NII or the difference between the interest earned on loans and that paid on deposits increased 8% to Rs 7 ...More

NII or the difference between the interest earned on loans and that paid on deposits increased 8% to Rs 7582 crore from Rs 7013 crore a year ago. Other income growth was slower at just 1% year on year, mainly as treasury income fell 64% to Rs 395 crore from Rs 1100 crore a year ago. ...Less

City Union Bank has reported 26.2 per cent growth in net profit at Rs 73.88 crore for the first quarter e ...More

City Union Bank has reported 26.2 per cent growth in net profit at Rs 73.88 crore for the first quarter ending June 30. ...Less

Total income during April-June 2021 fell to Rs 1,193 crore from Rs 1,210 crore in the same period a year ...More

Total income during April-June 2021 fell to Rs 1,193 crore from Rs 1,210 crore in the same period a year ago, the bank said in a regulatory filing. ...Less

The bank had posted a net profit of Rs 185.65 crore in the corresponding period of the previous fiscal, C ...More

The bank had posted a net profit of Rs 185.65 crore in the corresponding period of the previous fiscal, CUB said in a regulatory filing. ...Less

The bank's asset quality showed improvement as gross Non-Performing Assets (NPAs) declined to 7.34 per ce ...More

The bank's asset quality showed improvement as gross Non-Performing Assets (NPAs) declined to 7.34 per cent of gross advances at the end of the June quarter from 10.22 per cent a year ago. ...Less

UBI has decided to sell the 30% stake it got in IndiaFirst Life Insurance company after it took over Andh ...More

UBI has decided to sell the 30% stake it got in IndiaFirst Life Insurance company after it took over Andhra Bank in April and will do so before the end of the fiscal year ...Less

Interest income rose 10 per cent to Rs 1,099 crore, while the non-interest income grew by 12 per cent to ...More

Interest income rose 10 per cent to Rs 1,099 crore, while the non-interest income grew by 12 per cent to Rs 218 crore in Q1 FY23.The bank's operating profit was higher by 17 per cent at Rs 447 crore as against Rs 381 crore.On the assets front, the gross non-performing assets (NPAs) of the lender came down to 4.65 per cent of the gross advances as of June 30, 2022 from 5.59 per cent a year ago. ...Less

Provisionings for bad loans and contingencies fell to Rs 3,723.76 crore, against Rs 4,242.45 crore a year ...More

Provisionings for bad loans and contingencies fell to Rs 3,723.76 crore, against Rs 4,242.45 crore a year ago. ...Less

Union Bank share prices fell over 5% after its Q1FY26 update revealed sequential declines in key metrics ...More

Union Bank share prices fell over 5% after its Q1FY26 update revealed sequential declines in key metrics such as CASA deposits and total global business. Despite year-on-year growth, the drop in low-cost deposits and advances raised concerns about the bank’s near-term profitability outlook. ...Less