Buy City Union Bank; target of Rs 218: Anand Rathi

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Anand Rathi's research report on City Union Bank

Stable margins and strong fees led to City Union Bank’s steady operating performance. Overall profitability was strong, with RoA coming at 1.53%. Ahead, we expect net slippages to be negative since most of the stress has been recognised.

Outlook

The focus now shifts to business growth. We expect loan growth to be in mid-teens and strong earnings to continue. We retain a Buy at a 12-mth TP of Rs 218, 1.4x P/ABV on its FY27e book.

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City Union Bank - 05052025 - anand