Wednesday, 6 August 2014

City Union Bank Q1 PAT up 10% at Rs 99.5 cr

The company's gross NPA rose by 100 bps at 1.91 percent versus 1.81 percent and net NPA was up 30 bps at 1.28 percent versus 1.23 percent, Q-o-Q.

City Union Bank  's April-June quarter (Q1FY15) net profit was up 10 percent at Rs 99.5 crore against Rs 90.3 crore in the same quarter last fiscal. NII was down marginally at Rs 186.7 crore versus Rs 187.3 crore, Y-o-Y. The company's gross NPA rose by 100 bps at 1.91 percent versus 1.81 percent and net NPA was up 30 bps at 1.28 percent versus 1.23 percent, Q-o-Q.

The provisions increased by 44 percent at Rs 42.7 crore versus Rs 29.6 crore, Q-o-Q and shown a rise of 108 percent against Rs 20.5 crore, Y-o-Y. The capital adequacy ratio (Basel III) stood at 14.51 percent versus 15.01 percent, Q-o-Q.

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