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City Union Bank trades higher on getting nod to raise Rs 500 crore through QIP City Union Bank is currently trading at Rs. 123.10, up by 0.85 points or 0.70% from its previous closing of Rs. 122.25 on the BSE. The scrip opened at Rs. 123.25 and has touched a high and low of Rs. 123.45 and Rs. 122.15 respectively. So far 82170 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 204.95 on 15-Dec-2022 and a 52 week low of Rs. 119.50 on 23-Jun-2023. Last one week high and low of the scrip stood at...
City Union Bank trades higher on getting nod to raise Rs 500 crore through QIP
City Union Bank trades higher on getting nod to raise Rs 500 crore through QIP
Source: Accord Fintech
27/06/2023 10:41:31 AM
City Union Bank gains on reporting 9.87% rise in total deposits during Q4FY23 City Union Bank is currently trading at Rs. 125.75, up by 0.80 points or 0.64% from its previous closing of Rs. 124.95 on the BSE. The scrip opened at Rs. 124.70 and has touched a high and low of Rs. 126.00 and Rs. 124.35 respectively. So far 13876 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 204.95 on 15-Dec-2022 and a 52 week low of Rs. 117.60 on 12-May-2022. Last one week high and low of the scrip stood at...
City Union Bank gains on reporting 9.87% rise in total deposits during Q4FY23
City Union Bank gains on reporting 9.87% rise in total deposits during Q4FY23
Source: Accord Fintech
6/04/2023 10:35:55 AM
Accumulate City Union Bank Ltd For Target Rs.159 - Geojit Financial Services Moderating the valuation to factor slower growth   Moderating the valuation to factor slower growth City Union Bank Ltd. (CUB), the oldest private sector bank in India, is a mid-sized commercial bank headquartered in Tamil Nadu, with a network of 752 branches spread across the country and a loan book size of Rs.43,009cr . * Business growth was subdued compared to industrial growth, with advances and deposits growing flat sequentially. * The bank has been focusing on low yield...
Accumulate City Union Bank Ltd For Target Rs.159 - Geojit Financial Services
Accumulate City Union Bank Ltd For Target Rs.159 - Geojit Financial Services
Source: Geojit Financial Services Ltd
20/02/2023 3:39:09 PM
Buy City Union Bank Ltd For Target Rs.184 - Anand Rathi Share and Stock Brokers Challenging quarter, earnings outlook stays strong; Buy CUB’s Q3 FY23 profitability declined, with the RoA down 38bps q/q to 1.34% on account of higher provisions due to a Rs2.59bn divergence in reported FY22 GNPA. Ahead, we expect slippages to ease since most of the stress related to the pandemic has already been recognized. Now, the focus shifts towards business growth. We expects loan growth to pick up from current levels and earnings to improve. We maintain a Buy, at a TP of Rs18...
Buy City Union Bank Ltd For Target Rs.184 - Anand Rathi Share and Stock Brokers
Buy City Union Bank Ltd For Target Rs.184 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
13/02/2023 4:03:29 PM
Add City Union Bank Ltd For Target Rs.190 - Yes Securities CUB on track to miss both growth and asset quality guidance Result Highlights * Asset quality: Gross NPA additions amounted to Rs 4.39bn for the quarter, translating to an annualized slippage ratio of 4.1%. * Margin picture: NIM at 3.88% was down -21bps/-12bps QoQ/YoY as interest on advances worth Rs 320mn was not recognized during the quarter. * Asset growth: Advances grew 0.7%/12% QoQ/YoY, driven sequentially largely by Agri, MSME and Commercial Real Estate loans * Opex contr...
Add City Union Bank Ltd For Target Rs.190 - Yes Securities
Add City Union Bank Ltd For Target Rs.190 - Yes Securities
Source: Yes Securities Ltd
13/02/2023 3:14:48 PM
India central bank's new proposal on loan loss provisions to raise bank capital needs The Indian central bank's discussion paper suggesting banks make provisions on bad loans using an expected credit loss (ECL) method could raise capital requirements for lenders, analysts said. On Monday evening, the Reserve Bank of India released the paper proposing a shift away from the current method - where loan loss provisions are made after a default - to one where banks will need to assess the probability of default upfront and provision accordingly. The potential impact of a ...
