City Union Bank on Thursday (12 March 2020) said it has set up a branch in Bhilai (Chattisgarh), Morbi (Gujarat), Ramanathapuram (Tamil Nadu) and one branch each in Managalagiri, Auto Nagar and Tadepalligudem (Andra Pradesh).
Shares of City Union Bank hit a lower circuit of 20% to Rs 152.
City Union Bank's net profit climbed 8% to Rs 192.43 crore on a 10.7% increase in total income to Rs 1,203.24 crore in Q3 December 2019 over Q3 December 2018.
City Union Bank's segments include treasury, corporate and wholesale banking, retail banking and other banking operations. It offers personal banking, corporate banking and non-resident Indian banking services.
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