City Union Bank profit increases 15%

City Union Bank reported a 15-per cent jump in net profit in the second quarter of the current year over the previous comparable quarter. The bank reported a net profit of ₹107.85 crore (₹93.75 crore) on a net interest income of ₹240 crore (₹206.22 crore) for the quarter. Other income was ₹94.52 crore (₹90.15 crore). Deposits grew 10 per cent to ₹25,616 crore (₹23,152 crore) and advances were up 12 per cent to ₹18,935 crore (₹16,908 crore).