Why did Anil Singhvi give buy advice on City Union Bank Fut? Know what are triggers, targets and stoploss?Make the best earning strategy in #AajKe2000 with Anil Singhvi…
Updated on: July 21, 2023, 12.15 PM IST
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Category: City Union Bank
RBI imposes fines on SBI, Canara Bank, and City Union Bank for regulatory breaches
The Reserve Bank of India (RBI) on Monday (February 26) took action against the State Bank of India (SBI), City Union Bank and Canara Bank for regulatory violations.The country’s largest lender SBI was fined ₹2 crore for failing to comply with provisions of the Banking Regulation Act. An inspection by RBI revealed that SBI held shares as a pledgee, exceeding 30% of the paid-up share capital of certain companies.Additionally, it failed to credit the eligible amount to the Depositor Education and Awareness Fund within the mandated period. The monetary penalty was imposed based on the RBI’s powers vested in the Banking Regulation Act, of 1949.Another state-owned Canara Bank faced a…
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City Union Bank Stock Tumbles After RBI Restricts Operations
Shares of Kotak Mahindra Bank on Thursday tanked nearly 12 per cent after the RBI barred the firm from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards with immediate effect.The stock plummeted 10.85 per cent to settle at Rs 1,643 apiece on the BSE. During the day, it plunged 12.10 per cent to its 52-week low of Rs 1,620.On the NSE, it declined 10.73 per cent to Rs 1,645 per share. During the day, the stock tumbled 13 per cent to the 52-week low of Rs 1,602.The company’s market capitalisation (mcap) eroded by Rs 39,768.36 crore to Rs 3,26,615.40 crore.The stock emerged as the biggest laggard on both the BSE Sensex and NSE Nifty.In…
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City Union Bank Limited (NSE:CUB) institutional owners may be pleased with recent gains after 23% loss over the past year
Key Insights Given the large stake in the stock by institutions, City Union Bank’s stock price might be vulnerable to their trading decisions The top 25 shareholders own 51% of the company Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock If you want to know who really controls City Union Bank Limited (NSE:CUB), then you’ll have to look at the makeup of its share registry. We can see that institutions own the lion’s share in the company with 55% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Institutional investors would probably welcome…
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City Union Bank dips 10%, nears 52-week low on disappointing Q4 results | News on Markets
Though the management has guided for credit growth of 12-15 per cent, there will be near term pressure on NIMs and earnings, ICICI Securities saidSI Reporter Mumbai Shares of City Union Bank dipped 10 per cent to Rs 126 on the BSE in Monday’s intra-day trade amid heavy volumes after the bank reported a disappointing set of numbers for the quarter ended March 2023 (Q4FY23). The stock of the private sector lender was quoting close to its 52-week low level of Rs 120.45, touched on March 29, 2023. Click here to follow our WhatsApp channel At 01:29 PM, City Union Bank was quoting 9 per cent lower at Rs 126.60, as compared to 0.63 per cent rise in the S&P BSE Sensex. Average trading volumes…
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5 Most Affordable Home Loans in India: Compare SBI, PNB and Canara Bank rates here ,Personal Finance News, Business News
A home loan makes your journey of owning a home easy. Since home loans are high amount, a majority of people don’t have the capacity of buying a home in one-go. They depend on home loans of durations 20 years and above. Banks, public as well private, and housing finance companies offer home loans at different interest rates. Lenders have categorised loans broadly in three categories- up to Rs 30 lakh, above Rs 30 lakh and up to 75 lakh, above Rs 75 lakh. Know which banks are offering the cheapest home loans (Data taken from paisabazaar.com).
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SpiceJet clears Rs 100-crore City Union Bank debt, stock gains
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Domestic airline SpiceJet has settled its Rs 100 crore payment to City Union Bank. The last tranche of Rs 25 crore was paid on June 30, 2023, the low-cost airline informed the exchanges on July 3.
This “successfully closes the entire loan account which was taken in 2012. The repayment of the loan amount releases all securities that had been pledged with the bank,” the statement added.
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The repayment to City Union follows an agreement with Nordic Aviation…
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City Union Bank (NSE:CUB) Is Paying Out A Dividend Of ₹1.00
City Union Bank Limited’s (NSE:CUB) investors are due to receive a payment of ₹1.00 per share on 22nd of September. The dividend yield is 0.8% based on this payment, which is a little bit low compared to the other companies in the industry. View our latest analysis for City Union Bank City Union Bank’s Payment Expected To Have Solid Earnings Coverage The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. City Union Bank has established itself as a dividend paying company with over 10 years history of distributing earnings to shareholders. While past records don’t necessarily translate into…
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City Union Bank explores co-lending in gold, vehicle & housing loans, in talks with gold loan cos, NBFCs – Banking & Finance News
Private sector lender City Union Bank (CUB) is comtemplating entering into co-lending activities in gold, vehicle and housing loan products, in collaboration with gold loan firms and other NBFCs.
The bank has initiated preliminary discussions with gold loan companies whose main areas of operation is predominantly non-Tamil Nadu and a few of the NBFCs based in Tamil Nadu where the bulk of the lending is happening on the vehicle front.
N Kamakodi, MD & CEO of CUB, speaking at an earnings call, said that the bank has kick-started the first-level interactions on the new initiatives. “What we are basically looking forward is the co-lending opportunities in the secured advances….
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City Union Bank – Buy | Buying range: Rs 160 | Stop loss: Rs 150 | Target: Rs 185 – Technical picks: Deepak Nitrite … – The Economic Times
City Union Bank – Buy | Buying range: Rs 160 | Stop loss: Rs 150 | Target: Rs 185 – Technical picks: Deepak Nitrite … The Economic Times
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