City Union Bank reports 88% rise in net profit, proposes Rs 1 dividend

Its asset quality improved with gross non-performing assets being at 4.7% at the end of March against 5.1% a year back. Net NPA was almost flat at 2.95% against 2.97%. The bank's operating profit grew 47.2% at Rs 440 crore against Rs 299 crore over the same period. The bank proposed Rs 1 dividend per equity share, i.e, 100% on face value of Rs 1 per equity share.

from Banking/Finance-Industry-Economic Times https://ift.tt/UYCrZzS