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Our Bureau

Coimbatore , Oct. 31

The Kumbakonam-headquartered City Union Bank (CUB) has reported an all-round growth resulting in higher top-line and bottom-line improvements this quarter.

Its net profit increased by 31 per cent to Rs 16.31 crore (Rs 12.44 crore), while the gross income grew to Rs 111.27 crore (Rs 90.79 crore). The operating profit rose by 22 per cent to Rs 35.69 crore (Rs 29.22 crore).

The bank, at its board meeting held at Kumbakonam on October 30, resolved to fix the maximum investment limit for the foreign investors at 26 per cent of the paid-up capital.

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