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City Union Bank Ltd.

CUBFinancial Services filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

22 transcript(s)/analyst meet(s) served; 13 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 22 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
DUPLICATE202111132021-09-30no
UNRESOLVED202211092022-09-30no
COVER_LETTER202302172022-12-31no
TRANSCRIPT202306012023-03-31yes
DUPLICATE202310282023-09-30no
DUPLICATE202311012023-09-30no
UNRESOLVED202402022023-12-31no
TRANSCRIPT202402072023-12-31yes
TRANSCRIPT202308182024-03-31yes
DUPLICATE202405212024-03-31no
TRANSCRIPT202405242024-03-31yes
TRANSCRIPT202408012024-06-30yes
TRANSCRIPT202410282024-09-30yes
COVER_LETTER202501312024-12-31no
TRANSCRIPT202502052024-12-31yes
TRANSCRIPT202505072025-03-31yes
COVER_LETTER202508012025-06-30no
TRANSCRIPT202508052025-06-30yes
COVER_LETTER202511042025-09-30no
TRANSCRIPT202511072025-09-30yes
COVER_LETTER202602032025-12-31no
TRANSCRIPT202602072025-12-31yes
COVER_LETTER202604282026-03-31no
TRANSCRIPT202605042026-03-31yes
COVER_LETTER202607282026-06-30no
TRANSCRIPT202608012026-06-30yes

CUB

files the banking form. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisionbanking
Scope servedstandalone
Panels on this page5

Market

The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.

Last close220.52
52-week range155.74 – 238.48
Return 1M-0.49%
Return 3M10.9%
Return 1Y39.3%
Return 3Y127.22%
Return 5Y96.08%
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Interest earned1,985.00
Interest on advances and bills1,629.00
Income on investments315.00
Interest on balances with the RBI and interbank funds41.00
Other interest0.00
Interest expended1,165.00
Other income244.00
Total income2,229.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter groupnot disclosed—
institutions foreign0.19-0.05
institutions domestic0.450.04
mutual funds0.340.02
public1.000.00

Documents on file

ClassMost recentOn file
COVER_LETTER2026-06-307
DUPLICATE2024-03-314
TRANSCRIPT2026-06-3013
UNRESOLVED2023-12-312

Financial statements

Filed results, standalone, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Cash flow, as filed

Line2022-09-302023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Net cash from operating activities—-327.00527.00-398.001,625.0049.00—
Net cash from investing activities78.00-36.00230.00304.00276.0097.0014,860.00
Net cash from financing activities-494.00-159.00-463.00——-146.00—
Purchase of property, plant and equipment-69.0043.00-168.00-94.00-198.00-156.00-353.00
Net increase in cash-1,233.00-521.00294.00-3,072.00-1,653.001,662.003,637.00
con:CFO.BEFORE_TAX-1,084.001,164.00364.00-398.001,625.001,143.00-12,988.00
con:INTEREST_RECEIVED.OPERATING0.000.000.000.000.000.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.000.000.00
con:TAX_PAID.OPERATING-273.00152.00-163.000.000.000.000.00
con:CF_OTHER.OPERATING0.00-1,339.000.000.000.00-1,094.000.00
con:INVESTMENTS_PURCHASED0.000.000.000.000.000.000.00
con:INVESTMENTS_SOLD0.000.000.000.000.000.000.00
con:PPE_DISPOSALS9.007.0062.0031.0078.00-3.0075.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.000.000.000.000.000.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.000.000.000.000.000.000.00

