The bank has reported 18.9 percent jump in Q4FY15 net profit at Rs. 99.08 crore when compared with Rs. 83.35 crore.
City Union Bank has surged over 4 percent in early morning deals on the back of positive news flow.
The bank has reported 18.9 percent jump in Q4FY15 net profit at Rs. 99.08 crore when compared with Rs. 83.35 crore. Total income also rose by more than 10 percent to Rs. 793.64 crore from Rs. 720.65 crore.
Further, media reports indicate that the bank has received the first batch of repayment of Rs 100 crore from SpiceJet.
The stock is now up 3.5 percent at Rs. 103.25. The counter has seen trades of around 42,000 shares so far on the BSE.
Meanwhile, the Sensex has slipped 132 points to 27,825
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