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Informist, Tuesday, Jul. 28, 2026

 

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--City Union Bank Apr-Jun net profit INR 3.83 bln 
--Analysts saw City Union Bank Apr-Jun net profit INR 3.72 bln 
--City Union Bank Apr-Jun total income INR 22.29 bln 
--City Union Bank Apr-Jun net profit INR 3.83 bln vs INR 3.06 bln year ago 
--City Union Bank Apr-Jun total income INR 22.29 bln vs INR 18.49 bln yr ago 
--City Union Bank Apr-Jun provisions INR 780 mln vs INR 700 mln year ago 
--City Union Bank gross NPA ratio 1.73% on Jun 30 vs 1.91% qtr ago 
--City Union Bank net NPA ratio 0.61% on Jun 30 vs 0.68% qtr ago 
--City Union Bank basel III capital adequacy ratio 21.73% on Jun 30 
--City Union Bank provision coverage ratio 85% on Jun 30 
--City Union Bank Apr-Jun net interest margin 3.78% vs 3.54% year ago 
--City Union Bank Apr-Jun net interest income INR 8.20 bln, up 31% on yr 
--City Union Bank Apr-Jun net interest margin 3.78% vs 3.87% quarter ago 
--City Union Bk Apr-Jun cost of deposit 5.56% vs 5.60% qtr ago 
--City Union Bk Apr-Jun yield on advances 9.79% vs 9.80% qtr ago 
--City Union Bank advances at INR 676.45 bln on Jun 30, up 25% on year 
--City Union Bank deposits at INR 793.42 bln on Jun 30, up 21% on year

 

By Adithi Nemani

 

MUMBAI – City Union Bank reported strong year-on-year growth in net profit for the June quarter, driven by improved asset quality and strong loan growth, beating the Street estimates. The bank's net profit grew 25% on year to INR 3.83 billion from INR 3.06 billion. Analysts had estimated the net profit at INR 3.72 billion. The bank's interest income grew 24% on year to INR 19.85 billion from 16.05 billion. Its net interest income rose 31% on year to INR 8.20 billion for the June quarter from INR 6.25 billion. It reported a total income growth of 21% on year to INR 22.29 billion from INR 18.49 billion.

 

The bank's interest expense increased 21% on year to INR 11.65 billion from INR 9.80 billion. Its operating expense increased 16% on year to INR 4.83 billion from INR 4.18 billion. The bank's total expense rose 18% on year to INR 16.48 billion from INR 13.98 billion.  

 

The bank's net interest margin rose to 3.78% from 3.54% in the year-ago quarter. Its deposits increased 21% on year to INR 793.42 billion from INR 657.34 billion. The bank has seen a sharp growth in its advances, which rose to INR 676.45 billion, up 25% on year from INR 540.20 billion. The bank's operating profit grew 25% on year to INR 3.83 billion from INR 3.06 billion. 

 

The bank's gross non-performing assets declined to 1.73% in the June quarter from 2.99% in the year-ago quarter. The bank's net non-performing assets ratio fell to 0.61% at the end of June from 1.20% at the end of March. The bank's interest expense was INR 11.65 billion for the June quarter, up nearly 19% on year. Analysts had expected the bank's interest income to grow 3.6% on quarter to INR 8.14 billion.

 

The private sector lender made provisions of INR 1.98 billion for the June quarter from INR 1.45 billion in the year-ago quarter. The bank's return on assets for the June quarter was 1.57% and its return on equity was 14.37%. City Union Bank's total business grew 23% on year to INR 1.47 trillion in the June quarter from INR 1.19 trillion. 

 

The bank's performance in the June quarter was supported by steady revenue growth across various segments. The bank's loan disbursements to the micro, small, and medium enterprises rose 15.3% on year to INR 249.73 billion from 216.65 billion. Its loan disbursements to the agricultural sector rose 29% on year to INR 111.85 billion from INR 86.67 billion. The bank has launched a new all-in-one mobile banking app and Salaryse-Level Up Credit Card.

 

Shares of the bank rose sharply after the earnings were announced and ended up 8% over Monday at INR 238.14 on the National Stock Exchange.  End

 

Edited by Pankaj Aher

 

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