CITY UNION BANK LTD. - 532210 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation of Loss of Share Certificates by the shareholders on February 21, 202321-02-2023
21-02-2023
Should you worry about Dec results muting CUB roar?
With fundamentals getting challenged, Q3 results have changed the outlook on the stock18-02-2023
CITY UNION BANK LTD. - 532210 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of Analyst meet -Chasing Growth 2023 arranged by Kotak Institutional Equities on Feb 20, 2023 at Mumbai18-02-2023
CITY UNION BANK LTD. - 532210 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Intimation regarding hosting of Earnings Call Transcript Q3 FY 2023 in the website of the Bank.17-02-2023
After a rough Q3, City Union Bank's path remains uncertain
City Union Bank's management expects the slippages to stay elevated in the coming quarters and has revised its full-year FY23 slippage guidance to 2.5-2.8% versus 2.25-2.5% earlier.16-02-2023
CITY UNION BANK LTD. - 532210 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation of Loss of Share Certificates14-02-2023
CITY UNION BANK LTD. - 532210 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Advertisement on Q3FY2313-02-2023
City Union Bank shares crash 13.5% after Q3 earnings dip on quarterly basis
According to analysts, CUB's results had several areas of weakness this quarter13-02-2023
Q3FY23 Quarterly Result Announced for City Union Bank Ltd.
City Union Bank announced Q3FY23 results: Q3FY23 & 9MFY23: Net Interest Income: The Bank earned net interest income of Rs 556 crore for Q3FY23 as against Rs 490 crore in Q3FY22 with a growth rate of 13%. For 9MFY23, the NII stood at Rs 1,649 crore as against Rs 1,416 crore for the corresponding period last year. Non-Interest Income: Non-Interest income of the bank for Q3FY23 was at Rs 224 crore as against Rs 160 crore for Q2FY22 registering a growth of 40%. For 9MFY23 it stood at Rs 615 crore as against Rs 556 crore for the corresponding period last year. Operating Expenses: The operating expense is Rs 283 crore for Q3FY23 as against Rs 280 crore in Q3FY22. For 9MFY23, the operating expenses were at Rs 863 crore as against Rs 816 crore for the corresponding period last year. Operating Profit: The gross profit had grown by 35% in Q3FY23, and was at Rs 497 crore as against Rs 370 crore in Q3FY22. For 9MFY23 it had grown by 21% and stood at Rs 1,401 crore as against Rs 1,155 crore for the same period as compared to the last year. Provisions: The bank made a provision of Rs 682 crore as of 31.12.2022. The total provision towards bad and doubtful debts is Rs 515 crore in 9MFY23 as against Rs 439 crore in the corresponding period last year. Net Profit: The bank’s profit after tax had grown by 11% in Q3FY23 and was at Rs 218 crore as against Rs 196 crore in Q3FY22. For 9MFY23, PAT was Rs 719 crore as against Rs 551 crore in the corresponding period last year. Deposits: Total deposits of the bank increased by 7% for 9MFY23 to Rs 49,997 crore from Rs 46,722 crore for the same period as compared to last year. CASA increased by 5% from Rs 13,918 crore to Rs 14,606 crore (YoY). CASA portion stood at 29% to total deposits. Cost of deposits decreased to 4.52% in 9MFY23 from 4.72% in 9MFY22 Advances: Total advances increased by 12% for 9MFY23 to Rs 43,009 crore from Rs 38,387 crore in 9MFY22. Credit Deposit ratio stood at 86%. The yield on advances is at 9.20% in 9MFY23. Asset Quality: The Gross NPA as on December 31, 2023 was reduced to 4.62% from 5.21% in 9MFY22 and net NPA was decreased to 2.67% from 3.44%. The provision coverage ratio as of 31.12.2022 was at 67%. Net Interest Margin: Net interest margin is at 3.97% for the 9MFY23. Return on Assets: Return on assets for 9MFY23 is 1.51% as against 1.32% for the same period of last year. Return on Equity: Return on equity was at 13.90% in 9MFY23 as compared to 12.06% in 9MFY22. Cost to Income Ratio: Cost to Income Ratio (CIR) reduced to 38.12% in 9MFY23 from 41.41% for the corresponding period last year. CIR for Q3FY23 stood at 36.24% against 43.13% in Q3FY22. Capital Adequacy: The Bank’s capital adequacy as of 9MFY23 as per Reserve Bank of India (RBI) guidelines on Basel III norms is 20.47% and Tier-1 capital adequacy was 19.39%, well above regulatory requirements. Technology Update:- A facility for online remittance for income tax & GST has been enabled for customers. Result PDF13-02-2023
CITY UNION BANK LTD. - 532210 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Outcome of Analyst Conference Call -3QFY2312-02-2023