Private sector City Union Bank has reported a 17 per cent jump in its net profits at Rs 254.81 crore for the January-March 31, 2024 quarter, based on improved recovery from slippages.
The Tamil Nadu-based bank had registered a net profit of Rs 218.04 crore during the corresponding quarter of last year.For the financial year ending March 31, 2024, the net profits of the bank breached the Rs 1,000 crore mark, with Rs 1,015.73 crore, up by 8 per cent from Rs 937.47 crore registered a year ago.
“Improved recovery resulting in lowering provisioning helped to achieve growth in PAT,” the bank said in a statement on Tuesday.The total income during the quarter…
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City Union Bank records 17% up Q4 net at Rs 254.81 crore
