RBI Credit Policy: City Union Bank neutral to short-term rate relief

N Kamakodi, MD & CEO, says since the bank has always been neutral on short-term borrowing, the hike in term repos of 7-day and 14-day tenor from 0.25 percent of NDTL of the banking system to 0.5 percent does not impact them.

Don't see strategic tie-up with foreign bank: City Union Bk

Reserve Bank governor Raghuram Rajan has said there is going to be a bigger opening because they could contemplate new rules for the entry of foreign banks. It may even allow them to take over Indian banks.

RBI steps would force banks to walk tightrope: City Union

In an interview to CNBC-TV18, N Kamakodi, MD & CEO, City Union Bank spoke about RBI recent measures.

City Union Bank PAT up 15%, sees healthy core income growth

City Union Bank core has seen good growth in core income this quarter. The gross NPA has come down from 1.23 percent to 1.13 percent, while the gross number has come down from Rs 178.74 crore to Rs 173.10 crore.

City Union Bank sees no stress on gold loan portfolio

City Union Bank, which has significance presence in southern India sees no stress on its gold loan portfolio unlike other gold financers, and hopes to maintain its net interest margin at 3.3 percent going forward, N Kamakodi, MD & CEO, City Union Bank said.

Expect FY13 loan growth to be around 25%: City Union Bank

Private sector lender City Union Bank is looking to raise Rs 258 crore through the rights issue route. The issue, which would offer a total of 12.89 crore equity shares opened today and will close on December 31, 2012.

See credit growth of around 20-25% in FY13: City Union Bank

N Kamakodi, managing director and chief executive officer of City Union Bank says the bank is hopeful of achieving a credit growth of around 20-25 percent this year.

Plan to raise Rs 250cr via rights issue: City Union Bank

In an interview to CNBC-TV18, N Kamakodi, managing director and chief executive officer of City Union Bank says, the company has already submitted documents to SEBI for rights issue. "We have now submitted the document for rights issue. We are planning to raise about Rs 250 crore," he adds.

Hope to maintain NIMs above 3.3% ahead: City Union Bank

The private sector lender managed to improve its net interest margins by 15 bps to about 3.39% in Q4. Dr N Kamakodi, MD & CEO, City Union Bank told CNBC-TV18, it is hopeful of maintaining the NIMs above 3.3% going ahead.

Rate deregulation step in right direction: City Union Bank

N Kamakodi, MD & CEO, City Union Bank tells CNBC-TV18 that the bank never expected that having a lower CASA would be of benefit to them.

City Union Bank may review base rate hike by month-end

Dr N Kamakodi, CMD of City Union Bank said the bank had already raised its both deposit and base prime lending rates (BPLR) a couple of weeks ago anticipating the central bank's monetary tightening move.