City Union Bank (CUB) has announced the opening of three new branches, expanding its network to a total of 886 branches. The bank informed the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) about this expansion through a regulatory filing on August 11, 2025.

New Branch Locations

The three new branches are strategically located in different regions:

1. Kanarpatti, Tirunelveli District, Tamil Nadu
2. Vengandur, Villupuram District, Tamil Nadu
3. Panaji, North Goa District, Goa

Branch Details

Kanarpatti Branch

• Address: No.1/314, PBK Complex, Pillaiyarkulam Junction, Kanarpatti, Manur - 627 201, Tirunelveli District, Tamil Nadu
• CBS Code: 00889

Vengandur Branch

• Address: No.26, Main Road, Vengandur Village, Tindivanam Taluk - 604 306, Villupuram District, Tamil Nadu
• CBS Code: 00890

Panaji Branch

• Address: Shop No.3, Citi Centre Building, Near Sesa Ghor, Patto Plaza, Panjim - 403 001, North Goa District, Goa
• CBS Code: 00891

This expansion demonstrates City Union Bank's commitment to enhancing its presence and accessibility across different regions. The new branches in Tamil Nadu further strengthen the bank's foothold in its home state, while the Panaji branch marks its entry into the Goa market.

The regulatory filing, signed by Venkataramanan S, Company Secretary & Compliance Officer of City Union Bank, confirms the bank's adherence to Regulation 30 of SEBI Listing Regulations in disclosing this information to the stock exchanges.

As City Union Bank continues to grow its branch network, it aims to provide banking services to a wider customer base and potentially tap into new markets. This expansion strategy could contribute to the bank's efforts in increasing its market share and improving its service delivery across different geographical areas.

City Union Bank (CUB) has reported its highest-ever quarterly profit after tax (PAT) of ₹306.00 crores, marking a significant milestone in the bank's history. This achievement represents the first time the bank has crossed the ₹300.00 crore mark in quarterly profits.

Strong Operational Performance

The bank demonstrated robust operational performance with a 16% year-on-year credit growth, the highest June-to-June growth in recent years. Advances increased from ₹46,548.00 crores to ₹54,020.00 crores, while deposits grew by 20% to reach ₹65,734.00 crores compared to ₹54,857.00 crores in the previous year.

Improved Asset Quality

CUB's asset quality showed significant improvement:

• Gross Non-Performing Assets (GNPA) reduced to 2.99% from 3.88% year-on-year
• Net Non-Performing Assets (NNPA) decreased to 1.20% from 1.87%
• Provision Coverage Ratio (PCR) without technical write-off improved to 61% from 53% last year

Key Financial Metrics

• Net Interest Margin (NIM) maintained at 3.54%
• Operating profit increased by 21% to ₹451.00 crores
• Return on Assets (ROA) stood at 1.55%

Sector-wise Performance

The bank's MSME sector, which forms a significant part of its portfolio, showed resilience with no unusual stress patterns observed. The management expressed confidence in maintaining mid-teen growth rates and stable asset quality metrics.

Outlook

City Union Bank's management remains optimistic about maintaining the growth momentum and profitability in the coming quarters. They expect to sustain a NIM of around 3.50% for the full year, despite recent repo rate cuts.

R. Vijay Anandh, Executive Director of City Union Bank, stated, "We are very happy to share that for the first time in our history, we have crossed ₹300 crores PAT. Our deposit growth is back on track and aligning with the credit growth."

The bank plans to continue its branch expansion strategy, aiming to add 75-80 branches in the current fiscal year.

Challenges and Opportunities

While the bank remains cautious about potential headwinds, including the recent US tariff announcements affecting the textile industry, the management believes the impact will be limited. They are closely monitoring the situation and diversifying their export-oriented customer base.

In conclusion, City Union Bank's record-breaking performance demonstrates its strong fundamentals and ability to capitalize on growth opportunities in the evolving banking landscape.