City Union Bank - Turnaround Underway On Multiple Fronts: Yes Securities

"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..Yes Securities Report.We had been structurally cautious on City Union Bank Ltd. since we assumed coverage in June 2021 but we had upgraded to 'Buy' for the first time in February 2024. In this report, we take a closer look at the bank and feel confident regarding our upgrade due to the following key reasons:Importantly, loan growth is set for a turnaround, driven by certain underlying factors, includingThe “digital lending” initiative, to be begin withFurthermore, the announcement of the new sales vertical heralds a change in narrative for growth strategy, over and above digital lendingIt may further be noted that the rundown of the Kisan Credit Card book is complete andLastly, City Union Bank is also exploring co-lending tie-ups with non-banking financial company.While non-performing loan cycle was extended for City Union Bank, the same seems to have ended, along with strong recovery performanceWhile margin has eroded over time, we find guidance for stable margin believable..Click on the attachment to read the full report:.Stock Of The Day: CE Info Systems Gains After Goldman Sachs Initiates 'Buy' — Analysts View, Key Levels.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 - Turnaround Underway On Multiple Fronts: Yes Securities

Furthermore, the announcement of the new sales vertical heralds a change in narrative for growth strategy, over and above digital lending.

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City Union Bank - Turnaround Underway On Multiple Fronts: Yes Securities

Furthermore, the announcement of the new sales vertical heralds a change in narrative for growth strategy, over and above digital lending.

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