City union bank has opened its 902nd branch in Jhansi, Uttar Pradesh, marking another milestone in the bank's expansion strategy. The bank informed the National Stock Exchange of India Limited and BSE Limited about this development under Regulation 30 of SEBI Listing Regulations 2015 on January 23, 2026.

Branch Details and Location

The new Jhansi branch is strategically located in the commercial area of the city to serve local customers effectively. The branch details are as follows:

Network Expansion Milestone

With the opening of the Jhansi branch, City Union Bank Limited now operates a total of 902 branches across India. This expansion demonstrates the bank's commitment to extending its retail banking services to tier-2 and tier-3 cities, enhancing financial inclusion and accessibility for customers in these regions.

Regulatory Compliance

The bank has fulfilled its regulatory obligations by promptly notifying both major stock exchanges about this business development. The communication was sent to NSE at Exchange Plaza, Bandra-Kurla Complex, and BSE at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, ensuring transparency and compliance with listing regulations.

The notification was signed by Venkataramanan S, Company Secretary and Compliance Officer of City Union Bank Limited, maintaining proper corporate governance standards in the disclosure process.

SBI Mutual Fund, one of India's leading asset management companies, has reduced its stake in City Union Bank , according to a recent regulatory filing. This move represents a shift in the fund's investment strategy and triggers regulatory disclosure requirements.

Key Details of the Transaction

Transaction Highlights

• Shares Sold: SBI Mutual Fund sold 52,81,184 shares of City Union Bank.
• Percentage Decrease: The fund's shareholding decreased by 2.42 percentage points.
• Regulatory Compliance: This transaction triggered disclosure requirements under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Impact and Implications

1. Portfolio Rebalancing: This reduction in stake suggests a decision by SBI Mutual Fund to rebalance its portfolio.
2. Market Signal: Moves by large institutional investors can sometimes be perceived as a signal about the stock's prospects, although it's important to note that fund decisions are based on various factors.
3. Regulatory Transparency: The disclosure ensures transparency in the market, allowing other investors to be aware of significant changes in institutional holdings.

Investors and market watchers may want to keep an eye on any further changes in institutional holdings of City Union Bank, as well as any potential impact on the stock's performance.