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City Union Bank Is Facing Headwinds But Hoping For Renewal
City Union Bank's performance has lagged peers and its margins are expected to stay under pressure.
05 Jun 2023, 07:54 AM IST
For City Union Bank Ltd., the end of financial year 2023 was little to write home about.The bank primarily caters to small companies and the agricultural sector. Its presence is concentrated in Tamil Nadu and with a loan book of Rs 43,791 crore, City Union Bank is among India’s smaller, and older, private banks. But its performance is lagging that of its peers. City Union Bank’s net interest margin or NIM—the gap between interes...
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