Shares of City Union Bank gained 4.32% to Rs 246.24 in morning trade on Tuesday, November 4, after the lender reported a steady set of Q2 FY26 earnings. The stock opened higher and moved in the range of Rs 245 to Rs 253, compared with its previous close of Rs 236.04.
City Union Bank posted a net profit of Rs 329 crore for the July–September quarter, up 15.1% from Rs 285 crore in the same period last year, driven by higher interest income and improved credit performance. Net interest income rose 14.4% year-on-year to Rs 666.5 crore from Rs 582.5 crore.
Asset quality strengthened during the quarter. Gross NPA fell to 2.42% from 2.99% in the previous quarter, while net NPA declined to 0.9% from 1.2%. The bank also reported healthy growth in its loan book and deposits, supported by stable demand across retail and small business segments.
As of 9:50 AM, City Union Bank’s market capitalisation stood at approximately Rs 1.82 lakh crore, with a P/E ratio of 16.22 and a dividend yield of 0.81%.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
