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City Union Bank chief expects total recast at around 5-6%

N Kamakodi, MD & CEOPrivate sector lender City Union Bank (CUB) said the bank has identified accounts worth Rs 1,037 crore for restructuring during the fourth quarter of the current fiscal. Out of these, around 102 accounts amounting to Rs 517 crore are under MSME and 1,224 borrowal accounts amounting to Rs 520 crore are in the non-MSME category, N Kamakodi, MD & CEO, told analysts at an earnings call recently.“Overall, the total restructuring will be around 5-6%, which is well within the range we shared with you all. During Q3, we have restructured 60 borrowal accounts to the tune…

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