Banks
Banks - Private
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City Union Bank is well placed to sustain healthy credit growth, supported by its granular MSME franchise and expansion in gold and retail loans, driving ~19% CAGR over FY26-29E. Improving stress indicators and strong recoveries reinforce asset quality as a key strength, positioning the bank to deliver Advances/NII/PAT growth of 19%/20%/21% CAGR over FY26–29E.
CUBK continued to report strong credit growth of 26% YoY in Q1FY27, but NIM decreased 9bp QoQ due to higher CoF. However, steady asset quality improvement and lower provisions led to in-line PAT, and management expects growth momentum to continue while sustaining superior RoAs.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
