Chennai: Citi Union Bank’s Managing Director and Chief Executive Officer N. Kamkodi yesterday released its annual financial results for the last financial year (2021-22).
The bank’s total business grew by 9% to Rs 88,846 crore in the last fiscal. Deposits grew by 7% to Rs 47,690 crore and loans by 11% to Rs 41,156 crore over the previous year. The bank’s gross profit rose 9 per cent to Rs 1,595 crore. At the same time, the bank’s net profit rose 28 per cent to Rs 760 crore.
The bank’s net interest income rose 5% to Rs 1,916 crore last year. The bank’s net worth rose to Rs 6,550 crore from Rs 5,799 crore in the year-ago period. Total inflows stood at 4.70% and net inflows at 2.95%. The capital ratio is 20.85%.
Also in the financial year 2021-22 UPI 123 will be able to transfer money through normal and Android mobile without internet facility, facility to submit export and import applications through internet banking service without access to bank branch, facility to issue credit card directly through bank, new current accounts for customers through mobile banking service. The facility to start a video call in a few minutes, the video can be opened in a few minutes from home by showing the video of the processor video on the processor. Thus he said.