Banking & Financials Sector: Credit Growth Picking Up; Lower Provisions to Drive Earnings
Credit growth picking up; lower provisions to drive earnings We expect strong earnings performance from banks in 4QFY22, driven by: (1) improving...
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City Union Bank: Asset Quality Outlook Stable
City Union Bank (CUB) earnings traction continues on track with a PAT growth of 15.4%/7.7% YoY/QoQ to Rs 1.9 Bn led by lower provisions and...
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City Union Bank: Asset Quality Outlook Improves
City Union Bank (CUB) reported a good Q2FY22 performance (better than our estimates), led by lower provisions and improved asset quality.
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City Union Bank: Stable Performance; Asset Quality In Check
We maintain our BUY recommendation with a target price of Rs 195/share (2.2x FY23E ABV). City Union Bank (CUB) Q1FY22 performance was largely...
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