India's City Union Bank scales 2-month peak on higher quarterly profit

City Union Bank

28/04/2026 04:59

**India's City Union Bank CTBK.NS jumps as much as 8.2% to its highest in two months at 293.51 rupees

** Co's Q4 net profit rises 45% to 3.59 billion Indian rupees ($38.03 million); interest earned increases 21% to 18.56 billion rupees

** Emkay Global ("Buy"; PT: 350 rupees) says going ahead, the bank expects to sustain high growth, led by MSME and secured retail loans, including gold, while margins are expected to be largely stable

** BOB Capital hikes PT to 340 rupees from 330 rupees, saying CTBK's strong capital position, above-system credit growth, and improving AQ metrics resulted in a steady return profile

**YTD, stock down 2.9%

($1 = 94.3900 Indian rupees)

(Reporting by Brijesh Patel in Bengaluru)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))