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City Union Bank gets nod to raise capital through QIP route

21 Jul 2017 Evaluate

City Union Bank has received an approval for raising further capital through Qualified Institutional Placement (QIP) route to the tune of Rs 500 crore (including premium). The board of directors at their meeting held on July 21, 2017, has approved for the same.

City Union Bank offers a suite of products across deposits, loans, investment solutions, payments and cards and the Bank also offers services, such as internet banking, mobile banking, including online funds transfer and fixed deposit operations. The Bank operates in four segments, which includes Corporate/Wholesale banking, Retail Banking, Treasury and Other Banking Operations.

City Union Bank Share Price

260.15 -10.50 (-3.88%)
08-May-2026 16:59 View Price Chart
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