City Union Bank - RoA Steady With Lower Credit Cost; Loan Growth The Key: Nirmal Bang

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.We interacted with the management of City Union Bank Ltd., in order to understand the bank’s growth prospects in light of the ongoing digital revamp. The bank has already launched its loan origination system for micro, small and medium enterprise segments with ticket size below Rs 30 million and by Jan-23-Feb-23, it expects 70-80% of the LOS upgrade to happen across other retail/MSME verticals. With this LOS implementation, the bank expects the loan processing TAT to improve, which in turn would improve the bank’s overall efficiency. Once the LOS implementation is in place across all branches, the management expects to increase the loan approval rate from the current level of 30% to 50-60% steadily over FY25. City Union Bank also intends to leverage the new analytics platform for cross selling asset, liability and fee income products. In case of consumer credit, the bank is taking a calibrated approach for expansion and with lower personal loan/non-banking financial company exposure at 2%/3%, the impact of RBI norms on CET-1 will be 15-20 basis points..Click on the attachment to read the full report:.HDFC Bank - Execution On Track; Marching Toward Steady Growth, Profitability: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

City Union Bank - RoA Steady With Lower Credit Cost; Loan Growth The Key: Nirmal Bang

City Union Bank also intends to leverage the new analytics platform for cross selling asset, liability and fee income products.

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City Union Bank - RoA Steady With Lower Credit Cost; Loan Growth The Key: Nirmal Bang

City Union Bank also intends to leverage the new analytics platform for cross selling asset, liability and fee income products.

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