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trtry

UNrtrN BaNK LTD.,

"NARAYANA" Admin istrative Office,


No.24-8, Gandhi Nagar, Kumbakonam - 612 001.
Phone:0435 -2402322 - Fax: 0435 -2431746
E-mail: shares@cityunion ban k. com - Website: www. cityun ion bank. com
ClN : L65110TNl 904P1C001287

GUB

TRUSTAND eXiSt-l-SUCr
SINCE 1904

C.O/Shares/LR-5/2016

10th November 2016

National Stock Exchange of India Ltd.,

BSE Ltd.,
DCS _ CRD,

Exchange Plaza, 5th Floor,

Plot No.C/l, G Block,


Bandra-Kurla Complex,
Bandra (E),

Mumbai4O0

Phiroze Jeejeebhoy Towers,


25th Floor, Dalal Street,

Mumbai 4OO O01

05i

Scrip Code: CUB


Dear Madam

Scrip Code: 532210

Sir,

Sub: Outcome of Board Meeting

In corttinuation to our com,"nunication dated 1't November 2016, we hereby inform that the Board at its
meeting held today, the 10th November 2016, considered and approved the Un-audited Financial Results
of the Bank for the quarter/ half year ended 30th September 2016. The detailed format of the Un-audited
Financial Results together with

the Limited Review Report is enclosed for your records. A copy of the

same is also uploaded in the Bank's website www.cityunionbank.com.

Further, an extract of the financial results shall b6 published in a manner as prescribed under SEBI listing
regulations.

Time of commencement of Board meeting

: 11.00 a.m

Time of closure of Board meeting

: 11.58 a.m

You are kindly requested to take the above on record.

Thanking you
Yours faithfulty
foT

CITY UNIoN BANK LIMITED

V Ramesh

General Manager

CFO & CS

M/s. P. Chandrasekar
Chartered Accountants
S-512, 514 ManipalCentre, #47,Dikenson Road, Bangalore

-560042.

Ph :080-25585443

Telefax :08G25597494
e-mai I : partner@pchandrasekar.com

INDEPENDENT AUDITORS' REVIEW REPORT TO THE BOARD OF DIRECTORS OF

CITY UNION BANK LIMITED

lo
The Board of Directors of
CITY UNION BANK LTD.

1.

We have reviewed the accompanying statement of Unaudited Financial Results of CITy UNION BANK
LIMITED ('the Bank) for the Quarter Half year ended 30th September, 2016 ('the Statement),
excluding the'Basel III - Pillar 3 Disclosures'disclosed on the Bank's website and in respect of which
a link has.been provided in the Statemen't, being submitted by the Bank pursuant to the requirement
of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This statement which is the responsibility of the Bank's management and approved -by the Board of
Directors, has been prepared in accordance with the recognition and measurement principles laid
down in Accounting Standard For Interim Financial Reporting (AS 25), prescribed under Section 133
of the Companies Act 2013 read with relevant rules issued there under in so far as they apply to
banking companies and circulars and guidelines issued by Reserve Bank of India and other
accounting principles generally accepted in India. Our responsibility is to issue a report on the
statement based on our review.

.
'
2.'

We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410,
'Review of Interim Flnancial Information Performed by the Independent Auditors of the Entity'
issued by the Institute of.Chartered Accountants of India. This Standard requires that we plan and
perform the review to obtain moderate assurance as to whether the Statement is free of material
misstatement. A review of interim financial infdrmation consists of making inquiries, primarily of
persons responsible for financial and accounting matters and applying analytical and other review
procedures. A review is substantially less in scope than an audit conducted in accordance with
Standards on Auditing and consequently does not enable us to obtain assurance that we would
become aware of all significant matters that might be identif,ed irt an audit. Accordingly, we do not
express an audit opinion.

3.

In the conduct of our

Review, we have relied on the revierv reports, rceived from auditors of


136 branches. Apart from these reports, in the conduct of our review, we have also relied upon
various returns of the branches of the Bank.

4.

Based on our review conducted as stated above, nothing has come to our attention that causes us
to believe that the accompanying Statement, prepared in accordance with the aforesaid Accounting
Standards and other accounting principles generally accepted in India in so far as they apply to
Banking Companies atld circulars and guidelines issued by the Reserve Bank of India from time to
time, has not disclosed the information required to be disclosed in terms of Regulation 33 of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including the manner in
which it is to be disclosed, or that it contains any material misstatement or that lt has not been
prepared in accordance with the relevant prudential norms prcscribed by the Reserve Bank of India

in respect of Income Recognition, Asset Classification, Provisioning and other related matters.

For M/s. P CHANDRASEKAR


CHARTERED ACCOUNTANTS i ""

Firm Registration No: 000580 S'

Place: Chennai
Date: 10.11.2016

Bangalore.

* Chennai

Membership No: 28508

trITY TJNItrN BANK LTD.,


crN No.16511oTN1904P1C001287
Regd.Office: 149 T.S.R. ( Big) Street, Kumbakonam 612001

REVIEWED FINANCIAL RESULTS FOR THE QUARTER/PERIOD ENDED 3oth SEPTEMBE& 2016
'Rs in Lakhs)

Pafticulars

[.

