City Union Bank Share Price Target 2022, 2023, 2024, 2025, 2030: City Union Bank Limited is an old leading private sector bank which was established in October 1904 and is headquartered in Kumbakonam, Tamilnadu, India. Today, along with analyzing the complete details of the bank, we will also look at the future opportunities of the bank, so that we will get an idea, in which direction the performance of the bank can be seen.
Here in this article we will try to analyze the City Union Bank stock in a completely different way. So just go through this article.
City Union Bank Share Price Target 2022
The bank initially favored the role of a regional bank and slowly but steadily built a foothold in the delta of Thanjavur district. The first branch of the bank was opened at Mannargudi in 1930. Thereafter, branches were opened at Nagapattinam, Sannanallur, Ayyampet, Tirukattupalli, Tiruvarur, Manapparai, Mayuram and Porayar within a span of twenty five years. The Bank operates in four business segments, namely Treasury, Corporate Wholesale Banking, Retail Banking and Other Banking Operations.
The target price of the two target shares of City Union Bank was achieved by 2022. The target price of the first share of City Union Bank was valued at Rs 180. And the second price target of City Union Bank can be found around Rs 190.
| Year | City Union Bank Share Price Target 2022 |
|---|---|
| First Target 2022 | Rs 180 |
| Second Target 2022 | Rs 190 |
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City Union Bank Share Price Target 2023
City Union Bank entered into a strategic partnership with Bajaj Allianz Life Insurance Company. Through this partnership, Bajaj Allianz Life Insurance will offer its life insurance solutions to customers of the Tamil Nadu-based bank. City Union Bank customers will be able to meet their long-term financial goals by investing in Bajaj Allianz Life’s value products ranging from term, savings, annuity to investment solutions.
City Union Bank has entered into a bancassurance agreement with Royal Sundaram General Insurance. The bancassurance contract serves to distribute general insurance products of the latter through the network of branches of the former throughout the country.
The target number of City Union Bank stock could enter around 2023. The target price of City Union Bank by 2023 is estimated to be Rs 220. And the second target price of City Union Bank was able to cover around Rs 230.
| Year | City Union Bank Share Price Target 2023 |
|---|---|
| First Target 2023 | Rs 220 |
| Second Target 2023 | Rs 230 |
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City Union Bank Share Price Target 2024
City Union Bank has entered into a Bancassurance Agreement with Aditya Birla Health Insurance Company. The bancassurance contract is used to distribute health insurance products of the latter through the network of branches of the former throughout the country. City Union Bank has entered into a bancassurance agreement with Tata AIA Life Insurance and Shriram General Insurance.
Under this agreement, Shriram General Insurance will offer general insurance products while Tata AIA Life Insurance will offer life insurance products through the bank’s branch network. Bancassurance is an arrangement between a bank and an insurance company that allows the insurance company to sell its products to the bank’s client base.
At this time, we try to predict the price of the two stocks that City Union Bank will acquire in 2024. The initial target price of City Union Bank is estimated at Rs 260. And the second price target of City Union Bank is estimated at Rs 280.
| Year | City Union Bank Share Price Target 2024 |
|---|---|
| First Target 2024 | Rs 260 |
| Second Target 2024 | Rs 280 |
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City Union Bank Share Price Target 2025
City Union Bank Launches “On-the-Go Debit Card Payment Solution in Fitness Watch”. The wristwatch is mapped to the customer’s operational account. To make payments at PoS machines, customers will need to hold this wristwatch in front of the PoS device during the payment, such as presenting the card at the PoS. For payments above Rs 5,000, the customer will have to tap and enter their PIN.
Customers can set a limit for their payments using internet or mobile banking. Payments made using this debit card at Fitness Watch are secure. For every transaction made using the watch, an SMS will be sent to the registered mobile number.
Here we try to analyze the price of two City Union Bank target stocks that can be acquired till 2025. The actual target price of City Union Bank has been valued at Rs 320. And the second City Union Bank share price target by 2025 is around Rs 330.
| Year | City Union Bank Share Price Target 2025 |
|---|---|
| First Target 2025 | Rs 320 |
| Second Target 2025 | Rs 330 |
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City Union Bank Share Price Target 2030
City Union Bank customers can apply for a Fitness Watch Debit Card through Internet Banking or Mobile Banking. Customers can manage the use of wristwatches themselves through CUB net banking or all in one mobile application. Besides being useful for contactless payments, this fitness watch allows the wearer to monitor oxygen level (SpO2), body temperature, heart rate, blood pressure and 18 exercise modes. It also comes with a free three-month wellness package that includes a personal health coach, medical teleconsultation and interactive video coaching.
City Union Bank’s target price for these two stocks could be set by the end of 2030. City Union Bank’s initial target price will be able to achieve a profit of Rs 560 in FY 2030. City Union Bank’s second target price at the end of this decade is close to Rs 600.
| Year | City Union Bank Share Price Target 2030 |
|---|---|
| First Target 2030 | Rs 560 |
| Second Target 2030 | Rs 600 |
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Future Prospectus of City Union Bank Share
- City Union Bank entered into a strategic partnership with Bajaj Allianz Life Insurance Company. Through this partnership, Bajaj Allianz Life Insurance will offer its life insurance solutions to customers of the Tamil Nadu-based bank.
- City Union Bank customers can apply for a Fitness Watch Debit Card through Internet Banking or Mobile Banking. Customers can manage the use of wristwatches themselves through CUB net banking or all in one mobile application.
City Union Bank Share Price Target 2022, 2023, 2024, 2025, 2030 Table
| Year | City Union Bank Share Price Target |
|---|---|
| First Target 2022 | Rs 180 |
| Second Target 2022 | Rs 190 |
| First Target 2023 | Rs 220 |
| Second Target 2023 | Rs 230 |
| First Target 2024 | Rs 260 |
| Second Target 2024 | Rs 280 |
| First Target 2025 | Rs 320 |
| Second Target 2025 | Rs 330 |
| First Target 2030 | Rs 560 |
| Second Target 2030 | Rs 600 |
Risk of City Union Bank Share
- The Reserve Bank of India has imposed a penalty of Rs 90 crore on City Union Bank. The bank has been penalized for not following the fraudulent guidelines and City Union Banks must do something to prevent these cases.
- City Union Banks is one of the smallest banks where Indians open their savings accounts, but City Union Bans needs to engage more customers to earn more interest on their savings and other income.
Expert Views on City Union Bank Share
If you are looking for long term stock you can invest and choose this stock but if you want to invest short term try to find other stock, short term analysis of City Union Bank stock is very low and bad.
City Union Bank Share F.A.Q.
– Where is the headquarters of City Union Bank?
City Union Bank headquarters in Tamilnadu, India.
– Who is MD City Union Bank?
The MD of City Union Bank is Dr. N. Kamakodi.
– When was City Union Bank founded?
City Union Bank established in the year 1904.
I hope that after reading the article City Union Bank Share Price Target 2022, 2023, 2024, 2025, 2030 you must have got a good idea what kind of performance can be seen in the growth of the Company. If you still have any question related to this article in your mind, then do not forget to tell in the comment at all. Stay tuned to Market in India for important information about this type of stock in the stock market.
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