City Union Bank share price fell over 5% intraday on June 19 after the company reported a loss for the fourth quarter ended March 2020.

The stock price shed over 44% in the last 6 months and was quoting at Rs 129.00, down Rs 7.95, or 5.81% at 09.58 hours. It has touched an intraday high of Rs 132.50 and an intraday low of Rs 122.40.

The stock also witnessed a spurt in volume by over 2.13 times. It was trading with volumes of 144,830 shares, compared to its five-day averages of 29,274 shares, an increase of 292.26%.

City Union Bank reported a loss of 95.25 crore for the fourth quarter ended March 2020, due to a spike in bad loan provisioning. The private sector lender posted a net profit of Rs 175.11 crore during the corresponding quarter of the previous financial year 2018-19.

Sequentially, the bank registered a net profit of 192.43 crores in the December 2019 quarter.

On the asset front, bad loans spiked as gross non-performing assets rose to 4.09% of the gross advances as on March 31, 2020, as against 2.95% in the year-go corresponding quarter.

"The bank, based on available information at this point in time and as a prudent measure, has made a provision of Rs 125 crore in the current quarter that included an ad-hoc COVID-19 provision of Rs 102 crore, over and above the RBI prescribed norms, " it said.