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Net Interest Income (NII) is expected to increase by 2.2 percent Y-o-Y (down 2.3 percent Q-o-Q) to Rs. 534.1 crore, according to Prabhudas Lilladher.
City Union Bank core has seen good growth in core income this quarter. The gross NPA has come down from 1.23 percent to 1.13 percent, while the gross number has come down from Rs 178.74 crore to Rs 173.10 crore.
Dolat Capital has come with its September`12 quarterly earning estimates for financial sector. According to the research firm banks‘ asset quality would remain under stress particularly for state-owned banks.
Dolat Capital has come with its June quarterly earning estimates for banking sector. According to the research firm, banks are likely to post 27% YoY growth in PAT for Q1FY13.
The private sector lender managed to improve its net interest margins by 15 bps to about 3.39% in Q4. Dr N Kamakodi, MD & CEO, City Union Bank told CNBC-TV18, it is hopeful of maintaining the NIMs above 3.3% going ahead.
N Kamakodi, MD & CEO, City Union Bank in an interview with CNBC-TV18 spoke about the performance of the bank and the road ahead. He said, "I do not expect major change in the margins. We always keep an average net interest margin a 3.3% and the range grows between 3% to 3.8%."
City Union Bank has reported a net profit of Rs 57.7 crore for the quarter ended December 2010 as against Rs 40.6 crore in same quarter the previous year.