Quarterly results, as filed

Line2022-09-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Interest earned1,181.001,304.001,326.001,374.001,389.001,434.001,479.001,533.001,605.001,653.001,756.001,856.001,985.00
Interest on advances and bills955.001,028.001,036.001,081.001,086.001,143.001,199.001,243.001,290.001,332.001,435.001,515.001,629.00
Income on investments213.00239.00247.00252.00262.00271.00269.00271.00286.00288.00294.00311.00315.00
Interest on balances with the RBI and interbank funds12.0036.0043.0040.0038.0016.009.0016.0026.0029.0026.0029.0041.00
Other interest1.001.001.002.002.003.002.002.002.005.002.000.000.00
Interest expended613.00766.00810.00828.00843.00851.00891.00932.00980.00987.001,004.001,070.001,165.00
Other income173.00182.00193.00175.00192.00226.00228.00251.00244.00259.00245.00290.00244.00
Total income1,355.001,486.001,519.001,549.001,581.001,660.001,707.001,784.001,849.001,912.002,001.002,146.002,229.00
Employee benefit expense141.00158.00156.00168.00174.00184.00179.00197.00201.00224.00230.00235.00235.00
Operating expenses285.00334.00345.00370.00364.00381.00380.00411.00418.00455.00484.00497.00483.00
Expenditure excluding provisions and contingencies898.001,100.001,155.001,198.001,207.001,232.001,271.001,343.001,398.001,442.001,488.001,567.001,648.00
Operating profit before provisions456.00387.00364.00352.00373.00428.00436.00441.00451.00471.00513.00580.00581.00
Provisions and contingencies105.0056.0046.0032.0039.0070.0075.0078.0070.0057.0096.00120.0078.00
Exceptional items0.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax351.00331.00318.00320.00334.00358.00361.00363.00381.00414.00417.00460.00503.00
Tax expense75.0050.0065.0065.0070.0073.0075.0075.0075.0085.0085.00100.00120.00
Profit for the period276.00281.00253.00255.00264.00285.00286.00288.00306.00329.00332.00360.00383.00
Profit attributable to owners276.00281.00253.00255.00264.00285.00286.00288.00306.00329.00332.00360.00383.00
Earnings per share, basic3.743.783.423.443.573.853.863.894.134.434.484.843.86
Earnings per share, diluted3.703.753.393.423.543.823.833.864.104.414.464.833.85

Annual results, as filed

Line2024-03-312025-03-312026-03-31
Interest earned5,271.005,834.006,870.00
Interest on advances and bills4,153.004,672.005,572.00
Income on investments959.001,073.001,179.00
Interest on balances with the RBI and interbank funds154.0080.00109.00
Other interest4.008.009.00
Interest expended3,147.003,518.004,040.00
Other income742.00898.001,039.00
Total income6,012.006,732.007,909.00
Employee benefit expense614.00733.00890.00
Operating expenses1,348.001,535.001,854.00
Expenditure excluding provisions and contingencies4,495.005,053.005,894.00
Operating profit before provisions1,517.001,679.002,014.00
Provisions and contingencies286.00262.00343.00
Profit before exceptional items and tax—1,417.001,671.00
Exceptional items0.000.000.00
Profit before tax1,231.001,417.001,671.00
Tax expense215.00293.00345.00
Profit for the period1,016.001,124.001,326.00
Profit attributable to owners1,016.001,124.001,326.00
Earnings per share, basic13.7215.1717.88
Earnings per share, diluted13.6215.0717.83

Balance sheet, as filed

Line2022-09-302023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Capital74.0074.0074.0074.0074.0074.0074.00
Reserves and surplus6,939.007,817.008,327.008,806.009,393.009,852.0010,491.00
Deposits49,878.0052,714.0055,657.0057,369.0063,526.0069,486.0078,308.00
Borrowings5,398.004,514.004,724.002,547.002,169.002,183.005,327.00
Other liabilities and provisions2,106.002,155.002,044.002,570.002,461.002,808.002,825.00
Total equity and liabilities64,395.0067,274.0070,826.0071,366.0077,623.0084,402.0097,024.00
Cash and balances with the RBI3,271.003,392.004,615.003,386.003,875.004,848.006,267.00
Balances with banks and money at call2,183.002,736.002,328.00486.001,416.002,105.002,660.00
Investments14,678.0015,688.0015,664.0016,453.0017,336.0017,519.0018,987.00
Advances41,913.0042,652.0045,526.0047,771.0052,081.0056,681.0065,875.00
Property, plant and equipment244.00243.00270.00293.00322.00388.00469.00
Other assets2,106.002,563.002,422.002,977.002,593.002,862.002,767.00
Total assets64,395.0067,274.0070,826.0071,366.0077,623.0084,402.0097,024.00

