City Union Bank has revealed that it has established two new branches.

According to sources, one branch has been rolled out at Ludhiana, Punjab on Aug. 07, 2009 while the second one was opened at Indore, Madhya Pradesh on Aug. 10,
2009.

The sources informed that presently, the lender is having presence in seven states and two union territories with 130 branches, three extension counters, and an international banking division in Chennai.

Stock of City Union Bank settled the day in red at Rs 22, down 0.22% on National Stock Exchange (NSE). The total volume of shares traded on NSE was 288,333.