City Union Bank is all set to achieve double-digit loan growth and a comprehensive digital transformation soon. The bank plans to extend its digital lending processes to all branches by the end of this year, a move that aligns with its strategic growth objectives.In a conversation with CNBC-TV18, N Kamakodi, the Managing Director and CEO of City Union Bank emphasised the bank’s focus on asset quality over profitability, especially in the post-COVID era.”During the COVID period, we deliberately scaled back our growth initiatives and concentrated on rectifying asset quality concerns. Our emphasis was primarily on gold loans and loans under the Emergency Credit Line Guarantee Scheme…
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Category: City Union Bank
City Union Bank share price Today Live Updates : City Union Bank closed
City Union Bank Stock Price TodayCity Union Bank Share Price Today : City Union Bank had an opening price of ₹139.05 and a closing price of ₹139.3 on the last day. The stock reached a high of ₹140.65 and a low of ₹136.85 during the day. The market capitalization of the bank is ₹10,343.03 crore. The 52-week high for the stock is ₹167.65 and the 52-week low is ₹119.5. The BSE volume for the day was 215,353 shares.Disclaimer: This is an AI-generated live blog and has not been edited by MintGenie staff.
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City Union Bank share price Today Live Updates : City Union Bank closed
City Union Bank Stock Price TodayCity Union Bank Share Price Today : On the last day, City Union Bank opened at ₹145 and closed at ₹144.1. The stock had a high of ₹145.3 and a low of ₹138.8. The market capitalization of the bank is ₹10,331.92 crores. The 52-week high for the stock is ₹167.65 and the 52-week low is ₹119.5. The BSE volume for the stock was 121,093 shares.Disclaimer: This is an AI-generated live blog and has not been edited by MintGenie staff.
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City Union Bank’s Stocks Surge as Investors Show Confidence
25 Jan 2024, 01:05:36 PM ISTCity Union Bank share price update :City Union Bank trading at ₹141.25, up 1.15% from yesterday’s ₹139.65 The current stock price of City Union Bank is ₹141.25. It has experienced a percent change of 1.15, indicating a slight increase in value. The net change is 1.6, which represents the actual increase in the stock price.
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IDBI, ICICI, City Union, and Axis Bank Stocks Post Gains on BSE
MUMBAI – Shares of leading Indian banks IDBI Bank (NS:), ICICI Bank (NS:), City Union Bank (NS:), and Axis Bank (NS:) showed positive momentum in Wednesday’s trading session on the Bombay Stock Exchange (BSE). Amidst ongoing market promotions, all four banks ended the day with gains and offered customers incentives like ad-lite usage and premium app access.IDBI Bank’s shares witnessed a slight increase of 0.61%, closing at ₹61.89. The stock oscillated between a high of ₹62.6 and a low of ₹61.75 throughout the day, with a post-close price of ₹62.27. The bank’s market valuation stood at ₹66,955.21 crore, with a BSE volume of 248,038 shares exchanged.Following suit, ICICI…
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City Union Bank stock target: Fundamental Radar: 7 factors that make City Union Bank a good bet in the banking pack
SynopsisDespite being a smaller sized bank and having a concentrated presence in south India, City Union Bank has all the features of a large private bank, believes Sandeep Raina of Nuvama Professional Clients Group. This reflects in its robust performance metrics across NIMs, cost-income ratio, credit cost, PPoP-Assets and return ratios.3 mins read, Nov 24, 2023, 10:11:42 AM ISTMUMBAI – City Union Bank has been one the fastest growing small-sized banks in India with a rare status of being one of the most consistent in terms of growth and operating metrics. The bank delivered steady and superior return ratios and controlled its delinquencies till FY19. However, events such as…
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‘City Union Bank plans to raise lending rates’ – Banking & Finance News
Following the hike in risk weights by the regulator, City Union Bank proposes to raise lending rates by about 2-3%. Managing director and CEO N Kamakodi tells Piyush Shukla that this would be necessary to ensure that the return on equity is higher than the cost of capital. Excerpts:
What impact do you see on CRAR due to RBI’s hike in risk weights?
We have always focused on secured lending, and not on unsecured lending. We just started a very small portfolio in terms of lending to NBFCs. We had never been very active in corporate banking in the past. So, our focus has been on MSMEs, commercial trading, agriculture and gold loan. These segments form 70%-80% of our overall loan…
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City Union Bank Stocks Plummet as Investors React Negatively
The current stock price of City Union Bank is ₹138.25. It has experienced a percent change of -0.75, indicating a decrease in value. The net change is -1.05, meaning the stock has declined by this amount. Overall, the stock price of City Union Bank has decreased in value.
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City Union Bank share price Today Live Updates : City Union Bank closed
14 Dec 2023, 01:42:28 PM ISTCity Union Bank share price update :City Union Bank trading at ₹159.8, up 0.85% from yesterday’s ₹158.45 The stock price of City Union Bank is currently trading at ₹159.8, which represents a net change of 1.35 and a percentage change of 0.85. This means that the stock has increased by 0.85% from its previous closing price.
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City Union Bank share price Today Live Updates : City Union Bank closed
City Union Bank Stock Price TodayCity Union Bank Share Price Today : On the last day, the open price of City Union Bank was ₹145 and the close price was ₹144.1. The stock had a high of ₹145.3 and a low of ₹143.15. The market capitalization of the bank is currently ₹10,672.62 crore. The 52-week high for the stock is ₹167.65 and the 52-week low is ₹119.5. On the BSE, a total of 12,426 shares were traded.Disclaimer: This is an AI-generated live blog and has not been edited by MintGenie staff.
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