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City Union Bank -- Balance sheet protection takes precedence over growth

Despite the muted growth in deposits, City Union Bank maintains strong liquidity

November 26, 2020 / 02:40 PM IST
City Union Bank -- Balance sheet protection takes precedence over growth

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

The pandemic-induced economic crisis has necessitated banks to shift focus from growth to preserving capital, managing portfolio stress, reducing cost and maintaining adequate liquidity in the near term. City Union Bank’s (CMP: Rs 177 Mcap: Rs 13,073 crore) performance in the current fiscal reflects this change in strategy. A mid-sized private bank, City Union Bank (CUB) is now maintaining high liquidity while business growth has taken a back seat. The growth in advances is limited to the government’s ECLGS (Emergency Credit...

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