Page 2 - City Union Bank
Balancing tradition and new systems key for old, traditional banks: Experts
These banks need to understand their limitations and balance tradition with new age banking systems, they say
 "Balancing tradition and new systems key for old, traditional banks: Experts")
City Union Bank PBT in Q1 down 15% to Rs 199 cr on provisions
PBT for the quarter was impacted on account of additional provision of Rs 100 crore towards Covid-19
 "City Union Bank PBT in Q1 down 15% to Rs 199 cr on provisions")
City Union Bank reports 17% decline in net profit at Rs 154 cr in Q1
The bank had posted a net profit of Rs 185.65 crore in the corresponding period of the previous fiscal, CUB said in a regulatory filing
City Union Bank board approves raising Rs 1,100 cr through equity, debt
The lender will seek shareholders' approval for the fundraise plan at its upcoming AGM next month
 "City Union Bank board approves raising Rs 1,100 cr through equity, debt")
Nifty likely to face resistance at 10,500 levels: CapitalVia Global
Market overview and technical calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
 "Nifty likely to face resistance at 10,500 levels: CapitalVia Global")
Trading idea by Prabhudas Lilladher: Buy City Union Bank, Bosch
The stock of City Union Bank has witnessed a decent erosion from the peak of around 240 levels and has bottomed out near 110 levels
 "Trading idea by Prabhudas Lilladher: Buy City Union Bank, Bosch")
Slowdown in SME sector can hurt mid-sized private banks, be selective
RBL, Federal and City Union appear better-placed to handle the potential SME loans-related woes; investors should be cautious on DCB and Karur Vysya
 "Slowdown in SME sector can hurt mid-sized private banks, be selective")
RCEP offer 'was not as much as our aspirations', says FM Sitharaman
She also said that she held discussions with credit rating agencies on their methodology to assess risk
 "RCEP offer 'was not as much as our aspirations', says FM Sitharaman")
City Union Bank Q1 profit up 15% at Rs 186 crore on prudent risk management
The bank continues to stay away from large corporate consortium lendings and infrastructure sector advances
Old private banks set to improve game with renewed interest from investors
These banks, taking a cue from the recent credit crisis, are reworking their underwriting practices
 "Old private banks set to improve game with renewed interest from investors")
City Union Bank Q4 profit rises 15% to Rs 175 crore, net NPA grows
Total income stood at Rs 1,131.44 crore in Q4, up 14.2% over the year-ago period
The dark horse: City Union Bank an outlier among regional peers
Has emerged as one of the best banking stocks in 2018
City Union Bank profit at Rs 1.68 bn in Q2, gross NPA down marginally
NPA provisioning for the quarter has declined 47% year-on-year to Rs 680 million
How $2 mn-City Union cyber theft is similar to $81 mn Bangladesh bank heist
Hackers disabled City printer connected to global payments platform SWIFT, preventing bank from receiving messages for three fraudulent payment instruction
City Union Bank's net profit grows 17% to Rs 145 cr
Total income grew 11.3% to Rs 996 cr
 "City Union Bank's net profit grows 17% to Rs 145 cr")
City Union Bank Q1 net up 14% at Rs 140 cr
City Union Bank (CUB) has reported a net profit of Rs 140.32 crore during the quarter ended June 30, 2017 as compared to Rs 123.52 crore, a year ago, an increase of 14 per cent. The Bank is planning to seek shareholders approval for a Rs 500 crore QIP.N Kamakodi, managing director and CEO, City Union Bank said that the quarter performance was decent and it was satisfactory compared to peers and industry.He attributed the increase in profit to 22 per cent growth in NII and increase in credit.Total income of the Bank rose to Rs 960.86 crore from Rs 883.30 crore, a year ago.Bank's GNPA rose to Rs 734.95 crore from Rs 555.03 crore, while Net NPA rose to Rs 425.95 crore from Rs 333.98 crore.In terms of per centage Gross NPA rose to 3.05 per cent of gross advances from 2.62 per cent, while Net NPArose to 1.79 per cent to net advances from 1.59 per cent.Bank's capital adequacy ratio (CAR) as on June 30, 2017 as per RBI guidelines on Basel III norms is 15.87 per cent and Tier I capital ...
City Union Bank net profit up 15% at Rs 128.87 cr
Total income grew 7.2 per cent to Rs 925.75 crore during the quarter ended March 2017
 "City Union Bank net profit up 15% at Rs 128.87 cr")
City Union Bank's pilot robot to be deployed first in Chennai
The bank plans to deploy around 25 robots in its branches by end of this year
 "City Union Bank's pilot robot to be deployed first in Chennai")
City Union Bank PAT up 11%
Total Income up 9% at Rs 883 crore; gross NPAs rise from 2.01% to 2.62%
 "City Union Bank PAT up 11%")
City Union Bank Q1 profit rises 11% to Rs 124 crore
Shares of the bank were trading 0.62% up at Rs 130.70 on BSE
