City Union Bank Ltd. News and Updates

Name: Latest research reports of City Union Bank Ltd. authored by Axis Direct and published by - Trendlyne research reports.
Item: City Union Bank Ltd.
Rating: 5
Author: Axis Direct

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City Union Bank Ltd.

31 May 2021

207.27

0.51%

Result Update:City Union Bank

Buy: City Union Bank Ltd.

Target

Axis Direct

We maintain a positive outlook on the stock with a BUY rating and arrive at a target price of Rs 210/share (2.4x FY23 ABV), implying an upside of 21% .

City Union Bank Ltd.'s price crossed below 50Day SMA today

City Union Bank Ltd.

30 May 2021

207.27

0.51%

City Union Bank Ltd. | Q4FY21 Result Update

Buy: City Union Bank Ltd.

Target

Edelweiss

A muted quarter

City Union Bank Ltd. has an average target of 217.00 from 10 brokers.

City Union Bank Ltd.

29 May 2021

207.27

0.51%

CITY UNION BANK - Strong capital buffer; ECLGS to support credit growth

Buy: City Union Bank Ltd.

Target

LKP Securities

City Union Bank (CUB) reported 4QFY21 earnings in line with our expectations and the key pointers are a) relatively healthy business growth with net advance and deposit growth of 0.7% QoQ and 2.9% QoQ respectively, b) sequentially higher C/I ratio of 50.1% v/s 38.9% in 4QFY21...

Geojit BNP Paribas increased Accumulate price target of City Union Bank Ltd. to 231.0 on 09 Sep, 2025.

City Union Bank Ltd.

28 May 2021

207.27

0.51%

City Union Bank reports net profit of Rs 111 cr in March quarter

Business Standard

Private sector City Union Bank on Friday reported a net profit of Rs 111.18 crore in the last quarter ended March 2021. There was a net loss of Rs 95.30 crore in the same quarter of 2019-20. Total income during Q4 FY21 was down at Rs 1,121.43 crore as against Rs 1,220.98 crore in the same quarter a year ago, City Union Bank said in a regulatory filing. On a full-year basis, there was a rise of 24.45 per cent in its net profit during 2020-21 at Rs 592.82 crore as against Rs 476.32 crore in FY'20. Income during the year 2020-21, however, fell a tad at Rs 4,839.45 crore from Rs 4,848.55 crore in the preceding fiscal. Provisions for bad loans and contingencies for the reported quarter were down at Rs 173.52 crore from Rs 430.38 crore put aside for the year-ago period. For the full year, provisions were up at Rs 891.02 crore as against Rs 865.08 crore. Gross non-performing assets of the bank stood at 5.11 per cent of gross advances by the end of March 2021, equivalent to Rs 1,893...

City Union Bank Ltd. is trading above its 200 day SMA of 185.5

City Union Bank posts 111-cr net

Business Line | 28 May 2021 1 more

City Union Bank Ltd.

15 Apr 2021

207.27

0.51%

City Union Bank Q4 Net Profit to Rs 167 cr: Sharekhan

Moneycontrol

Net Interest Income (NII) is expected to increase by 18.9 percent Y-o-Y (up 2 percent Q-o-Q) to Rs 499 crore, according to Sharekhan.

Number of FII/FPI investors increased from 294 to 321 in Jun 2025 qtr.

City Union Bank Ltd.

18 Mar 2021

207.27

0.51%

CITY UNION BANK - Strong capital buffer; ECLGS to support credit growth

Buy: City Union Bank Ltd.

LKP Securities

City Union Bank has registered a healthy quarterly result on all fronts with strong beat on profitability at 1.7bn driven by healthy NIMs, higher non-interest income and lower provisions. In 3QFY21, the bank has made Covid provision of 1.25bn translating in the total contingent buffer of 4.7bn (~1.3% of loan book), which we believe is reasonable. In 3QFY21, the pro-forma NNPA stood 3.4%, while restructuring book stood at 8.1bn (~2.2% of loan book). The management expects the restructuring book to be at ~5% in 4QFY21. Factoring the management guidance for slippages (~3.5% in FY21) and cost to income ratio (~43% in FY21), we estimate a ROA of ~1.1% in FY21. Furthermore, we estimate ROA improvement gradually to ~1.5% by FY23E. We recommend...

City Union Bank Ltd. is trading above its 200 day SMA of 185.5

City Union Bank Ltd.

22 Feb 2021, 03:41PM

207.27

0.51%

Hold City Union Bank; target of Rs 186: Arihant Capital

Moneycontrol

Arihant Capital recommended hold rating on City Union Bank with a target price of Rs 186 in its research report dated February 19, 2021.

City Union Bank Ltd.'s price crossed below 50Day SMA today

City Union Bank Ltd.

18 Feb 2021

207.27

0.51%

EARNINGS UPDATE- CUB 3QFY21

Buy: City Union Bank Ltd.

Target

Chola Wealth Direct

Background: City Union Bank (CUB) among the smaller-sized banks in the private sector space operates a network of 700 branches. With about 2/3rds of its branches located in Tamil Nadu, the bank's business is largely skewed towards the Southern India. Majority of its business comes from branches located in South India. CUB has a significant chunk of its branches in urban and semi-urban areas. With no identifiable promoters CUB is run by a team of professionals. A slew of...

City Union Bank Ltd. has gained 29.48% in the last 6 Months

City Union Bank Ltd.

12 Feb 2021

207.27

0.51%

Accumulate City Union Bank; target of Rs 200: Dolat Capital Market

Moneycontrol

Dolat Capital Market recommended accumulate rating on City Union Bank with a target price of Rs 200 in its research report dated February 03, 2021.

City Union Bank Ltd.'s price crossed below 50Day SMA today

City Union Bank Ltd.

08 Feb 2021

207.27

0.51%

CITY UNION BANK LTD

Buy: City Union Bank Ltd.

Recommendation Target

Geojit BNP Paribas

City Union Bank Ltd (CUB), the oldest private sector bank in India, is a mid-sized commercial bank headquartered in Tamil Nadu, having a network of 700 branches and 1,780 ATMs spread across the country and a loan book size of Rs.35,437cr Total Business grew by 8% YoY with advances growing at 8% supported by strong growth in ECLGS (Emergency Credit Line Guarantee Scheme) and Gold Loan....