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City Union Bank Ltd share Price

Company details

6M Return 3.08%
1Y Return -25.75%
Mkt Cap.(Cr) 9,532.86
Volume 2,414,063
Div Yield 0.77%
OI Chg %
Volume 2,414,063

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Incur '0' Brokerage upto ₹500
Divergence impacts quarter; growth outlook unclear
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

    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
    • NII up 17.3% YoY, 4.8% QoQ. NIMs declined marginally 6 bps QoQ at 3.95%
    • GNPA down 5 bps QoQ to 4.65%. Restructured book declined to ~5%

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City Union Bank announced Q1FY24 results:

  • The Bank earned Net Interest Income of Rs 523 crore for Q1FY24 as against Rs 525 crore in Q1FY23.
  • Non-Interest Income of the Bank for Q1FY24 was at Rs 191 crore as against Rs 218 crore for Q1FY23.
  • The operating expense is Rs 300 crore for Q1FY24 as compared to Rs 295 crore in Q1FY23
  • The Gross Profit was Rs 414 crore in Q1FY24 as against Rs 447 crore in Q1FY23.
  • The Bank made a provision of Rs 187 crore as of June 30, 2023, as against Rs 222 crore in Q1FY23.
  • The PAT was Rs 227 crore in Q1FY24 as against at Rs 225 crore in Q1FY23.
  • Total Deposits of the Bank had increased by 6% for Q1FY24 to Rs 51,655 crore from Rs 48,772 crore in Q1FY23. CASA portion stood at 31% of total deposits. The cost of Deposits increased to 5.36 % for Q1FY24 from 4.43% in Q1FY23. The increase is in line with policy rate hikes.
  • Total Advances increased by 4% for Q1FY24 to Rs 42,405 crore from Rs 40,934 crore in Q1FY23. The credit Deposit ratio stood at 82%. The yield on Advances had increased to 9.53% in Q1FY24 from 9.04% in Q1FY23. The hike is due to the transmission of policy rate hikes.
  • The Gross NPA as on June 30, 2023, stood at 4.91% as against 4.65% in Q1FY23. Net NPA for Q1FY24 decreased to 2.51% from 2.89% for the same period. The Provision Coverage Ratio (including TW) as on June 30, 2023, stood at 70%, and PCR without TW is at 50%.
  • Net Interest Margin is at 3.67% for Q1FY24.
  • Return on assets for Q1FY24 is at 1.40%.
  • Return on Equity was at 12.10% in Q1FY24.
  • Cost to Income Ratio stood at 41.98% in Q1FY24 vs 39.78% in Q1FY23.
  • The Bank’s capital adequacy as on June 30, 2023, as per Reserve Bank of India (RBI) guidelines on Basel III norms is 23.02% and Tier-1 capital adequacy was 21.98%, well above regulatory requirements.



Result PDF

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Investment recommendation
Divergence impacts quarter; growth outlook unclear
Call Date
14 Feb 2023
Entry Price 147.00
Target Price 160.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

City Union Bank Ltd Stocks COMPARISION


Equity Capital: 7,457.21 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,065.79 -9,437.36
LAST 3M 48,885.55 -453.72
LAST 6M 53,246.77 148,781.31
LAST 12M 137,184.48 160,910.46
City Union Bank Limited - Resignation

Sep 21, 2023 l NSE Announcement

City Union Bank Limited - Loss of Share Certificates

Sep 20, 2023 l NSE Announcement

Date Action Type Ratio
Aug 11, 2023 Dividend 100
Aug 10, 2022 Dividend 100
Aug 11, 2021 Dividend 20

