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City Union Bank Sees 26% Net Profit Growth in Q2 FY27

Ibrahim KhanSource: thehindubusinessline.com
Updated 18h ago
City Union Bank Sees 26% Net Profit Growth in Q2 FY27
City Union Bank Sees 26% Net Profit Growth in Q2 FY27Source: thehindubusinessline.com
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City Union Bank reported a 26% increase in net profit to ₹416 crore for Q2 FY27, driven by robust core business growth and a 26% growth in total advances. The bank's asset quality improved, with a 42% reduction in gross NPA, and net interest margins remained stable at 3.87%. Total deposits increased by 21% to ₹83,893 crore.

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