NSE: CUB · 28 October 2026
- City Union Bank Ltd. (CUB) advanced 1.68% on Tuesday, trading between an intraday low of ₹213.31 and a high of ₹232.46 before settling at ₹216.70.
- The bank received a revised tax demand order under the Tamil Nadu Goods & Service Tax Act, 2017 from the Deputy Commissioner of State Tax, Thanjavur, reducing the total claim to ₹208.91 crore including tax, interest, and penalty. This remand order follows directions from the Madurai Bench of the High Court of Madras, lowering the previous demand of ₹337.79 crore issued in December 2025. Management noted that the demand is considered legally contestable and is not expected to create material financial implications.
- Trading volume was 4.13 times the 20-day average daily volume.
Why is City Union Bank share price rising on 28 October 2026?
City Union Bank Ltd. (CUB) advanced 1.68% on Tuesday, trading between an intraday low of ₹213.31 and a high of ₹232.46 before settling at ₹216.70.
The broader market exhibited mild weakness, with the Nifty benchmark declining 0.22%. Despite the positive price action on Tuesday, the stock has experienced a correction of 5.72% over the preceding five trading days, though it remains marginally higher by 0.33% over a 20-day span.
The move coincided with the release of the bank's standalone unaudited financial results for the quarter and half-year ended September 30, 2026, which were approved by the Board of Directors during their meeting earlier in the day.
1.03 crore shares traded by 28 October 2026 · 03:15 PM IST. This compares with a 20-day average daily volume of 24.85 lakh shares (4.13 times). The five-day average daily volume was 22.06 lakh shares. Separately, the NSE report for 27 October 2026 showed 14.48 lakh shares delivered, representing 52.67% of that day’s traded volume. The same report recorded 59,312 trades.
The stock's upward move aligns with the release of its Q2 FY2027 financial results and high trading activity that significantly surpassed normal daily averages. Although earnings results provide fundamental context, the sharp volume surge also reflects a technical bounce following a 5.72% decline over the previous five trading days.
Latest Company Developments
The bank received a revised tax demand order under the Tamil Nadu Goods & Service Tax Act, 2017 from the Deputy Commissioner of State Tax, Thanjavur, reducing the total claim to ₹208.91 crore including tax, interest, and penalty. This remand order follows directions from the Madurai Bench of the High Court of Madras, lowering the previous demand of ₹337.79 crore issued in December 2025. Management noted that the demand is considered legally contestable and is not expected to create material financial implications.
Updates regarding ongoing regulatory and tax disputes help investors gauge potential contingent liabilities and legal risk exposure.
ICRA Limited reaffirmed the issuer rating and certificate of deposit rating at [ICRA]AA (Stable) and [ICRA]A1+ respectively, while also assigning a rating to Basel III Tier II bonds amounting to ₹100 crore. The rating committee evaluated the bank's capitalization profile, stable funding base, and prudent risk management practices. These ratings reflect the institution's ongoing creditworthiness in domestic debt markets.
Maintained credit ratings support the bank's borrowing costs and reassure institutional debt holders regarding financial stability.
City Union Bank Shares Jump Up To 9% After Q2 Earnings NDTV Profit
City Union Bank Q2 Results: Asset Quality Improves, Profit Jumps Over 26% NDTV Profit
City Union Bank Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 37.32% on 30 September 2026. This compares with 34.24% on 30 June 2026, a change of +3.08 percentage points.
The filing reported 38 MF/UTI holders.
What to Watch Next
- Post-earnings analyst commentary and management guidance on credit growth and asset quality
- Sustainability of elevated trading volumes and delivery percentages above 20-day averages
- Developments regarding legal remedies and further proceedings on the reduced GST tax demand
- Movement in gross and net NPA ratios in subsequent quarters
More City Union Bank news and dated analysis →
Frequently Asked Questions
What is the latest City Union Bank company news?
The bank received a revised tax demand order under the Tamil Nadu Goods & Service Tax Act, 2017 from the Deputy Commissioner of State Tax, Thanjavur, reducing the total claim to ₹208.91 crore including tax, interest, and penalty. This remand order follows directions from the Madurai Bench of the High Court of Madras, lowering the previous demand of ₹337.79 crore issued in December 2025. Management noted that the demand is considered legally contestable and is not expected to create material financial implications.
How strong was City Union Bank’s trading volume?
1.03 crore shares traded, 4.13 times the 20-day average daily volume. The price and volume data are dated 28 October 2026 · 03:15 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.