CUB Q2 : STANDALONE NET PROFIT UP 27% AT ₹416 CR (YOY), UP 8.9% (QOQ), STRONG (ON 1ST LOOK)

Net interest income up 31% at ₹873 Cr (YoY); total income up 28% at ₹2,442 Cr. Operating profit up 40% at ₹661 Cr (YoY); NIM 3.87% v 3.63% (YoY). Gross NPA 1.44% v 2.42% (YoY); net NPA 0.48% v 0.90% (YoY). Deposits up 21% at ₹83,893 Cr; advances up 26% at ₹72,442 Cr (YoY). Return on assets 1.62% v 1.59% (YoY); capital adequacy 21.26% v 21.68% (YoY).

City Union Bank Ltd

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