India central bank's new proposal on loan loss provisions to raise bank capital needs
India central bank's new proposal on loan loss provisions to raise bank capital needs
Source: Reuters
17/01/2023 9:42:12 AM
City Union Bank gains on opening 19 new branches City Union Bank is currently trading at Rs. 179.15, up by 1.20 points or 0.67% from its previous closing of Rs. 177.95 on the BSE. The scrip opened at Rs. 180.70 and has touched a high and low of Rs. 181.00 and Rs. 177.75 respectively. So far 16546 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 204.95 on 15-Dec-2022 and a 52 week low of Rs. 108.60 on 07-Mar-2022. Last one week high and low of the scrip stood at...
City Union Bank gains on opening 19 new branches
City Union Bank gains on opening 19 new branches
Source: Accord Fintech
30/12/2022 1:46:28 PM
Stock of the day: Buy City Union Bank Ltd For Target Rs.218 By Religare Broking * CUB has witnessed a fresh breakout from a consolidation pattern * The breakout is supported by a substantial rise in volume. * The recent traction in the banking space is added positive. * We thus recommend initiating fresh longs in the mentioned zone. BUY City Union Bank Ltd CMP (Rs):203.10  Range:200-202  SL:190  Target:218 Technical Chart :     To Read Complete Report & Disclaimer Click Here   Please ...
Stock of the day: Buy City Union Bank Ltd For Target Rs.218 By Religare Broking
Stock of the day: Buy City Union Bank Ltd For Target Rs.218 By Religare Broking
Source: Religare Broking Ltd
15/12/2022 9:15:38 AM
City Union Bank rises on the BSE City Union Bank is currently trading at Rs. 195.20, up by 0.90 points or 0.46% from its previous closing of Rs. 194.30 on the BSE. The scrip opened at Rs. 194.90 and has touched a high and low of Rs. 200.35 and Rs. 194.30 respectively. So far 80082 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 200.35 on 13-Dec-2022 and a 52 week low of Rs. 108.60 on 07-Mar-2022. Last one week high and low of the scrip stood at...
City Union Bank rises on the BSE
City Union Bank rises on the BSE
Source: Accord Fintech
13/12/2022 11:49:34 AM
Buy City Union Bank Ltd For Target Rs.228 - Emkay Global On course to claw back best-ever RoA * CUBK reported a strong 26% beat on PAT at Rs2.8bn (up 23% YoY) and its best-ever RoA of 1.7% (reported) in Q2. This was mainly led by sharp improvement in margins (up 14bps QoQ to 4.1%) and lower LLP, as NPAs continue to trend down. Bank expects profitability to remain strong in H2 on the back of better growth and continued moderation in NPAs. * Overall credit growth was modest at 13% YoY/4% QoQ, mainly due to sluggish corporate growth (down 5% QoQ...
Buy City Union Bank Ltd For Target Rs.228 - Emkay Global
Buy City Union Bank Ltd For Target Rs.228 - Emkay Global
Source: Emkay Global Financial Services Ltd
9/11/2022 3:52:11 PM
Add City Union Bank Ltd For Target Rs.215 - Yes Securities Pre-existing valuation premium prevents us from turning bullish Result Highlights * Asset quality: Gross NPA additions amounted to Rs 2.62bn for the quarter, translating to an annualized slippage ratio of 2.4%. * Margin picture: NIM at 4.09% was up 14bps QoQ due to higher yield on advances and Loan to Deposit ratio. * Asset growth: Advances grew 4.3%/12.3% QoQ/YoY, driven sequentially largely by Agri, MSME and Non Agri Jewel Loans * Opex control: Total opex fell/rose -3.5%/3.3%...
Add City Union Bank Ltd For Target Rs.215 - Yes Securities
Add City Union Bank Ltd For Target Rs.215 - Yes Securities
Source: Yes Securities Ltd
8/11/2022 2:04:08 PM
City Union Bank : Business growth picking up, earnings outlook stays strong; Buy - Anand Rathi Share and Stock Brokers Business growth picking up, earnings outlook stays strong; Buy CUB’s Q2 FY23 profitability improved, with 1.72% RoA (up 26bps q/q) and better asset quality. Key positives were 1) a pick-up in loan growth, 2) strong recoveries, 3) expansion in margins and 4) strong liquidity and capitalisation. Ahead, we expect slippages to ease further and earnings to improve. We maintain a Buy, at a TP of Rs220 (earlier 190), valuing it at 1.7x P/ABV on its FY25e book. Asset quality stable. Slipp...
