ICRA withdraws rating from Rs 150cr CUB's CDP

New Delhi, Sep 29 (UNI) Credit rating agency today withdrew the A1 rating assigned to the Rs 150 crore Certificate of Deposit Programme (CDP) of City Union Bank (CUB).

ICRA has withdrawn this rating on the request of the bank.

CUB's interest income, for the FY 2005, has grown by 5.24 per cent to Rs 2.9 billion over the last year and the net profit has fallen by 18.7 per cent to Rs 0.46 billion.

UNI SBA PV KN1554