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CUB — City Union Bank News Story

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India's City Union Bank sees best day in 3 months on Q2 profit surge

BUZZ-India's City Union Bank sees best day in 3 months on Q2 profit surge

- ** Shares of City Union Bank CTBK.NS rise 6.5% to 226.9 rupees, their steepest climb since July 28

** Lender's Q2 net profit and interest earned both surge ~27% Y/Y

** Gross non-performing assets ratio improves to 1.44% from 2.42% a year ago

** Stock rated "buy" on avg by 25 analysts; median PT 260 rupees - data compiled by LSEG

** Stock flat YTD


(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com;))

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