results:

  • Q2FY23/H1FY23:
    • Net Interest Income (NII):
      • The bank earned a NII of Rs 568 crore for Q1FY23 as against Rs 478 crore in Q1FY22 with a growth rate of 19%. For H1FY23, the NII stood at Rs 1,093 crore as against Rs 926 crore for the corresponding Q2FY22.
    • Non-interest income:
      • The non-interest income of the bank is at Rs 391 crore for H1FY23 as against Rs 396 crore for the corresponding Q2FY22. The absence of treasury income due to unfavourable yield movements is the key reason for muted growth of the non-interest income.
    • Operating expenses:
      • The operating expense is Rs 285 crore for Q2FY23 as against Rs 276 crore in Q2FY22. For H1FY23, the operating expenses were at Rs 580 crore as against Rs 536 for the corresponding Q2FY22.
    • Operating profit:
      • The operating profit for H1FY23 had grown by 15% and stood at Rs 904 crore as against Rs 786 crore for the same period as compared to the last year.
    • Provisions:
      • The bank made a provision of Rs 402 crore as of 30.09.2022. The total provision towards bad and doubtful debts is Rs 245 crore in H1FY23 as against Rs 351 crore in the corresponding quarter last of the year.
    • Net profit:
      • The bank’s profit after tax had grown by 52% in Q2FY23 and was at Rs 276 crore as against Rs 182 crore in Q2FY22. For H1FY23, PAT was Rs 502 crore as against Rs 355 crore in the corresponding Q2FY22. For the first time, the half-year profit of our bank had crossed Rs 500 crore.
    • Deposits:
      • Total deposits of the bank increased by 8% for H1FY23 to Rs 49,878 crore from Rs 46,316 crore for the same period last year. CASA increased by 16% from Rs 13,411 crore to Rs 15,609 cr (YoY). CASA portion stood at 31% to total deposits. The cost of Deposits decreased to 4.47% in H1FY23 from 4.80% in H1FY22.
    • Advances:
      • Total advances increased by 12% for H1FY23 to Rs 42,701 crore from Rs 38,012 crore in H1FY22. We are looking forward to a growth rate of 15%-18% for FY23 and growth will be more in the second half. The credit deposit ratio stood at 86%. The yield on Advances decreased to 9.22% in H1FY23 as against 9.45% in H1FY22. However, the yield on advance improved from 9.04% in Q1FY23 to 9.39% in Q2FY23.
    • Asset quality:
      • The gross NPA, as on September 30, 2022, was reduced to 4.36% from 5.58% in H1FY22 and net NPA was decreased to 2.69% from 3.48%. The Provision Coverage Ratio as on Q2FY23 was at 66%.
    • Net Interest Margin:
      • Net Interest Margin improved to 4.02% in H1FY23 vs 3.95% in H1FY22. For Q2FY23, the NIM was 4.09%, against 3.95% in the corresponding Q2FY22.
    • Return on assets:
      • Return on assets for H1FY23 is 1.59% as against 1.30% for the same period of last year. The ROA for Q2FY23 is significantly increased to 1.72% from 1.32% in Q2FY22.
    • Return on equity:
      • Return on equity was at 14.80% in H1FY23 as compared to 11.88% in H1FY22. ROE for Q2FY23 was 15.98% as against 11.96% in the corresponding Q2FY22.
    • Cost-income ratio:
      • The cost to income ratio reduced to 39.10% in H1FY 23 from 40.56% for the corresponding Q2FY22. CIR for Q2FY23 stood at 38.43% against 40.51% in Q2FY22.
    • Capital adequacy:
      • The bank’s capital adequacy as of September 30, 2022, as per Reserve Bank of India (RBI) guidelines on Basel III norms is 20.08% and Tier-1 capital adequacy was 19.02%, well above regulatory requirements.

Result PDF

City Union Bank announced Q1FY23 Result :

  • Net Interest Income the bank earned a Net Interest Income of Rs.525 cr as against Rs.447 cr for the same period as compared to last year with a growth rate of 17%.
  • Non Interest Income of the bank is at Rs.217 cr in Q1 FY 23 as against Rs. 193 cr for Q1 FY 22. Starting from December 2021, the depreciation on Investments is charged to P&L instead of making provision as per the extant guidelines. We have provided Rs.42 cr towards provision for depreciation on investments for Q1 FY 23. Amount collected from T/W accounts was Rs.92 crs in the current quarter.
  • Operating Expenses for Q1 FY 23 is at Rs.295 cr as against Rs. 260 crs for the corresponding period of last year.
  • Operating Profit for Q1 FY 23 was Rs.447 Cr as against Rs.381 Cr for the same period as compared to the last year.
  • Provisions the bank made a provision of Rs.222 cr as of 30.06.2022. The total provision towards bad and doubtful debts is Rs.140 crs in Q1 FY 23 as against Rs.233 crs in the corresponding quarter last of year.
  • Net Profit the bank’s Profit after Tax was at Rs.225 cr in Q1 FY 23 as against Rs.173 cr in Q1 FY 22.
  • Total Deposits of the bank increased by 9% for Q1 FY 23 to Rs.48,772 cr from Rs.44,606 cr for the same period as compared to last year. CASA increased by 25% from Rs.12,299 crs to Rs.15,387 cr (YoY). CASA portion stood at 32% to total deposits. Cost of Deposits decreased to 4.43% in Q1 FY 23 from 4.95% in Q1 FY 22.
  • Total Advances increased by 12% for Q1 FY 23 to Rs.40,934 crs from Rs.36,395 crs in Q1 FY 22. We are looking forward a growth rate of 15% - 18% for FY 23 and growth will be more in second half. Credit Deposit ratio stood at 84%. The yield on Advances decreased to 9.04% in Q1 FY 23 from 9.40% in Q1 FY 22 in line with the market trend.
  • Asset Quality the Gross NPA as on June 30, 2022 was reduced to 4.65% from 5.59% in Q1 FY 22 and Net NPA was decreased to 2.89% from 3.49%. The Provision Coverage Ratio as on June, 2022 was at 64%.
  • Net Interest Margin stood at 3.95% in Q1 FY 23 Vs 3.86% in Q1 FY 22.
  • Return on assets for Q1 FY 23 is 1.46% as against 1.29% for the same period of last year. For FY 22 the ROA stood at 1.35%.
  • Return on Equity was at 13.57% in Q1 FY 23 as compared to 11.81% in Q1 FY 22. 13.
  • Cost to Income Ratio marginally reduced to 39.78% in Q1 FY 23 from 40.60% for the corresponding period last year.
  • The Bank’s capital adequacy as on 30th June 2022 as per Reserve Bank of India (RBI) guidelines on Basel III norms is 20.48% and Tier-1 capital adequacy was 19.42%, well above regulatory requirements.

 

 

Result PDF

City Union Bank announced Q4FY22 results:

  • FY22:
    • Deposits increased by 7% from Rs.44,537 crore to Rs.47,690 crore
    • Advances grew by 11% from Rs. 37,021 crore to Rs.41,156 crore
    • Net Interest Income up by 5% from Rs. 1,830 crore to Rs.1,916 crore
    • Total Business up by 9% from Rs. 81,558 crore to Rs.88,846 crore
    • Net Profit increased by 28% from Rs. 593 crore to Rs.760 crore
    • CASA deposits increased by 20% from Rs. 12,981 crore to Rs.15,529 crore and the CASA ratio stood at 33% to total deposits.
    • Net Interest Margin stood at 3.98% 

 

 

Result PDF

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