City Union Bank

Last updated

City Union Bank Limited
Type Public
Industry Banking, Financial services
Founded1904(117 years ago) (1904)
FoundersR. Santhanam Iyer, S. Krishna Iyer, V. Krishnaswami Iyengar
Headquarters Kumbakonam, Tamil Nadu, India
Number of locations
700 branches [1]  (2019-2020)
Key people
  • Mr. R. Mohan
    (Chairman) [2]
  • 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.svg2,944.21 crore (US$390 million) [3] [1] [4]  (2016)
Increase2.svg994 crore (US$130 million) [1] [4]  (2016)
Increase2.svg503 crore (US$67 million) [1] [4]  (2018)
Total assets Increase2.svg35,271 crore (US$4.7 billion) [1] [4]  (2018)
Total equity Increase2.svg3,051.99 crore (US$410 million) [1] [4]  (2016)
Number of employees
5478 [1] [4]  (2019)
Capital ratio 12.76% [1] [4]

City Union Bank Limited (CUB) is an Indian 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. CUB provides a gamut of technological services such as net banking, mobile banking, self-service kiosks, bulk note acceptors, and point of sales. To cater to the needs of customers coming from many different walks of life, the bank also has a wide offering of savings and deposit products. It also offers many loan products to service the financial needs of small individual customers as well as large industries. In FY2016 the bank had a market capitalization of 12,529.92 crore (US$1.7 billion) and operated 700 branches, and 1762 ATMs. [1] [5]



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. [6]

Digital banking

Recognition and awards

See also

Related Research Articles

Kumbakonam Municipal corporation in Tamil Nadu, India

Kumbakonam is a city in the Thanjavur district in the Indian state of Tamil Nadu. It is located 40 km (25 mi) from Thanjavur and 273 km (170 mi) from Chennai and is the headquarters of the Kumbakonam taluk of Thanjavur district. 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 City" 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.

Bank of Baroda Indian public sector bank

Bank of Baroda (BOB) is an Indian nationalised banking and financial services company. It is under the ownership of the Ministry of Finance of the government of India. It is the fourth largest nationalised bank in India, with 132 million customers, a total business of US$218 billion, and a global presence of 100 overseas offices. Based on 2019 data, it is ranked 1145 on Forbes Global 2000 list.

Indian Bank Indian public sector bank

Indian Bank is an Indian nationalised financial services and banking company under the ownership of the Ministry of Finance of the government of India. Established in 1907 and headquartered in Chennai, India, the bank serves over 100 million customers with 41,620 employees, 6,004 branches with 5,428 ATMs and cash deposit machines and is one of the top performing public sector banks in India.

Indian Overseas Bank Indian public sector bank

Indian Overseas Bank (IOB) is a major Indian nationalised bank. It is under the ownership of Ministry of Finance, Government of India based in Tamilnadu, India, with about 3,400 domestic branches, about 6 foreign branches and representative office. Founded in February 1937 by M. Ct. M. Chidambaram Chettyar with twin objectives of specialising in foreign exchange business and overseas banking, it has created various milestones in Indian Banking Sector. During the nationalisation, IOB was one of the 14 major banks taken over by the government of India. It is one of the two banks recommended for privatization by NITI ayog as per various news reports. As on 31 March 2021, IOB's total business stands at 379,885 crore (US$50 billion).

ICICI Bank Indian private sector bank

ICICI Bank Limited is an Indian multinational bank and financial services company with its corporate office in Mumbai, Maharashtra. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management. The bank has a network of 5,275 branches and 15,589 ATMs across India and has a presence in 17 countries.

Andhra Bank

Andhra Bank was a medium-sized public sector bank (PSB) of India, with a network of 2885 branches, 4 extension counters, 38 satellite offices and 3798 automated teller machines (ATMs) as of 31 March 2019. During 2011–12, the bank entered the states of Tripura and Himachal Pradesh. It operated in 25 states and three union territories. It had its headquarters in Hyderabad, Telangana, India. Along with Corporation Bank, Andhra Bank was merged with Union Bank of India in April 2020.

Karur Vysya Bank is a Scheduled Commercial Bank in India. It has completed 100 years of operation and is one of the leading banks in India, headquartered in Karur in Tamil Nadu. It was set up in 1920 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar. The bank primarily operates in treasury, corporate/wholesale banking and retail banking segments.