30.o9.2016

Interestearned (a+b+c+d)

79067.48

a ) rnteresvDlscount on Advances/Bills
b) Income on Investments

89486.64

88330.97

82944.97

L778L7.67

154038.12

335418.55

48947.83
16864.s8
7691.35
9773.23

49277.61

49443.4(

15535.7:

tzg+t-

98165.42
32400.3

55812.41

ordinary items (Net of Tax ExDense)

14. Net Profit / (Loss) for the Deriod (12) - (13)

15.
16.

453.28
11 1

259.1

15558.2:
26691.41

508.9r

t238.7t
t9940.7

4893.01
8048.91

14002_7(

18397.61

16359.9i

647s3.34

62425.35

130565.7s

1238,02.67

252090.24

23674.23

23577,63

20519.62

4725L.46

40235.45

83328.31

6700.0c
0.00
16974.23
4600.0c

7074.91
0.00
16502.56
4150.00

4985.0t

15l 14.9 )

9495.

23059.0C

tr.t,
15534.62

12974.23
0.0t
12374.23
5981.91

631 1.35

9224.

0.0(

4750.0C

30740.4!
8800.0(

12352.66

1o7a4.62

24726.49

0.00

L2352.66

LO744.62

0.0r
24726.A9

2L94().4s
0.0t

44tt69.31

0.0(

2494()-45

44469,31

5981.91

5981.91

5981.91

5981.91

s981.9r
2992t7.66

NJ

NiI

Nil

14.8301

15.25o/(

15.090/o

2.0)

2.07

1.81

annualised) (Rs.)

2.O2

2.01

7.71

iv) NPA Ratios


(a) Gross NPA
(b) Net NPA

59797.O9

55s03.49

3s850.2

33398.14

2.65

2.62

1.63

1.59

1.500/.

1.550/c

annualised) (Rs.)
EH5

0.00

i!

i) % of shares held bv Government of India


ii) Capjtal Adequacv Ratjo (o/o) - Basel III
iii) Earnino Per Share (EPS)
Hasrc EPs - Defore/after extra ordinary items (Not
uilureo

0.00
60269.31
15800.0c

334
8750.0(

sheet of previous accountinq vear)

ratios

+u99/,
196317.39
55772.85
21316.84
34456.01

Paid up equiw share CaDital (Face value of Re.1/- each)


Reserves excluding revaluation reserves (as per balance

17. Analftical

54097
1249.6(
2774.4(

97724.21
26074.4(
97L8.5t

12. Ner Profit / (Loss) trom ordinaly Activities after tax


(10) - (11)

58295.4t
14326.2;

L44097.34

612.4t

Provisions (other than tax) and continqencies


Exceptional Items
ryqit / (Loss) from Ordinary Activities before tax (7)-(8)-(9)
Tax ExDenses

13. Eltra

Revi ewed

L56287.75

Year ended
31.03.2016
Audited
294420.78
t3bt59.6:

9451.7i

oeraunq ExDenses (i) + (


Employees Cost
(ii) Other ODeratino exDenses

Q.
11.

30.09.2015

10.70

12955.1

10419.1 r

Total Expenditure (4) + (5) excluding provisions and


contingencies
uperaung Protlt before provtstons and contingencies
(3) - (6)

30.o9.2016

4t1.59

d) Others
Other Income

Totallncome(1+2)

Period ended

128L67.12
26382.14
901.66
836.8:
21529.8(

Interest ExDended

).

63390.2'

64776.8!
134t7.O1
448.3f
425.2t

c) Interest on balances with RBI and other Inter Bank funds

3.

uarter ended
30.o6.2016 30.o9.2015
Reviewed
77220.27
73493-

- oelore/after eKra orolnary ltems (Not

(c) o/o of Gross NPA


(d) o/o of Net NPA

v) Return on Assets - Annualised

Statement of Assets & Liabilities

Ni

Ni

15.O90/"

15.5801

4.1

3.6t

7.44

4.03

3.41

7.27

39829.3(

59797.09

39829.3t

51

25s93.62

2ss93.6i

32315.40

2_1(

35860.26
2.6(

2.7(

2.41

1.35

1.6:

1.3f

1.53

1.450/o

1.5301

l.sloL

l.Soo/t

(Rs in Lakhs)

30.09.201r
30.o9.2016
(Reviewed)

Capital and Liabilties


:aDital

5981.91
323944.55

leserves & Surolus


)eposits

2839278.91

lorrowinqs

5981.91

285938.2[
2561610.5i

ffi49.31

14080.9:

110478.4t

109392.51

3286133.30

2977004.15

Cash & Balance with RBI

136904.13

128285.83

Balances with Banks and Monev at Call

137898.36

98928.71

670867.14

723507.68

279716s.62

1878457.90

)ther Liabilities & Provisions

fotal
Assets

nvestments
Advances
Fixed Assets

2096s.28

21939.23

Other Assets

t22332.78

125884.80

3286133.30

29770o,4.15

Total

:; lr ; :,J

iuT

'

..-:

UlTY

!l'

l::

ITn

'rQ,n^^ufV-l
Ciimpa*y $eci

Ni

74.830h

198.1f

Notes

The above unaudited flnancial results for the period ended 30th September 2016 have been subjected to Limited Review by Statutory Central
Auditors of the Bank and reviewed by the Audit Committee of the Board and approved by the Board of Directors at their meeting held on
10th November 2016.

