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RETAIL BANKING | Cesar Tordesillas, India
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City Union Bank net profit up 26%


City Union Bank today reported 25.8 per cent jump in net profit to Rs 77.52 crore for the second quarter ending September 30.

For the half-year this fiscal covering April to September, the net profit of the Kumbakonam-based bank rose to Rs 136.03 crore, from Rs 105.95 crore in the same period of 2010-11, said the company statement.

The total income for the second quarter ending September 30, rose to Rs 460.24 crore, as against Rs 336.08 crore.

For the half-year ending September 30, the total income grew to Rs 877.26 crore as against Rs 635.42 crore recorded during the same period of previous year.

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