India's City Union Bank quarterly loan growth helped margin recovery, say analysts
29/10/2026 07:14
BUZZ-India's City Union Bank quarterly loan growth helped margin recovery, say analysts ** Shares of City Union Bank CTBK.NS rise 4.5% to 225.28 rupees
** Co's credit growth, up ~27% yoy, coupled with steady loan yields, stable cost of funds helped recover margin sequentially, with profit after tax rise and RoA at ~1.6%, says Emkay ("buy", TP: 300 rupees)
** Macquarie ("outperform", TP: 265 rupees) says risk-reward of stock remains attractive, supported by sustained loan growth and an RoA profile above 1.5%
** Quarterly profit jumped 26.4% y/y to 4.16 billion rupees ($43.69 million)
** 25 analysts on average rate the stock "buy", median TP at 260 rupees
** YTD, shares up 3.63%
($1 = 95.2200 Indian rupees)
(Reporting by Saikeerthi in Bengaluru)
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