 "City Union Bank")
City Union Bank's (CUB) net profit increased 15 per cent to Rs 186 crore during the quarter ended June 30, 2019 (Q1FY20) from Rs 162 crore in the year ago period.
N Kamakodi, managing director & CEO, CUB said that overall, the peformance of the bank has been satisfactory in the first quarter, mainly due to the lender's prudent risk management practices.
The bank continues to stay away from large corporate consortium lendings and infrastucture sector advances.
Net interest income rose by 11 per cent to Rs 417 crore in the June quarter from Rs 375 crore in the year
