f@)

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EUB

TRUSTANOEXCELLENCE

EITy UNIgN BeruK LIMITED

clN - 16511oTN1 904P1C001287
Regd. Office, No. 149, TSR (B,g) Street, Kumbakonam.6l2 001.
Phone : 0435.24210S8 : Fax:0435-2431746
E-mail : shares@ciiyunionbank.com : Website:www.cityunionbank.com

C.O/Shares/LR-5/2016

11th February 2016

National Stock Exchange of India Ltd.,

Exchange Plaza, 5th Floor,

BSE Ltd.,
DCS

Plot No.C/1, G Block,

Bandra-Kurla Complex,
Bandra (E),

CRD,

Phiroze Jeejeebhoy Towers,

25th Floor, Dalal Street,

Mumbai 400

OO1

Mumbai 4OO 051

Scrip Code: CUB
Dear Madam

Scrip Code: 5322LO

Sir,

Sub: Outcome of Board Meeting

In continuation to our communication dated 1$ February 2016, we hereby inform that the
Board at its meeting held today, the llth February 2016, considered and approved the
Un-audited Financial Results of 'the Bank for the quarter

Nine months ended 31$ December

2015. The detailed format of the Un-audited Financiai Resulb 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.citvunionbank.com.

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

llme of commencement of Board meeting :

Time of closure of Board

meeting

10.35 a.m
1J..35 a.m

You are kindly requested to iake the above on record.

Thanking you
Yours faithfully

for

ctry uNioN BANK LIMITED

V Ramesh
Company Secretary & GM

M/s. P. Chandrasekar
Chartered Accountants
S-51

2,

51

4 Man ipal Centre, #4 7, Dikenson Road, Bangalore - 560 042.

Ph:080-25585443
Telefax:080-25597494
e-m.rii : partner@pchandrasekar.com

INDEPENDENT AUDITORS' REVIEW REPORT TO THE BOARD OF DIRECTORS OF

CITY UNION BANK LIMITED

We have reviewed the accompanying statement of Unaudited Financial Results of CITY UNION BANK

UMITED Cthe BankJ for the Quarter and Nlne months ended 31st, December 2015 C'the
Statement'), excluding the "Pillar 3 disclosures and leverage ratio under Basel III Capital
Regulations" disclosed on the Bank's website and in respbct 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 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 Engagements (SRE) 2410,
'Review of Interim Financial 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.

review

is

Limited primarily

to

inquiries

of

Bank's personnel and analytical

procedures applied to financial data and thus provides less assurance than an audit. We have not
peformed an audit and accordingly, we do not express an audit opinion.

3. In the conduct of our Review, we have relied on the review reports, received from auditors
appointed for 142 branches. These reports cover 70.41 percent of the advances portfolio of the
Bank. Apart from these reports, in the conduct of our review, we have also relied upon various
returns received from the branches of the Bank.

4.

Based on our revjew 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, 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 whlch it is to be disclosed, or
that it contains any material misstatement or that it has not been prepared in accordance with the
relevant prudential norms prescribed 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

Firm Registration No: 000580 S

C/--;-*----,,
P CHANDRASEKARAN
Place: Chennai
Date: 11.02.2016

Bangalore

Chennai

Paftner
Membership No: 26037

EITY

LI

NIEN BANK LTD.,

cIN NO.16511oTN1904P1C001287
Regd.Offlce: 149 T.S.R. ( Big) Street, Kumbakonam 612001'
UNAUDITED FINANCIAL RESULTS FORTHE PERIOD ENDED 31" DECEMBE& 2015
(Rs in Lakhs)

Particulars

2.
3.
4.
5.

Year ended

9 Months ended

uarter ended

30.09.2015 3L,12.2014 3r.12.2015 3a-r2-20,.4 31.03,2015

31.12.2015
Audited
unaudited
Unaudited
201057.95
269885.63
21A794.49
74697 -L5
68450.17
73493.25

Intrest earned (a+b+c+d)

58295.48
14326.22

54704.43
12835.81

175379.73
40737.56

)75.23

259.11

246.91

554.27
10331.41

612.44
9451.72

661.56
9778.73

884.19
1793.01
30272.1

a502a.56

42944.97

7A22A.90

49411.97
14924.
6325.
8602.96

49483.4
12941.95
4893.04
8048.91

47473.62
1.3925.75

41006.1

a) Interest/Discount on Advances/Bills
b) Income on Investments
c) Interest on balances with RBI and other Inter Bank funds

59821.50

d) others
Other Income

Total Income ( 1 + 2 )
Interest Expended
Operatinq Expenses (i) + (ii)

ii) Other ODeratinq expenses

14046.L

6033.
7892.1

161500.99
36518.86
1008.04

216619.7e
49244.

