Page 2 - City Union Bank Ltd

Reserve Bank imposes penalty on City Union Bank, 3 other lenders

The RBI has imposed monetary penalty on City Union Bank, Tamilnad Mercantile Bank and two other lenders for contravention of certain directions issued by the central bank. A penalty of Rs 1 crore has been imposed on City Union Bank Limited for contravention of/non-compliance with certain provisions contained in the RBI (Lending to Micro, Small & Medium Enterprises (MSME) Sector) Directions, 2017 and the circulars on Educational Loan Scheme and Credit Flow to Agriculture Agricultural Loans Waiver of Margin/Security Requirements. In another statement, the RBI said it has imposed penalty of Rs 1 crore on Tamilnad Mercantile Bank for non-compliance with certain provisions of directions issued by it on Cyber Security Framework in Banks. The Reserve Bank of India also imposed a penalty of Rs 90 lakh on Nutan Nagarik Sahakari Bank, Ahmedabad for non-compliance with directions Interest Rate on Deposits, Know Your Customer (KYC) and Circular on Frauds Monitoring and Reporting ...

Autos, RIL set-off losses in banks; Sensex dips 20 pts, Nifty holds 15,100

The broader markets, however, bucked the trend and ended higher today. The S&P BSE MidCap and SmallCap indices added 0.7 per cent and 0.4 per cent, respectively at close

City Union Bank Q3 PBT dips marginally to Rs 227.43 crore, income up 11%

Gross and net non-performing assets rise

City Union Bank Q1 profit up 15% at Rs 186 crore on prudent risk management

The bank continues to stay away from large corporate consortium lendings and infrastructure sector advances

How a small Tamil Nadu bank beat India's largest banks in the stock market

City Union Bank Ltd., a small lender based in Kumbakonam, has risen more than 27% over the last twelve months, the best performance of any Indian lender in the Bankex index after Axis Bank Ltd