City Union Bank is this week's stock pick: Three reasons why

City Union Bank is this week's stock pick: Three reasons why
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Synopsis

The bank has maintained a growth CAGR of 15% in the past 10 years and is expanding its presence in the northern states by offering various innovative products.

The private sector bank reported a muted performance in the third quarter of 2022-23 due to higher provisions and NIM compression. The reported net profit of Rs.217.8 crore was 11.8% lower than the average consensus of analysts compiled by Reuters-Refinitiv. In the fourth quarter, analysts predict that City Union Bank (CUB) will report a 12.9% y-o-y growth in net profit. The bank has 752 branches, with 669 of them in southern India. It focuses

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