Additionally, the board confirmed a dividend of ₹2 per share for FY 2024-25 (Apr-Mar), which was previously announced alongside the March quarter financial results on May 2.
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Net interest income (NII), which is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, was up 9.8%, coming at ₹600.3 crore against ₹546.5 crore in the corresponding quarter of FY24.
The gross non-performing asset (GNPA) stood at 3.09% in the fourth quarter against 3.36% in the third quarter. Net NPA (NNPA) reduced to 1.25% against 1.42% quarter-on-quarter (QoQ). Provisions stood at ₹78 crore against ₹75 crore QoQ and ₹32 crore YoY.
City Union Bank shares closed 3.04% lower on Wednesday at ₹200.00 on the National Stock Exchange.
