City Union Bank is reportedly planning to add 75 branches by the end of the current calendar year in order take its network to 500 branches. The Bank has now 425 branches across the country with the four new branches opening on March 30 at Dharmapuri, Salem, Erode and Coimbatore. The bank is also planning to expand its ATM footprint to 1,250 from 950.
City Union Bank has reported 4.53% rise in its net profit at Rs 89.08 crore for third quarter ended December 31, 2013 as compared to Rs 85.22 crore for the same quarter in the previous year. Total income of the bank has increased by 14.39% at Rs 710.90 crore for quarter under review as compared to Rs 621.47 crore for the quarter ended December 31, 2012.