City Union Bank Limited has informed the Exchange that Board of Directors at its meeting held on April 27, 2026, recommended Final Dividend of Rs. 2 per equity share.
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City Union Bank reported strong FY2026 results with net profit of Rs. 1,326.23 crore, up 18% from Rs. 1,123.63 crore in FY2025. The Board recommended a dividend of Rs. 2 per share (200% on Re. 1 face value), unchanged from the previous year. Additionally, the Board approved a bonus share issuance in the ratio of 1:3 (1 bonus share for every 3 shares held), which will increase share capital from Rs. 74.31 crore to approximately Rs. 99.08 crore. Asset quality improved significantly with Gross NPA declining from 3.09% to 1.91% and Net NPA from 1.28% to 0.68%. Both dividend and bonus proposals are subject to shareholder approval at the ensuing AGM.
The bonus issue will increase the number of shares outstanding by 33%, diluting per-share metrics but indicating financial strength. The maintained dividend and improved profitability are positive signals for shareholders.