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Bloomberg Quint

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Image Credit: Bloomberg Quint

'Buy' City Union Bank Shares Maintains Nirmal Bang On Improved Growth Prospects

  • Nirmal Bang maintains a 'Buy' rating on City Union Bank due to improved growth prospects in core MSME loan business and better asset quality.
  • City Union Bank is expected to grow its loan book 2-3% higher than system credit growth.
  • The bank's net interest margins may face pressure in the near term, but deposit repricing in the next few months could lead to ~3.5% NIMs for FY26.

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