City Union Bank Q1 net rises 25% to ₹383 crore
City Union Bank reported a 25% year-on-year increase in net profit to ₹383 crore for the first quarter of the fiscal year. The bank also saw significant growth in interest income and total business volume.
Why it matters
Strong financial results for regional banks indicate stability and growth trends within the Indian banking and MSME lending sectors.
City Union Bank (CUB) reported a 25% year on year (YoY) increase in net profit to ₹383 crore for the first quarter. During the same period last year, the bank’s net profit was ₹306 crore. The bank’s Interest income rose 24% YoY to ₹ 1,985 crore during the quarter, while interest expenses increased by 19% to ₹1,165 crore.
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