Chennai: Privately-owned City Union Bank hopes to log a growth of 20-30 percent this fiscal despite the economic outlook not being encouraging while the net interest margin is expected to go down slightly, said a top company official.

Better-than-expected results from State Bank of India and US futures moving from deep red to green provided the much-needed boost to the market in post-noon trade, ensuring a positive close for the second day.

CHENNAI: Tamil Nadu headquartered private sector City Union Bank limited today announced a net profit of Rs 71.98 crore for Q4 of FY 2012, a 40 per cent increase compared to the year ago period.

The Board of Directors of City Union Bank Ltd at its meeting held on May 18, 2012, has recommended a dividend @ 100% ((ie Re. 1/- per share on the face value of Re.1/- each) for the 2011-12 subject to the approval of members in the ensuing Annual ...