The bank had to make Rs 27.1 crore of provisions in the December quarter, compared to Rs 29.1 crore during the same period of the previous year.
City Union Bank 's December quarter net profit rose 15.3 percent to Rs 102.7 crore, and net interest income rose 6.2 percent to Rs 209.8 crore.
The bank's gross non-performing assets declined to 2.12 percent for the December quarter, compared to 2 percent in the September quarter. Net NPAs stood at 1.31 percent compared to 1.30 percent in the September quarter.
The bank had to make Rs 27.1 crore of provisions in the December quarter, compared to Rs 29.1 crore during the same period of the previous year.
Provisions, however, declined sharply from Rs 54.6 crore during the September quarter.
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