City Union Bank has informed that the board of directors of the bank at its meeting held on June 22, 2012 has resolved to seek the approval of the share holders of the bank to augment capital up to Rs. 350 crores inclusive of premium through the process of Qualified Institutional Placement (QIP) subject to the applicable laws and regulations including the guidelines issued by RBI and SEBI by passing an enabling resolution at its ensuing annual general meeting.
The above information is a part of company's filings submitted to BSE.
