E y UNItrN BANK LIMITED

(@)
\"7

ctN . 165110TN1904P1C001287

EUB

Regd office, No. 149, TSR (8ig) Streel, Kumbakonarn - 612 001
Phone : 0435 - 2421058 : Fax : 0435' 2431746
E mail I shares@cilyunionbank

com :

Websile: www.cityun ionbank.com

C.O/Shares/LR 5/2016

loth August 2016

National Stock Exchange of lndia Ltd.,

Exchange Plaza, 5tr Fioor,
PIot No.C/1, G Bloclt
Bandra Kurla Complex,
Bandra (E),
Mumbai 4OO 051

BSE Ltd.,

Scrip code: CUB

Scrip Code: 532210

Dear Madam

DCS

CRD,

Phiroze Jeejeebhoy Towers,

25th Floor, Dalal Street,
Mumbai 4OO O01

Sir,
Sub; Outcome of Board Meeting

In continuation to our communication dated 1i August 2016, we hereby inform that the

at its meeting held today, the

10th August

Board

2016, considered and approved the Un-audited

Financial Results of the Bank fbr the quarter ended 30th lune 2016. The detailed format of the

{Jn-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 w$vr',citvunionbank.com.

Further, an extract of the flnancial results shall be published in a manner as prescribed under
SEBI listinq regulatjons.

'llme of commencement of Board meeting

llme of closure of Board meeting

lo r35 a.*
1?r lo f*

You are kindly requested to take the above on record.

Thanking you
Yours
foT

faitifully

CITY UNION BANK LIMITED

War../"",
V Ramesh

General Manager

CFO & CS

6*'-.$

M/s. P. Chandrasekar
Chartered Accountants
5-512, 514 Manipal Centre, #47, Dikenson Road, Bangalore - 560 042.

Ph | 080-25585443

Telefax i 080-25597494
e mail : partner@pchandrasekar.com

INDEPENDENT AUDITORS'REVIEW REPORT TO THE BOARD OF DIRECTORS OF

CITY UNION BANK LIMITED
1,

We have reviewed the accompanying statement of Unaudited Financial Results of CITY UNION BANK
LIIYITED ("the Bank") for the Quarter ended 3oth June, 2016 ("the Statement'), excluding the'Basel
I - Pillar 3 Disclosures'disclosed on the Bank's website and in respect of which a link has been
provided in the Statement, 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, guidelines issued by Reserve Bank
of India and other accounting principles generally accepted in lndia. 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 Financial Information Perfotmed by the Independent Auditors of the Entiy
'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 information consists of making inquiries, primarily of
persbns responsible for financial and accounting matters and applying analltical and other review
procedures. A review is substantially less in scope than an audit conduded 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; identified in an audit. Accordingly, we do not
express an audit opinion.

3.

In the

4.

to our attention that causes us

prepared
in
accordance
with the aforesaid Accounting
that
the
accompanying
Statement,
to believe
principles
generally
accepted
in
lndia,
has not disclosed the
other
accounting
Standards and
(Listing
SEBI
Obligations and
disclosed
in
terms
of
Regulation
33
of
the
information required to be
it
is
to
be
disclosed, or
2015,
including
the
manner
in
which
Disclosure Requirements) Regulations,
prepared
with the
it
has
not
been
in
accordance
that it contains any material misstatement or that
prudential
prescr;bed
of
Income
Recognition,
relevant
norms
by the Reserve Bank of India in respect
Asset Classification, Provisioninq and other related matters.

conduct of our Review, we have relied on the review reports, received from auditors of
136 branches. Apart from these reports, in the conduct of our review, we have also relied upon
vaaous returns ot the branc'res of Lhe Bank.
Based on our review conduded as stated above, nothing has come

For M/s, P CHANDRASEKAR

/r\\
Placei Chennai

Dater 10.08.2016

Bangalore

Chennai

SIBANGALoREj;

'^\ 42. I ;

Mq

CHARTERED ACCOUNTANTS

Firm Regi

No: 000580

rtner
I\4embership No:

City Union Bank ttd.,

cIN NO.L6511OTN!904PLCo01287

Fegd.O-r'":

t49-.Sa rBla 5.--.

