Latest news with #CityUnionBank
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Business Standard
5 hours ago
- Business
- Business Standard
City Union Bank Q1 results: Profit rises 16% to ₹306 cr, income grows 17%
City Union Bank on Thursday reported a 16 per cent rise in net profit at ₹306 crore during the first quarter of this financial year. The private sector lender had earned a net profit of ₹264 crore in the same quarter of the previous fiscal year. The total income rose to ₹1,849 crore during the June quarter of 2025-26, from ₹1,580 crore in the same quarter of FY25, the Tamil Nadu-based bank said in a regulatory filing. Interest earned by the bank improved to ₹1,605 crore, as compared to ₹1,388 crore in the June quarter of FY25. During the period, operating profit of the bank increased to ₹451 crore, as compared to ₹373 crore in the same quarter a year ago. The bank's asset quality showed an improvement as gross non-performing assets (NPAs) declined to 2.99 per cent of gross advances at the end of the June quarter, from 3.88 per cent a year ago. Similarly, net NPAs, or bad loans, declined to 1.2 per cent, as against 1.87 per cent in the year-ago period. However, provisions and contingencies increased to ₹70 crore during the first quarter as compared to ₹39 crore in the same period a year ago. Capital adequacy ratio of the bank declined to 23.1 per cent, from 23.58 per cent in the same quarter of FY25.
News18
7 hours ago
- Business
- News18
City Union Bank Q1 net profit rises 16 pc to Rs 306 cr
Agency: Last Updated: New Delhi, Jul 31 (PTI) City Union Bank on Thursday reported a 16 per cent rise in net profit at Rs 306 crore during the first quarter of this financial year. The private sector lender had earned a net profit of Rs 264 crore in the same quarter of the previous fiscal year. The total income rose to Rs 1,849 crore during the June quarter of 2025-26, from Rs 1,580 crore in the same quarter of FY25, the Tamil Nadu-based bank said in a regulatory filing. Interest earned by the bank improved to Rs 1,605 crore, as compared to Rs 1,388 crore in the June quarter of FY25. During the period, operating profit of the bank increased to Rs 451 crore, as compared to Rs 373 crore in the same quarter a year ago. The bank's asset quality showed an improvement as gross non-performing assets (NPAs) declined to 2.99 per cent of gross advances at the end of the June quarter, from 3.88 per cent a year ago. Similarly, net NPAs, or bad loans, declined to 1.2 per cent, as against 1.87 per cent in the year-ago period. However, provisions and contingencies increased to Rs 70 crore during the first quarter as compared to Rs 39 crore in the same period a year ago. Capital adequacy ratio of the bank declined to 23.1 per cent, from 23.58 per cent in the same quarter of FY25. PTI DP HVA (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
8 hours ago
- Business
- Business Standard
City Union Bank standalone net profit rises 15.66% in the June 2025 quarter
Total Operating Income rise 15.60% to Rs 1605.33 croreNet profit of City Union Bank rose 15.66% to Rs 305.92 crore in the quarter ended June 2025 as against Rs 264.49 crore during the previous quarter ended June 2024. Total Operating Income rose 15.60% to Rs 1605.33 crore in the quarter ended June 2025 as against Rs 1388.64 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% Operating Income1605.331388.64 16 OPM %69.5970.99 -PBDT380.92334.49 14 PBT380.92334.49 14 NP305.92264.49 16 Powered by Capital Market - Live News
Business Standard
21-07-2025
- Business
- Business Standard
City Union Bank slides after Q1 PAT declines 17% QoQ to Rs 4,116 cr
City Union Bank slipped 1.75% to Rs 143.45 after the bank's net profit fell 17.44% to Rs 4,115.53 crore on a 4.49% decline in total income to Rs 31,781.34 crore in Q1 FY26 over Q4 FY25. On a year-on-year (YoY) basis, net profit jumped 11.87%, while total income rose 2.94% in Q1 FY26. Net interest income (NII) slipped 3.18% to Rs 9,113 crore in the June 2025 quarter, compared to Rs 9,412 crore in the June 2024 quarter. For Q1 FY26, the net interest margin (NIM) was 2.76%, down from 3.05% in the corresponding period last year. Profit before tax (PBT) grew 4.96% YoY to Rs 5,244.15 crore in the quarter ended 30 June 2025. The bank's operating profit before provisions and contingencies fell 11.26% to Rs 6,908.66 crore in the June 2025 quarter, compared to Rs 7,785.31 crore in the same quarter the previous year. On the asset quality front, gross non-performing assets (GNPA) stood at Rs 34,311.31 crore as of 30 June 2025, down 17.16% from Rs 41,422.94 crore as of 30 June 2024. The gross NPA ratio stood at 3.52% as of 30 June 2025, compared to 4.54% as of 30 June 2024. The net NPA ratio stood at 0.62% as of 30 June 2025, down from 0.90% as of 30 June 2024. The banks capital adequacy ratio as of 30 June 2025, as per Reserve Bank of India (RBI) guidelines under Basel III norms, was 18.84%, with a Tier-1 capital adequacy of 15.86%. Total business of the bank increased by 5.01% YoY, with gross advances rising 6.83% YoY and total deposits growing 3.63% YoY. The bank had total business of Rs 22,14,422 crore as of 30 June 2025. Global deposits have increased by 3.63% YoY. The bank now has a total deposit base of Rs 12,39,933 crore as of 30 June 2025. The RAM segment of the bank increased by 10.34% YoY, with in which 25.63% growth in retail and 17.65% growth in MSME advances were achieved on a YoY basis. RAM advances as a percentage of domestic advances stood at 58.11%. The CRAR improved from 17.02% as of 30 June 2024 to 18.30% as of 30 June 2025. The CET-1 ratio rose from 13.81% to 15.30% over the same period. The banks return on assets (ROA) and return on equity (ROE) stood at 1.11% and 15.15%, respectively, during Q1 FY26. Union Bank of India is one of the leading public sector banks in the country. The Government of India holds 74.76% of the bank's total paid-up capital. The bank has 8,649 branches, including foreign branches, over 8,900 ATMs, more than 73,500 employees, and over 23,000 BC points.
Time of India
04-07-2025
- Business
- Time of India
City Union Bank receives digital payments award from the Union Finance Minister
On 18th June, Dr Managing Director and Chief Executive Officer of City Union Bank received the Digital Payments Award from the Union Finance Minister, Nirmala Sitharaman. The award was conferred in the ceremony held at Plenary Hall, Vigyan Bhawan, New Delhi. CUB has received the award for the second position among private sector banks. The Department of Financial Services, Ministry of Finance organised the 'Digital Payments Awards, to acknowledge the innovative and exemplary works done by banks and fintechs in the promotion of digital payments. City Union Bank was selected as one of the winners of Digital Payments Awards, for the overall digital payment's performance during FY 2024-25. City Union Bank Ltd., the oldest Private Sector Bank in India, was founded in 1904 and is headquartered at Kumbakonam, Tamil Nadu, India. The Bank has completed 120 years of Service to the nation. It has 880 branches and 1767 ATMs spread across the country. The Bank has been earning net profit and paying dividends to shareholders every year. The Bank has total business of Rs 116,592 Cr as on 31.03.2025. The net profit of the bank for the financial year 2024-25 is Rs 1,124 Cr. CUB has been a pioneer in providing advanced technology solutions to meet evolving needs of its diverse customer base. Tap, pay & go payments through Key chain and fitness watch, voice based authentication for logging into Mobile banking, Multilingual Voice Chatbot in regional languages, Voice based UPI123 pay, end to end digital loan processing and Nap ID fraud filter layer are the latest innovations in this direction. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
