City Union Bank's third quarter net profit rose by 18 percent year-on-year to Rs 85.2 crore despite increase in non-performing assets.
Gross non-performing asset (NPA) increased to Rs 178.7 crore as against Rs 166.1 crore while net NPA moved up to Rs 91.4 crore as against Rs 80.7 crore quarter-on-quarter.
Provisions against bad loans jumped to Rs 31 crore in October-December quarter as against Rs 27.9 crore in September quarter.
Capital adequacy ratio stood at 12.39 percent, down by 87 basis points quarter-on-quarter compared to 13.26 percent
At 11:51 hours IST, shares declined more than one percent to Rs 60.45 on Bombay Stock Exchange on Friday.
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