City Union Bank, the private sector lender, fourth quarter profits rose marginally by 1.05% from a year ago. The bank reported a profit of Rs 833.5 million for the quarter ended Mar. 31, 2014, compared with Rs 824.8 million, a year ago.

Quarterly income totaled at Rs 7.26 billion, an increase of 7.12% over Rs 6.78 billion in the same period a year ago.

The bank has made provision of Rs 296.2 million, which was lower by 32.21% from prior year period.

Net NPA was at 1,973 million for the quarter ended Mar. 31, 2014, as compared to Rs 964 million in the same period last year, representing a increase of 2.05 times.

In percentage term, net NPAs were at 1.23% at the end of the quarter higher than 0.63% from last year period.

Capital adequacy ratio (CAR) of the bank under Basel III was at 15.01% as on Mar. 31, 2014.

Shares of the bank declined Rs 0.5, or 0.68%, to trade at Rs 72.70. The total volume of shares traded was 294,004 at the BSE (1.10 p.m., Monday).