2040.06
29863.91

1283.29
2737.74
40410.43

249056.64

230931.86

310296.06

147136.18

189148.80
51d62,20

16043.@
24962.44

140191.3.
38751.25
15930.89
22820.:

ztutt,J9
30854.87

6.

Total Expenditure (4) + (5) excluding provlsrons ano

64340.O3

6242s.35

61399.37

1aa142.70

179548.58

241031.06

7.

continqencies
Operating Profit before provisions and contingencies
(3) - (6)

20688.53

20519.62

16829.53

60923.98

51383.28

69265.00

B.P
9. !,.9ptio*ll!"It =. .
, . , ,=,,.,,-,
10. Profit / (Loss) from Ordinary Activities before tax (7X8) (9)

6483.00
0.00
14205.53
2900.00

4985.
0.00
15534.62
4750.00

2709.45
0.00
14120.08
38s0.00

15978.00

12438.
0.00

18251.89
q3

44945.9
11700.0c

11305.53

1o784.62

10270,08

0.00

0.00

0.00

11305.53

707A4.62

5981.91
263586.54

rovisions (oLher than tav) and conhngencies

11. Tax Expenses

12. Net Profit / (Loss) from Ordinary Activities after tax
(10) - (11)

13

Extra ordinarv items (Net ofTax Expense)

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

G. Paid up equiw share Capital (Faci value of Re 1/- each)
16,

Reserves excluding revaluation reserves (as per balance

sheet of Drevious accountinq vear)

0.

.iti944.J!
9350.00

12600.00

33245.98

29594.38

39502.04

0.00

0.00

0.00

10270.08

33245,94

29594,38

39502.04

5981.91

5965.68

5981.91

5965.68

5965.68

263586.54

197065.81

253585.54

197065.81

263586.54

17. Analytical ratios

i) % of shares held by Government of India
ii) CaoitalAdequacv Ratio (o/o) Basel II
CapitalAdequacy Ratio

(%)

Basel

III

Nil

Ni

Nit

Nil

Nit

Nil

14.94o/o

15.41o/c

15.82o/o

14.94o/o

$.a2o/o

16.59o/o

L4.63a/o

15.09o/c

15.73o/o

14.630/o

15.73o/o

16.52o/o

1.89

1.81

1.73

5.57

5.16

6.82

1.79

t.7t

L71

5.28

5.13

6.63

45985.58

39829.30

35070.21

45985.58

36070.21

33582.35

28681.81

25593.62

22039.78

28681.81

22039.78

23279.t9

2.37

2.fi

2.12

2.37

2.12

1.86

1.49

1.36

1,31

1.49

1.31

1.30

1.50%

1.45o/a

1.540/o

1.51olo

1.51o/o

!.49o/o

iii) Earninq Per Share (EPS)

Basic EPS ' before/after extra ordinary items (Not
annualised) fRs.)
Diluted EPS before/after extra ordinary items (Not
annualised) (Rs.)

iv) NPA Ratios

(a) Gross NPA
(b) Net NPA
(c) o/o of Gross NPA
(d) o/o of Net NPA
_

v) Return on Assets Annualised

Notes

Review by Stautory
The above unaudited financial results for the quarter ended 31st December 2015 have been subjected to Limited
at its meeting
of
Directors
the
Board
approved
by
the
Board
and
of
the
Audit
Committee
reviewed
by
Central A-lditors of the Bank and
held on 11th February 2016

Assets, Non
The working results for the quarter ended 31st December 2015 have been arrived at after making provisions For Standard
performing fusets and Depreciation on Investments as per RBI guidelines, Employee benefits, taxes & other usual and necessary
provisions on an estimated basis.

to
There has been no change in the accounting policies followed by the Bank during the period ended 31st December 2015 as compared
those followed in the preceding financial year ended 31st l4arch 2015.

