City Union Bank Limited has announced the approval of Employee Stock Options under its CUB ESOS 2017 Scheme Part B for senior management personnel. The Nomination and Remuneration Committee of the Board of Directors sanctioned these grants during its meeting held on February 27, 2026, as part of the Variable Pay structure for FY 2025.

Stock Option Grant Details

The committee approved stock option grants for two key executives as part of their Non Cash component under Variable Pay. The grants have received regulatory approval from the Reserve Bank of India through approval letter no. DoR.GOV.No.7141/08.42.001/2025-26 dated December 17, 2025.

Regulatory Compliance and Structure

The stock option issuance follows the provisions of Regulation 30 and Part A & Para B under Schedule III of SEBI Listing Regulations 2015. Additional details have been provided pursuant to SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

The securities proposed for issuance are equity shares through the Employee Stock Options mechanism. This structure aligns executive compensation with the bank's performance and shareholder interests, providing a performance-linked incentive framework for senior leadership.

Corporate Governance Framework

The approval demonstrates the bank's adherence to regulatory guidelines and corporate governance practices in executive compensation. The RBI approval ensures compliance with banking sector regulations for variable pay components, while the SEBI compliance maintains transparency in stock option grants to key management personnel.

The total value of stock options granted amounts to ₹2.08 crore, reflecting the bank's investment in retaining and incentivizing its senior management team through equity-based compensation aligned with long-term organizational performance.

City Union Bank Limited has expanded its branch network with the opening of four new locations on February 27, 2026. The bank announced this development through a regulatory filing under SEBI Listing Regulation 30, bringing its total branch count to 917 across the country.

Branch Expansion Details

The new branches are strategically positioned across four states, enhancing the bank's geographical footprint beyond its traditional southern markets. Each branch has been assigned specific operational codes and addresses to facilitate seamless banking operations.

New Branch Locations

The four new branches span across diverse geographical markets, targeting both metropolitan and urban centers:

Strategic Market Expansion

This expansion marks a significant geographical diversification for City Union Bank, extending its presence into northern and eastern markets. The New Delhi branch at Kingsway Camp establishes the bank's footprint in the national capital, while the Bhubaneswar branch represents entry into the eastern market of Odisha. The Jaipur branch strengthens the bank's presence in Rajasthan, and the Alwal branch in Telangana continues the bank's growth in southern markets.

Regulatory Compliance

The bank has fulfilled its regulatory obligations by notifying both the National Stock Exchange of India Limited and BSE Limited about this expansion. The communication was signed by Venkataramanan S, Company Secretary and Compliance Officer, ensuring proper corporate governance protocols were followed.

This branch expansion reflects City Union Bank's commitment to enhancing customer accessibility and strengthening its retail banking network across multiple regions of India. The addition of these four branches represents continued growth in the bank's physical infrastructure, supporting its customer service capabilities in both established and new markets.