Net interest income (NII) surged 31% YoY to Rs 820 crore from Rs 625 crore in Q1 FY26, while net interest margin (NIM) improved to 3.78% from 3.54% a year earlier.
The bank continued to witness healthy business growth, with total deposits rising 21% YoY to Rs 79,342 crore as of 30 June 2026. Total advances increased 25% YoY to Rs 67,645 crore, while CASA deposits grew 18% to Rs 21,094 crore.
Asset quality strengthened further during the quarter. Gross non-performing assets (GNPA) declined to 1.73% as of 30 June 2026 from 2.99% a year earlier, while net NPA improved to 0.61% from 1.20%. The provision coverage ratio (PCR) stood at 85% including technical write-offs and 65% excluding technical write-offs.
The bank also maintained a strong capital position, with its capital adequacy ratio under Basel III norms at 21.73% and Tier-I capital adequacy at 20.97% as of 30 June 2026, well above the regulatory requirement.
City Union Bank is an old sector private sector bank with 1000 branches across 17 states and 3 Union territories. It is a scheduled commercial Bank regulated by the Reserve Bank of India. The bank positioned itself as a banker to SMEs, Agri and Traders apart from all other banking activities.
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