City Union Bank

City Union Bank has entered into bancassurance agreement with Tata AIA Life Insurance and Shriram General Insurance. Under this agreement, Shriram General Insurance will offer general insurance products, while Tata AIA Life Insurance will offer life insurance products through the branch network of the bank. Bancassurance is an arrangement between a bank and an insurance … Read more

Mumbai : The RBI has imposed monetary penalty on City Union Bank, Tamilnad Mercantile Bank and two other lenders for contravention of certain directions issued by the central bank. A penalty of Rs 1 crore has been imposed on City Union Bank Limited for contravention of/non-compliance with certain provisions contained in the RBI (Lending to … Read more