City Union Bank, led by N Kamakodi, aims for significant growth in insurance income to Rs 55 crore in FY 24, with a PAT of Rs 1,016 crore and NIM within guidance levels.
City Union Bank anticipates significant growth in income from the insurance sector in FY2024. The Tamil Nadu-based bank has onboarded six insurance companies, doubling its insurance income and expecting further growth. Additionally, it plans to open new branches and enhance digital lending to boost credit growth.
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