Chennai, May 28: 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). It said the bank’s total business grew by 9% to ₹ 88,846 crore in the last financial year. Deposits grew by 7% to 47,690 crore and loans by 11% to ₹ 41,156 crore over the previous year. The bank’s total profit rose 9 per cent to ₹ 1,595 crore. At the same time, the bank’s net profit rose 28 per cent to ₹ 760 crore.
The bank’s net interest income rose 5% to ₹ 1,916 crore over the previous year. The bank’s net worth rose to ₹ 6,550 crore from 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.