Now Reading: CUB Q1 net profit rises 25% to Rs 383 crore
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CUB Q1 net profit rises 25% to Rs 383 crore
City Union Bank reported a 25% increase in net profit to Rs 383 crore for the quarter ended June 30, 2026, The Hindu reports. Net interest income rose 31% to Rs 820…
The Story in Brief
City Union Bank reported a 25% increase in net profit to Rs 383 crore for the quarter ended June 30, 2026, The Hindu reports. Net interest income rose 31% to Rs 820 crore, driven by interest income growth of 24% to Rs 1,985 crore. Other income remained flat at Rs 244 crore.
Advances grew 25% year-on-year to Rs 67,645 crore, while deposits rose 21% to Rs 79,342 crore. Total business reached Rs 1.47 lakh crore. The RAM portfolio, retail, agriculture and MSME, including gold loans, accounted for 80% of total advances.
The Indian Opinion
The headline numbers look strong. But the flat other income and the RAM portfolio's 80% share deserve scrutiny. If the economy slows, retail and MSME loans could turn sour faster than corporate debt. The bank's deposit growth lagged advances, a gap that may pressure margins. Watch how net interest margins hold up in the next two quarters.
Source: thehindu.com
This story was synthesised by AI from the source linked above.
