CUB exploring co-lending opportunities to achieve 12-14% growth in FY24. MD & CEO N. Kamakodi said bank needs to get into NBFC lending, co-lending & portfolio buyouts. Initiated discussions with NBFCs for housing & vehicle loans. Existing portfolio to constitute 85%, 15% from new lines. Sub-committe…

City Union Bank explores co-lending space for growth

HDFC Securities is bullish on City Union Bank has recommended buy rating on the stock with a target price of Rs 160 in its research report dated August 11, 2023.

Buy City Union Bank; target of Rs 160: HDFC Securities

Prabhudas Lilladher recommended accumulate rating on City Union Bank with a target price of Rs 160 in its research report dated August 12, 2023.

Accumulate City Union Bank; target of Rs 160: Prabhudas Lilladher

Gross non-performing assets rose 54 basis points (bps) sequentially to 4.91 percent and net NPAs jumped 15 bps in Q1FY24

City Union Bank down 6% as asset quality worsens in Q1

The bank reported a drop in operating profit at ₹414 crore in Q1FY24

City Union Bank posts ₹227 cr net profit in Q1

City Union Bank Ltd. (CUB) reported standalone net profit for the June quarter rose marginally to ₹227 crore from ₹225 crore during the year-earlier period due to a drop in other income and increase in non-performing assets.

City Union Bank Q1 net rose marginally to ₹227 cr.

Indian corporates are set to raise a significant amount through the qualified institutional placement (QIP) route in 2023, surpassing the previous year’s fundraising. Adani Group leads the way with a substantial portion, while Hindustan Copper, SpiceJet, and City Union Bank plan their QIP issues. QI…

Over ₹36,300 crore worth of QIPs waiting to be raised in 2023

Low cost carrier SpiceJet has cleared its financial dues of ₹100 crore to City Union Bank Ltd., as per its schedule.

SpiceJet clears its dues of ₹100 crore to City Union Bank

Low-cost carrier SpiceJet, an Indian low-cost carrier, announced that it has successfully settled its ₹100-crore payment to City Union Bank.

SpiceJet repays City Union Bank’s ₹100-crore loan

The last tranche of Rs 25 crore was paid on June 30, 2023, says the low-cost airline

SpiceJet repays Rs 100-crore loan to City Union Bank, airline’s stock surges 13%

Indian airline SpiceJet has completed the full repayment of a loan worth Rs 100 crore ($13.4 million) to City Union Bank. The final tranche of Rs 25 crore was paid on June 30, 2023. The payment releases all securities that were pledged with the bank. The repayment follows the successful settlement a…

SpiceJet repays Rs 100 cr loan to City Union Bank, frees pledged collaterals

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

City Union Bank Limited is a banking company. The Bank's segments include Treasury, Corporate and Wholesale Banking, Retail Banking and Other Banking Operations.