Private sector lender City Union Bank reported a 1.6 per cent rise in its net profit for the second quarter of FY25, reaching ₹285.2 crore, up from ₹280.6 crore in the same period last year.
The bank also posted an 8.2 per cent growth in net interest income (NII), which stood at ₹582.5 crore, compared to ₹538.4 crore in the corresponding quarter last year.
This marks an improvement from the 4.5 per cent NII growth recorded in Q1 FY25.
The growth in NII is driven by increased lending activity and stable interest margins.
Also Read | UCO Bank Reports Robust Q2 Results: Net Profit Jumps 50% to ₹603 Crore
Additionally, the bank’s asset quality improved, with gross non-performing assets (NPA) declining to 3.54 per cent from 3.88 per cent in Q1 FY25, and net NPA falling to 1.62 per cent from 1.87 per cent. These improvements reflect enhanced risk management and recovery efforts.