City Union Bank : Business growth picking up, earnings outlook stays strong; Buy - Anand Rathi Share and Stock Brokers
City Union Bank : Business growth picking up, earnings outlook stays strong; Buy - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
8/11/2022 10:05:33 AM
Stock Picks - Larsen & Toubro Ltd and City Union Bank Ltd By ICICI Direct Larsen & Toubro Ltd Buy Larsen & Toubro Ltd @ 1898-1902 CMP 1911.60 Stop Loss 1880.80 Target 1919/1938   City Union Bank Ltd Buy City Union Bank Ltd @ 182-183 CMP 184.05 Stop Loss 180.70 Target 184.4/186.2   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000...
Stock Picks - Larsen & Toubro Ltd and City Union Bank Ltd By ICICI Direct
Stock Picks - Larsen & Toubro Ltd and City Union Bank Ltd By ICICI Direct
Source: ICICI Direct
17/10/2022 11:05:26 AM
Buy City Union Bank Ltd For Target Rs.200 - ICICI Securities Earnings momentum continues; credit growth guidance revised upwards City Union Bank (CUBK) in Q1FY23, taking cognisance of steady improvement in asset quality and sustained economic recovery, revised its FY23 credit growth guidance upwards to 15-18% vs 12-15% earlier. Notably, earnings trajectory continues to improve as reflected in 30% YoY growth in PAT, driving RoA expansion to 1.46% vs 1.42% in Q4FY22. While gross slippages remained marginally higher at Rs2.7bn (2.7% vs guidance of 2-2...
Buy City Union Bank Ltd For Target Rs.200 - ICICI Securities
Buy City Union Bank Ltd For Target Rs.200 - ICICI Securities
Source: ICICI Securities
1/10/2022 11:48:40 AM
Buy City Union Bank For Target Rs . 245 - ICICI Direct Healthy quarter; growth guidance revised upwards… About the stock: City Union Bank is an old private sector bank with focus on MSME and agri loans that form 61% of overall advances. * Strong presence in south India with 644 out of total 727 branches * Total 99% of bank’s advances are secured in nature Q1FY23 Results: Healthy performance led by strong business growth. * Advances grew 12.5% YoY to | 40934 crore. Deposits up 9.3% YoY with CASA growth at 25% YoY * N...
Buy City Union Bank For Target Rs . 245 - ICICI Direct
Buy City Union Bank For Target Rs . 245 - ICICI Direct
Source: icici direct
30/08/2022 9:15:40 AM
Buy City Union Bank Ltd For Target Rs.215- icici direct Healthy quarter; growth guidance revised upwards… About the stock: City Union Bank is an old private sector bank with focus on MSME and agri loans that form 61% of overall advances. * Strong presence in south India with 644 out of total 727 branches * Total 99% of bank’s advances are secured in nature Q1FY23 Results: Healthy performance led by strong business growth. *  Advances grew 12.5% YoY to | 40934 crore. Deposits up 9.3% YoY with CASA growth at 25% YoY ...
Buy City Union Bank Ltd For Target Rs.215- icici direct
Buy City Union Bank Ltd For Target Rs.215- icici direct
Source: ICICI Direct
22/08/2022 10:55:22 AM
Buy City Union Bank Ltd For Target Rs.200 - Emkay Global Better growth, lower LLP to help reclaim its high RoA trajectory * CUBK reported a beat on PAT at Rs2.2bn (up 28% yoy) vs. estimate of Rs1.9bn, mainly driven by higher recoveries from write-offs and lower provisions. The bank expects higher growth and NPA recovery in FY23, which should drive-up RoA to 1.5% from 1.3% in FY22. * Overall credit growth remains moderate at 13% yoy. However, the bank has renewed its growth guidance from low to mid-high, double-digit growth in FY23, as the ban...
Buy City Union Bank Ltd For Target Rs.200 - Emkay Global
Buy City Union Bank Ltd For Target Rs.200 - Emkay Global
Source: Emkay Global Financial Services Ltd
19/08/2022 1:15:07 PM
Add City Union Bank Ltd For Target Rs.185 - Yes Securities Management revises upward loan growth guidance Result Highlights * Asset quality: Gross NPA additions amounted to Rs 2.70bn for the quarter, translating to an annualized slippage ratio of 2.6%. * Margin picture: NIM at 3.95% was down -6 bpsQoQ as yield of advances declined more than cost of deposits * Asset growth: Advances de-grew/grew -0.5%/12.5% QoQ/YoY, driven lower sequentially largely by Retail Traders, Wholesale Traders and Comm. Real Estate * Opex control: Total op...
