News

City Union Bank Q4 net profit, NII rise; provisions jump YoY; declares dividendThe bank's gross non-performing asset (GNPA) stood at 3.09% in the fourth quarter against 3.36% in the third quarter. Net NPA (NNPA) reduced to 1.25% against 1.42% quarter-on-quarter (QoQ). Shares of City Union Bank Ltd ended at ₹174, down by ₹2.55, or 1.44%, on the BSE.By Jomy Jos Pullokaran   May 2, 2025, 5:10:35 PM IST (Updated)1 Min ReadPrivate sector lender City Union Bank Ltd on Friday (May 2) reported a 13% year-on-year (YoY) increase in net profit at ₹288 crore for the fourth quarter of FY25 over ₹254.8 crore in Q4FY24.

Net interest income (NII), which is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, was up 9.8%, coming at ₹600.3 crore against ₹546.5 crore in the corresponding quarter of FY24.

Also Read: Mastercard partners with City Union Bank to launch cricket-themed credit cards

The gross non-performing asset (GNPA) stood at 3.09% in the fourth quarter against 3.36% in the third quarter. Net NPA (NNPA) reduced to 1.25% against 1.42% quarter-on-quarter (QoQ). Provisions stood at ₹78 crore against ₹75 crore QoQ and ₹32 crore YoY.

The board of directors has recommended a dividend of ₹2 per equity share (200%) for the financial year 2024-25, subject to approval by the shareholders at the ensuing AGM.

Also Read: City Union Bank CEO says credit cards introduced to retain customers

The results came after the close of the market hours. Shares of City Union Bank Ltd ended at ₹174, down by ₹2.55, or 1.44%, on the BSE.

Continue Reading(Edited by : Shoma Bhattacharjee)First Published: May 2, 2025 5:09 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsCity Union BankearningsResults Boardroomshare market today