'City Union Bank has reported 16% growth in net profit at Rs 305.92 crore
for the quarter ended June 2025 (Q1FY2026). The bank has posted healthy 15% growth
in net interest income (NII), while the core fee income of the bank also
improved 22% in Q1FY2026. The Net Interest Margin (NIM) of the bank was steady
at 3.54% in Q1FY2026 compared to 3.54% in the corresponding quarter of previous
year.
On business
front, the bank as has posted 18% growth in business with strong 16% surge in
loan book. The asset quality of the bank continued to improve in Q1FY2026. Bank
has substantially reduced the credit to deposit ratio to 82.2% at end June 2025
from 84.9% at end June 2024. However, the CASA ratio of the bank has declined
to 27.3% at end June 2025 from 29.5% at end June 2024.
Asset
quality improves: The bank has continued to improve asset quality in Q1FY2026.
The fresh
slippages of loans stood at Rs 196 crore in Q1FY2026 compared with 260 crore in
p...
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