City Union Bank
Latest news, results and stock-moving updates on City Union Bank. Tracking 4 stories on Arth Vani.
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Latest on City Union Bank
City Union Bank's GST Demand Cut by ₹128.88 Crore to ₹208.91 Crore
City Union Bank has seen a significant reduction in its Goods and Services Tax (GST) demand, with the amount now set at ₹208.91 crore. This represents a cut of ₹128.88 crore from the earlier demand of ₹337.79 crore, as reported by A2Z Taxcorp LLP. The reduced liability is a positive development for the private sector lender.
555-Day FDs: City Union Bank, Karnataka Bank Highlight Importance of Rate Comparison
Fixed Deposits (FDs) with a unique 555-day tenure from City Union Bank and Karnataka Bank have been highlighted in a comparison by Business Today. While specific interest rates for these FDs were not provided in the raw source material for this report, the situation underscores the crucial need for Indian retail investors to actively compare rates from different banks to maximize their returns.
City Union Bank Shares Drop 23%: Why Investors Should Not Panic Over the 'Crash'
City Union Bank shares witnessed a sharp 23% drop on the exchange, but the decline is a technical price adjustment rather than a loss in value. This move follows the bank's 1:3 bonus issue, where the stock price recalibrates to account for the increased number of shares in circulation.
City Union Bank Bonus Issue: Today is Your Last Chance to Qualify for 1:3 Shares
Investors looking to benefit from City Union Bank's upcoming bonus issue must purchase shares by the end of today's trading session. The private lender is offering one free share for every three shares held, with the record date set for June 12.
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