City Union Bank Q1 Results: Net profit rises 30% YoY to Rs 225 crore

Interest income rose 10 per cent to Rs 1,099 crore, while the non-interest income grew by 12 per cent to Rs 218 crore in Q1 FY23.The bank's operating profit was higher by 17 per cent at Rs 447 crore as against Rs 381 crore.On the assets front, the gross non-performing assets (NPAs) of the lender came down to 4.65 per cent of the gross advances as of June 30, 2022 from 5.59 per cent a year ago.

City Union Bank Q1 Results: Net profit rises 30% YoY to Rs 225 crore
Interest income rose 10 per cent to Rs 1,099 crore, while the non-interest income grew by 12 per cent to Rs 218 crore in Q1 FY23.The bank's operating profit was higher by 17 per cent at Rs 447 crore as against Rs 381 crore.On the assets front, the gross non-performing assets (NPAs) of the lender came down to 4.65 per cent of the gross advances as of June 30, 2022 from 5.59 per cent a year ago.