City Union Bank (CUB) has reported an 18. Five p.c drop in benefit to Rs 157.7 crore all the way through the quarter ended September 30, 2020, from Rs 193.Five crores 12 months in the past.

The financial institution’s benefit after tax (PAT) stood at Rs 158 cr in Q2FY21 as in opposition to Rs 194 cr in Q2FY20. PAT for the quarter was once impacted because of the further provision made to the music of Rs 115 cr in opposition to Covid-19 to fulfill any long run contingency.

Net hobby source of revenue (NII) stood at Rs 475.2 crore in comparison to Rs 411.Five crore, up 15.four p.c.

Provisions stood at Rs 177 crore all the way through the second one quarter as in comparison to Rs 157 crore within the first quarter and Rs 107.95 crore all the way through the second one-quarter of final 12 months.

The lender’s internet NPA dropped to at least one.81 p.c all the way through the second one quarter from 2.11 p.c within the first quarter and 1.90 p.c all the way through the second one-quarter of the final 12 months. Gross NPA was once at 3.44 p.c all the way through the second one quarter as in comparison to 3.90 p.c within the first quarter and three.41 p.c final 12 months in the second quarter.

The financial institution’s CAR stood at 17.36 p.c in comparison to 16.77 p.c within the first quarter and 15.49 p.c all the way through the second one quarter ended September 2019.

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