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CUB net rises 15% on drop in provisions

Gross NPAs rose to 5.21% from 2.94% and net NPA more than doubled to 3.44% from 1.47%. City Union Bank Ltd.’s (CUB) standalone net profit for the third quarter ended December rose 15% to ₹196 crore from the year-earlier period on…

CUB June quarter net profit grows 12%

The bank’s capital adequacy as per Basel III norms stood at 19.58% and tier-1 capital adequacy was at 18.51%, well above the regulatory requirement.City Union Bank (CUB) has reported a 12% increase in its net profit at Rs 173 crore for the…