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City Union Bank opens two new branches in Chennai

17 Oct 2013 Evaluate

City Union Bank has opened two new branches in Chennai on October 17, 2013. The bank has opened one branch at Melakottaiyur while the other branch is inaugurated at Velappanchavadi 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.

Peers
Company Name CMP
HDFC Bank 680.00
ICICI Bank 1388.50
Axis Bank 1206.20
Kotak Mahindra Bank 442.85
Indusind Bank 831.00
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