Private sector lender City Union Bank today reported a 14.7 per cent rise in net profit to Rs 123.74 crore for the second quarter ended September 30.
The bank had registered a net profit of Rs 107.85 crore during July-September quarter of previous fiscal.
Total income of the bank rose to Rs 894.87 crore during the second quarter as against Rs 829.45 crore in the same period previous fiscal, it said in a regulatory filing.
Bank's asset quality had only a marginal impact as gross non-performing assets (NPAs) as a percentage of gross loans as on September 30, 2016 increased to 2.69 per cent compared to 2.10 per cent a year ago.
Likewise, net NPAs too rose slightly to 1.63 per cent from 1.36 per cent a year ago.
Thus, provisioning for bad loans and contingencies were raised by the bank to Rs 67 crore for the second quarter of 2016-17 compared to Rs 49.85 crore in the same quarter last fiscal.
Shares of the bank were trading 1.73 per cent higher at Rs 150.30 on BSE.
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