City Union Bank Limited
SBI Mutual Fund entered City Union Bank with 5,38,83,961 shares, a 5.44% stake worth ₹1,210 Cr, crossing the 5% disclosure threshold.
A banking company headquartered in Tamil Nadu, City Union Bank Limited provides comprehensive financial services to retail and corporate customers across India. The bank operates through multiple segments including Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations. It delivers personalized banking solutions through its extensive branch network and digital platforms, serving diverse customer needs in the Indian financial market.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.