The bank seeks to grow 2-3% more than the growth of industry in the current financial year, says City Union Bank MD N. Kamakodi. | Photo Credit: Ragu R
MSmes, who expects to reflect the growth of exports, would now have to accept the fact that this would not happen quickly in the middle of 25% of the tariff stored USA, N. Kamakodi, MD and CEO, City Union Bank (CUB).
CUB has almost 50%credit book, he told Hindu in an interview.
Approximately 1,200 GBP Crore from the book 55,000 GBP has exports. This will focus 200 Crore on US exports, Mr. Kamakodi said.
“MSMes was able to survive diversification on other markets and also focusing on the domestic market. Rupees depreciation also helps them export to other countries and offer them a pillow,” he said.
“Although it is difficult, entrepreneurs would reappear and bounce,” said Mr. Kamakodi.
Regarding financial performance, he said that the bank faced growth problems in the financial year 2022-2023 and stabilized in the financial year 2024-2025.
“We closed the financial year 2024-2025 with 14% of the loan.
He also stated that industrial concerns expressed around deposits for the same time in the last financial year have now been normalized. The bank deposits increased by 20%in the first quarter of 2025-2026.
Mr. Kamakodi said that in the first quarter of 2025–2026 from the fourth quarter of 2024-2025 in the first quarter 2025–2026, approximately 500 GBP increases increased growth.
He also stated that the bank has recorded a decline in gross and net non -payable assets (NPA) in the last 8-10 quarters and is expected to continue this trend.
The bank seeks to grow 2-3% more than the growth of industry in the current financial year, Mr. Kamakodi said.
According to the regulations, Mr. Kamakodi, who has been at the head of the bank for 14 years, must withdraw and hand over his successor to his successor on April 30, 2026.
“Planning of succession will start from October.
Published – 2 August 2025 17:16
