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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

    Neha Dave
    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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