India's City Union Bank rises on higher quarterly profit

City Union Bank

03/02/2026 05:01

**India's City Union Bank CTBK.NS jumps 7.5% to 307 rupees

**Co's Q3 net profit rises 16.1% to 3.32 billion rupees ($36.76 million); interest earned increases 18% to 17.56 billion rupees

**Emkay Global ("Buy"; PT: 350 rupees) says that going ahead, the bank said it expects to sustain high growth, led by MSME/secured retail loans, including gold, and anticipates margins to be largely stable, aided by the full impact of the cash reserve ratio cut

**ICICI Direct Research says healthy loan growth, alongside sharp margin expansion and sustained improvement in asset quality supported overall quarterly performance

**YTD, stock up 5.5%

($1 = 90.3060 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

((Mridula.Kumar@thomsonreuters.com;))