City Union Bank Profit Soars 25%

City Union Bank announced a substantial 25% year-on-year increase in net profit, achieving ₹383 crore for the first quarter ending June 30, 2026. The bank's financial performance was bolstered by a significant 31% growth in net interest income (NII), which rose to ₹820 crore from ₹1,985 crore in interest income versus ₹1,165 crore in interest expenses.

Advances grew by 25% to ₹67,645 crore, and deposits increased by 21% to ₹79,342 crore. Total business reached ₹1.47 lakh crore, a 23% increase from the previous year. The bank maintained asset quality improvements, with the gross NPA ratio decreasing to 1.73% and the net NPA ratio to 0.61%.

Despite a 37% rise in total provisions, primarily due to increased tax provisions, the bank demonstrated strong operational performance. The retail, agriculture, and MSME portfolio constitutes 80% of total advances, highlighting a strategic focus on these sectors. Current account and savings account (CASA) deposits formed 26% of the total deposit base.