City Union Bank Ltd. reported fourth-quarter net revenue grew 4.3% year-on-year to ₹218 crore.
For the yr ended FY23, the net revenue grew 23% to ₹937 crore.
Net curiosity earnings (NII) grew to ₹514 crore for the quarter from ₹501 crore within the year-earlier interval.
For FY23, net curiosity earnings elevated by 13% to ₹2,163 crore as in opposition to ₹1,916 crore for the earlier yr.
The personal sector lenders whole deposits by 10% in FY23 to ₹52,398 crore.
Total advances elevated by 7% to ₹43,971 crore.
The bank’s gross NPAs as on March 31 lowered to 4.37% from 4.70% whereas net NPAs decreased to 2.36% from 2.95%.
Provision protection ratio as on March 31 improved to 69% from 64% in FY22.
The bank’s capital adequacy as on March 31 stood at 22.34% from 20.85% whereas Tier-1 capital adequacy was 21.27%, effectively above the regulatory necessities.
Net Interest Margin for FY23 stood at 3.89%, it added.
