City Union Bank Limited has continued its aggressive expansion strategy with multiple branch openings in April 2026. The bank opened six new branches on April 13, 2026, followed by three additional branches on April 15, 2026, and four more branches on April 16, 2026, bringing the total branch network to 963 locations across India.

Recent Branch Expansion Overview

The bank's expansion activities in April 2026 demonstrate its commitment to strengthening physical banking infrastructure across diverse geographical markets, with 13 new branches opened within four days.

April 13, 2026 Branch Openings

The first wave of expansion included six strategically located branches across four states:

April 15, 2026 Branch Openings

The second phase of expansion added three more branches across northern Indian states:

April 16, 2026 Branch Openings

The latest expansion phase added four new branches across key commercial centers:

Strategic Location Details

The April 16 branches are positioned in commercially important areas. The Kakkanad branch operates from J Tower on Info Park Main Road, while two branches in Kolkata serve the Thakurpukur and Park Street areas. The Srikalahasti branch is located on Bazar Street in Tirupati District, Andhra Pradesh.

Network Expansion Impact

With 13 new branches opened within four days, City Union Bank has significantly enhanced its presence across nine Indian states. The expansion covers both urban centers and emerging markets, reflecting the bank's strategy to capture diverse customer segments. The bank has duly informed the National Stock Exchange of India Limited and BSE Limited about these expansions as per regulatory requirements under SEBI Listing Regulations 2015.

City Union Bank has announced the allotment of 43,166 equity shares to its Managing Director and CEO Dr. N Kamakodi under the Employee Stock Option Scheme. The allotment was approved by the Nomination and Remuneration Committee of the Board of Directors at its meeting held on April 11, 2026.

Stock Option Exercise Details

The shares were allotted pursuant to the exercise of stock options by Dr. N Kamakodi under the CUB Employees Stock Option Scheme 2017 Part B. The allotment comprises shares from two different series with varying issue prices.

Impact on Share Capital

Following this allotment, City Union Bank's paid-up capital has increased from Rs. 74,30,47,262 to Rs. 74,30,90,428. This represents the direct impact of the stock option exercise on the bank's equity base.

Regulatory Compliance

The bank has informed the stock exchanges about this allotment under Regulation 30 of SEBI Listing Regulations, 2015 (as amended). The intimation was sent to both the National Stock Exchange of India Ltd. and BSE Ltd. on April 11, 2026, ensuring compliance with disclosure requirements for material events.