City Union Bank Ltd Share Price – NSE  /  BSE

Banks, Small Cap

City Union Bank Ltd is up for a fifth straight session today. The stock is quoting at Rs 149.35, up 1.14% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.34% on the day, quoting at 23337.55. The Sensex is at 76691.49, up 0.26%. City Union Bank Ltd has slipped around 0.53% in last one month.

Meanwhile, Nifty Private Bank index of which City Union Bank Ltd is a constituent, has slipped around 3.97% in last one month and is currently quoting at 24684.9, up 0.04% on the day. The volume in the stock stood at 25.79 lakh shares today, compared to the daily average of 37.85 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 149.55, up 1.18% on the day. City Union Bank Ltd is up 20.01% in last one year as compared to a 25.46% jump in NIFTY and a 9.96% jump in the Nifty Private Bank index.

The PE of the stock is 10.77 based on TTM earnings ending March 24.

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City Union Bank Ltd rose for a third straight session today. The stock is quoting at Rs 147.7, up 1.51% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.78% on the day, quoting at 23226.9. The Sensex is at 76478.93, up 1.87%. City Union Bank Ltd has dropped around 3.59% in last one month.

Meanwhile, Nifty Private Bank index of which City Union Bank Ltd is a constituent, has dropped around 3.92% in last one month and is currently quoting at 24456.25, up 1.34% on the day. The volume in the stock stood at 15.46 lakh shares today, compared to the daily average of 36.63 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 148.1, up 1.47% on the day. City Union Bank Ltd is up 17.69% in last one year as compared to a 24.64% gain in NIFTY and a 10.57% gain in the Nifty Private Bank index.

The PE of the stock is 10.59 based on TTM earnings ending March 24.

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City Union Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 146.95, up 2.69% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 3.01% on the day, quoting at 23209. The Sensex is at 76202.69, up 3.03%. City Union Bank Ltd has dropped around 8.04% in last one month.

Meanwhile, Nifty Private Bank index of which City Union Bank Ltd is a constituent, has dropped around 2.13% in last one month and is currently quoting at 24224.1, up 2.87% on the day. The volume in the stock stood at 26.93 lakh shares today, compared to the daily average of 33.12 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 147.85, up 2.46% on the day. City Union Bank Ltd is up 17.23% in last one year as compared to a 24.82% spurt in NIFTY and a 10.7% spurt in the Nifty Private Bank index.

The PE of the stock is 10.43 based on TTM earnings ending March 24.

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Profit before tax (PBT) increased 23.94% year on year (YoY) to Rs 319.82 crore in the quarter ended 31 March 2024.

Net interest income (NII) grew by 6% to Rs 546.58 crore in March 2024 quarter as compared to Rs 514.26 crore in Q4 FY23. For Q4 FY24, NIM was at 3.66% as against 3.65% in the corresponding period last year.

The bank's operating profit before provisions and contingencies declined 15.64% to Rs 351.82 crore in March 2024 quarter as compared to Rs 417.04 crore recorded in Q4 FY23.

On full year basis, the private bank's net profit increased 8.35% to Rs 1,015.73 crore on 8.82% rise in total income to Rs 6,012.22 crore in FY24 over FY23.

The bank made a provision of Rs 327 crore as of 31 March 2024 as against Rs 690 crore in the corresponding period last year. Provision coverage ratio (PCR) stood at 72% as of 31 March 2023 as against 69% in last year.

On asset quality front, the gross non performing assets (GNPA) was Rs 1,854.43 crore as of 31 March 2024 as against Rs 1,920.16 crore as on 31 March 2023. The ratio of gross NPA stood at 3.99% as of March 2024 as compared to 4.37% as on March 2023. The ratio of net NPA stood at 1.97% as of March 2024 as compared with 2.36% as of March 2023.

Total deposits of the bank increased 6% for FY24 to Rs 556,566 crore from Rs 523,979 crore recorded in the corresponding quarter previous year. CASA rose to Rs 170,502 crore in FY24 as against Rs 156,569 crore reported in FY23.

Total advances increased by 6% for the financial year ended March 2024 to Rs 464,815 crore from Rs 439,708 crore in FY22. Credit deposit ratio stood at 84%.

The bank's capital adequacy as on 31 March 2023 as per Reserve Bank of India (RBI) guidelines on Basel III norms was 22.34% and Tier-1 capital adequacy was 21.80%, well above regulatory requirements.

Meanwhile, the board recommended dividend of Rs 1.50 per equity share for the financial year ended 31 March 2024, subject to shareholder's approval.

City Union Bank offers a wide range of banking and financial services across India, including both domestic and International banking services. It is a private sector bank with 752 branches across 16 states and three Union territories.

The scrip shed 4.96% to end at Rs 145.50 on the BSE.

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