Private sector lender City Union Bank Ltd (CUB) has crossed the ₹10,000-crore net worth milestone, a significant landmark in the bank’s history, its Managing Director & CEO N. Kamakodi said.
Speaking during an analysts’ call, Mr. Kamakodi noted that his 15-year tenure as MD & CEO will conclude on April 30, marking the completion of 59 quarters at the helm. “So far, so good. Things have been working out well. Going forward, improvement will be visible across all parameters,” he said.
Executive Director R. Vijay Anandh said the bank expects to close FY26 with mid-teen to high-teen growth, at least 2–3 percentage points above industry growth. “We have delivered consistent double-digit growth across all four quarters of FY25 and three quarters of the current financial year. We expect high-teen growth in FY26, outperforming the industry,” he said.
He added that deposit growth is aligning with credit growth, with continued focus on CASA and granular deposits. The CRR cut is expected to have a positive impact, with some upside to net interest margins in Q3 and Q4.
For FY26, return on assets is expected to remain at 1.5%-plus, while the cost-to-income ratio is projected in the 48–50% range. The bank’s lending focus will continue on core MSME, gold loans and secured retail segments.
On asset quality, Mr. Anandh said recoveries have consistently exceeded slippages, with gross and net NPAs declining sequentially for 11 quarters, nearly three years.
At the same time, we will not let go the opportunities when we encounter. The focus continues on core MSME, gold loans and secured retail,” he added.