The bank will seek shareholders approval for the proposed fund raising in an annual general meeting to be conducted on 18 August 2022, by way of enabling resolution. The bank added that last year it had obtained the approval of the shareholders for raising capital through QIP but did not utilize the same. City Union Bank offers a wide range of banking and financial services across India, including both domestic and International banking services. The private sector banks net profit jumped 87.9% to Rs 208.96 crore on 11.7% rise in total income to Rs 1,252.87 crore in Q4 FY22 over Q4 FY21. Powered by Capital Market – Live News
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