Chennai: Private sector City Union Bank (CUB) on Wednesday posted a 27% growth in profit after tax (PAT) at Rs 416 crore in the quarter ended Sept 30, 2026, against Rs 329 crore during the corresponding quarter last year.
Its Net Interest Income (NII) of Rs 873 crore for Q2 FY27 increased by 31% from Rs 667 crore during the year ago quarter, while the Non Interest Income rose by 35% from Rs 350 crore (Q2 FY27) over Rs 259 crore in Q2 FY26. The bank made a provision for bad debts for Rs 120 crore as of 30.09.2026, as against Rs 110 crore in the corresponding period last year, CUB said in a statement. Total advances increased by 26% for Q2 FY27 to Rs 72,442 crore from Rs 57,561 crore in Q2 FY26. The average Credit Deposit ratio stood at 86%. The gross NPA for Q2 FY27 reduced to 1.44% from 2.42% in the corresponding quarter last financial year, which is a decline of 98 bps. Net NPA decreased by 42 bps to 0.48% from 0.9% for the same period, it added.
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