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]
Website www.cityunionbank.com

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]

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. [6]

Digital banking

Recognition and awards

See also

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References

  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. LiveMint.com. 24 August 2017. Retrieved 18 October 2020.