Business News

City Union Bank 3rd quarter net up 22.2 per cent to Rs 154.79 crore

City Union Bank 3rd quarter net up 22.2 per cent to Rs 154.79 crore

Chennai: Private sector City Union Bank has recorded a 22.2 per cent rise in its third quarter net profits ending December 31, 2017 at Rs 154.79 crore.

The Tamil Nadu-based bank had recorded net profits at Rs 126.62 crore during corresponding period of previous year.

For the nine-month period ending December 31, 2017 net profits of the bank went up by 17.6 per cent, to Rs 439.87 crore from Rs 373.89 crore registered during year ago period.

Total income of the bank for the October-December 31, 2017 period rose to Rs 987.04 crore from Rs 953.80 crore registered during corresponding period of last year.

For the April-December 31, 2017 period total income of the bank surged to Rs 2,944.03 crore from Rs 2,731.98 crore registered during year ago period.

The bank shares were trading at Rs 153.10 a piece down by 1.80 per cent over previous close in BSE.

PTI