Buy City Union Bank; target of Rs 260: ICICI Securities

ICICI Securities's research report on City Union BankCity Union Bank (CUBK) reported strong loan growth (+7% QoQ) and NIM (up 10bps QoQ to 3.87%), while net slippages turned negative and SMA-2 eased QoQ. Q2FY27 PAT came in at INR 4.16bn (+27% YoY; 3% beat partly offset by higher tax) and RoA inched…