After the extended downtrend and volatility, CUBK has rallied 12% in the past one week. We believe the recent up-move in the stock is fueled by receding asset qualitywoes, bottoming of credit growth (with regulatory interventions largely behind), and recent elevation of Executive President R Vijay Anandh (from RBL) to Whole-timeDirector, thus paving the path for his succession (from current MD & CEO Kamakodi, who will step down in 2026).