City Union Bank (CUBK) reported a weak performance in Q4FY23, with the outlook remaining tepid for the first half of FY24
CUBK earned Net Interest Income of Rs.514.3 crores for Q4FY23 as against Rs.500.7 crores in Q4FY22. For FY23, the NII increased by 13% and stood at Rs. 2,163.0 crores as against Rs. 1,916.0 crores for the last financial year. The bank’s NIM declined to 3.65% in Q4FY23 from 3.88% in Q3FY23 and 4.01% in Q4FY22.