Asset quality and capital, as filed

Line2023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Gross non-performing assets2,035.001,968.001,854.001,806.001,726.001,693.001,638.001,617.001,393.001,320.001,273.001,170.00
Net non-performing assets999.00941.00899.00853.00775.00702.00653.00635.00513.00469.00449.00405.00
Gross NPA, per cent0.000.000.000.000.000.000.000.000.000.000.000.00
Net NPA, per cent0.000.000.000.000.000.000.000.000.000.000.000.00
Return on assets0.000.000.000.000.000.000.000.000.000.000.000.00
CET-1 ratio0.000.000.000.000.000.000.000.000.000.000.000.00
Additional Tier-1 ratio0.000.000.000.000.000.000.000.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group0.000.000.000.000.000.000.000.000.00—————
Domestic institutions36.1933.1333.2032.4029.5132.5733.5733.5833.0735.230.370.400.410.45
Mutual funds—————————28.770.290.310.320.34
Insurance companies3.623.353.163.313.173.693.353.803.955.180.060.080.070.09
Foreign institutions24.9525.3323.6626.6026.9626.4426.0127.4428.0327.380.260.230.230.19
Public100.00100.00100.00100.00100.00100.00100.00100.00100.00100.001.001.001.001.00
Non-institutional38.8641.5443.1441.0143.5440.9940.4338.9838.9037.390.370.360.360.36
Shares outstanding740416385740416385740416385740639579740671904740671904740671904740985734740985734741008062741048842742098317743047262990787237

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
DR N KAMAKODIMD AND CEORemuneration16,691,000.001
R VIJAY ANANDHEXECUTIVE DIRECTORRemuneration7,845,000.001
NCS SOFT SOLUTIONS PVT LIMITEDSOFTWARE VENDORSale of goods or services2,180,000.001
J SADAGOPANCFORemuneration1,856,000.001
VENKATARAMANAN SCSRemuneration1,108,000.001
ABARNA AND ANANTHANTAX CONSULTANTSSale of goods or services0.001

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-08-01Q1FY27LIMITEDRead the call
2026-05-04FYFY26Read the call
2026-02-07Read the call
2025-11-07H1FY26BANK LIMITED, CITY UNION BANK LIMITED, UNION BANK LIMITEDRead the call
2025-08-05Q1FY26BANK LIMITED, CITY UNION BANK LIMITEDRead the call
2025-05-07FYFY25BANK LIMITED, LIMITED, UNION BANK LIMITEDRead the call
2025-02-05Q3FY25CITY UNION BANK LIMITEDRead the call
2024-10-28Q2FY25Read the call
2024-08-01Q1FY25Read the call
2024-05-24Q4FY24Read the call
2024-02-07Q3FY24Read the call
2023-08-18FYFY24Read the call
2023-06-01Q4FY23Read the call

Some earlier announcements under this heading are covering letters only — no transcript was attached.

