It is a broadly described annual report of City Union Bank in the year of 2017. During the financial year, The Bank earned the total income of Rs. 3,658 Crore as against Rs. 3,354 Crore posting a growth of 9%. The Bank’s total deposits for the year under review increased by Rs. 2,958 Crore from Rs. 27,158 Crore to Rs. 30,116 Crore registering a growth of 11% over previous year. The operating profit increased by Rs. 161 Crore to Rs. 994 Crore from Rs. 833 Crore thereby recording a growth of 19%. The net profit increased from Rs. 445 Crore to Rs. 503 Crore achieving a growth rate of 13%. The paid-up share capital of the Bank increased from Rs. 59.82 Crore as on 31st March 2016 to Rs. 60.11 Crore as on 31st March 2017.
The Board of Directors of the bank has recommended a dividend of Rs. 0.30 per equity share of face value of Rs. 1/- each (previous year Rs. 1.20 per equity share) for the year ended 31st March 2017.
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