2017-08-16 :City Union Bank launches facility of instant credit card
City Union Bank has recently introduced the option of instant credit card for free for its net banking customers. The card will be available only to those having a fixed deposit account with the bank and will be used against performing instant transactions as well as shopping online.
2017-08-10 :City Union Bank reports growth in net profit at Rs. 140 crore
City Union Bank has reported a significant growth in its net profit at Rs. 140 crore during the first quarter of FY18 as against Rs. 124 crore during the corresponding quarter of the previous fiscal year. The improvement in profit is due to 26 per cent growth in its operating profit.
2016-11-21 :City Union Bank net profit increases by 15 percent
City Union Bank reported an increase of 15 percent in its net profit at Rs. 123 crores in July to September quarter as compared to Rs. 107 crores during same period last year. Net interest income during the period rose to Rs. 301 crores from Rs. 240 crores in same period of last year.
2016-09-01 :City Union Bank has reduced its MCLR from 1st September, 2016
City Union Bank has reduced its Marginal Cost Based Lending Rate (MCLR) across maturities, effective from 1st September, 2016. The 3month, 6 month and 1 year MCLR has been reduced by 25 basis points to 9.6, 9.65 and 9.75 percent respectively. Similarly, the overnight and 1 month MCLR has been reduced 20 basis points to 9.5 and 9.55 percent respectively. For borrowers who have taken a home loan from City Union Bank after 1st April 2016, the reduction in MCLR will translate into a reduction in their home loan rates and hence their interest outgo. However, if you have taken home loan at fixed interest rate then your interest expense will remain unchanged.
2016-08-14 :City Union Bank posts 10.73 per cent growth in profits
City Union Bank has reported an increase of 10.73 per cent in the net profit to Rs. 124 crore in the June quarter of FY17 from Rs. 112 crore in the same period of previous fiscal. Total income of the bank increased to Rs. 883.3 crore in first quarter of FY17 from Rs. 810.93 crore in the same period a year earlier. Gross NPAs and Net NPAs of the bank as a percentage stood at 2.62 per cent and 1.59 per cent in the June quarter from 2.01 per cent and 1.32 per cent in the corresponding period of FY16.
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