'City
Union Bank has reported healthy and improved 13%
growth in net profit at Rs 286.01 crore for the quarter ended December 2024
(Q3FY2025). The bank has posted accelerated 14% growth in net interest income
(NII), while the core fee income of the bank also improved 22% in Q3FY2025. The
Net Interest Margin (NIM) of the bank improved to 3.58% in Q3FY2025 compared to
3.50% in the corresponding quarter of previous year.
On business front, the bank as has posted 12% growth in business
with strong 15% surge in loan book. The asset quality of the bank has improved in
Q3FY2025. Bank has raised the credit to deposit ratio to 86.5% at end December
2024 from 83.5% at end December 2023. CASA ratio of the bank has declined to
27.7% at end December 2024 from 29.1% at end December 2023.
Asset quality improves: The bank has improved
asset quality in Q3FY2025.
The fresh slippages of loans stood at Rs 201 crore in Q3FY2025
compared with 176 crore in previo...
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