Exclusive: N Kamakodi, MD & CEO, City Union Bank On Q1 Earnings, NPAs, CASA & Outlook

Join BTTV's Shailendra Bhatnagar in an exclusive conversation with N. Kamakodi, MD & CEO of City Union Bank, as they decode the bank's Q1 FY25 results. City Union Bank reported a 16% year-on-year (YoY) rise in its first-quarter profit for the financial year 2024-25 (Q1 FY25). During the review quarter, the profit after tax (PAT) was Rs 264 crore, up from Rs 227 crore in the same period last year. Net interest income (NII), the difference between a bank's interest income from lending activities and the interest it pays to depositors, increased by 4.5% to Rs 546 crore compared to Rs 522.6 crore in Q1 FY24. The gross non-performing asset (GNPA) ratio decreased to 3.88% in Q1 FY25 from 4.91% in the June 2023 quarter, while the net NPA fell to 1.87% from 2.51% in the year-ago quarter.