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City Union Bank

From Wikipedia, the free encyclopedia

City Union Bank Limited
Company typePublic
IndustryBanking, Financial services
Founded1904 (120 years ago) (1904)
Founders
  • R. Santhanam Iyer
  • S. Krishna Iyer
  • V. Krishnaswami Iyengar
HeadquartersKumbakonam, Tamil Nadu, India
Number of locations
799 branches [1] (2021-2024)
Key people
  • M.Narayanan
    (Chairman)[2]
  • Dr. N. Kamakodi
    (MD & CEO)
ProductsAsset management, Consumer banking, Corporate banking, Finance and Insurance, Forex, Investment banking, Mortgage loans, Payment solutions, Private banking
RevenueIncrease ₹4,863.90 crore (US$610 million)[3][1][4] (2022)
Increase ₹3,109.50 crore (US$390 million) [1][4] (2022)
Increase ₹760.20 crore (US$95 million) [1][4] (2022)
Total assetsIncrease ₹61,530.90 crore (US$7.7 billion) [1][4] (2022)
Total equityIncrease ₹3,051.99 crore (US$380 million) [1][4] (2016)
Number of employees
5478 [1][4] (2019)
Capital ratio12.76% [1][4]
Websitehttps://www.cityunionbank.com/

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 774 branches, and 1762 ATMs.[1]

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Transcription

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.[5]

See also

References

  1. ^ a b c d e f g h i 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. ^ a b c d e f g "Balance Sheet 2017-18"
  5. ^ "70 companies with pre-1947 roots: 1904: Kumbakonam Bank Ltd". LiveMint. LiveMint.com. 24 August 2017. Retrieved 18 October 2020.


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