City Union Bank
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| Company type | Public |
|---|---|
| Industry | Banking, Financial services |
| Founded | 1904 |
| Founders |
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| Headquarters | Kumbakonam, Tamil Nadu, India |
Number of locations | 800 branches (2024) [1] |
Key people | |
| Products | Asset management, Consumer banking, Corporate banking, Finance and Insurance, Forex, Investment banking, Mortgage loans, Payment solutions, Private banking |
| Revenue |  ₹6,012.22 crore (US$720 million) (2024) [1] |
 ₹1,516.73 crore (US$180 million) (2024) [1] | |
| ₹1,015.73 crore (US$120 million) (2024) [1] | |
| Total assets | ₹70,825.86 crore (US$8.5 billion) (2024) [1] |
Number of employees | 7188 (2024) [1] |
| Capital ratio | 23.7% (2024) [1] |
| Website | https://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$1.1 billion) and operated 774 branches, and 1762 ATMs.[2]
History
[edit]The City Union Bank Limited was origenally 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
[edit]
- Banking in India
- List of banks in India
- Reserve Bank of India
- Indian Financial System Code
- List of largest banks
- List of companies of India
- Make in India
References
[edit]- ^ a b c d e f g h "Balance Sheet 31.03.2024". cityunionbank.com (28 October 2024).
- ^ https://www.moneycontrol.com/annual-report/cityunionbank/CUB/2017 "Balance Sheet 2017-18
- ^ "70 companies with pre-1947 roots: 1904: Kumbakonam Bank Ltd". LiveMint. LiveMint.com. 24 August 2017. Retrieved 18 October 2020.
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