GK and monthly revision

City Union Bank to raise over Rs 500 crore through QIP

City Union Bank's board has approved a plan to raise up to ₹500 crore through a qualified institutional placement (QIP), subject to shareholder approval at the AGM scheduled for August 14, 2026. This capital-raising initiative is crucial for enhancing the bank's financial stability and growth prospects. Additionally, shareholders will vote on a proposed dividend of ₹2 per share for FY26, which represents a significant 200% payout on the face value, underscoring the bank's commitment to returning value to its investors.