CUB

City Union Bank Hits 52-Week High Amid QIP Boost, Director Exit, and Strong Credit Growth

🏦 Leadership & Board Decisions Independent Director Resignation: Shri Narayanan Subramaniam stepped down on June 19, 2025, upon completing his eight‑year term. Board Meeting Highlights (June 11, 2025): Approved a ₹500 Cr QIP (Qualified Institutional Placement), subject to shareholder nod. Set the AGM date for August 13, 2025. Fixed the dividend record date as August 1, 2025. Appointed KUVS & Associates as secretarial auditors for 2025–30. 📈 Stock & Market Trend Bullish Breakout: After consolidating for six months, CUB reached a 52-week high in May. Performance: Up around 40% in the last four months—marking its strongest rally since early 2020. Trader Insight: Resistance now seen in the ₹205–₹215 range; short-term stop-loss suggested near ₹190. 📊 Financial Snapshot Loan Growth: Advances rose ~14% year‑on‑year, nearly doubling the bank's five‑year CAGR. Asset Quality: Gross NPA trimmed to ~3.1%; Net NPA now ~1.25%—a notable improvement. Digital Push: Launched digital initiatives and micro‑loan programs targeting small traders.