'4

In accordance with the RBI circular DBOD. No. 8P. BC 1/21.06.201/2015-16 dated Olst July 2015, Banks are required to make Pillar III
disclosuresunderBa5elIIIcapitalrequirementsandthedi5clo5urefor31stDecember2015isbeingmadeavailableontheBank,s
web

site,

placed
In accordance with RBI circutar DBR,BP.BC.No.31/21.04.018/2015-16 dated 16th July 2015, the Bank has classified the deposits

under the
/ SIDBI / NHB for.meeting shortfall in priority sector lending under "Other Assets", which were hitherto included
,,Investments,,. Similarly, the Interest Income on such deposits has been included under "Interest Earned - Others" which were

with NABARD
head

..

previously included ilnder "lncome on Investments".

Number of Investor complaints pending at the beginning of the quarter - Nil. Received during the.quarter - 3
the quarter - 3 : Pending complaints as on 31st December 2015 : Nil.

Figures of the corresponding period have been reclassified/regrouped.

Disposed of during

wherever considered necessary.

By order of the Board

Place : chennai

Date : 11th February 2016

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

for l4/s.

P, Chandrasekar,
Chartered Accountants,
Firm No. 00580 - S

CERTTFIAD TNLJ= COPY

P. Chandrasekaran,
Partner.
|Y.N0.26037
Place : Chennai

Date : 11th February 2016

For E

ITY

LJ

NIBN BAt",:i.:
Coinpany Secretary

CITY UNION BANK LTD., CENTRAL OFFICE, KUMBAKONAM

SEGMENT REPORTING FOR THE PERIOD ENDED 31'12.2015

Segmentuvise Results
in Lakhs

Quarter ended
30.09.2015

Particulars
31.12.2015

31.L2.20t4

Reviewed

9 Months ended

Year ended

31.12.2(J15
31.r2.20L4
Reviewed

31.03.2015
Audited

Seqment Revenue
a) Treasury
b) coroorate / wholesale bankinq
c) Retail Bankinq
d) Other Bankinq ODerations
Total
Less :

17956

1BOB3

20748

20876
43796

17747
19858
40380

52500
61,527

66187

48282
56732
724997

167454

927
230932

310296

75488

190

250

82945

78229

134623
423
249067

8s029

82945

78229

249067

230932

310295

tl822

2971

14996

24465

t6264

15513
20161

20689

5727
11698
124
20520

6924
5724
4006
175

19542

4909

t6829

60924

51383

77877
26035
888
69265

20689

20520

L6429

60924

51383

69265

6483

4985

2709

1s978

72439

18252

1089

74206

15535

14720

44946

38944

52102

2900

4750

3850

t7700

9350

12600

11306

1078s

LO270

33246

29594

39502

922498

918860
627134

852646

922498

4s2646

823332

546355
1219806
71474

644a79
7370726

s46355
1219806

46123
162
8s029

tt67

Inter seqment revenue

Total

Seqment Results
a) Treasury

b) coroorate / wholesale bankinq

c) Retail Bankinq
d) Other Bankinq ODerations
Total

ODeratinq Profit
Other Provisions & Contingencies
Exceptional items

Profit Before Tax

Taxes includinq Deferred Tax

Net Profit

3BBO

7B

24912
206

Sqmental Assets:
a) Treasury
wholesale banking

b) Coroorate /
c) Retail Bankinq

d) Unallocated

Total

92565

714t4

s94947
1292753
76081

269lJ22L

3030068

269022L

27a7LL3

774654

839794
584874

748031

t24252t

774658
497190
1109892

1r74573

59653

40937

s4398

2422677

2726842

2422677

25L756L

77948

82704

77988

49765
109914
30477

60005
127605

75301
54388
118179

32912

49165
109914
30477

267544

303226

267544

644A79
7370726

73440t2

92565

86998

3030068

2977004

839794
584874
59653

828529
572817
1227602
56136

1109892
40937

2726442

2685084

82704
60005
127605

32912

90331
54317
116410
30862

303226

29L920

Seqmental Liabilities:
a) Treasury

b) coroorate / wholesale bankinq

c) Retail Bankinq
d) unallocated

Total

t242521

713

497 L90

540559

Capital Employed:
Segment Assets - Segment Liabilities

a) Treasury
b) Corporate / wholesale banking
c) Retail Bankinq
d) Unallocated

Total
opera ons
are no sianificant
significant residual operati

PART B : GEOGRAPHIC SEGMENTS:

The bank operates only in India

on

the bank.

.:rrY UNl0i{ BaNK ut ':

2t684
269552