City Union Bank Limited has announced a strategic partnership through a quadripartite Memorandum of Understanding signed on March 07, 2026, to establish a Centre of Excellence in Artificial Intelligence for Banking. This collaborative initiative brings together multiple partners to advance AI applications in the banking sector.

Partnership Structure and Roles

The quadripartite agreement involves four key entities, each contributing specialized expertise to the Centre of Excellence:

Centre of Excellence Objectives

The Centre of Excellence in Artificial Intelligence for Banking (CoE/AIDF) has been designed with comprehensive objectives to transform banking operations through AI integration. The Centre will focus on developing and deploying AI-driven solutions across multiple banking applications:

• Fraud Detection: Advanced AI systems for identifying and preventing fraudulent activities
• Credit Risk Analytics: Enhanced risk assessment and management capabilities
• Customer Behaviour Modelling: Improved understanding of customer patterns and preferences
• Regulatory Compliance Automation: Streamlined compliance processes through AI automation

Strategic Benefits and Implementation

As the Business Partner in this initiative, City Union Bank will provide crucial domain expertise, industry insights, and support for the development and testing of AI-based solutions relevant to banking operations. The bank has committed to nominating a Senior Executive to serve as the Industry Co-Chair of the Governing Council of the Centre of Excellence.

The Centre will support City Union Bank's ongoing digital transformation initiatives while simultaneously developing industry-ready talent in AI for Banking through academic programs, internships, and certification courses. This dual approach ensures both immediate operational benefits and long-term talent development for the banking sector.

Regulatory Compliance and Disclosure

The agreement has been disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015, ensuring full transparency with stakeholders. The bank has confirmed that this transaction does not fall within related party transactions and that none of the partnering entities are related to the promoter, promoter group, or group companies. No shareholding arrangements or share issuances are involved in this partnership structure.

City Union Bank Limited has expanded its branch network with the opening of two new branches on March 06, 2026. The bank announced this development in compliance with Regulation 30 of SEBI Listing regulations, bringing its total branch count to 920 across the country.

New Branch Details

The two new branches have been strategically located to serve customers in key metropolitan areas:

Network Expansion

With the addition of these two branches, City Union Bank has strengthened its presence in both Maharashtra and Gujarat markets. The Mumbai-Kandivali East branch marks the bank's continued focus on expanding within India's financial capital, while the Makarpura branch in Vadodara enhances its footprint in Gujarat's industrial corridor.

Regulatory Compliance

The bank has duly informed both the National Stock Exchange of India Limited and BSE Limited about this expansion as required under SEBI regulations. Company Secretary and Compliance Officer Venkataraman S signed the official communication to the stock exchanges, ensuring proper regulatory disclosure of this business development.

The expansion reflects the bank's ongoing commitment to increasing its physical presence and accessibility for customers across different regions of the country.