City Union Bank announced Q1FY25 results: Net Interest Income: The Bank earned Net Interest Income of Rs 545 crore for Q1FY25 as against Rs 523 crore in Q1FY24. Non Interest Income: Non Interest Income of Rs 192 crore for Q1FY25 as against Rs 191 crore in Q1FY24. Operating Expenses: The operating expense is Rs 364 crore for Q1FY25 as compared to Rs 300 crore in Q1FY24 Operating Profit: The Gross Profit was Rs 373 crore in Q1FY25 as against Rs 414 crore in the corresponding period last year. Provisions: The Bank made a provision of Rs 109 crore as of 30th June 2024 as against Rs 187 crore in the corresponding period last year. Net Profit: The PAT was Rs 264 crore in Q1FY25 as against at Rs 227 crore in Q1FY24. Deposits: Total Deposits of the Bank had increased by 6% for Q1FY25 to Rs 54,857 crore from Rs 51,655 crore in Q1FY24. CASA portion stood at 30% to total deposits. Cost of Deposits increased to 5.72% for the quarter ended 30th June 2024 from 5.36% in the same period last year. The increase is in line with policy rate hikes. Advances: Total Advances increased by 10% for Q1FY25 to Rs 46,548 crore from Rs 42,405 crore in Q1FY24. Credit Deposit ratio stood at 85%. The yield on Advances had increased to 9.59% in Q1FY25 from 9.53% in the corresponding period last year. The hike is due to transmission of policy rate hikes. Asset Quality: The Gross NPA as on 30th June 2024 stood at 3.88% as against 4.91% in the corresponding period last year. Net NPA for Q1FY25 is decreased to 1.87% from 2.51% for the same period. The Provision Coverage Ratio (including TW) as on 30.06.2024 stood at 73% and PCR without TW is at 53%. Net Interest Margin: Net Interest Margin is at 3.54% for Q1FY25. Return on Assets: Return on assets for Q1FY25 is at 1.51%. Return on Equity: Return on Equity was at 12.45% in for the quarter ended 30th June 2024. Cost to Income Ratio (CIR): Cost to Income Ratio stood at 49.34% in Q1FY25 vs 41.98% in Q1FY24. Capital Adequacy:The Bank’s capital adequacy as on 30th June 2024 as per Reserve Bank of India (RBI) guidelines on Basel III norms is 23.58 % and Tier-1 capital adequacy was 22.55%, well above regulatory requirements. Result PDF