City Union Bank

Last updated

City Union Bank Limited
Company type Public
Industry Banking, Financial services
Founded1904(121 years ago) (1904)
Founders
  • R. Santhanam Iyer
  • S. Krishna Iyer
  • V. Krishnaswami Iyengar
Headquarters Kumbakonam, Tamil Nadu, India
Number of locations
800 branches (2024) [1]
Key people
  • M.Narayanan
    (Chairman) [1]
  • Dr. N. Kamakodi
    (MD & CEO)
Products Asset management, Consumer banking, Corporate banking, Finance and Insurance, Forex, Investment banking, Mortgage loans, Payment solutions, Private banking
RevenueIncrease2.svg₹6,012.22 crore (US$710 million) (2024) [1]
Decrease2.svg₹1,516.73 crore (US$180 million) (2024) [1]
Increase2.svg₹1,015.73 crore (US$120 million) (2024) [1]
Total assets Increase2.svg₹70,825.86 crore (US$8.4 billion) (2024) [1]
Number of employees
7188 (2024) [1]
Capital ratio 23.7% (2024) [1]
Website https://www.cityunionbank.bank.in

City Union Bank Limited is an Indian private sector bank headquartered in Kumbakonam, Tamil Nadu. The bank was initially named Kumbakonam Bank Limited, and was incorporated on 31 October 1904. The bank focused on operating as a regional bank in Thanjavur district, Tamil Nadu. In FY2022 the bank had a market capitalization of ₹93.62 billion (US$1.1 billion) and operated 774 branches, and 1762 ATMs. [2]

Contents

History

The City Union Bank Limited was originally incorporated under the name Kumbakonam Bank as a limited company on 31 October 1904. The bank preferred a regional role and adopted an agency model in the initial years. The first branch was opened in 1930. In 1987, the name of the bank was changed to City Union Bank. [3]

See also

Official website

References

  1. 1 2 3 4 5 6 7 8 "Balance Sheet 31.03.2024". cityunionbank.com (28 October 2024).
  2. ↑ https://www.moneycontrol.com/annual-report/cityunionbank/CUB/2017 "Balance Sheet 2017-18
  3. ↑ "70 companies with pre-1947 roots: 1904: Kumbakonam Bank Ltd". LiveMint. LiveMint.com. 24 August 2017. Retrieved 18 October 2020.


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