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City Union Bank fixes record date for interim dividend
May 21, 2013 at 08:52 | Source: Moneycontrol.com
City Union Bank has fixed May 31, 2013 as the Record Date for the purpose of payment of Interim Dividend. The interim dividend shall be paid on or before June 10, 2013.
City Union Bank board declares 100% interim dividend
May 20, 2013 at 17:10 | Source: Moneycontrol.com
City Union Bank at its meeting held on May 20, 2013, has declared an interim dividend of 100% (i.e. Re 1 per equity share of face value of Re 1 each on 40,99,51,886 fully paidup equity shares and 0.50 paise on 12,89,87,972 partly paid up shares of Re. 1/- each of which 0.50 paise paidup) and no final dividend is recommended.
City Union Bank Q4 net up 15% on higher other income
May 20, 2013 at 16:40 | Source: Moneycontrol.com
City Union Bank reported 15 percent year-on-year rise in its fourth quarter (January - March) net profit to Rs 83 crore, aided by other income, which increased 32 percent to Rs 81 crore. Total provisions increased to Rs 44 crore compared with Rs 30 crore a year ago, an accretion of 48 percent y-o-y.
City Union Bank PAT up 15%, sees healthy core income growth
May 20, 2013 at 16:16 | Source: CNBC-TV18
City Union Bank core has seen good growth in core income this quarter. The gross NPA has come down from 1.23 percent to 1.13 percent, while the gross number has come down from Rs 178.74 crore to Rs 173.10 crore.
Pokarna partially redeems zero coupon foreign currency convertible bonds
May 16, 2013 at 15:20 | Source: Moneycontrol.com
Pokarna had issued Zero Coupon Foreign Currency Convertible Bonds aggregating to USD 12 ms in March 2007 which was due for redemption on March 29, 2012. The company has on May 15, 2013 paid for redemption of 3762 units constituting a total face value of USD 3.762 millions by utilizing External Commercial Borrowing availed from Union Bank of India.
Short public sector banks, says Sukhani
May 14, 2013 at 11:49 | Source: CNBC-TV18
One can short public sector banks, says Sudarshan Sukhani of s2analytics.com. Union Bank of India had a very nice and smart rally and then together with the banking stocks, it was falling while the Nifty was making these new highs for the year, he adds.

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City Union Bank PAT up 15%, sees healthy core income growth
Short public sector banks, says Sukhani
Market trend choppy; sell Nifty on rallies: Sukhani
See non performing loans stabilising for PSU banks: Bhoumik
Restructuring pipeline to be Rs 2,200cr by June: Union Bank
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BSE Sensex, Nifty end lower; pharma stocks take hit
Indian shares took a breather on Monday and closed marginally in red on profit booking after hitting fresh 2.5 year highs. Pharma companies dragged key equity benchmarks lower while major auto stocks...
May 21, 2013 at 06:22 | Source: DomainB
City Union Bank Q4 net up 14.58% at Rs 82.48 cr
Chennai, May 20: Private sector City Union Bank (CUB) today reported a 14.58 per cent jump in net profit at Rs 82.48 crore for the fourth quarter ending March 31, 2013, from the year-ago period. At i...
May 20, 2013 at 18:37 | Source: The Hindu BusinessLine
City Round-up
Vengsarkar asks for a benefit game for drought-hit state FORMER India captain Dilip Vengsarkar has requested BCCI president N Srinivasan for an �additional final� of IPL-6 season at Wankhede Stad...
May 20, 2013 at 17:17 | Source: Financial Express
Bankers call for more awareness campaigns on ponzi schemes
Kolkata, May 18: Financial literacy and investor awareness campaigns need to be initiated to caution depositors from investing in schemes floated by shady companies, according to senior bank official...
May 19, 2013 at 00:16 | Source: The Hindu BusinessLine
Story of a whistle blower (or how Jagjit Singh became an MNREGA labourer)
Had Deepak Thakur (of Ranabxy fame) been in India, he would not have been a hero but an unsung zero, a la Swapan Kumar Tiwari.Tiwari, according to a report in Times of India, blew the lid off a scam i...
May 17, 2013 at 10:14 | Source: FirstPost
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