Home Business News Profit for CUB Q2 rises 15% to ₹ 182 crore

Profit for CUB Q2 rises 15% to ₹ 182 crore

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Interest has risen 1% to 8 478 crore and interest rate has risen 4.03%

City Union Bank (CUB) Limited also said that the interest rate for the second quarter ended September 15% to ₹ 182 crore.

Interest rates rose by 1% to 8 478 crore and interest rates remained at 4.03%, the lender said.

Interest reached ₹ 1,022 crore from ₹ 1,061 crore, while interest-free payments rose 20% to ₹ 203 crore. Donations were reduced by ₹ 4 crore to ₹ 223 crore.

Commercial banking prices increased by ₹ 100 crore to ₹ 761 crore, corporate banking / sales total decreased by ₹ 91 crore to ₹ 244 crore and cash flow from chuma 209 crore (₹ 229 crore). Total cost is ndi 5 crore to ₹ 1,225 crore.

The total NPA rose from 3.44% to 5.58%, while the overall NPA rose to 3.48% from 1.81%. Interest rate is 62%.

Deposits increased by 12% to ₹ 46,316 crore, the growth rate increased by 7% to ₹ 38,012 crore. CASA deposits increased by 26% to ₹ 13,411 crore and the CASA rate stood at 29% to total deposits.

In the past few months, thanks to COVID and no further growth, CUB has strengthened its gold debt, which has increased by 73% from ₹ 4,537 crore to ₹ 7,849 crore.

During the quarter, the bank repaired 45 2 322 crore lending accounts under MSME and 295 cr 92 crore lenders non-MSME.

The business lender sold 66 60 13.60 crore accounts to the Asset Reconstruction Company on a cum-security receipt, in addition to another ₹ 18 crore account for cash.



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