It is a broadly described annual report of City Union Bank in the year of 2010. During the financial year 2009-10, The Bank crossed yet another milestone of Rs. 17,000 Crore in total business. The Bank achieved an operating profit of Rs. 255.79 Crore against Rs. 226.72 Crore recorded in the previous year. The net profit increased by 25.08% from Rs. 122.13 Crore to Rs. 152.76 Crore. The Net Interest Income rose from Rs. 242.57 Crore to Rs. 278.14 Crore registering a growth of 15%. The Bank’s paid-up capital was Rs. 39.96 Crore as on 31st March 2010 and the net worth improved from Rs. 660.92 Crore as on 31st March 2009 to Rs. 825.64 Crore as on 31st March 2010.
The Board of Directors of the bank has recommended a dividend of @75% on the enlarged equity shares for the financial year 2009-2010 in pursuance of the constant philosophy of rewarding shareholders.
More Annual Report of City Union Bank: