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City Union Bank inaugurates new branch at Batlagundu, Dindigul

12 Aug 2013 Evaluate

City Union Bank has inaugurated new branch at Batlagundu, Dindigul on August 12, 2013. Recently, the bank opened two new branches in Chennai on August 05, 2013. The bank opened one branch at Red Hills while the other branch was inaugurated at Perumbakkam in state of Tamil Nadu.

City Union Bank’s first quarter net profit surged 22 percent year-on-year to Rs 90.3 crore on lower provisions. While, net interest income jumped 35.8 percent to Rs 187.4 crore in April-June quarter from Rs 138 crore in a year ago period. The company’s gross non-performing asset (NPA) increased 12 bps quarter-on-quarter to 1.25 percent, but net NPA was unchanged at 0.63 percent.

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Company Name CMP
HDFC Bank 703.80
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Kotak Mahindra Bank 440.80
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