Credit rating agency, CARE has reaffirmed A+ rating to City Union Bank’s Lower Tier Ii Bond issue worth Rs 40 crore. The rating continues to derive strength from the long-standing operations of City Union Bank (CUBL), its healthy profitability arising out of operational efficiency and robust capitalization levels characterised by high Tier I CAR.
City Union Bank offers a suite of products across deposits, loans, investment solutions, payments and cards. The Bank operates in four segments, which includes Corporate/Wholesale banking, Retail Banking, Treasury and Other Banking Operations. The Bank offers services, such as Internet banking, mobile banking, including online funds transfer and fixed deposit operations.