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  Business   Companies  24 May 2018  City Union Bank posts 18 pc rise in net profit at Rs 152.12 crore

City Union Bank posts 18 pc rise in net profit at Rs 152.12 crore

PTI
Published : May 24, 2018, 12:45 pm IST
Updated : May 24, 2018, 12:45 pm IST

Shares of the bank were trading Rs 181.90 apiece, down 1.17 per cent, on BSE.

Total income for the quarter under review went up by 6.99 per cent to Rs 990.48 crore, as against Rs 925.75 crore.
 Total income for the quarter under review went up by 6.99 per cent to Rs 990.48 crore, as against Rs 925.75 crore.

New Delhi: Private sector lender City Union Bank has reported an 18.04 per cent rise in net profit at Rs 152.12 crore for the quarter ended March 31, 2018.

The Tamil Nadu-based bank had posted net profit of Rs 128.87 crore in the corresponding period of the previous year.

 

Total income for the quarter under review went up by 6.99 per cent to Rs 990.48 crore, as against Rs 925.75 crore reported during corresponding period of last year.

Net interest income increased by 18 per cent to Rs 368 crore from Rs 311 crore in March quarter of 2016-17. Net interest margin was at 4.36 per cent in the last quarter of 2017-18.

Gross NPA stood at 3.03 per cent as on March 31, 2018, as against Rs 2.83 per cent reported a year ago. Net NPA was at 1.70 per cent in the last quarter of the last fiscal compared with 1.71 per cent in the same period in 2016-17.

Shares of the bank were trading Rs 181.90 apiece, down 1.17 per cent, on BSE. 

 

Tags: city union bank, profit, shares, revenue
Location: India, Delhi, New Delhi