City Union Bank rises on getting approval from RBI to collect Direct and Indirect Taxes
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City Union Bank is currently trading at Rs. 169.85, up by 0.05 points or 0.03% from its previous closing of Rs. 169.80 on the BSE.
The scrip opened at Rs. 171.00 and has touched a high and low of Rs. 171.25 and Rs. 163.75 respectively. So far 69817 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 199.80 on 18-Nov-2020 and a 52 week low of Rs. 142.75 on 17-Aug-2021.
Last one week high and low of the scrip stood at Rs. 183.65 and Rs. 163.75 respectively. The current market cap of the company is Rs. 12591.43 crore.
The Institutions and Non-Institutions holding in the company stood at 58.25% and 41.75% respectively.
City Union Bank has received approval from Reserve Bank of India (RBI) to collect Direct and Indirect Taxes, on behalf of the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC) respectively. The bank shall commence to collect such taxes after completion of integration process with CBDT and CBIC.
City Union Bank offers a suite of products across deposits, loans, investment solutions, payments and cards and the Bank also offers services, such as internet banking, mobile banking, including online funds transfer and fixed deposit operations.
