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City Union Bank announces cessation of director

City Union Bank announced that R. G. Chandramogan, Independent Director on the Board of the bank ceased to be a Director from the close of business hours on 29 July 2016 on completion of tenure in terms of Section 10A(2A)(i) of the Banking Regulation Act, 1949. Further, the subject matter shall be placed before the Board for its information and noting in its forthcoming meeting to be held on 10 August 2016.

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