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City Union Bank Q4 net dips 7% at Rs 26 cr

New Delhi, June 13, 2009

Private sector City Union Bank reported a 7.34 per cent dip in net profit at Rs 26.12 crore for the fourth quarter ended March 31, 2009.

The bank had a net profit of Rs 28.19 crore in the March quarter of FY'08, City Union Bank said in a filing to the Bombay Stock Exchange.

The total income rose 28.3 per cent to Rs 255.59 crore during the March quarter, from Rs 198.40 crore in the corresponding period last fiscal.

The board has declared a dividend of 75 per cent at the rate of Rs 0.75 a share for FY09.

For the fiscal ended March 31, the Tamil Nadu-based bank posted a net profit of Rs 122.13 crore, a 20.05 per cent increase from Rs 101.73 crore in the year-ago period.

The total income for the fiscal ended March 2009 rose to Rs 928.08 crore, from Rs 686.25 crore in the previous year.

Shares of City Union Bank were trading at Rs 25.65, up 0.20 per cent on the BSE.

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