The Bank will issue a bonus in the ratio of 1:3. This means that the shareholders will get one equity share for every three fully paid up share held as on the record date. While the record date was not announced City Union Bank in its exchange filing said that the bonus shares will be received within two months from the date of the board approval.
In addition the bank recommended a dividend of Rs 2 per share for the financial year 2025-26. However, the payment will be subject to approval by the shareholders of the Bank at the ensuing annual general meeting.
City Union Bank reported a 24.9% surge profit at Rs 360 crore in the fourth quarter of the previous fiscal. The lender had posted a net profit of Rs 288 crore in the January-March period a year ago, City Union Bank said in a regulatory filing.
The net interest income—the difference of interest earned and interest paid— for the quarter grew 30.9% to Rs 786 crore in the fourth quarter of as against Rs 600 crore in the same period of the last fiscal.
City Union Bank's asset quality also improved during the quarter under review, with the gross non-performing assets ratio at 1.9% from 2.2% in the previous quarter. In absolute terms, the gross NPA was at Rs 1,273.08 crore from Rs 1,320 crore in the previous quarter.
The net NPA ratio fell 10 basis points to 0.68% from 0.78% in the preceding quarter. In absolute terms, the net NPA fell to Rs 449.42 crore from Rs 469.34 crore.
As a result, the bank's provision and contingencies advanced to Rs 120 crore as against Rs 78 crore in the same period a year ago.
City Union Bank Share Price Today
City Union Bank shares closed 3.31% higher at Rs 271.21 per share after it rose as much as 4.57% to Rs 274.50 apiece. This compares to a 0.81% advance in the NSE Nifty 50 Index. It has risen 52.89% in the last 12 months and fallen 6.74% year-to-date.
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