City Union Bank Ltd Approves Dividend; Appoints New Statutory Central Auditors; Announces Board Changes

City Union Bank Ltd announced that at the Annual General Meeting (AGM) of the members of the Bank held on August 27, 2011 the following resolutions have been approved the declaration of dividend at INR0.85 per share of face value INR1 (i.e. 85%) on the paid up capital for the year ended March 31, 2011; appointment of M/s. Jagannathan & Sarabeswaran as the Statutory Central Auditors of the Bank to hold the office from the conclusion of this AGM until the conclusion of next AGM; appointment of Dr. N. Kamakodi as Managing Director and CEO of the Bank; appointment of Shri S. Balasubramanian as Non Executive Chairman of the Bank.