Add City Union Bank Ltd For Target Rs.185 - Yes Securities
Add City Union Bank Ltd For Target Rs.185 - Yes Securities
Source: Yes Securities Ltd
14/08/2022 5:56:32 PM
City Union Bank zooms on reporting 30% rise in Q1 net profit City Union Bank is currently trading at Rs. 176.65, up by 13.85 points or 8.51% from its previous closing of Rs. 162.80 on the BSE. The scrip opened at Rs. 164.20 and has touched a high and low of Rs. 176.85 and Rs. 164.20 respectively. So far 429448 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 183.65 on 26-Oct-2021 and a 52 week low of Rs. 108.60 on 07-Mar-2022. Last one week high and low of the scrip stood ...
City Union Bank zooms on reporting 30% rise in Q1 net profit
City Union Bank zooms on reporting 30% rise in Q1 net profit
Source: Accord Fintech
10/08/2022 11:30:38 AM
Buy City Union Bank For Target Rs. 200 - Emkay Global Financial Services Ltd Better growth, lower LLP to help reclaim its high RoA trajectory * CUBK reported a beat on PAT at Rs2.2bn (up 28% yoy) vs. estimate of Rs1.9bn, mainly driven by higher recoveries from write-offs and lower provisions. The bank expects higher growth and NPA recovery in FY23, which should drive-up RoA to 1.5% from 1.3% in FY22. * Overall credit growth remains moderate at 13% yoy. However, the bank has renewed its growth guidance from low to mid-high, double-digit growth in FY23, as the ban...
Buy City Union Bank For Target Rs. 200 - Emkay Global Financial Services Ltd
Buy City Union Bank For Target Rs. 200 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Ltd
9/08/2022 4:24:13 PM
City Union Bank gains on entering into strategic partnership with Bajaj Allianz Life Insurance City Union Bank gains on entering into strategic partnership with Bajaj Allianz Life Insurance Jul-13-2022   10:24 Hrs IST City Union Bank is currently trading at Rs. 149.00, up by 0.60 points or 0.40% from its previous closing of Rs. 148.40 on the BSE. The scrip opened at Rs. 148.60 and has touched a high and low of Rs. 150.75 and Rs. 148.60 respectively. So far 23663 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52...
City Union Bank gains on entering into strategic partnership with Bajaj Allianz Life Insurance
City Union Bank gains on entering into strategic partnership with Bajaj Allianz Life Insurance
Source: Accord Fintech
13/07/2022 10:31:05 AM
City Union Bank moves up on inking bancassurance agreement with Tata AIA Life Insurance, Shriram General Insurance ity Union Bank is currently trading at Rs. 145.90, up by 1.00 points or 0.69% from its previous closing of Rs. 144.90 on the BSE. The scrip opened at Rs. 143.00 and has touched a high and low of Rs. 147.00 and Rs. 143.00 respectively. So far 54089 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 183.65 on 26-Oct-2021 and a 52 week low of Rs. 108.60 on 07-Mar-2022. Last one week high and low of the scrip stood at ...
City Union Bank moves up on inking bancassurance agreement with Tata AIA Life Insurance, Shriram General Insurance
City Union Bank moves up on inking bancassurance agreement with Tata AIA Life Insurance, Shriram General Insurance
Source: Accord Fintech
11/07/2022 1:31:47 PM
Buy City Union Bank Ltd For Target Rs.180 - Emkay Global Earnings beat led by better growth, recoveries and contained opex * CUBK reported a beat on PAT at Rs2.1bn (up 88% yoy) in Q4 vs. est. of Rs1.9bn, mainly driven by higher other income due to higher recoveries from w-offs and lower opex. The bank expects NPA recovery to partly offset weak treasury performance in FY23 and expects RoA to gradually improve to 1.5% from 1.3% in FY22. * Overall credit growth improved to 12% yoy/7% qoq, led by growth in SME and corporate books, which showed im...
