Private sector lender - City Union Bank - has opened three new branches at Gudiyatham, Kallakurichi on March 23, 2011 and Bhavani in Tamilnadu on March 24, 2011 respectively.
Recently, the bank has opened two new branches at Rohini in New Delhi and Jalandhar in Punjab on March 6, 2011 and March 7, 2011, respectively.
The bank reported an increase of 42% in its net profit for the quarter ended December 31, 2010 which stood at Rs 57.70 crore against Rs 40.65 crore for the quarter ended December 31, 2009. It reported total income stood at Rs 349.28 crore for the quarter ended December 31, 2010 against Rs 278.58 crore for the quarter ended December 31, 2009.
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