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How a small Tamil Nadu bank beat India's largest banks in the stock market

City Union Bank Ltd., a small lender based in Kumbakonam, has risen more than 27% over the last twelve months, the best performance of any Indian lender in the Bankex index after Axis Bank Ltd

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Photo: Reuters

Last Updated : Feb 12 2019 | 7:02 AM IST

A policy of cautious lending to the silk weavers and shopkeepers of Tamil Nadu has allowed a small local bank to outpace the largest Indian banks in terms of share price performance.

City Union Bank Ltd., a small lender based in Kumbakonam, has risen more than 27 percent over the last twelve months, the best performance of any Indian lender in the Bankex index after Axis Bank Ltd. It has beaten out larger rivals such as HDFC Bank Ltd. and State Bank of India thanks to its successful record in lending to small and medium sized enterprises, or SME sector, while

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