City Union Bank has released its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report confirms that the bank has adhered to all relevant statutory provisions and corporate governance standards. Conducted by KUVS & Associates, the review validates the integrity of the bank’s internal processes, policy updates, and transparency in disclosures to stakeholders throughout the fiscal year.
Compliance Performance Overview
City Union Bank has successfully concluded its annual secretarial review for the fiscal year ending March 31, 2026. This comprehensive audit ensures that the bank continues to maintain high standards of corporate governance and operational transparency. The review process involved a thorough examination of internal documentation, website disclosures, and filings to confirm that the institution remains fully aligned with its statutory obligations.
Key Governance Highlights
The assessment conducted by KUVS & Associates confirms several key operational strengths:
- Policy Adherence: All corporate policies are current, reviewed, and approved by the Board of Directors.
- Transparency: The bank maintains a fully functional website with timely dissemination of all necessary documents and information.
- Director Standards: No directors were found to be disqualified under the prevailing legal framework.
- Proactive Governance: The bank has successfully conducted performance evaluations for the Board and its committees at the beginning of the financial year.
Internal Controls and Integrity
The report highlights that the bank has maintained robust preservation of its records and adheres to strict archival policies. Furthermore, there were no material related party transactions observed during the period, ensuring that financial activities remained focused on standard banking operations. The bank maintains a clean record with no adverse actions taken by regulatory authorities during the 2026 fiscal year, underscoring its commitment to operational excellence.
Source: BSE
