City Union Bank Ltd., incorporated in the year 1904, is a banking company (having a market cap of Rs 13317.06 Crore).
Financials
The Bank reported a Gross Non Performing Assets (Gross NPAs) of Rs 1220.58 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 631.44 Crore (.00% of total assets). For the quarter ended 30-09-2020, the company reported a Standalone Interest Income of Rs 898.82 Crore, up .74 % from last quarter Interest Income of Rs 892.18 Crore and up 4.30 % from last year same quarter Interest Income of Rs 861.76 Crore. The bank reported net profit after tax of Rs 157.67 Crore in latest quarter.
Investment Rationale
With overall improvement in SMEs and better quality asset profile, credit cost provides a room for positive surprise but RoA improvement to 1.5% would be prolonged.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of June 30, 2020, while FIIs held 21.7 per cent, DIIs 30.1 per cent and public and others 48.3 per cent.
