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Language , Updated: Aug 8, 2022, 9:02 PM
New Delhi, Aug 8 (PTI) City Union Bank’s internet benefit jumped 30 in keeping with cent to Rs 225 crore for the quarter ended June. The benefit of the financial institution has higher because of build up in curiosity and different source of revenue and relief in unhealthy loans. Due to this, the financial institution had a internet benefit of Rs 173 crore in the similar quarter of the former monetary 12 months. The financial institution mentioned in a commentary that its general source of revenue throughout the quarter grew by way of 11 in keeping with cent to Rs 1,317 crore as towards Rs 1,191 crore within the corresponding quarter of the former monetary 12 months. Banks throughout the quarter
Due to this, the financial institution had a internet benefit of Rs 173 crore in the similar quarter of the former monetary 12 months.
The financial institution mentioned in a commentary that its general source of revenue throughout the quarter grew by way of 11 in keeping with cent to Rs 1,317 crore as towards Rs 1,191 crore within the corresponding quarter of the former monetary 12 months.
The financial institution’s curiosity source of revenue grew 10 in keeping with cent to Rs 1,099 crore throughout the quarter. On the opposite hand, non-interest source of revenue higher by way of 12 in keeping with cent to Rs 218 crore.
The financial institution’s running benefit jumped 17 in keeping with cent to Rs 447 crore from Rs 381 crore.
The financial institution’s gross non-performing belongings (NPAs) declined to 4.65 in keeping with cent within the quarter beneath overview. It was once at 5.59 in keeping with cent a 12 months in the past.
Similarly, the financial institution’s internet NPAs got here down to two.89 in keeping with cent (Rs 1,161 crore) from 3.49 in keeping with cent (Rs 1,242 crore) a 12 months in the past.
