Cathay General Bancorp
Cathay General Bancorp (NASDAQ: CATY) is trading at $61.45, about ₹5,895 at today's USD/INR rate, as of 25 Sep 2026, 4:00 PM ET, up 0.52% today. Indian residents can buy Cathay General Bancorp from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$61.29
Today's high
$61.92
52 week low
$44.57
52 week high
$65.26
CATY opened at $61.51, closed previously at $61.13, and has traded between $44.57 and $65.26 over the past 52 weeks.
About
Cathay General Bancorp serves as the parent entity for Cathay Bank, a financial institution that delivers a broad spectrum of commercial banking solutions. These services are tailored for individual clients, professional practices, and small to medium-sized enterprises, primarily within the United States. The bank offers a diverse array of deposit products, encompassing passbook, checking, and money market accounts, alongside certificates of deposit (CDs), individual retirement accounts (IRAs), and public sector fund deposits. On the lending side, Cathay Bank provides various loan offerings, including commercial mortgages, general commercial loans, Small Business Administration (SBA) loans, residential mortgages, and real estate construction financing, as well as home equity lines of credit. It also extends personal installment loans designed for household and other consumer expenditures. Beyond its core banking activities, the company furnishes services such as trade financing, letters of credit, wire transfers, foreign currency spot and forward contracts, and traveler's checks. Additional conveniences include safe deposit boxes, night deposit facilities, Social Security payment deposits, collection services, bank-by-mail, drive-up and walk-up windows, automatic teller machines (ATMs), and internet banking. Furthermore, it offers investment services, various other customary banking provisions, and both securities and insurance products. As of March 1, 2022, Cathay General Bancorp maintained a substantial physical presence, operating 31 branches in Southern California, 16 in Northern California, 10 in New York, four in Washington, and two each in Illinois and Texas. Single branches are located in Maryland, Massachusetts, Nevada, New Jersey, and Hong Kong. The corporation also maintains representative offices in Beijing, Taipei, and Shanghai. Established in 1962, the company maintains its headquarters in Los Angeles, California.
Key statistics
Avg. volume
481.49K
Market cap
$4.12B
P/E Ratio
11.93
Price-to-sales ratio
2.96
Enterprise value
$4.11B
Free cash flow yield
12.96%
Debt-to-equity ratio
0.05
Return on equity
11.71%
ROIC
10.26%
Beta
0.84
Dividend yield
2.41%
Last dividend
$1.48
Financial overview
Revenue
$1.38B
Earnings per share
$4.57
Free cash flow
$363.66M
Net profit margin
24.97%
Gross margin
57.16%
EBITDA
$431.08M
Revenue growth
-0.43%
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This is not an investment recommendation
How to buy Cathay General Bancorp from India
Indian residents can buy Cathay General Bancorp shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Cathay General Bancorp and place an order
Find Cathay General Bancorp by name or by its ticker, CATY, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Cathay General Bancorp trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Cathay General Bancorp position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Cathay General Bancorp from India
Trading and taxes when buying Cathay General Bancorp from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Cathay General Bancorp’s current yield is 2.41%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Cathay General Bancorp stock?
Yes. Cathay General Bancorp (CATY) has been listed on NASDAQ since 1990, in the Banks - Regional industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Cathay General Bancorp share cost in rupees?
One Cathay General Bancorp share is $61.45 — about ₹5,895 at a USD/INR rate of 95.93 on 27 Sep 2026. Both the Cathay General Bancorp price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Cathay General Bancorp from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of Cathay General Bancorp?
Yes. One Cathay General Bancorp share is $61.45, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Cathay General Bancorp.
How are gains on Cathay General Bancorp shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Cathay General Bancorp price. Paasa issues a capital-gains statement for your return.
Does Cathay General Bancorp pay a dividend, and how is it taxed in India?
Yes. Cathay General Bancorp pays a dividend and the current yield is 2.41%; the last declared dividend was $1.48 per share, about ₹141.98. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Cathay General Bancorp from India?
NASDAQ trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Cathay General Bancorp shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare Cathay General Bancorp shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Cathay General Bancorp holding, its cost and its closing value.
How do I sell Cathay General Bancorp and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.