
City Union Bank has set June 12, 2026 as the record date for its upcoming 1:3 bonus equity share issue, as confirmed by the bank's Board of Directors following their meeting on May 25, 2026. The bank has also recommended a dividend of ₹2 per share for the financial year 2025-26. This dual announcement represents the bank's commitment to rewarding shareholders through both bonus shares and cash dividends. Under the bonus issue proposal, existing shareholders will receive one new equity share for every three fully paid-up equity shares held as of the record date, subject to final approval from the bank's shareholders.
The bank reported impressive fourth-quarter results with net profit surging 24.9% to ₹360 crore compared to ₹288 crore in the same period last year, according to a regulatory filing. Net interest income grew 30.9% to ₹786 crore in Q4, up from ₹600 crore in the corresponding quarter of the previous fiscal year. This significant growth in both profitability and interest income demonstrates the bank's strong operational performance during the quarter.
City Union Bank's asset quality showed marked improvement during the quarter. The gross non-performing assets ratio declined to 1.9% from 2.2% in the previous quarter, while absolute gross NPA decreased to ₹1,273.08 crore from ₹1,320 crore. The net NPA ratio fell 10 basis points to 0.68% from 0.78% in the preceding quarter, with net NPA absolute amount reducing to ₹449.42 crore from ₹469.34 crore. This improvement resulted in provision and contingencies advancing to ₹120 crore compared to ₹78 crore in the year-ago period.
City Union Bank is set to attend the Axis Capital Rising Stars Conference 2026 on June 01, 2026 in Mumbai, as disclosed under Regulation 30 of SEBI LODR Regulations, 2015. The participation provides a platform for the bank to engage with analysts and investors regarding its performance and strategy. The bank's share price experienced a 0.54% uptick to ₹249.90 at the end of trading, as reported by NDTV Profit, though this performance lagged behind the 1.32% uptick of the NSE Nifty 50. The bonus shares will be distributed in a ratio of 1:3, meaning investors will receive one additional equity share for every three fully paid-up equity shares held as of the record date.