City Union Bank reported a **35.2% jump in ** to ₹285 crore for Q1 FY27, driven by strong core income growth and improved . The bank's gross (GNPA) fell significantly, enhancing its financial health.
₹285 crore
Q1 FY27 Net Profit
Q1 FY26: ₹211 crore→₹285 crore
📊 One chart explains it
City Union Bank: Q1 Net Profit (₹ Crore)
Takeaway: City Union Bank has shown a strong rebound in Q1 net profit, reaching its highest level in the last five fiscal years.
⏳ Time Machine
How today’s news fits into the bigger picture
Q1 FY24
Higher GNPA at 4.23%
In the first quarter of fiscal year 2023-24, City Union Bank reported a Gross NPA of 4.23%, indicating a higher proportion of distressed assets compared to its current improved state.
Q4 FY25
Net profit dips slightly
City Union Bank's dipped slightly in Q4 FY25 due to increased provisioning, demonstrating the challenges faced in maintaining consistent profitability amidst clean-up efforts.
Q1 FY26
Net profit at ₹211 crore
For the first quarter of fiscal year 2025-26, the bank's stood at ₹211 crore, showing a significant 35.2% year-on-year increase in the current quarter's performance.
June 2026
RBI's Mission SAKSHAM
The RBI launched 'Mission SAKSHAM' in June 2026, a capacity-building initiative for the Urban Co-operative Banking sector, which, while not directly impacting City Union Bank, reflects a broader regulatory focus on strengthening smaller financial institutions.
Today
City Union Bank reported a 35.2% jump in Q1 FY27 net profit to ₹285 crore, with strong asset quality improvement.
What happens next?
The bank will continue to focus on expanding its credit book while vigilantly managing asset quality, with the next quarter's results in October providing further insights into these trends.
City Union Bank announced a robust financial performance for the first quarter of fiscal year 2026-27, with its net profit surging by **35.2%** year-on-year to **₹285 crore**. This impressive growth was supported by a 31% increase in its core income, which is the income generated from its primary lending operations. The bank also demonstrated a significant improvement in asset quality, with Gross Non-Performing Assets (GNPA) declining to **2.58%** from 3.30% a year ago, and Net NPAs improving to 0.95% from 1.35%. Advances grew by 15% and deposits by 14%, reflecting healthy business expansion. The strong results were welcomed by investors, with the bank's stock price rising by 8% following the announcement.
💭 If you're wondering…
Core income for a bank primarily consists of Net Interest Income (NII) – the profit from lending money – and fee income from services like transaction processing, credit cards, and wealth management. It excludes one-off gains like from treasury operations.
Did this story help?
Official sources
Knowledge Chain — tap a concept