City Union Bank net up in Q2

Chennai, Oct 29 (IANS) Private sector City Union Bank on Thursday said it closed the quarter ended September 30, 2015 with higher profit and income.

In a regulatory filing with the Bombay Stock Exchange (BSE), the bank said it has posted a net profit of Rs.107.84 crore for the second quarter of the current fiscal, up from Rs.93.74 crore posted during the quarter ended September 30, 2014.

The bank’s total income during the period under review stood at Rs.829.44 crore, up from Rs.772.99 crore earned during the quarter ended September 30, 2014.

The bank’s gross non-performing asset (GNPA) and the net NPA went up marginally at the end of September 30, 2015, to Rs.398.29 crore and Rs.255.93 crore respectively.

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