The above working results for the period encjed 30th September 2016 have been arrived at after making provisions for
Standard Assets, Non Performing Assets and Depreciation on Investments, Employee benefits, taxes & other usual and necessary provisions
on an estimated basis.

There has been no change in the accounting policies followed by the Bank during the period ended 30th September 2016 as compared to those
followed in the preceeding financial year ended 31st March 2016.

In accordance with the RBI circular DBOD. No. BP. BC U21.06.20U2015-16 dated olstJuly 2015, Banks are required to make Pillar III disclosures
under Basel III capital requirements and the disclosure for 30th September 2016 is being made available on the Bank's web site (www.cityunionbank.com).
The disclosures have not been subjected to audit or limited review by the Statutory Centrel Auditors of the Bank.

The bank has provided Rs.15.00 crs towards probable shortfall in the future realisation of Security Receipts.

Number of Investor complaints pending at the beginning of the quarier Pending complaints as on 30th September 2016 : Nil

Nil. Received during the quarter - 3

Disposed of during the quarter - 3

Figures ofthe corresponding period have been reclassified/regrouped, wherever cohsidered necessary.

By order of the Board

GV,ry
Dr. N.

Place : Chennai

Date :

10tn November 2016

This is the statement referred to in our repoft of even date.

for M/s. P. Chandrasekar,


Chartered Accountants,

FirmNo.00580-S

Larctrny.
Paftndr.
M.No.28508
Place : Chennai

Date : 10th November 2016

KAMAKODI ,/
CEO
,/

MD &

CITY UNION BANK LTD., CENTRAL OFFICE, KUMBAKONAM


SEGMENT REPORTING FOR THE PERIOD ENDED 30.09.2016

Segmentwise Results
Rs in

Pafticulars
30.09.2016

Quafter ended
30.06.2016

Period ended

30.09.20r5

Reviewed

30.09.20r6

Year ended

30.09.2015

Revi ewed

Segment Revenue
a) Treasury

b) Corporate / wholesale bankinq

t8445
2209t

c) Retail Banking

31.03.2016
Audited

18737

18083

37t82

20876

48783

22209
47294

168

91

19C

44300
96077
259

Total

89487

88331

8294!

t778t8

164038

Less : Inter seoment revenue


Total

86864
177529
773
335419

89487

88331

82945

t778t8

164038

335419

9604
4488

8437

7479
5727

18041

12228

32019

6041

11355

951i

22628

9092

7t90

10529
18603

t6524

d) Other Bankinq Operations

4379e

34544
40733
88s00

26t

702s3

Segment Results
a) Treasury

b) Corporate / wholesale bankino


c) Retail Bankinq

7L

tzg

23578

124
20520

79

23674

47252

40231

28198
483
83328

23674

23578

20s20

47252

40235

83328

670C

7075

4985

t3775

9495

23059

16974

16503

15s3s

33477

30740

60269

4600

4150

475C

8750

8800

15800

L2374

12353

10785

24727

2L940

44469

a) Treasury

895168

918860
627734

918860
627134

839891

757882

936386
713195
1485910

895168

b) Corporate / wholesale bankinq

t344012

1490477
74724

*) Other Bankinq Operations


Total
Operatinq Profit
Other Provisions & Continqencies
Exceptional items

Profit Before Tax


Iaxes includinq Deferred Tax

Net Profit
Segmental Assets:

c) Retail Bankinq
d) Unallocated
Total Assets

t544t70

13440t2

757882
t544170

720t04

88913

91208

86998

88913

3285133

3226699

2977004

3286133

85998
29770,0,4

3125196

80140C

8425t9

828s29

759002

5728t7

t227602

689120
1404070

61677

651841
1357966
56821

828s29
5728t7

80140C

68912C

56136

6t617

56136

654240
13s4151
52603

29562(J7

2909L47

2685084

2956207

2685084

2819996

93768
68762

93867
61354

90331
54311

93758

90331

68762

543t7

80889
65864

140100

127944

Seqmental Liabilities:
a) Treasury

b) Corporate

wholesale bankinq
c) Retail Bankinq
d) Unallocated

Total

t40407c

t227602

pital Employed:
Segment Assets - Segment Liabilities

a) Treasury
b) Corporate / wholesale bankino
c) Retail Bankinq

d) Unallocated
27296
34387
Tota!
329926
3L7552
There are no significant residual operations carried on by thelank.

PART B: GEOGRAPHIC SEGMENTS:


The bank operates only in India

1641C

140100

30862

27296

116410
30862

29L920

329926

29L920

136326

22Lzt
305200

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