HDFC Bank Limited is an Indian banking and financial services company, headquartered in Mumbai, Maharashtra. HDFC Bank is India's largest private sector bank by assets and by market capitalisation as of April 2021. It is the third largest company by market capitalisation of $112.76 billion on the Indian stock exchanges. It is also the fifteenth largest employer in India with nearly 120,000 employees.

Axis Bank Limited, formerly known as UTI Bank (1993–2007), is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It sells financial services to large and mid-size companies, SMEs and retail businesses.

Citibank (Malaysia)

Citibank Berhad is a licensed commercial bank operating in Malaysia with its headquarters in Jalan Ampang, Kuala Lumpur. Citibank Berhad operates as a subsidiary of Citigroup Holding (Singapore) Private Limited. Commencing its banking operations in Malaysia in 1959, Citibank Berhad was locally incorporated in 1994.

Regional Rural Banks (RRBs) are government owned scheduled commercial banks of India that operate at regional level in different states of India. These banks are under the ownership of Ministry of Finance, Government of India. They were created to serve rural areas with basic banking and financial services. However, RRBs also have urban branches.

Tamilnad Mercantile Bank Limited (TMB) is a bank headquartered at Thoothukudi, Tamil Nadu, India. TMB was founded in 1921 as the Nadar Bank, but changed its name to Tamilnad Mercantile Bank in November 1962 to widen its appeal beyond the Nadar community. For the financial year 2018–2019, the bank reported a net profit of 2585 million. The bank currently has 509 full branches throughout India, 12 Regional offices and two link offices, two central processing centres, one Service Branch, four Currency Chests, 48 eLobby centres, 262 Cash Recycler Machines and 1135 Automated Teller Machines (ATM). The bank has been expanding its footprint all over India.

The National Payments Corporation of India is the specialised division of Reserve Bank of India which is under the jurisdiction of Ministry of Finance, Government of India.It was created by RBI for operating retail payments and settlement systems in India.

Aavin Central Government subsidiary in India

Aavin is a statutory corporation under the ownership of Ministry of Fisheries, Animal Husbandry and Dairying, Government of Tamil Nadu and the trademark of Tamil Nadu Co-operative Milk Producers' Federation Limited. Aavin procures milk, processes it and sells milk and milk products to consumers.

Eko India Financial Services

Eko India Financial Services Pvt. Ltd. is an Indian fintech company, service for State Bank of India (SBI), ICICI Bank India's two largest banks and Yes Bank, India's youngest private bank, and provides no-frills bank accounts and deposit, withdrawal and remittance services to customers through mobile banking. With Bharti AXA Life Insurance Company, it provides Bharti AXA Life - Bachat Bima, micro-insurance policies.

Lakshmi Vilas Bank was an Indian private sector bank established in 1926 in Karur, Tamil Nadu. As of November 2020, the bank had 566 branches in 19 states and 1 union territory. On 27 November 2020, the bank was merged into the Indian subsidiary of DBS Bank.

India Post Payments Bank Indian public sector payments bank

India Post Payments Bank (IPPB) is a division of Indian Post which is under the ownership of the Department of Post a department under Ministry of Communications of the Government of India. Opened in 2018, the bank had acquired about 4.0 crore customers by December 2020.

Bandhan Bank Ltd. is an Indian banking and financial services company, headquartered in Kolkata, West Bengal. Bandhan Bank is present in 34 out of 36 states and union territories of India, with 5,618 banking outlets and more than 2.43 crore customers.

The Tamil Nadu State Apex Co-operative Bank or TNSC Bank is an Indian cooperative banking company headquartered in Chennai. It was incorporated in 1905 as an urban cooperative bank. As of 2015, TNSC Bank had 46 branches in Chennai. TNSC Bank coordinates India's entire short-term cooperative credit structure.

Oxigen Services is an Indian fintech company. It is involved in micropayment of services and remittances in real time.


  1. 1 2 3 4 5 6 7 8 9 CUB Annual Report 2016-17
  2. "bod".
  3. "City Union Bank Q4 results: Reports Rs 95.25 crore loss". The Economic Times. 18 June 2020.
  4. 1 2 3 4 5 6 7 "Balance Sheet 2017-18"
  5. "Kyc Service Provider". Wednesday, June 24, 2020
  6. "70 companies with pre-1947 roots: 1904: Kumbakonam Bank Ltd". LiveMint. 24 August 2017. Retrieved 18 October 2020.