What they said about it, quarter by quarter

TopicQ1FY25Q1FY26Q1FY27Q2FY25Q3FY24Q3FY25Q4FY23Q4FY24
Capex—July 31, 2025 And really, is there a need for working capital and what is going to be capex before we are taking the final call?———The next year, the capex looks -- it is going to be lower than whatever we have seen in the current year.——
Capital allocation———————When you have a lower growth rate whether you give the excess dividend, or you conserve the capital for the future growth.
Costs——————So when we say that we probably for the full year next year we will have similar levels what we saw for FY2023 which is 3.65 plus or minus 10 basis po…—
Debt and cash—There has generally been a feeling that working capital requirements are pretty low because inflation is pretty benign.I think most of the customers are not showing any stress and it's only the working capital cycle for that ECGLS has helped them to come back to normal…————Will we see a decline in requirement of working capital from the segment incrementally?
Demand—This is pertaining to just the demand environment within MSME.Because across other peers, we heard that, you know, working capital utilization levels are going up because of the demand, higher treasury yields, ev…Our plans in pipeline like retail vertical and other avenues in advances will support us in terms of our credit growth once they are all taking a shap…Sir, just wanted to get a sense on how is the underlying demand for credit in your core segment with the MSMEs, because you had mentioned in Q2 that f…—It happens at its own pace so once we get for whatever demand we have raised, once we get dues for FY2022, I will start recognizing on accrual basis t…Sir, second was that recently there was this government notification to make payments to MSME in 45 days -- so just wanted to understand what would be…
GuidanceWe expect the team to be here by August, September.So, in that background, to sum up, things are even shade better than what we anticipated maybe 6 months back.Of course, you gave the guidance that cost of funds is expected to increase in the next couple of quarters.We expect our margins, cost-to-income ratio, NPA slippages to stay stable around the numbers communicated to you in the earlier con calls.So if I got it right from your opening remarks, you're saying that guidance for FY'24 has been maintained at 12% to 14%.To sum up, we have crossed the industry level credit growth, which was eluding us for the last couple of years, we expect that to stabilize and move f…We expect good moderation in slippage this year.We expect the similar reduction in the slippage maybe about INR700 crores to INR800 crores slippage we could be having for the current financial year.
MarginDo you expect, because of this redeployment towards excess security, do you see further margin pressure because this or I mean you are okay?This should give me a INR3.5 margin for us.But if I look at slightly longer term, FY27, FY28, what will be the levers for margin improvements?Our net interest margin for Q2 financial year '25 had improved to 3.67 % as compared to 3.54 % in Q1 financial year '25.If you add that to Interest income, as I said, the net interest margin would have been higher.January 31, 2025 As discussed in earlier calls, the margin should be 3.60% with plus or minus 10 basis points.So our margin will be around this range for the current year because you will be having one end there is some interest rate hike has been passed on du…Therefore our current net interest margin is by and large around our long-term average of say 50 quarters or so.
People——900 crores of repayment per month and most importantly City Union Bank Limited July 28, 2026 only in this quarter we have seen this, the unutilized po…—There is also some amount of reduction in the cash credit utilization.—You will not be in a position to exactly calculate because when it comes to the daily average there will be fluctuations in terms of the cash credit u…Definitely, the thing is we could see in the mixed way, the smaller entities returned the money and that utilization was coming down.
PricingMore than anything else, in fact, last year or maybe about 4-5 quarters back, you had some amount of insane pricing.So, before I give that, if you have given the finer pricing earlier, reduction will be low to that extent, number one.So, the utilization level has dropped from 73% to 70% and we are also slightly cautious on pricing now.——How will this impact on to your product pricing with respect to -- primarily on Q2 segments that you were MSME in agri, that is how we should consider…Is it like there is some structural change in the retail and the whole sale book which the pricing we are not able to price in the correct risk so tha…—
Revenue growthSee, I am not saying that you basically have the other expenses or by and large there is a sequential from 369 to 363, but year-on-year, there is a gr…Our deposits stood at INR65,734 crores for 1QFY26 as compared to INR54,857 crores in 1QFY25, registering a growth of 20%.—You may observe, we City Union Bank Limited October 21, 2024 restarted our growth at the beginning of 2022 post-COVID and reached the 14 % growth for …So that means that we have to effectively get a growth rate of 8% to 9% in this quarter, which seems very difficult and which seems very optimistic co…During last 1 year, out of the total credit growth of INR6,392 crores, 62% of the business came from core advances while rest is from gold loans.Most of the parameters like PAT growth, reduction in NPA, ROA growth etc had been broadly in line on annual basis while the growth was below the expec…Because last -- I think in the last 3, 4 quarters, you had mentioned that you will be coming back to that growth of 12% to 15%.

What they said they would do

Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.

DateQuarterWhoWhat they said
2025-02-05Q3FY25CITY UNION BANK LIMITEDBut as shared in the earlier quarters, we should be able to maintain the stable net interest margin that 3.6 percentage plus or minus 10 basis points, as rightly pointed out by Vijay.
2025-02-05Q3FY25CITY UNION BANK LIMITEDBut as you have already seen, those numbers are also almost converging and the CD ratio, we should be able to maintain at about 85 percentage, and the LCR calculations are also around 119 that level.
2025-11-07H1FY26CITY UNION BANK LIMITEDWe expect the cost-to- income ratio to hover around 48% to 50% for Financial Year '26 as per our earlier communication.