City Union Bank reports 19% fall in Q2 net profit

City Union Bank Ltd. | Bank - Private | BFSI | BSE: 532210 | NSE: CUB

03 Nov 2020 Evaluate

City Union Bank has reported results for second quarter ended September 30, 2020.

The Bank has reported 18.53% fall in its net profit at Rs 157.67 crore for the quarter under review as compared to net profit of Rs 193.53 crore for the same quarter in the previous year. Total income of the Bank marginally decreased by 0.12% at Rs 1230.28 crore for Q2FY21 as compared Rs 1231.80 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 3.44%, as compared to 3.41% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 1.81% in Q2FY21.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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