Corporate Action11 Sept 2026, 09:20 pm
City Union Bank: RBI Approves Amendments to MOA & AOA
AI Summary
City Union Bank has received no objection from the Reserve Bank of India (RBI) on September 11, 2026, regarding proposed amendments to its Memorandum and Articles of Association (MOA & AOA). The key changes include an increase in authorized share capital to Rs. 200 crores, divided into 200 crore equity shares of Rs. 1 each. Additionally, Clause 4(i) of the Articles of Association has been amended to allow the bank to increase or reduce its authorized capital as per resolutions. These amendments are crucial for the bank's future capital management and strategic flexibility.
Key Highlights
- RBI approved amendments to City Union Bank's MOA and AOA.
- Authorized share capital increased to Rs. 200 crores.
- Clause 4(i) of AOA amended for capital modification flexibility.
- Amendments aim to enhance strategic and capital management.
Price Impact
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