The Q4 results of the private banks as well as state-run lenders were mixed with net interest margins surprising positively for larger banks, but growth remaining elusive. Banks delivered a credit growth of 11% year-on-year (YoY).
City Union Bank Share Price
City Union Bank Stock Price Gains On Bonus Announcement
Gold Silver Reports (GSR) – City Union Bank Gains On Bonus Announcement – Shares of the lender extended gains for the second day and rose as much as 2.7 percent, the most in three weeks to Rs 186.5. The bank’s board had proposed a bonus of 1:10 and fixed July 11 as the record date, according to its statement on the exchanges.