Private sector lender City Union Bank has reported
a growth of 41% year-on-year in its net profit of Rs 72 crore for the fourth
quarter of FY12.
Net interest income of the bank too increased 15% to Rs 137
crore from Rs 119 crore year-on-year.
Overall the top-line & bottom-line numbers were good and
there was no deterioration in asset quality.
Other income jumped 35% to Rs 61 crore for the January-March
quarter of 2012 versus Rs 45 crore in a year ago period.
Capital adequacy ratio declined at 12.57% versus 12.75%
during the same period.
City Union Bank increased provisions by 15%
quarter-on-quarter to Rs 29.5 crore for the quarter ended March 2012.
Gross non-performing assets (NPAs) declined at 1.01% versus
1.17% and net NPAs fell at 0.44% versus 0.51% QoQ.
Gross NPAs of the bank stood at Rs 123 crore versus Rs 129
crore and net NPAs at Rs 54 crore versus Rs 56 crore sequentially.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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