City Union Bank Approves ₹500 Crore QIP Fundraising and ₹2 Per Share Dividend
City Union Bank's board approved raising ₹500 crore through QIP, subject to AGM approval on August 13. The bank declared a dividend of ₹2.00 per share. Q4 results show 9.80% YoY increase in Net Interest Income, with GNPA at 3.09% and NNPA at 1.25%. Financial performance includes 15.14% YoY revenue growth to ₹1,783.90 crore, 13.03% increase in net profit to ₹288.00 crore, and 13.08% rise in EPS to ₹3.89.
05Jun 25
City Union Bank Board to Convene for Capital Increase Deliberations
City Union Bank has scheduled a board meeting for June 11 to discuss potential capital enhancement strategies. The meeting's primary focus will be on increasing the bank's capital, which could involve options like issuing new shares, rights issues, preferential allotments, or exploring debt instruments. This move could significantly impact the bank's growth, operational capabilities, and its ability to meet regulatory requirements. The outcome of this meeting is expected to influence the bank's stock price and market perception.
05May 25
City Union Bank Reports Strong Q4 FY23 Results: 14% Credit Growth and Improved Asset Quality
City Union Bank announced impressive Q4 FY23 results, with net profit rising 12.94% YoY to ₹288 crore. The bank saw 14% credit growth, driven by a 23% increase in MSME lending. Interest earned grew 11.57% to ₹1,533 crore. Asset quality improved with GNPA at 3.09% and NNPA at 1.25%. The bank maintained a healthy 3.60% Net Interest Margin and set aside ₹78 crore for provisions. A dividend of ₹2 per share was recommended. IDBI Capital maintained a 'Buy' rating with a 24% upside potential.
02May 25
City Union Bank Reports Robust Q4 FY23 Performance with 13% Profit Growth
City Union Bank announced its Q4 FY23 results, reporting a net profit of ₹288.00 crore, up 13% year-over-year. The bank's asset quality improved with GNPA decreasing to 3.09% from 3.36% quarter-on-quarter. Net Interest Margin stood at 3.60%. Total assets grew by 6.35% to ₹70,825.90 crore. The bank's Board recommended a dividend of ₹2.00 per equity share for FY23.
02May 25
City Union Bank Reports 13% Profit Growth in Q4, Declares 200% Dividend
City Union Bank's Q4 FY2024-25 results show a 13% increase in net profit to ₹288.00 crore and a 9.8% rise in Net Interest Income to ₹600.30 crore. The bank's asset quality improved with GNPA ratio decreasing to 3.09%. For the full fiscal year, net profit reached ₹1,123.63 crore. The bank declared a dividend of ₹2.00 per share (200%) and maintained a strong Capital Adequacy Ratio of 23.73%.
15Apr 25
City Union Bank Sees Significant Block Trade of Over 1 Million Shares
City Union Bank (CUB) experienced a significant block trade on the National Stock Exchange (NSE). Approximately 1,012,265 shares, representing 0.14% of the bank's total outstanding shares, were traded at Rs. 164.98 per share, totaling Rs. 16.70 crores. The identities of the buyer and seller were not disclosed. This transaction has drawn attention from market participants, potentially indicating shifts in institutional holdings or strategic moves by large investors.
15Apr 25
City Union Bank Witnesses Significant Block Trade Worth ₹16.70 Crore
A block trade of 1,012,265 shares of City Union Bank Ltd. was executed on the National Stock Exchange at ₹164.98 per share, totaling ₹16.70 crore. The transaction, involving a significant number of securities, was carried out through the NSE platform. While the parties involved remain undisclosed, such trades can indicate shifts in institutional holdings or major stakeholder positions.
10Mar 25
City Union Bank: Asset Quality Improves Amid Challenges and Expansion Plans
City Union Bank's stock has declined 11% over the past month due to higher provisioning and margin pressure. However, the bank shows positive signs with loan book growth and improved asset quality, reducing its GNPA from 4.5% to 3.4% year-over-year. Strategic initiatives include geographical expansion beyond Tamil Nadu and focus on MSME and agriculture loans. Icra revised the bank's outlook to 'positive' in November 2024, reflecting confidence in its financial health.