City Union Bank

This small bank has done relatively well for Q4 given the circumstances. Not only did it post better operational numbers but also showed an improvement in its asset quality. For Q4Fy13, it posted a 15% jump in net profit at Rs.82 crore. The bank ended the year with a 15% rise in net profit at Rs.322 crore. NIM improved from 3.4% (YoY) to 3.35%. It hopes to sustain margins at around the same levels for the current fiscal.  Total deposits for FY13 rose 24% at Rs.20.305 crore while advances rose 26% at Rs.15,343 crore.

In terms of asset quality, at end of FY13, Gross NPA was down from 1.23% to 1.13% (QoQ) and Net NPA was status quo at 0.63%. But YoY, both Gross as well as Net NPA have shown a marginal increase.  Its current restructured portfolio was 1.8%  of the total loan book of Q4 and this came in at around Rs.270 crore. Slippage was to the tune of Rs.68 crore which included a bad account of Rs.35 crore.  CAR was at 13.98% under Basel II norms.  During FY13, it opened as record 75 branches taking the total tally of branches to 375. It has set itself the target of hitting Rs.30,000 crore in advances by Fy16.