City Union Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
RBI fines City Union Bank
Fine or penalty
The Reserve Bank of India imposed a Rs 1 crore penalty on City Union Bank for contravention of specified directions and circulars.
Source excerpt
A penalty of Rs 1 crore has been imposed on City Union Bank Limited for contravention ofnon-compliance with certain provisions contained in the RBI (Lending to Micro, Small & Medium Enterprises (MSME) Sector) Directions, 2017 and the circulars on Educational Loan Scheme and Credit Flow to Agriculture - Agricultural Loans - Waiver of MarginSecurity Requirements.