Private sector City Union Bank has recorded a 15.1 per cent rise in its net profits for the quarter ending June 30, 2018 to Rs 161.65 crore.
The Tamil Nadu-based bank recorded net profits at Rs 140.33 crore during corresponding period of previous year.
For the year ending March 31, 2018 net profits of the bank stood at Rs 591.99 crore.
Total income for the quarter ending June 30, 2018 grew to Rs 1,018.61 crore from Rs 960.86 crore registered during year ago period.
For the full year ending March 31, 2018 total income of the bank was at Rs 3,934.52 crore.
The total business of the bank for the quarter ending June 30, 2018 grew to Rs 61,812 crore from Rs 54,526 crore registered during same period of previous year.
Gross NPA of the bank as on June 30, 2018 stood at 3.02 per cent (Rs 851 crore) while net NPA was 1.70 per cent (Rs 473 crore).
The bank had announced the issue of Bonus shares to all its shareholders during May 2018. The process of allotment of bonus shares in the ratio of 1:10 has been completed by July 2018, it said.
The bank shares were trading at Rs 178.50 apiece up by 0.39 per cent over previous close in BSE.
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