City Union Bank announced Q2FY25 & H1FY25 results Net Interest Income: The Bank earned Net Interest Income of Rs 582 crore for Q2FY25 and Rs 1,128 crore for H1FY25 as against Rs 538 crore and Rs 1,061 crore respectively in Q2FY24 and H1FY24. The NII had grown by 8% for Q2FY25 and 6% for H1FY25. Non Interest Income: Non Interest Income of the Bank for Q2FY25 was at Rs 226 crore as against Rs 182 crore for Q2FY24 with 24% growth. For H1FY25, it had grown by 12% and stood at Rs 418 crore as against Rs 374 crore for the same period last financial year. Operating Expenses: The operating expense is Rs 381 crore for Q2FY25 as compared to Rs 334 crore in Q2FY24 and for H1FY25 the same was at Rs 744 crore as against Rs 634 crore for the corresponding period las year. Operating Profit: The Gross Profit for Q2FY25 stood at Rs 428 crore as against Rs 387 crore in Q2FY24 with a growth of 11%. For the half year ended FY25 the operating profit was at Rs 802 crore compared to Rs 801 crore in the corresponding period last year. We had positive growth in our operating profit after 6 quarters as our business growth is showing improvement. Provisions: The Bank made a provision of Rs 252 crore as of Q2FY25 as against Rs 293 crore in the corresponding period last year. Net Profit: The PAT had increased marginally to Rs 285 crore in the current quarter from Rs 281 crore in Q2FY24. For the half year ended PAT had registered a growth of 8% and stood at Rs 550 crore as compared to Rs 508 crore for H1FY24. Deposits: Total Deposits of the Bank had increased by 9% and increased to Rs 57,369 crore in Q2FY25 from Rs 52,714 crore in corresponding period last year. CASA portion stood at 29% to total deposits. Cost of Deposits increased to 5.73% in H1FY25 from 5.44 % in H1FY24. Advances: Total Advances increased by 12% for Q2FY25 to Rs 48,722 crore from Rs 43,688 crore in Q2FY24. Average Credit Deposit ratio stood at 84%. The yield on Advances for H1FY25 improved to 9.70% compared to is at 9.65% for H1FY24. Asset Quality: The Gross NPA for Q2FY25 was reduced to 3.54% from 4.66% in the corresponding quarter last financial year. Net NPA was decreased to 1.62% from 2.34% for the same period. The provision coverage ratio (PCR) as of 30.09.2024 is at 75% (including T/W) and 55% (excluding T/W). We are taking necessary steps to improve the PCR further. Net Interest Margin: Net Interest Margin is at 3.67% for Q2FY25 showing sequential increase from Q1FY25 where it stood at 3.54%. Return on Assets: Return on assets for Q2FY25 is 1.59% and for half year ended FY25 it stands at 1.55% which is in line with our long-term average levels. Return on Equity: Return on Equity was at 12.93% in Q2FY25 and for H1FY25 it stands at 12.74%. Cost to Income Ratio (CIR): Our cost to income ratio for Q2FY25 had reduced to 47.06% as compared to 49.34% in Q1FY25 and 51.26% in Q4FY24 showing sequential decrease. The CIR had reduced in the current quarter due to significant improvement in loan processing charges and interest received on IT refund. The CIR may hover around 48% to 50% for the current financial year. Capital Adequacy: The Bank’s capital adequacy as on 30.09.2024 as per Reserve Bank of India (RBI) guidelines on Basel III norms is 22.98% and Tier-1 capital adequacy was 21.98%, well above regulatory requirements. Result PDF