1. City Union Bank
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80% Buy

City Union Bank Share Price

CUB

₹159.99-₹2.39 (-1.47%) TodayLast updated on 12 Jul, 2024 | 03:56 PM IST
₹159.63₹164.29
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Company overview

Financial performance

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Market cap

Market Cap Switch₹12,215 Crs

Open

₹162.50

Close

₹162.38

Circuit range

₹178.61 - ₹146.14

Day range

₹159.63 - ₹164.29

Year range

₹120.05 - ₹174.75

Volume

25,74,316

Avg. traded

₹161.74

Revenue (12m)

₹5,271 Crs

City Union Bank

City Union Bank Ltd is a private sector lender mainly focused in southern Indian states. It is headquartered in Kumbakonam, Tamil Nadu, and provides its services through 752 branches and 1,678 ATMs.

The bank was incorporated on 31 October, 1904 as Kumbakonam Bank Limited. In 1930, the first branch of the bank was opened at Mannargudi in Tamil Nadu. Later, the bank expanded its operations with the opening of branches at Nagapattinam, Sannanallur, Ayyampet, Tirukattupalli, Tiruvarur, Manapparai, Mayuram and Porai.

In 1957, the bank took control of the assets and liabilities of CommonWealth Bank Ltd, leading to the addition of five branches. The first branch was inaugurated in 1965 in Chennai.

In April 1965, two local banks, City Forward Bank Limited and Union Bank Limited, were amalgamated with Kumbakonam Bank.

In September 1980 the bank opened its first branch outside Tamil Nadu in Bangalore. The lender also opened branches in Hyderabad, Secunderabad and Andhra Pradesh. In 1987, the name was changed to City Union Bank Limited.

In October 1990, the Reserve Bank of India granted CUB an Authorised Dealers Licence to deal in Foreign Exchange business.

In the financial year 1998, CUB launched its initial public offer (IPO). The market capitalisation of City Union Bank stood at over ₹11,000 crore as of December 30, 2023. CUB share price has decreased by 17.34% in the last three years.

Business operations of CUB

In 2000-01 the Bank set up an integrated Treasury Department at Chennai to manage the funds in an efficient way and in 2002-03 the bank signed a MoU with Life Insurance Corporation of India and National Insurance Co Ltd for selling insurance products.

CUB entered into a franchise agreement in 2004 for the Money Transfer Service Scheme of Western Union Financial Services Inc USA.

Later, the bank received a licence to operate as a depository participant under National Securities Depository Ltd. Between 2006-09, the bank expanded its network by opening branches and ATMs in Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Gujarat and Maharashtra.

Currently, in 2023, the Bank opened 25 additional branches to a total of 752 branches and has 1678 ATMs as of 31st March 2023.

Financial highlights

  • The bank’s revenue increased 14% from ₹4,863.86 in FY22 to ₹5,524.70 in FY23.
  • Net Interest Income (NII) increased 13% year-on-year to ₹2,162.8 crore in FY23 from ₹1,916.49 crore during the previous financial year.
  • The Gross NPA in FY23 decreased to ₹1,920 crore as against ₹1,933 crore in FY22.
  • Net non-performing assets (NPA) decreased to ₹1,018 crore in FY23 as against ₹1,191 crore in FY22.
  • The net interest margin (NIM) decreased in FY23 to 3.89% from 3.98% in FY22.
  • In FY23, total deposits of the bank increased to ₹52,398 crore, up 10% compared to ₹43,971 crore in FY22. Net profit of the bank surged 23% in FY23 to ₹937 compared to ₹760 crore in FY22. The EPS increased from ₹10.29 in FY22 to ₹12.67 in FY23.

City Union Bank Key indicators

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52 week high

₹174.75

52 week low

₹120.05

P/E ratio

11.93

P/B ratio

1.43

ROE

13.35%

ROCE

12.05%

Dividend yield

0.92%

Debt/Equity ratio

0.63

EPS

12.66

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Investment checklist: (3/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

80%

Hold

20%

Sell

0%

This analysis is based on the reviews of 20 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Net Interest Margin (NIM)

3.38%

ROA

1.46%

Credit Deposit

82.17%

ROE

13.35%

Net profit margin

19.89%

EPS

12.66

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City Union Bank Shareholder returns

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1 day

-1.54%

1 week

-6.02%

1 month

+8.64%

3 months

+1.87%

1 year

+25.92%

3 years

+0.58%

5 years

-20.15%

City Union Bank Share Price history

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DayOpenCloseDay’s change
Thu, Jul 11 2024
₹164.92
₹162.38
-1.54%
Wed, Jul 10 2024
₹166.00
₹164.92
-0.44%
Tue, Jul 9 2024
₹165.41
₹165.65
+0.66%
Mon, Jul 8 2024
₹169.20
₹164.57
-3.19%
Fri, Jul 5 2024
₹170.99
₹169.99
-1.62%
Thu, Jul 4 2024
₹170.53
₹172.79
+1.60%
Wed, Jul 3 2024
₹167.00
₹170.07
+2.02%
Tue, Jul 2 2024
₹166.15
₹166.71
+0.39%

Shareholding info

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Promoters (0%)

Mutual Funds (26.92%)

Retail and other (40.99%)

Foreign institutions-FII (26.44%)

Other domestic institutions (5.65%)

Retail and other

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Events

Corporate actions

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  • Dividend • ₹1/share

    Ex date 11 Aug 2023

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  • Dividend • ₹1/share

    Ex date 10 Aug 2022

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  • Dividend • ₹1.5/share

    Ex date

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Frequently asked questions