City Union Bank has inaugurated three new branches on June 03, 2013. The bank has inaugurated two branches at Sithalapakkam and Illalur in Kancheepuram while one branch was inaugurated at Nungambakkam in Chennai.
The bank reported 3.74% rise in its net profit at Rs 80.42 crore for the quarter ended September 30, 2012 as compared to Rs 77.52 crore for the same quarter in the previous year. Total income of the bank has increased by 29.50% at Rs 596.03 crore for quarter under review as compared to Rs 460.24 crore for the quarter ended September 30, 2011.