City Union Bank Limited — Q3 FY26
City Union Bank delivered a strong Q3 FY26 with PAT of 332 crore (+16% YoY) driven by 21% YoY credit growth—the highest in 28 quarters.
bullish
high
Financial stats pending filing verification
Claim Ledger
Did management answer the analysts?
Every material analyst question, graded on whether management actually answered it — with the verbatim exchange and quantitative claims checked against filed numbers.
86%Questions answered1Evaded / deflected11Questions audited
Answered
High priority
Provisioning breakup for this quarter, including floating or standard asset provisions.
Asked by Samir Bhish, Diamond Asia
Management gave specific numbers for each provision component.
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Question
just wanted to understand the provisioning breakup for this quarter. Given that it is slightly higher on a sequential basis. Does it also involve any floating or standard asset provisions?
Management (likely MD/CEO)
we had 74 crusion for NPI visa 40 cr for the last quarter and the provision for tax is almost stable at 85 both year and the standard assess provution increased from 7 cr to 22 cr.
Evasive
Medium priority
Slippage ratios outlook given strong growth and rising retail share.
Asked by Samir Bhish, Diamond Asia
Management did not give a forward-looking view on slippage ratios.
no forward guidance on slippagediscussed recoveries instead
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Question
how should one look at slippage ratios going ahead because we are entering a reasonably strong growth trajectory and share of retail assets continues to inch up?
Management (likely MD/CEO)
for many quarters now the total recoveries of live NPA and the technically return of NPI together are more than the slipage numbers...
Answered
High priority
What is driving up margins and interest on advances this quarter?
Asked by Anhama, MK Global
Management explained specific factors: deposit repricing and fixed-rate gold loans.
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Question
What is basically driving up our margins? We saw your interest on advances actually shooting up this quarter despite most players reporting a rate cut.
Management (likely MD/CEO)
We had a repricing on deposits as mentioned in my commentary almost 14,200 crores got repriced. From the advances side we have moved to fixed rate in gold loans.
Partial answer
High priority
Expectation for margins in FY27.
Asked by Anhama, MK Global
Management gave a range but did not commit to a specific FY27 margin.
no specific FY27 guidancedeferred to rate cut uncertainty
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Question
How should we look at FY27? Should the margins be in the range of about 3.9 or inch up further?
Management (likely MD/CEO)
Our endeavor is to have it like say that 3.5 to 4 is what we had done in the previous cycle for few quarter that stability is what we are targeting.
Answered
Medium priority
What is driving up other opex this quarter?
Asked by Anhama, MK Global
Management provided a breakdown of opex increase.
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Question
What is driving up your other opex during the current quarter? It was 254 crores versus 230 crores last quarter.
Management (likely MD/CEO)
No, I think it's almost same. It looks flat. We had at 455 crores in Q2 and we are at 484. So majorly it's going to be technology expenses and salaries.
Answered
Low priority
RBI supervision final report observations.
Asked by Anhama, MK Global
Management clearly stated no material observations.
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Question
The RBI supervision would be over by now hopefully you would have got the final report. Any observations over there in terms of PSL or anything else?
Management (likely MD/CEO)
No. I think if you remember we had that heat about 3 years back after that this year cycle is over and nothing to so far so good and nothing to declare to market.
Answered
High priority
Gold loan decline, deposit repricing proportion, and high-yield portfolio segments.
Asked by Padka, 361 Capital
Management answered each sub-question with specific numbers or context.
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Question
Gold loan portfolio within agriculture has declined on a 2% on a few basis. What proportion of deposits are yet to be repriced in Q4? Within overall advances, what proportion is high-yield portfolio?
Management (likely MD/CEO)
Gold loans... it's again based on the season harvesting... another 10,782 crores to go... renewable energy portfolio is slow and steady progress.
Answered
High priority
Growth outlook and comfortable CD ratio.
Asked by B, Dam Capital Advisor
Management gave specific growth and CD ratio guidance.
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Question
What is the growth outlook from here on? We've seen very strong loan growth. How do you see that from here on? And what CD ratio we are comfortable on?
Management (likely MD/CEO)
We are expecting it to mid to high te... we wanted to be between 85 to 86 that's the number which we are looking at.
Answered
Medium priority
Write-off increase and thought process.
Asked by B, Dam Capital Advisor
Management explained the rationale for write-offs.
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Question
We've seen write off going up a bit quarter to quarter. What is the thought process there and what is entailing that write off?
Management (likely MD/CEO)
wherever we have made maximum provisions we are using this opportunity to reduce it so that management of gross and net NPI will be better and it helps in taxation purpose also.
Answered
Medium priority
Tax rate sustainability at 20%.
Asked by B, Dam Capital Advisor
Management gave a timeframe for continued low tax rate.
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Question
Our tax rate has been consistently lower at about 20% and we managed to keep that for some time. Can that continue for some time more?
Management (likely MD/CEO)
It will go as far as we are... depending upon how much write offs we are doing and how much incremental provision we are making... probably continue for at least another 2 three or four quarters maybe even to the completion of the next year.
Answered
High priority
Transmission of December repo rate cut and impact on yields.
Asked by Rohan Nem, Equir Securities
Management confirmed full transmission and quantified impact.
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Question
For the 25 cut that has happened in December like will that be a complete transmission or we will be able to manage the lower cut and has that got reflected in the yield this quarter?
Management (likely MD/CEO)
this has completely got transferred to the customers and there is nothing much left in EBLR. So effectively 25 basis point has got transmitted.
Answered
Medium priority
Segments facing competition and yield changes after rate cut.
Asked by Subramanyan K, Capital
Management provided specific yields and competitive dynamics.
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Question
What are the segments in retail facing competition and how is the yield for each segment has changed after the retail?
Management (likely MD/CEO)
retail our major focus is on LAP and home loans... LAP I think we are down by 20 25 what we used to do before... lap is around 9.5 9.4 9.5... home loans we are always at around 8.8 to 9%.