City Union Bank Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • City Union Bank Ltd is one of the leading scheduled commercial banks in the private sector with major presence in urban, semi-urban and rural centers in South India. The Bank operates in four segments, namely Treasury, Retail Banking, Corporate Banking and Other banking operations. Their products include savings accounts, current accounts, fixed deposits, cash certificates, VIP deposit, Flexifix deposits, CUB Smart deposits and tax saver gold deposit account. The Bank`s services include automated teller machine (ATM) services, mail transfer, demand draft, phone transfer, standing instructions and nomination facility. The main focus of the bank is lending to MSME, Retail/Wholesale Trade with granular asset profile including providing short term and long term loans to agricultural sector. Presently, the Bank has a network of 752 branches of which 669 branches are in Southern States which constitutes around 89% of the total branch network and 83 branches in other states. It has 519 branches in the State of Tamil Nadu constituting about 69% of its total branch network City Union Bank Ltd was incorporated as a limited company on 31 October 1904 with the name, The Kumbakonam Bank Ltd. In 30 January 1930, the first Branch of the Bank was opened at Mannargudi in Tamil Nadu. Thereafter, branches were opened at Nagapattinam, Sannanallur, Ayyampet, Tirukattupalli, Tiruvarur, Manapparai, Mayuram and Porayawithin oenty five years. In the year 1957, the Bank took over the assets and liabilities of the Common Wealth Bank Ltd and as a result five branches, namely Aduthurai, Kodavasal, Valangaiman, Jayankondacholopuram and Ariyalur were added to the Bank. In April 1965, two other local banks, namely The City Forward Bank Ltd and The Union Bank Ltd were amalgamated with the Bank under a scheme of amalgamation with the resultant addition of six more branches, namely Kumbakonam-Town, Nannilam, Koradacherry, Tiruvidaimarudur, Tirupanandal and Kuttalam. Consequently, the name of the Bank was changed to The Kumbakonam City Union Bank Ltd. In November 1965, the Bank`s first branch at Chennai was opened at Thiyagaraya Nagar. During the year 1968-1973, the Bank opened their branches at Eravancheri, Sembanarkoil, Tiruchirapalli, Madurai, Thanjavur, Dindigul, Keelapalur, Tirumakkottai, Kottur, Tiruvarur Town and Coimbatore. In the next three years, they opened the branches at Periyakulam, Mandaveli (Cehnnai), Pattukkottai, Triplicane (Chennai), Cuddalore, Pudukkottai, Chidambaram and Salem. During the period 1977-1979, the bank opened ten more branches including those at George Town (Madras), Mount Road (Madras), Tirunelveli and Karaikudi. In September 1980, the first branch outside the state of Tamilnadu was opened at Sultanpet in Bangalore. They also opened the branches at the twin cities Hyderabad and Secunderabad in Andhra Pradesh. In tune with the national image attached to the Bank, the Bank`s name was changed to City Union Bank Ltd with effecfrom December 1987. Taking into account the bank`s financial strength, managerial competence and consistent progress in all spheres of their activities, Reserve Bank of India granted an Authorised Dealers License to deal in Foreign Exchange business with effect from October 1990. During the year 2000-01, the Bank set up an integrated Treasury Department at Chennai to ensure better management of funds. Also, they set up Credit Risk Management Department and Loan Review Department to evaluate and mitigate the risks associated with the operations of the bank. During the year 2001-02, they further strengthened credit rating systems by introducing entry level rating, pricing of loans based on rating of the borrowers. They expanded their network by opening branches at Tambaram, Tiruvanmiyur(Chennai), Tumkur(Karnataka) and Rajamundhry(Andhra). During the year 2002-03, the Bank expanded their network by opening branches at Fort (Mumbai), Thrissur (Kerala), Kakinada and Tenali (Andhra), Palghat (Kerala). Also, they entered into a MoU with Life Insurance Corporation of India and National Insurance Co Ltd for selling insurance products. During the year 2003-04, the Bank opened their new branches at Bhimavaram (Andhra Pradesh), Kovilpatti, Oppanakara Street (Coimbatore), Ashok Nagar (Chennai), Ameerpet (Andhra Pradesh). They obtained licence from Insurance Regulatory Authority of India (IRDA) to act as Corporate Agents in the composite insurance business. Also, they ntered into a franchise agreement for the Money Transfer Service Scheme of Western Union Financial Services Inc, USA with their agents in India AFL Pvt Ltd. During the year 2005-06, the Bank opened their new branches at Udumalpet (Tamil Nadu), Indira Nagar (Bangalore), Cuddapah & Kurnool (Andhra Pradesh), Vashi (Mumbai), Tiruchengodu (Tamil Nadu), Vijayawada II & Guntur II (Andhra Pradesh). Also they installed 23 more ATMs at various branches. The Bank obtained licence to function as Depository Participant under National Securities Depository Ltd. During the year 2006-07, the Bank expanded their network by opening branches at Kannur (Kerala), Hosur (Tamil Nadu), Jayanagar-Bangalore, Mysore (Karnataka), Chrompet, Madipakkam, Thoraipakkam and Trichy Cantonment (Tamil Nadu), Kottayam (Kerala), Malkajgiri, Srikakulam and Machilipatnam(Andhra Pradesh), Kangayam, Rasipuram, Tirukoilur, Dharapuram, Sattur, Krishnagiri and Paramakudi (Tamil Nadu). Also, they installed 25 more ATMs in various branches during the year. During the year 2007-08, the Bank opened new branches at Belgaum, Hubli, Mangalore, Davengere (Karnataka) Prodattur, Warrangal (Andhra Pradesh), Gandhi Nagar, Kumbakonam (Tamil Nadu), Tiruvannamalai (Tamil Nadu), Sivaganga (Tamil Nadu), Nandyal (Andhra Pradesh), Ramanathapuram (Tamil Nadu), Thane (Maharashtra), Ichalkaranji & Nagpur (Maharashtra), Anantapur (Andhra Pradesh), Dharmavaram (Andhra Pradesh), Rajkot (Gujarat), Nashik (Maharashtra) and Devakottai (Tamil Nadu). Also, they installed 24 more ATMs in various branches during the year. During the year 2008-09, the Bank expanded their network by opening branches at KK Nagar (Chennai), Maraimalai Nagar (Tamil Nadu), Chengalpet (Tamil Nadu), Fair Lands (Salem), Ellampillai (Salem), Nadukkadai (Thanjavur) Pallipalayam (Namakkal), R S Puram (Coimbatore), Perambalur (Tamil Nadu), Kolkatta (West Bengal), Ramanagara (Karnataka), Anna Nagar, Madurai (Tamil Nadu), Kelambakkam (Tamil Nadu), Nachiar Koil (Tamil Nadu), Rajaji Nagar (Bangalore - Karnataka), Kollam (Tamil Nadu), Madhurapuri (Tamil Nadu), Sirkazhi (Tamil Nadu), Banashankari (Karnataka), Hindupur (Andhra Pradesh), Thindal (Tamil Nadu), Kukatpally, Hyderabad and Dilsukhnagar, Hyderabad. In 2009, the bank came out with a rights issue of equity shares in the ratio of 1:4 to reward the existing shareholders. In 2012, the bank came out with a rights issue of equity shares in the ratio of 1:4 to reward the existing shareholders and employees under `Employee Reservation Scheme`. In 2014, City Union Bank raised Rs 350 crore in equity capital through QIP route. The Board of Directors of the bank at its meeting held on 29 May 2017 recommended issue of bonus shares in the ratio of 1:10 i.e. one equity share of Re.1 each for every ten fully paid up equity shares held as on the record date, subject to the approval of the shareholders of the bank. On 18 February 2018, City Union Bank informed the stock exchanges of international cyber attack on the bank`s SWIFT payment system. The bank said that during its reconciliation process on 07 February 2018, it was found that three fraudulent transactions were initiated by the cyber criminals gaining access into the bank`s system illegally. The bank immediately alerted the Correspondent banks to recall the funds. With its tight reconciliation systems, the bank could catch the cyber attack in three attempts. The bank said its SWIFT payment system is back to normal after ensuring adequate enhanced security in place. During the FY2018, the Bank`s total deposits increased by Rs 2,737 crore from Rs 30,116 crore to Rs 32,853 crore registering a growth of 9% over previous year. The Gross Advances of the Bank increased by Rs 4,127 crore to Rs 28,239 crore from Rs 24,112 crore, posting a growth of 17%. The yield on advances declined to 11.46% from 12.10% during the financial year due to stiff competition among Banks. During May 2018, the Board of Directors of the Bank recommended the issue of 1 bonus equity share for every 10 equity shares of face value of Re 1/- each (1:10) already held by the shareholders on a record date subject to shareholders` approval by Postal Ballot and subsequently the bank has allotted 6,65,35,268 bonus equity shares. During the FY2018, the Bank had expanded its branch network by adding 50 more branches and 141 ATM`s across the country totalling 600 branches and 1,621 ATM`s as on 31 March 2018. During the FY2019, the Bank`s total deposits increased by Rs 5,595 crore from Rs 32,853 crore to Rs 38,448 crore registering a growth of 17% over previous year. The Gross Advances of the Bank increased by Rs 4,826 crore to Rs 33,065 crore from Rs 28,239 crore, posting a growth of 17%. The yield on advances declined to 10.95% from 11.46% during the reporting year due to stiff competition among Banks. During the FY2019, the Bank has opened 50 additional branches to total 650 branches and has 1,685 ATM`s as on 31 March 2019. The Bank started the marketing and distribution of Health Insurance and Mutual Fund products in tie up with Star Health and Allied Insurance Co. Ltd., for distribution of Health Insurance products, Integrated Enterprises India Ltd., for distribution of Mutual Fund products through online platform, BSE Star Mutual Fund to offer Mutual Fund products through web based platform and branch network and Finwizard Technology Pvt. Ltd. (widely known as FISDOM) to offer Mobile based Mutual Fund Investment solution. During the FY 2020, the Bank has opened 50 additional branches to total 700 branches and has 1,793 ATMs as at 31st March 2020. During the FY 2021, the Bank has opened 2 branches to total 702 branches and has 1,724 ATMs as at 31st March 2021. During the year 2022, the Bank opened 25 additional branches to total 727 branches and has 1,732 ATM`s as at 31st March 2022. During the year 2023, the Bank opened 25 additional branches to total 752 branches and has 1,678 ATM`s as at 31st March 2023. During the reporting year 2022-23, the Bank opened 171 ATMs / BRMs, replaced 127 old ATMs / BRMs with new ones

Registered Address

No 149 T S R (Big) Street, , Kumbakonam, Tamil Nadu, 612001

Tel : 91-435-2402322/2401622/2402412
Email : shares:cityunionbank.com
Website : http://www.cityunionbank.com

Karvy Computershare Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 532210
NSE Code : CUB
Book Closure Date (Month) :
BSE Group : A
ISIN : INE491A01021

FAQ’s on City Union Bank Ltd Shares

You can buy City Union Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy City Union Bank Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Sep 26, 2023 03:57 PM the closing price of City Union Bank Ltd was ₹ 128.75.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Sep 26, 2023 03:57 PM, the market cap of City Union Bank Ltd stood at ₹ 9,532.86.

The latest PE ratio of City Union Bank Ltd as of Sep 26, 2023 03:57 PM is 10.15

The latest PB ratio of City Union Bank Ltd as of Sep 26, 2023 03:57 PM is 0.78

The 52-week high of City Union Bank Ltd is ₹ 205.00 while the 52-week low is ₹ 119.50

According to analyst recommendations, City Union Bank Ltd has a “Buy” rating for the long term.

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