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Indian-Commodity  :  Corporate-World  :  City Union Bank's Q1 net surges 26%

City Union Bank's Q1 net surges 26% (03-Aug-2012)

City Union Bank has reported results for first quarter ended June 30, 2012.

The bank has posted a rise of 26.29% in its net profit at Rs 73.89 crore for the quarter ended June 30, 2012 as compared to Rs 58.51 crore for the same quarter in the previous year. Total income has increased by 35.94% at Rs 566.90 crore for quarter under review as compared to Rs 417.02 crore for the quarter ended June 30, 2011.

Gross non-performing assets (NPAs) improved to 1.07% in the April-June quarter as against 1.22% in the same quarter previous year while net NPAs decreased marginally to 0.50%.

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