Compared to Rs.253 crore during the same period previous year, City Union Bank's net profit for the third quarter of FY25 increased by 13% year over year (YoY) to Rs.286 crore. During the October–December period, the bank's net interest income (NII) increased by 14%, from ₹516 crore YoY to Rs.587.7 crore.
With gross non-performing assets (GNPA) falling to 3.36% from 3.54% in the prior quarter (QoQ), the lender claimed an improvement in asset quality. In a similar vein, net NPA (NNPA) decreased from 1.62% QoQ to 1.42%.
For the second quarter of FY25, the private sector lender posted a net profit of Rs.285.2 crore. In the September quarter, net interest income (NII) increased by 8.2%. GNPA decreased from 3.88% to 3.54% in Q1.
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