<

.r Da.o.on o 200- '

REVIEWED FINANCIAL RESULTS FORTHE QUARTER !NDED 3oth.'UNE 2016

30.06,2016

1.

hterest earned (a+b+c+d)

.) Inlerest/DEcounl on Advances/Brlls
b) lncome on InvestmPnis
c) Interst on balances with RBI and other Intr Bank iunds

d) others

3.
4.
5.

Total Income ( 1 + 2 )

6.

Total Expenditure (4) + (s) excluding provLions and

7.

operating Profit befor provisions and .ontingen.is

(3) - (6)

8.
9.

Interest Eipended
Operaunq Expenses

()

+(

{otherthan t x) and continqrctes

Exeptonalltems
10. Profit / (Loss) from ordinary Acrvtties before tax (7) fB) (9)

1t.

12. Net Profit / (Loss) from Ordinary Activities atter tax

(10) - (11)

13, Extra ord narv items (Net oiTat Exoersel

14. Net Profit / (Loss) forthe period (12) - (13)
15. Paid up equity share Capita (Face valle of Re.1/ each)
16. Reserves exc udlng revaluaton resrves (asper babnce

30,06.201s

77220.27

75626,29

70604.09

12965.13

61379.91
13359.53

12365.19

.153.28

31.03.2016
29442(,.74
236759.6:

349.85

54097.09
1289.66

411.s9

445.47
481.39

11110.70

10725.58

626.30
10489.06

2274.40
40997.77

44330.97
492t7.6t

46351,47

41093.1s

335418.55

4914t.21

r96317.39

15535.73
6311.35

14766.33
5273 2A

55712.85
21316.84

) Othr ODerat na exDenses

Provis ons

31.03.2016

9493.13

8311.01

64753.34

63947.84

61377.32

252l)90.24

23577.63

22404.33

19715.83

43328.31

7Q74,97
0.00
16502 66

7081.00

0.00

004

15323.33

15205.83

4r50.00

4100.00

12352.66
000
L2352.66

L1223.33

11155.83

0.00

0.00

0.00

11223,33

11155,83

44469.21

5965 68

5981.91

5981.91

23059.00

0.00
60269:11

1s800.00

44469.31

sheet of previous accountnq year)

299217.66

17. Analytical ratios

o/0

ii)

Caoit

ofshare held bv covernment

Adequacv Ratio

(%)

oihd
IlI

Basl

Nit

Nil

15.250/o

15.580/.

15.58%

iii) Earninq Pershare (EPS)

Basic EPs beiore/aiter extra ordinary tems (Not annualised)
(Rs.)

t.88

l.a7

241

183

7,77

(a)

55501.49

511q8.18

(b) Net NPA

33398.14

32315.4Q

D uted EPs berore/aftr extra ordinary tems (Not

2,4!
1.59

!)

Return on Assers.Annuahsed

t.21
51198.18

2.4t

2.01
1.32

1,53

l.sava

1.550/o

qr.rterended 30th lune 2016 have been slbjected to Limited Reviw by

Statutory CentralAuditors of rhe B.nk and reviewed by the Aud t Comnr tt orthe Board and approved by the Board
oiD rectors attheir meetins held on l0th Auqusi 2016.
Tlre above unaudiled financial results lor the

The abov-. work ng resulls ror the quarter ended 30th June 2016 have beei adved at after mak n9 provisons
Slandard Assets inc lding iood credit lent to Punjab covernrnent, Non Performing Assets and DeprecaUon on
Investments, Emp oyee beneftt taxes & other usuatand necessary provstorc on an estirnated basis.

CEiIIREDJIUE

for

SOPY

l,fu-".4^/V

'rhere has been no change in the accounting policies lo owed by

the Bank dur ng the quarter ended 30th lune 2016 as
compared to those followed n ihe prceeding financia year ended 3tst tvtarch 2016.

