The Hindu·2 min read·medium
City Union Bank Q1 net rises 25% to ₹383 crore
T
The Hindu Bureau
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City Union Bank reported a 25% year-on-year increase in net profit to ₹383 crore for the first quarter of the fiscal year. The bank also saw significant growth in interest income and total business volume.
City Union Bank (CUB) reported a 25% year on year (YoY) increase in net profit to ₹383 crore for the first quarter. During the same period last year, the bank’s net profit was ₹306 crore. The bank’s Interest income rose 24% YoY to ₹ 1,985 crore during the quarter, while interest expenses increased by 19% to ₹1,165 crore.
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