We analyze the band spectrum of the periodic quantum graph in the form of a chain of rings connected by line segments with the vertex coupling which violates the time reversal invariance, interpolating between the δ coupling and the one determined by a simple circulant matrix. We find that flat bands are generically absent and that the negative spectrum is nonempty even for interpolation with a non-attractive δ coupling; we also determine the high-energy asymptotic behavior of the bands.