City Union Bank

Kumbakonam, India

City Union Bank is a private bank in India offering a comprehensive range of banking services including savings and current accounts, loans, and digital banking solutions. With a focus on customer centricity and innovation, the bank strives to deliver quality financial products and personalized services to its customers.

CCI Score

-40.73

0.03% April 18

Latest Event

City Union Bank Fined ₹66 Lakh for Regulatory Non-Compliance

City Union Bank Ltd. was fined ₹66 Lakh by the RBI for failing to comply with prudential norms related to income recognition, asset classification, and NPA and KYC guidelines, revealing significant lapses in its business practices and ethical responsibility.

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TOADIE

City Union Bank is currently rated as a Toadie.

-30 to -44 CCI Score

Companies scoring in this range actively seek to please authoritarian regimes. They offer proactive support and assistance in exchange for preferential treatment, compromising ethical standards for business gains and political favor.

Latest Events

FEB

27

2024

City Union Bank Fined ₹66 Lakh for Regulatory Non-Compliance
-44.61

City Union Bank Ltd. was fined ₹66 Lakh by the RBI for failing to comply with prudential norms related to income recognition, asset classification, and NPA and KYC guidelines, revealing significant lapses in its business practices and ethical responsibility.
-50

Business Practices and Ethical Responsibility

March 22

The fine imposed by the RBI for non-compliance with regulatory directives highlights a serious breach in responsible business practices and ethical standards. This failure undermines financial integrity and regulatory oversight, reflecting a potentially broader disregard for ethical business responsibilities within the organization.

City Union Bank Fined ₹66 Lakh: Regulatory Non-Compliance
MAR

31

2022

Regulatory Penalty for Non-compliant Practices at City Union Bank
-36.84

City Union Bank was fined by RBI for significant non-compliance with prudential norms on income recognition, asset classification, and provisioning, reflecting serious ethical lapses in its business practices.
-50

Business Practices and Ethical Responsibility

March 22

City Union Bank was penalized by the RBI for violating regulatory directives related to prudential norms, indicating significant shortcomings in its adherence to ethical business practices and responsibility. This non-compliance undermines trust and points to systemic issues within its operational oversight.

RBI Slaps Rs82 Lakh Penalty on City Union Bank and Ocean Capital Market for Regulatory Violations