City Union Bank Q3 net up 4.54 per cent at Rs 89 crore

City Union Bank on Thursday reported a 4.54 per cent jump in net profit at Rs 89.09 crore for the third quarter that ended in December 2013.

The Tamil Nadu-based private sector lender had reported a net profit of Rs 85.22 crore during the corresponding period a year ago.

For the nine months ended December 31,2013, net profit of the bank rose 10.09 per cent to Rs 263.73 crore, against Rs 239.54 crore registered during the corresponding period of the previous financial. year, chairman and managing director N Kamakoti said.

Total income during the quarter under review grew to Rs 710.91 crore from Rs 621.46 crore last year.

For the nine months to December 2013, total income of the bank soared by 19 per cent to Rs 2,120.86 crore from Rs 1,784.40 crore registered during the same period of the previous year.