Q1 2025 City Union Bank Ltd Earnings Call Transcript
Key Points
- City Union Bank Ltd (BOM:532210) reported a 16% year-on-year growth in PAT, reaching INR 264 crores in Q1 FY 2025.
- The bank's gross NPA percentage has sequentially decreased from 4.91% in Q1 FY 2024 to 3.88% in Q1 FY 2025.
- Interest income grew by 10% year-on-year, increasing from INR 1,266 crores in Q1 FY 2024 to INR 1,389 crores in Q1 FY 2025.
- The bank registered a 10% year-on-year growth in advances, with advances increasing from INR 42,405 crores in Q1 FY 2024 to INR 46,538 crores in Q1 FY 2025.
- City Union Bank Ltd (BOM:532210) has successfully implemented digital lending initiatives, which are expected to drive future growth.
- The cost-to-income ratio remains high, expected to be in the range of 48% to 51% for the next four to six quarters.
- Operating expenses have increased, partly due to upfront costs related to digital initiatives and technology investments.
- The bank's credit growth in Q1 FY 2025 was marginal, despite a positive trend after 10 years.
- There is a potential for increased competitive intensity in the MSME lending space due to digital pushes by larger players.
- The bank's unsecured lending portfolio is still in its nascent stages, with a small beginning and limited immediate priority.
Yes, conference call. Yes, Al, yes, yes, during the call. Okay. No, yes. And you have the data.
I welcome everyone on. The first one is follow on City 0.9 for fiscal 20 to indicate from the management side, we have data and Amapari, MD and CEO, Mr. RVG. on an Executive Director, and Mr. Jason, our open theaters without further ado, I'll hand over the call to Dr. Tom authority, Brazil, make them and then we can follow it up with Q&A.
Thank you, and over to you.
Good evening, hearty welcome to all of you for this conference call to discuss the unaudited financial results of City Union Bank. For the first quarter of FY 2025, Board approved the results today and I hope you all have received the copy of the results and the presentation, as you are aware, are very wide. Its letter dated 28th, May 2024, given approval to appoint Mr. Harwood Yunnan Executive
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