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City Union Bank has reported 18% rise in year-on-year profit, for the quarter ended March 2018.
The company has reported a profit of Rs.152.1 crore for the March quarter, as against Rs.128.9 crore in the year-ago period. Net interest grew by 18.5% year-on-year to Rs.368 crore in Q4FY18. Net NPAs were lower at 1.70%, against 1.74% on sequential basis.
Further, the board has also approved bonus issue in the ratio of 1:10, as on the record date.
