India's City Union Bank gains on Q4 profit rise, improved assest quality

City Union Bank

05/05/2025 08:29

** Shares of City Union Bank CTBK.NS up 3.6% at 180 rupees
** Private lender on Friday reported 13% rise in Q4 profit, while gross non-performing assets fell to 3.1% from 3.99%

** Emkay Global sayd headline asset quality continues to improve, while deposit growth too was overwhelming at 14% Y/Y

** At least seven analysts raise PT, taking median PT to 210 rupees from 204 rupees a month back; avg rating "strong buy"- LSEG data

** Including session gains, CTBK up 4% YTD

 (Reporting by Sethuraman NR in Bengaluru)

 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net ))