City Union Bank Ltd

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Over the past four years, City Union Bank share prices have largely consolidated within a defined range.

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City Union Bank stock opened with a gap up and sustained its bullish strength which suggests strong bullish sentiment.

City Union Bank zooms 13% on healthy Q2 performance; brokerages upbeat

The lender's Net Interest Income (NII), which is the difference between interest earned and interest expended, soared 8.2 per cent annually to Rs 582.5 crore in Q2FY25, from Rs 538.4 crore in Q2FY24

Expect significant growth from insurance income in FY25: City Union Bank MD

Private sector City Union Bank expects significant growth in the income contributed from the insurance vertical during the current financial year, a top official has said. The Tamil Nadu-based bank was on track to reach pre-Covid level in slippages and recovery, the bank's Chairman and Managing Director and CEO N Kamakodi said. "As we have onboarded six insurance companies covering life, general, and non-life during FY'23, our insurance income contribution has also doubled to Rs 55 crore in FY'24 as compared to Rs 27 crore in FY'23," he said. "We expect significant growth in insurance income in the current financial year," he told analysts in an earnings call. On the outlook, Kamakodi said the bank opened its 800th branch in Ayodhya last financial year and this year has planned to open about 50-75 branches. The digital lending process targeted to serve the micro, small, and medium enterprises segment was also reaching the 'last leg' and should be launched before mid-June, he said.

City Union Bank Q4 results: Profit up 17% at Rs 254 cr on improved recovery

Private sector City Union Bank has reported a 17 per cent jump in its net profits at Rs 254.81 crore for the January-March 31, 2024 quarter, based on improved recovery from slippages. The Tamil Nadu-based bank had registered a net profit of Rs 218.04 crore during the corresponding quarter of last year. For the financial year ending March 31, 2024, the net profits of the bank breached the Rs 1,000 crore mark, with Rs 1,015.73 crore, up by 8 per cent from Rs 937.47 crore registered a year ago. "Improved recovery resulting in lowering provisioning helped to achieve growth in PAT," the bank said in a statement on Tuesday. The total income during the quarter under review went up to Rs 1,549.34 crore from Rs 1,423.09 crore registered in the same quarter of last year. For the financial year ending March 31, 2024, the total income surged to Rs 6,012.22 crore, as against Rs 5,524.69 crore registered a year ago. In a press release, the bank said it crossed Rs one lakh total business milest

City Union Bank net profit flat at Rs 281 crore in September quarter

City Union Bank on Friday posted almost flat net profit of Rs 281 crore for the quarter ended September 2023. The Tamil Nadu-based lender had posted a net profit of Rs 276 crore for the same quarter a year ago. Total income during July-September period increased to Rs 1,486 crore as against Rs 1,355 crore in the same quarter a year ago, City Union Bank said in a regulatory filing. Interest income grew to Rs 1,304 crore from Rs 1,181 crore in the corresponding quarter a year ago. Asset quality of the lender deteriorated as gross non-performing assets (NPAs) rose to 4.66 per cent of gross advances as of September 2023 from 4.36 per cent by the end of September 2022. However, net NPAs (bad loans) declined marginally to 2.34 per cent as against 2.69 per cent. Provisions for bad loans and contingencies fell to Rs 56 crore during the quarter as against Rs 105 crore reserved for the year-ago period.

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Coal India, City Union Bank, Cummins, IDFC First Bank and Piramal Enterprises are the five F&O stocks tha can deliver up to 21 per cent returns in the September series.

Gap between slippage and recovery has narrowed: City Union Bank CEO

The bank's share closed at Rs 179.05 a piece on BSE, down 4.7% from its previous close while the broader Sensex was down 1.46%

City Union Bank, Shriram Gen Insurance tie up for distribution of products

Shriram will offer personal insurance products such as motor, personal accident, home and travel along with commercial ones such as property, marine and engineering to bank's customers

City Union Bank's net profit rises 15% to Rs 182 crore in Sept quarter

The bank on Friday reported a rise in its net profit

Reserve Bank imposes penalty on City Union Bank, 3 other lenders

The RBI has imposed monetary penalty on City Union Bank, Tamilnad Mercantile Bank and two other lenders for contravention of certain directions issued by the central bank. A penalty of Rs 1 crore has been imposed on City Union Bank Limited for contravention of/non-compliance with certain provisions contained in the RBI (Lending to Micro, Small & Medium Enterprises (MSME) Sector) Directions, 2017 and the circulars on Educational Loan Scheme and Credit Flow to Agriculture Agricultural Loans Waiver of Margin/Security Requirements. In another statement, the RBI said it has imposed penalty of Rs 1 crore on Tamilnad Mercantile Bank for non-compliance with certain provisions of directions issued by it on Cyber Security Framework in Banks. The Reserve Bank of India also imposed a penalty of Rs 90 lakh on Nutan Nagarik Sahakari Bank, Ahmedabad for non-compliance with directions Interest Rate on Deposits, Know Your Customer (KYC) and Circular on Frauds Monitoring and Reporting ...

Autos, RIL set-off losses in banks; Sensex dips 20 pts, Nifty holds 15,100

The broader markets, however, bucked the trend and ended higher today. The S&P BSE MidCap and SmallCap indices added 0.7 per cent and 0.4 per cent, respectively at close

City Union Bank Q3 PBT dips marginally to Rs 227.43 crore, income up 11%

Gross and net non-performing assets rise

City Union Bank Q1 profit up 15% at Rs 186 crore on prudent risk management

The bank continues to stay away from large corporate consortium lendings and infrastructure sector advances

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