In order to justify the effort of selecting individual stocks, it’s worth striving to beat the returns from a market index fund. But the main game is to find enough winners to more than offset the losers So we wouldn’t blame long term City Union Bank Limited (NSE:CUB) shareholders for doubting their decision to hold, with the stock down 33% over a half decade. On the other hand the share price has bounced 6.5% over the last week. While the stock has risen 6.5% in the past week but long term shareholders are still in the red, let’s see what the fundamentals can tell us. Check out our latest analysis for City Union Bank There is no denying that markets are sometimes…
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Category: City Union Bank
RBI penalises SBI, Canara Bank, City Union Bank for flouting norms | Banking
The Reserve Bank of India (RBI) on Monday imposed a monetary penalty on State Bank of India (SBI), Canara Bank, and City Union Bank for violation of various norms.
The largest lender, SBI, was penalised with Rs 2 crore for holding shares as pledgee of an amount over 30 per cent of the paid-up share capital of certain companies and for failing to credit an eligible amount to the Depositor Education and Awareness Fund within the period prescribed in the Banking Regulation Act (BR Act).
In the case of Canara Bank, RBI found that the lender failed to correct rejected data and upload the same with Credit Information Companies (CICs) within seven days of receipt of such rejection…
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City Union Bank Q3 – Improving Turnaround Time; Re-Rating Dependent On Pickup In Growth Ahead: Nirmal Bang – NDTV Profit
City Union Bank Q3 – Improving Turnaround Time; Re-Rating Dependent On Pickup In Growth Ahead: Nirmal Bang NDTV Profit
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City Union Bank Outlook for the Week (March 25, 2024 – March 29, 2024)
RBI fines SBI, Canara, City Union banks for violations – The Times of India
RBI fines SBI, Canara, City Union banks for violations The Times of India
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City Union Bank Ltd spurts 2.7% | Capital Market News
City Union Bank Ltd is quoting at Rs 136.8, up 2.7% on the day as on 12:49 IST on the NSE. The stock is up 7.04% in last one year as compared to a 29.37% spurt in NIFTY and a 16.49% spurt in the Nifty Private Bank index.City Union Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 136.8, up 2.7% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.36% on the day, quoting at 22091.6. The Sensex is at 72819.71, up 0.25%. City Union Bank Ltd has risen around 1.18% in last one month. Click here to follow our WhatsApp channelMeanwhile, Nifty Private Bank index of which City Union Bank Ltd is a constituent, has risen around 0.17% in last one…
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Bank Fraud: Four Arrested in ₹7 Crore Bank Fraud Case in Chennai | Chennai News
Chennai: Four people two siblings and their wives were arrested by the Central Crime Branch (CCB) of the city police on charges defrauding a bank by obtaining a 7 crore loan using forged property documents.Police identified the suspects as V Vinod Sharma, 47, his brother, V Vivek Sharma, 41, and their wives, Sharmila Sharma, 42, and Sapna Sharma, 36. All were produced before a magistrate and remanded in judicial custody.City police initiated investigations based on a complaint from the manager of City Union Bank. The accused run a jewellery shop Kamadhenu at Avadi, police said. The family got a business loan of 7 crore from the bank by submitting forged property documents and failed to…
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Saurabh Mukherjea picks 3 new stocks for HNI investors in his PMS fund
Dalal Street’s top stock picker Saurabh Mukherjea, who handles HNI money worth around Rs 8,500 crore in his PMS firm Marcellus, has picked three new stocks in his portfolio recently – City Union Bank, Tube Investments, and Narayana Hrudayalaya.While adding the smallcap City Union Bank to his financials-focused Kings of Capital Portfolio (KCP) fund, Mukherjea said the stock’s valuations are attractive at 1.1x FY25E P/B.”The bank has a long history of careful underwriting and a never-too-aggressive loan growth strategy. The bank’s strength lies in having a loyal customer base which has been built over generations leading to a stable liability franchise as well as the ability to…
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Four held for bank fraud
The Bank Fraud Investigation Wing of Greater Chennai Police on Monday arrested four persons for cheating by obtaining a business loan by submitting forged documents at City Union Bank. They were arrested following a complaint lodged by Vijayaganesh, bank manager, City Union Bank. The manager alleged that Vishnu Sharma, Samath bhai Sharma and four others are a joint family and they run Kamadhenu jewellery shop at Avadi. They obtained a business loan of ₹7 crore by submitting forged property documents and obtained it. Thereby they cheated the bank without repaying the loan amount. The investigation revealed that they obtained a loan by pledging the property of 3,474 sq.ft of vacant…
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Source: https://www.thehindu.com/news/cities/chennai/four-held-for-bank-fraud/article67969499.ece/amp/
Four of a family held for loan fraud
CHENNAI: Four persons of the same family – two siblings and their wives were arrested by the Central Crime Branch (CCB) of the city police for allegedly defrauding a bank by obtaining Rs 7 crore loan using forged property documents. City Police initiated investigations based on a complaint from the Manager of City Union Bank. The accused runs a jewellery shop- Kamadhenu at Avadi, police said. The family got a business loan of Rs 7 crore from the bank by submitting forged property documents and failed to repay the loan amount. Investigations by the Bank Fraud Investigation Wing (BFIW) revealed that they took a loan by pledging a 3,474 sq.ft of vacant land located at Vilinjambakkam in…
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Source: https://www.dtnext.in/amp/news/city/four-of-a-family-held-for-loan-fraud-775027