1. City Union Bank net up 15% at Rs 108 crore

City Union Bank net up 15% at Rs 108 crore

Private sector lender City Union Bank (CUB) has reported a 15% rise in net profit to Rs 107.85 crore in the second quarter compared to Rs 93.75 crore in the year-ago period.

By: | Chennai | Published: October 30, 2015 12:17 AM

Private sector lender City Union Bank (CUB) has reported a 15% rise in net profit to Rs 107.85 crore in the second quarter compared to Rs 93.75 crore in the year-ago period.

Total income stood at Rs 829.45 crore during the quarter against Rs 773 crore during the same quarter
of last fiscal year, an increase of 7.3%.

Speaking to the media, N Kamakodi, MD & CEO, CUB, said the quarter was reasonably good for the bank compared to industry standards.

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