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City Union Bank Profit Soars 26% to Rs 416 Cr
29 Oct
Summary
- Net profit increased by 26% to Rs 416 crore in the second quarter of FY27.
- Interest income grew by 27% to Rs 2,092 crore in the same period.
- Net non-performing assets significantly improved to 0.48%.
City Union Bank reported a significant 26% rise in its net profit for the second quarter of the fiscal year 2027, amounting to Rs 416 crore. This performance marks an improvement from the Rs 329 crore net profit recorded during the corresponding period in the previous fiscal year.
The bank's financial strength was further underscored by a 27% growth in interest income, which reached Rs 2,092 crore for the quarter ended September 2026. In addition to profit and income growth, City Union Bank made notable progress in asset quality. Its net non-performing assets saw a considerable reduction, improving from 0.90% in the year-ago period to 0.48% by the September quarter of FY27.
Reflecting investor confidence, shares of City Union Bank traded higher on the BSE, indicating a positive market reception to the bank's quarterly results.