In accordance with the RBI circuar DBOD. No. Bp_ BC V21.06.201/2015 16 datd 01st l!y 2015, Banks are required
to make P larIII disclosures lnder Basellll capita reqlrirements and the disctosure for 3oth llne 2016 is be n9 made
available on the Bank's wb site (ww.c tyu nionbank com). ite discosures have not been s!bjected to audit or tmired
review by the statutory CentralAuditorc ofthe Bank.

accordance wth R81 circu ar DBR. BP. BC. No.31/21.04.018/2015,16 dated 16rh Juy 2015, th Bank has ciassifed
the deposits pl-ced with NABARD / SIDBI/ NHB for meeUng shorifa in priority sector tend n9 under ,,Other Assets ,
which were hitherio lnc uded under the head 'Invstrnents . Siml a r y, the Inlerst hcome on such deposirs has been
included under "Interest Earned - Others" whch wer previolsly included under 'Income on Investrnents,. Arising
out olre'grouping in line with above mentioned RBI gu delines, interest income on depos is ptaced with NABARD /
SIDBI / NHB A included under "hterest Eamed 'Others". Fgures for the previous perods have been re g.ouped /
r-classli ed to conform to curent periodis c ass ficat on. The above change in casstficalon d d nor hav any tmpact
on the profit olthe bankforlhe quartr ended 30th lune 2016 or the previous periods.

In a(ordance w th the RBI guidellnes, the bank has sh fted securites amount ng to Rs.s89.65 cr from HTNT to AFs
category and R5.80.10 cr lrom AFS to HTl4 category. The resuliing depreciation ofRs.33 takhs has been charged to
Profit & Loss account on such sh fting durlng the curcnt qua&r.

NumberofInvestorco.npai.tspendn9atthebgtniingolthequader-N.
D sposed

Re.e ved dur n9 rhe

quarter,

ofdu.ing the quarter Nii r Pending complaints as on 30th lLne 2016 : Nil

gures of the corrcsponding perod have been reclassifed/regrouped, wherever cons dered necessry.

Date : 10s August 2016

This s the staternnt refered

for f4ls. P. chandraskar,
Charterd Accou nta nts,
Frm No.00580 - S

to

n our report

rP\
gIBANcALoRE\E

u7,
Date : loth Auqust 2016

ol even date.

CITY UNION BANK LTD., CENTRAL OFFICE, KUMBAKONAM

SEGMENT REPORTING FOR THE QUARTER ENDED

30,06.2016

Segmentwise Results
Particulars
30.06,2016

31.03.2016
Audited

30.06.2015

31.03.2016

Seqment Revenue
a) Treasury

18731

b) Coroorate / wholesale bankina

c) Retail Eanktnq

22209
47294

17753
25343
42946

44104

d) Other Bankjnq ODerations

91
88331

350
86352

71

113

81093

335419

88331

86352

81093

335419

4437

12411

6041

6364
3286

s628
s334

32079
22628
28198

483

?3574

271
224A4

797t6

81328

2357a

22404

19716

8332a

7075

7081

4510

23059

15503

15323

15206

60269

4150

4100

4050

1s800

12353

11223

11156

44469

936386
713195

839891
124104

957277
593364

839891

1485910

t490471

1719141

t646t

t0253

19857

86864
177529

Less : Inter seqment revenue

Seoment Rsults
b) Corporaie / wholesale barkino
c) Relail Bankinq
d) Other Bankino ODer.iions

ODeratinq Pror,t

Othe. Provisions & Continoen.ies

E/ceptonalltems

Taxes includinq Deferred Tax

9092
8

Seqnrental Assets:
a) Treasury
b) Corporate / wholesale bankino
c) RetailBank nq

d) Unallocated

91208

74724

81778

120744
1490477
74121

3226699

3125195

2914466

312s196

8425t9

159002
654240

a6l1)4

759042

540442

654240

1354151

1164810

544))
2630754

1354151
52603

seqmental Liabitities:
a) Ireasury
b) Corporate

whoiesate bankinq

c) Retarl Banl,rnq

d) Unallocaied

651841
1357966
56821

52603

29()97 47

2819996

93467
61354
127944

80889
65864

t36326

34381

22171

90093
52962
714297
23356

305200

2ao70a

2419996

Capital Employed:
seEment assets - segment Liabilities

a) TreasLrry
b) Coroorate / wholesale bankino

c) Relar Bankinq

d) unallocatd

Total

3L7552

80889
65854

t36326
22121

305200

There are no significant residual operations calried on by the bank.

PART B: GEOCRAPHIC SEGMENTS:

The banl operates ordy in lidia

CERTIFIEE IEUEC@EX