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Tuesday, Aug 04, 2009
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 Money & Banking - Financial Performance
Corporate Results - Private Banks
City Union Bank Q1 net up 20%


Chennai, Aug. 3

City Union Bank’s net profits for the first quarter of the current fiscal rose 20 per cent to Rs 31.55 crore. The growth in profits came on the back of a 24 per cent growth in interest income at Rs 228 crore. While advances grew 22 per cent to Rs 5,508 crore, deposits grew more robustly at 27 per cent to Rs 8,377 crore. A bank press release said that the net interest margin was at 2.36 per cent. –

Our Bureau

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