Buy City Union Bank Ltd For Target Rs.180 - Emkay Global
Buy City Union Bank Ltd For Target Rs.180 - Emkay Global
Source: Emkay Global Financial Services Ltd
31/05/2022 11:34:18 AM
Add City Union Bank Ltd Target Rs.145 - Yes Securities Relatively better days ahead but stock remains low in our pecking order Result Highlights * Asset quality: Gross NPA additions amounted to Rs 2.21bn for the quarter, translating to an annualized slippage ratio of 2.2%. * Margin picture: NIM at 4.01% was up1 bpsQoQas cost of deposits declined more than yield of advances * Asset growth: Advances grew 7.2%/11.2% QoQ/YoY driven sequentially by goldbacked agri loans and MSME loans * Opex control: Total opex fell-...
Add City Union Bank Ltd Target Rs.145 - Yes Securities
Add City Union Bank Ltd Target Rs.145 - Yes Securities
Source: Yes Securities Ltd
30/05/2022 12:13:27 PM
City Union Bank Ltd spurts 1.64%, gains for third straight session City Union Bank Ltd is quoting at Rs 127.1, up 1.64% on the day as on 12:49 IST on the NSE. The stock is down 27.93% in last one year as compared to a 7.63% gain in NIFTY and a 4.46% gain in the Nifty Private Bank index. City Union Bank Ltd rose for a third straight session today. The stock is quoting at Rs 127.1, up 1.64% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.56% on the day, quoting at 16357.6. The Sensex is at 54725.96, up 0.74%. City Union Bank Ltd has d...
City Union Bank Ltd spurts 1.64%, gains for third straight session
City Union Bank Ltd spurts 1.64%, gains for third straight session
Source: Dion Global Solutions Ltd
23/05/2022 4:58:58 PM
Buy City Union Bank Ltd For Target Rs.200 - ICICI Securities Getting back to growth path; asset quality challenges behind City Union Bank’s (CUBK) Q3FY22 RoA was near-normal at ~1.4%. Slippages were at lowest level of Rs2.7bn (~2.0% of loans adjusted for Rs0.5bn-0.6bn additional slippages due to RBI’s revised DPD norms), since covid on-set. The quarter saw the bank kick-starting a growth-oriented strategy. All this suggests the fading-away of covid-related business uncertainties for CUBK. Hereon, the bank is ready to embark on a revamped...
Buy City Union Bank Ltd For Target Rs.200 - ICICI Securities
Buy City Union Bank Ltd For Target Rs.200 - ICICI Securities
Source: ICICI Securities Ltd
6/04/2022 1:25:13 PM
Stock Picks - Bharat Electronics​​​​​​​ Ltd and City Union Bank Ltd By ICICI Direct Bharat Electronics Buy Bharat Electronics Ltd @ 206.50-207.50 CMP 207.55 TGT 211.00 SL 204.90   City Union Bank Sell City Union Bank Ltd @144.00-144.50 CMP 144.60 TGT 141.00 SL 145.90   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information &a...
Stock Picks - Bharat Electronics​​​​​​​ Ltd and City Union Bank Ltd By ICICI Direct
Stock Picks - Bharat Electronics​​​​​​​ Ltd and City Union Bank Ltd By ICICI Direct
Source: ICICI Direct
6/12/2021 12:20:28 PM
Mid Cap : Buy City Union Bank Ltd For Target Rs.190 - Geojit Financial Decent quarter; Asset quality to improve 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 702 branches and 1,720 ATMs spread across the country and a loan book size of Rs.38,012cr * Total Business grew by 10% YoY with advances growing at 7% supported by strong growth in Gold Loan while deposits grew by 12% YoY. * Net Interest Income grew by 1% YoY and 7% QoQ with NIM improving to 4.03% ...
Mid Cap : Buy City Union Bank Ltd For Target Rs.190 - Geojit Financial
Mid Cap : Buy City Union Bank Ltd For Target Rs.190 - Geojit Financial
Source: Geojit Financial Services Ltd
18/11/2021 2:07:57 PM
Add City Union Bank Ltd For Target Rs.180 - Yes Securities Staff cost evolution promising but growth questions remain Result Highlights * Asset quality: Gross NPA additions amounted to Rs 2.97bn for the quarter, translating to an annualized slippage ratio of 3.2%. * Margin picture: NIM at 4.03% was up 17 bps QoQ as cost of deposits declined while yield on advances rose * Asset growth: Advances grew 4.4%/7.3% QoQ/YoY driven by gold-backed agri loans * Opex control: Total opex rose 6.0%/6.2% QoQ/YoY, employee expenses fell/rose -1.8%/5.9...
