City Union Bank Reports ₹285.2 Crore Q2 Profit

21 Oct 2024 , 07:53 PM

City Union bank, Which is a Indian Private Sector bank, has released it Q2 result on Monday. CUB announced a net profit of ₹285.2 crore. This is said to have a 1.6% compared to the last year’s Quarter correspondingly. 

The Net Interest Income has witnessed increased lending activity and stable interest margins out of which it has reached ₹582.5 Crore in Q2 FY25. This is said to have record 8.2% from the Q1 FY25. In Q1 FY 25, the Net Interest Income was recorded to be ₹546 Crore, which is only 4.5%.

In terms of asset quality, City Union Bank has recorded marked improvement in Q2 FY 25. The Bank’s Gross Non-performing Asset, the NPA fell to 3.54% in Q2 FY 25. The same result has recorded a 3.99% result in the Q1 FY 25.

On October 21, 2024, the market closed with a 2.75% dip on the NSE which is at ₹150.20. In the last one year City Union Bank Shares have recorded 15% growth, and decreased 1.35% since the beginning of the year.