3/2/2025, 12:37:03 pm

Buy City Union Bank; target of Rs 200: Prabhudas Lilladher

City Union Bank (CUB) reported a strong quarter, beating expectations on loan growth, NIM, opex, and asset quality. Loan growth was 3.4% QoQ, NIM was 3.49%, and core PPoP rose 9.2%. Asset quality improved, with provisions elevated, and the bank targets a PCR of 60%. The report retains a 'BUY' rating with a raised target price of Rs200.