Add City Union Bank Ltd For Target Rs.180 - Yes Securities
Add City Union Bank Ltd For Target Rs.180 - Yes Securities
Source: Yes Securities Ltd
15/11/2021 1:41:18 PM
City Union Bank rises on getting approval from RBI to collect Direct and Indirect Taxes City Union Bank is currently trading at Rs. 169.85, up by 0.05 points or 0.03% from its previous closing of Rs. 169.80 on the BSE. The scrip opened at Rs. 171.00 and has touched a high and low of Rs. 171.25 and Rs. 163.75 respectively. So far 69817 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 199.80 on 18-Nov-2020 and a 52 week low of Rs. 142.75 on 17-Aug-2021. Last one week high and low of the scrip stood at...
City Union Bank rises on getting approval from RBI to collect Direct and Indirect Taxes
City Union Bank rises on getting approval from RBI to collect Direct and Indirect Taxes
Source: Accord Fintech
29/10/2021 2:22:29 PM
Stock Picks - Buy City Union Bank Ltd For Target Rs. 196 - ICICI Direct Technical Observations * The stock has registered a breakout above the bullish rounding formation of the last five months signalling resumption of up move and offers fresh entry opportunity * We expect the stock to maintain positive bias and head higher towards | 196 levels in the coming sessions as it is the 138.2% external retracement of May-August decline (| 180-143) * The stock has immediate support at | 171 levels as it is the 61.8% retracement of current up move (| 163-184...
Stock Picks - Buy City Union Bank Ltd For Target Rs. 196 - ICICI Direct
Stock Picks - Buy City Union Bank Ltd For Target Rs. 196 - ICICI Direct
Source: ICICI Direct
27/10/2021 10:59:13 AM
Buy City Union Bank Ltd For Target Rs.200 - ICICI Direct Operational performance steady… About the stock: City Union Bank is an old private sector bank with focus on MSME and trading loans that form 52% of overall advances. * Strong presence in south India with 630 out of total 702 branches * Total 99% of bank’s advances are secured loans   Q1FY22 Results: PAT was boosted by other income and low credit cost. * NII up 2.4% YoY, 4.5% QoQ at | 448 crore, NIMs up 14 bps QoQ to 3.86% * Other income up 34.9% QoQ hel...
Buy City Union Bank Ltd For Target Rs.200 - ICICI Direct
Buy City Union Bank Ltd For Target Rs.200 - ICICI Direct
Source: ICICI Direct
4/10/2021 10:30:00 AM
Buy City Union Bank Ltd For Target Rs.200 - ICICI Securities Stressed asset formation under control; steady march to historical RoA of 1.5% City Union Bank’s (CUBK) Q1FY22 performance was characterised by leash on fresh stressed asset formation with: 1) incremental restructuring of >50bps, 2) marginal increase in GNPL to 5.6%, 3) SMA-2 at 3.2% lower than pre-covid level, and 4) unchanged guidance of reaching 1.5% RoA by H2FY23E despite covid second wave. Earnings at Rs1.7bn was largely driven by strong NII growth of 5% QoQ, utilisation o...
Buy City Union Bank Ltd For Target Rs.200 - ICICI Securities
Buy City Union Bank Ltd For Target Rs.200 - ICICI Securities
Source: ICICI Securities
29/09/2021 9:54:43 AM
Add City Union Bank Ltd For Target Rs.166 - Yes Securities Result Highlights * Asset quality: Annualized slippage ratio for 1QFY22 was elevated at 5.3% (Rs 4.8bn) but this was a pre-planned upfronting of full year slippages * Margin picture: NIM at 3.86% was up 14 bps QoQ, despite CD ratio declining ~100 bps QoQ to 82%, due to lower interest reversals QoQ, among other factors * Asset growth: Advances de-grew -1.7%/5.4% QoQ/YoY with gold loans being the go-to segment preventing growth from falling off a cliff * Opex control: Total opex dec...
Add City Union Bank Ltd For Target Rs.166 - Yes Securities
Add City Union Bank Ltd For Target Rs.166 - Yes Securities
Source: Yes Securities Ltd
11/08/2021 10:19:12 AM
Buy City Union Bank Ltd For Target Rs. 200 - ICICI Securities Stressed asset formation within guided range; asset quality outlook encouraging City Union Bank’s (CUBK) Q4FY21 / FY21 performance was characterised by incremental stressed asset formation at lower end of the guided range as reflected in: 1) gross slippages at 3% vs guidance of 3-3.5%, and 2) total restructuring at 5% of advances vs guidance of 5-6%. ECLGS disbursements stood at ~Rs21bn, or 5.6% of advances. Despite elevated credit cost at 2.3% (due to total stressed pool {NNPL+ rest...
