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City Union Bank reports 11% rise in Q3 net profit

13 Feb 2023 Evaluate

City Union Bank has reported results for third quarter ended December 31, 2022 (Q3FY23).

The bank has reported 11.07% rise in its net profit at Rs 217.84 crore for the quarter under review as compared to Rs 196.12 crore for the same quarter in the previous year. Total income of the bank increased by 19.64% at Rs 1429.98 crore in Q3FY23 as compared Rs 1195.24 crore for the corresponding quarter previous year.

The bank’s gross NPA for the Q3FY23 of the current fiscal improved to 4.62%, as compared to 5.21% in the same quarter of the previous year.

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