City Union Bank Limited has delivered robust financial performance in its third quarter, reporting significant growth in both net profit and revenue alongside improved asset quality metrics. The bank's net profit surged to ₹3.30 billion compared to ₹2.80 billion in the same period last year, while revenue increased to ₹17.60 billion from ₹14.70 billion year-on-year.

Q3 Financial Performance

The bank's quarterly results demonstrate strong operational efficiency and business growth across key metrics. The substantial increase in both profit and revenue indicates the bank's effective strategy execution and market positioning.

Provisions and Contingencies

The bank reported higher provisions (other than tax) and contingencies during the quarter. The provisions increased to ₹960 million in Q3 compared to ₹570 million in the previous quarter, representing a quarter-on-quarter increase.

Asset Quality Improvement

Despite higher provisions, the bank has shown significant improvement in asset quality parameters during the quarter. Both gross non-performing assets and net non-performing assets have declined on a quarter-on-quarter basis, reflecting enhanced credit management and recovery efforts.

Earnings Call Audio Recording Available

Following the declaration of Q3 and 9M FY2026 financial results on February 02, 2026, City Union Bank Limited has made the audio recording of its earnings call available on its website. The bank has informed stock exchanges about hosting the earnings call recording pursuant to Regulation 46 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

The strong quarterly performance with improved asset quality positions City Union Bank favorably, though the increased provisions indicate the bank's prudent approach to risk management and regulatory compliance. The availability of the earnings call recording provides stakeholders with detailed insights into the bank's financial performance and strategic outlook.

City union bank has opened its 902nd branch in Jhansi, Uttar Pradesh, marking another milestone in the bank's expansion strategy. The bank informed the National Stock Exchange of India Limited and BSE Limited about this development under Regulation 30 of SEBI Listing Regulations 2015 on January 23, 2026.

Branch Details and Location

The new Jhansi branch is strategically located in the commercial area of the city to serve local customers effectively. The branch details are as follows:

Network Expansion Milestone

With the opening of the Jhansi branch, City Union Bank Limited now operates a total of 902 branches across India. This expansion demonstrates the bank's commitment to extending its retail banking services to tier-2 and tier-3 cities, enhancing financial inclusion and accessibility for customers in these regions.

Regulatory Compliance

The bank has fulfilled its regulatory obligations by promptly notifying both major stock exchanges about this business development. The communication was sent to NSE at Exchange Plaza, Bandra-Kurla Complex, and BSE at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, ensuring transparency and compliance with listing regulations.

The notification was signed by Venkataramanan S, Company Secretary and Compliance Officer of City Union Bank Limited, maintaining proper corporate governance standards in the disclosure process.