City Union Bank Q2 net up 15% at Rs 108 cr

Image
Press Trust of India New Delhi
Last Updated : Oct 29 2015 | 2:22 PM IST
Private sector lender City Union Bank today posted a 15 per cent increase in net profit at Rs 107.84 crore for the second quarter ended September 30.
The bank had recorded a net profit of Rs 93.74 crore in the corresponding quarter last fiscal, City Union Bank said in a filing on BSE.
The total income of the lender also increased to Rs 829.44 crore during the quarter from Rs 772.99 crore in the corresponding period of 2014-15 fiscal.
During the quarter, gross Non-performing Assets (NPAs) rose to 2.10 per cent from 2 per cent at the end of second quarter of 2014-15.
At the same time, net NPA of the bank also increased to 1.36 per cent from 1.30 per cent of the total assets.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 29 2015 | 2:22 PM IST

Next Story