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Type | Public |
---|---|
Industry | Banking, Financial services |
Founded | 1904 |
Founders |
|
Headquarters | Kumbakonam, Tamil Nadu, India |
Number of locations | 725 branches [1] (2021-2022) |
Key people | |
Products | Asset management, Consumer banking, Corporate banking, Finance and Insurance, Forex, Investment banking, Mortgage loans, Payment solutions, Private banking |
Revenue | ₹4,863.90 crore (US$610 million) [3] [1] [4] (2022) |
₹3,109.50 crore (US$390 million) [1] [4] (2022) | |
₹760.20 crore (US$95 million) [1] [4] (2022) | |
Total assets | ₹61,530.90 crore (US$7.7 billion) [1] [4] (2022) |
Total equity | ₹3,051.99 crore (US$380 million) [1] [4] (2016) |
Number of employees | 5478 [1] [4] (2019) |
Capital ratio | 12.76% [1] [4] |
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 preferred the role of a regional bank in the Thanjavur district of Tamil Nadu. In FY2022 the bank had a market capitalization of ₹93.62 billion (US$1.2 billion) and operated 700 branches, and 1762 ATMs. [1]
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. [5]
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Kumbakonam, or Kudanthai, is a city municipal corporation in the Thanjavur district in the Indian state of Tamil Nadu. It is located 40 km (25 mi) from Thanjavur and 282 km (175 mi) from Chennai and is the headquarters of the Kumbakonam taluk of Thanjavur district. It is the second largest city in the district after Thanjavur. The city is bounded by two rivers, the Kaveri River to the north and Arasalar River to the south. Kumbakonam is known as a "Temple town" due to the prevalence of a number of temples here and is noted for its Mahamaham festival, which happens once in 12 years, attracting people from all over the country.
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Events in the year 1904 in India.
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