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City Union Bank reports 40% jump in Q4 net profit

18 May 2012 Evaluate

City Union Bank, on the standalone basis, reported a jump of 40.04% in its net profit to Rs 71.98 crore for the fourth quarter ended March 31, 2012, against net profit of Rs 51.40 crore for the corresponding period last fiscal. Total income has increased by 37.39% at Rs 537.32 crore during the quarter under review from Rs 391.09 crore in the year-ago period.

For the full year ended March 31, 2012, the bank has reported a surge of 30.32% in its net profit to Rs 280.25 crore for the year under review, against net profit of Rs 215.05 crore for the corresponding period last fiscal. Total income increased by 38.38% at Rs 1903.91 crore during the year under review from Rs 1375.81 crore in the year-ago period.

Peers
Company Name CMP
HDFC Bank 719.00
ICICI Bank 1352.30
Axis Bank 1247.75
Kotak Mahindra Bank 416.00
Indusind Bank 949.50
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