City Union Bank's Q1 Profits Surge by 16% Amid Asset Quality Improvements
City Union Bank reported a 16% increase in net profit, reaching Rs 306 crore in Q1 2025-26. Total income rose to Rs 1,849 crore, with improvements in asset quality as gross NPAs declined to 2.99%. Despite an increase in provisions, the capital adequacy ratio slightly declined to 23.1%.
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City Union Bank announced a 16% increase in its net profit for the first quarter of the current financial year, achieving Rs 306 crore, a notable jump from Rs 264 crore in the same period last year.
The bank's total income surged to Rs 1,849 crore for the June quarter of 2025-26, reflecting a significant rise from Rs 1,580 crore in the previous financial year's corresponding quarter, according to a regulatory filing by the Tamil Nadu-based bank.
Asset quality improvements were evident as gross non-performing assets dropped to 2.99% from 3.88% a year earlier, although provisions and contingencies saw an increase to Rs 70 crore from Rs 39 crore year-on-year. Meanwhile, the bank's capital adequacy ratio experienced a slight decline, settling at 23.1%.
(With inputs from agencies.)
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