City Union Bank came up with decent set of number. Total income increased from Rs. 489 Cr. (Q3,12) to Rs. 621 Cr. ( Q3,13 ) almost 27% growth while Interest expenses has grew from Rs. 316 Cr. to 392 cr. for the same period and increased by 24%. Spread has increased by almost 300 bps.
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Growth is not confined to one segment. Business has grown from all three segments.
Treasury Revenue increased from Rs. 105 cr. from Rs. 84 cr. (25% growth YoY) and operating profit grew by 100%
Wholesale Banking Revenue increased from Rs. 186 cr. from Rs. 136 cr. (36% growth YoY) and operating profit is flat.
Retail Banking increased from Rs. 328 cr. from Rs. 267 cr. (22% growth YoY) and operating profit grew by 26%.
Overall Pretax pre provision profit grew by 25%.
NPA is more or less consistent inspite of turbulent economic environment. Net NPA has slightly increased from 0.51% (Q3,12) to 0.63% (Q3,13) and 0.60 ( Q2,13 ).
Bank maintain healthy ROA which has increased from 1.62 (Q3,13 ) to 1.65 (Q3,13).
Overall Good set of numbers posted by City union bank.
CUB Rs.61, Stock has been moving in a sharp rising channel and with Rs.58 as Support stock looks very good to target Rs.70 & 75 as Target.
FYI…
Performance of Weekly Option
Co. Name
|
Accumulated
till 28th Dec, 12 |
7th Jan, 13
|
14th Jan, 13
|
21st Jan,13
|
28th Jan, 13
|
Total
Stocks |
CMP
|
Total
Value |
Cipla
|
193
|
2
|
2
|
2
|
3
|
202
|
414
|
83557
|
G S F C
|
1129
|
14
|
14
|
15
|
15
|
1187
|
65
|
77214
|
Amara Raja Batt.
|
311
|
4
|
3
|
3
|
3
|
324
|
301
|
97540
|
Pidilite Inds.
|
347
|
4
|
5
|
5
|
5
|
366
|
246
|
89999
|
Dabur India
|
626
|
8
|
8
|
8
|
8
|
658
|
133
|
87646
|
LIC Housing Fin.
|
271
|
3
|
4
|
4
|
4
|
286
|
283
|
81010
|
Indian Bank
|
372
|
5
|
5
|
5
|
5
|
392
|
203
|
79498
|
City Union Bank
|
1343
|
17
|
17
|
17
|
16
|
1410
|
62
|
87984
|
G M D C
|
390
|
5
|
5
|
5
|
5
|
410
|
194
|
79397
|
Bajaj Corp
|
339
|
4
|
4
|
4
|
4
|
355
|
243
|
86230
|
Total Investment
|
701777
|
9778
|
10016
|
10038
|
10246
| |||
Total Cost of Investment
|
741855
| |||||||
Value of Investment
|
850074
| |||||||
Total Return on SIP (%)
|
15
| |||||||
Product Inception
| ||||||||
Date
|
3rd August, 2011
|
Return (%)
|
2nd Feb, 2013
| |||||
Nifty Level
|
5405
|
11
|
5999
| |||||
BSE 500
|
7011
|
9
|
7637
| |||||
Performance of Monthly Option
Co. Name
|
Accumulated
till 15th Dec, 12 |
15th Jan, 13
|
Total
Stocks |
CMP
|
Total
Value |
Cipla
|
45
|
2
|
47
|
414
|
19442
|
G S F C
|
263
|
15
|
278
|
65
|
18084
|
Amara Raja Batt.
|
72
|
3
|
75
|
301
|
22579
|
Pidilite Inds.
|
81
|
5
|
86
|
246
|
21147
|
Dabur India
|
146
|
8
|
154
|
133
|
20513
|
LIC Housing Fin.
|
63
|
4
|
67
|
283
|
18978
|
Indian Bank
|
87
|
5
|
92
|
203
|
18658
|
City Union Bank
|
313
|
17
|
330
|
62
|
20592
|
G M D C
|
91
|
5
|
96
|
194
|
18590
|
Bajaj Corp
|
79
|
4
|
83
|
243
|
20161
|
Investment
|
163361
|
10128
| |||
Total Cost of Investment
|
173489
| ||||
Value of Investment
|
198743
| ||||
Total Return on SIP (%)
|
15
| ||||
Product Inception
| |||||
Date
|
3rd August, 2011
|
Return (%)
|
2nd Feb, 2013
| ||
Nifty Level
|
5405
|
11
|
5999
| ||
BSE 500
|
7011
|
9
|
7637
| ||
Thanks & Regards
|
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