New Delhi: City Union Bank on Wednesday reported over 12 percent rise in its standalone net profit at Rs 111.56 crore during the first quarter ended June, 2015.
The bank had reported a net profit of Rs 99.50 crore in the same quarter of last fiscal.
Total income (standalone) rose to Rs 810.93 crore from Rs 754.03 crore in the year-ago quarter, registering a gain of 7.5 percent, the bank said in a BSE filing.
The bank's gross bad loans or non-performing assets (NPAs) rose to 2.01 percent of gross advances in the first quarter of current fiscal from 1.91 percent, a year ago.
Net NPAs stood at 1.32 percent during April-June period of 2015-16, a tad up from 1.28 percent of net advances in the first quarter of the previous fiscal.
Bank's provision of bad loans and contingencies were up at Rs 45.10 crore in the latest quarter, from Rs 42.70 crore provision made in the year ago period.
Shares of City Union Bank were trading at Rs 99.50 apiece on BSE, up 0.05 percent from the previous close.
