City Union Bank Plans ₹500 Cr Fund Raise via QIP

City Union Bank Ltd announced its board has approved raising further capital up to ₹500 crore through the Qualified Institutions Placement (QIP) route. This decision was made during a board meeting held on June 23, 2026. The proposed fundraise, including any premium, will be presented to the shareholders for approval as an enabling resolution at the upcoming Annual General Meeting (AGM). The bank also announced that its AGM will be held on Friday, August 14, 2026, with the record date for dividend payment to be fixed accordingly. Dividend will be paid on or after August 14, 2026, within statutory timelines.