City Union Bank (CUB) Ltd. reported a 15% increase in its net profit to Rs. 182.10 crore for the second quarter of the current fiscal, against Rs. 157.66 crore in the year-ago period. Total income stood at Rs. 1,224.94 crore, compared with Rs. 1,230.27 crore, registering a marginal decrease.
The bank in a statement said its gross NPA went up to 5.58% from 3.44% in the same period last year. The net NPA also increased to 3.48% from 1.81%.
Net interest income grew 1%, from Rs. 475 crore to Rs. 478 crore, and net interest margin stood at 4.03%. However, interest income was lower by 3.65% at Rs. 1,022.19 crore, against Rs. 1,060.95 crore.