City Union Bank Q3 FY22 profit after tax up by 15.4% to Rs 196cr

City Union Bank Limited has reported a profit after tax (PAT) of INR 196.12 crores for the third quarter of the fiscal year 2022 (Q3 FY22), a 15.4% increase compared to INR 169.94 crores in the same period of the previous fiscal year.

The total income in the reported period for the Indian private sector bank, which is based in Kumbakonam, Tamil Nadu, was INR 1195.25 crores, a 5.7% increase compared to INR 1,267.8 crores in Q3 FY21.

For the nine months ended 31 December 2022, the profit after tax of City Union Bank was INR 551.21 crores, compared to INR 481.64 crores for 9M FY 2021.

The bank’s total income for 9M FY 2022 was INR 3610.99 crores, compared to INR 3688.02 crores for 9M FY 2021.

City Union Bank said that it has a network of 702 branches and 1,733 ATMs as of today.