City Union Bank net profit up 5%

Published: 09th November 2013 06:00 AM  |   Last Updated: 09th November 2013 03:14 AM   |  A+A-

Despite financial downturn, the Kumbakonam-based City Union Bank  registered a growth of 4.89 per cent in net profit at Rs 84.35 crore for the quarter ended September 30, 2013, as against Rs 80.42 crore registered during the same quarter last year.

Addressing a press conference here on Friday, the bank’s Managing Director and CEO N Kamakodi said that the bank’s gross non performance asset (NPA) has grown from Rs 166.07 crore during the same period last year to Rs 263.28 crore with the percentage of gross NPAs growing from 1.24 per cent to 1.66 per cent during this quarter.

The bank’s total deposits increased by 19 per cent to Rs 21,056 crore as on September 30, 2013 from Rs 17,689 crore as on September 30, 2012. Advances went up by 18 per cent to Rs 15,849 crore as on September 30, 2013 from Rs 13,437 crore as against the same period last year.

The bank is opening its 397th branch at Tirumudivakkam and soon will open its 400th branch in Teynampet, Kamakodi said.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp