City Union Bank has inaugurated new branch at Bhopal, Madhya Pradesh on August 23, 2013. Recently, the bank opened new branch at Batlagundu, Dindigul on August 12, 2013.
City Union Bank’s first quarter net profit surged 22 percent year-on-year to Rs 90.3 crore on lower provisions. While, net interest income jumped 35.8 percent to Rs 187.4 crore in April-June quarter from Rs 138 crore in a year ago period. The company’s gross non-performing asset (NPA) increased 12 bps quarter-on-quarter to 1.25 percent, but net NPA was unchanged at 0.63 percent.
City Union Bank’s first quarter net profit surged 22 percent year-on-year to Rs 90.3 crore on lower provisions. While, net interest income jumped 35.8 percent to Rs 187.4 crore in April-June quarter from Rs 138 crore in a year ago period. The company’s gross non-performing asset (NPA) increased 12 bps quarter-on-quarter to 1.25 percent, but net NPA was unchanged at 0.63 percent.
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