City Union Bank

n the past six months, City Union Bank has underperformed the market by falling 26 per cent, as compared to 1 per cent rise in the S&P BSE Sensex

According to analysts, CUB's results had several areas of weakness this quarter

Private sector City Union Bank has registered net profit at Rs 217.83 crore for the October-December 2022 quarter, the Tamil Nadu-based bank said on Saturday. Net profits for the quarter ending December 31, 2022 was at Rs 196.11 crore in the corresponding period of last year. For the nine month period ending December 31, 2022, the net profit of the bank surged to Rs 719.43 crore from Rs 551.20 crore registered in same period of previous year. The total income during the quarter under review grew to Rs 1,429.97 crore from Rs 1,195.24 crore registered in same period of previous year. The total income for the nine month period ending December 31, 2022 went up to Rs 4,101.60 crore from Rs 3,610.98 crore registered year ago, the bank said.

The Reserve Bank of India found divergence of Rs 259 crore in additional gross NPA for the financial year 2021-22.

Company aims to have 125 million people using its English language learning app

The bank's share closed at Rs 179.05 a piece on BSE, down 4.7% from its previous close while the broader Sensex was down 1.46%

Total income during April-June quarter of 2022-23 was up by 11 per cent at Rs 1,317 crore as against Rs 1,191 crore earlier, City Union Bank said in a release.

Stocks to watch today: Bharti Airtel and Adani Ports will report their June quarter results (Q1FY23); Titan saw 13-fold jump in net profit to Rs 790 crore in Q1FY23.

Shriram will offer personal insurance products such as motor, personal accident, home and travel along with commercial ones such as property, marine and engineering to bank's customers

The private sector lender said that its annual general meeting (AGM) is scheduled to be held on August 18, 2022, and it will seek shareholders approval for the capital raise plan

The bank trimmed its bad loans proportion with the gross non-performing assets (NPAs) declining to 4.70% of the gross advances as of March 31, 2022, as against 5.11% in the year-ago period

City Union Bank (CUB) on Friday reported a 15 per cent rise in net profit at Rs 196 crore for the quarter ended December 2021 on lower provisioning requirements.

Customers need to hold the wristwatch in front of the PoS device during payment like tapping the card on PoS. For payments above Rs 5,000, customers need to tap and enter their PIN

The bank had posted a net profit of Rs 154 crore in the same quarter a year ago.

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 ...

Private sector City Union Bank has reported net profit at Rs 111.18 crore for the quarter ending March 31, 2021.

During the quarter it made Rs 125 cr additional provision towards Covid contingencies, total provisions at Rs 465 cr as on December 31, 2020

High concentration in the south Indian market, particularly the SME belt is working to its advantage

Net interest income up 15.4% to Rs 475.2 crore, improvement in NPA position

With gains of 7 - 10 per cent since September 24, both stocks have been an outlier among peers