Buy City Union Bank Ltd For Target Rs. 200 - ICICI Securities
Buy City Union Bank Ltd For Target Rs. 200 - ICICI Securities
Source: ICICI Securities Ltd
26/06/2021 10:55:07 AM
Buy City Union Bank Ltd Target Rs. 174 - Religare Broking Derivative Ideas CUB FUTS added around 24% in open interest as LONG buildup was seen in it. Current chart pattern also indicates further up move in its price. We suggest buying in CUB in cash as per below levels. Strategy:- BUY CUB BETWEEN 167-168 STOPLOSS 164 TARGET 174.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330 Above views ...
Buy City Union Bank Ltd Target Rs. 174 - Religare Broking
Buy City Union Bank Ltd Target Rs. 174 - Religare Broking
Source: Religare Broking Ltd
14/06/2021 11:35:52 AM
Buy City Union Bank Ltd For Target Rs.220 - Emkay Global RoA to normalize gradually; management stability, strong capital comforting * Despite lower NIM due to subdued growth and interest reversal, CUB reported higherthan-expected PAT at Rs1.1bn (vs. estimate of Rs0.8bn) in Q4FY21 mainly due to contained LLP and tax reversals. * GNPA ratio was down at 5.1% (vs. pro forma of 6% in Q3) due to higher write-offs, while restructuring was on guided lines at 5% of loans. Amid the raging second Covid-19 wave, CUB expects lower slippages/NPA formation...
Buy City Union Bank Ltd For Target Rs.220 - Emkay Global
Buy City Union Bank Ltd For Target Rs.220 - Emkay Global
Source: Emkay Global Financial Services Ltd
8/06/2021 9:47:10 AM
Mid Cap : Buy City Union Bank Ltd For Target Rs. 208 - Geojit Financial ECLGS and Gold loan to drive disbursement 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 702 branches and 1,724 ATMs spread across the country and a loan book size of Rs.37,021cr * Total Business grew by 8% YoY with advances growing at 7% supported by strong growth in ECLGS (Emergency Credit Line Guarantee Scheme) and Gold Loan. * Net Interest Income grew by 2% YoY while declined 12.4...
Mid Cap : Buy City Union Bank Ltd For Target Rs. 208 - Geojit Financial
Mid Cap : Buy City Union Bank Ltd For Target Rs. 208 - Geojit Financial
Source: Geojit Financial Services Ltd
3/06/2021 10:33:28 AM
Buy City Union Bank Ltd For Target Rs.198 - LKP Securities Price Analysis: 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 expect...
Buy City Union Bank Ltd For Target Rs.198 - LKP Securities
Buy City Union Bank Ltd For Target Rs.198 - LKP Securities
Source: LKP Securities Ltd
17/04/2021 9:18:09 AM
Mid Cap : Buy City Union Bank Ltd For Target Rs.208 - Geojit Financial ECLGS and Gold loan to lead growth 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. * Net Interest Income grew by 14% YoY with NIM improving by 20...
Mid Cap : Buy City Union Bank Ltd For Target Rs.208 - Geojit Financial
Mid Cap : Buy City Union Bank Ltd For Target Rs.208 - Geojit Financial
Source: Geojit Financial Services Ltd
9/02/2021 10:06:43 AM
Buy City Union Bank Ltd For Target Rs. 192 - HDFC Securities Potential stress rises ahead of estimates Despite higher-than-expected LLPs, CUBK’s 3Q earnings were ~22% ahead of estimates on the back of a strong operating performance, driven by (1) an uptick in NIMs, (2) elevated treasury gains, and (3) better operating leverage. However, the pace and quantum of potential stress evolving at the bank, disappointed, especially when set against the backdrop of improving macros and consequently, peers’ performance. We reduce our earnings estim...
Buy City Union Bank Ltd For Target Rs. 192 - HDFC Securities
Buy City Union Bank Ltd For Target Rs. 192 - HDFC Securities
Source: HDFC Securities Ltd
4/02/2021 3:04:36 PM