City Union Bank
City Union Bank Limited (CUB) 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 FY2016 the bank had a market capitalization of ₹12,529.92 crore (US$1.6 billion) and operated 700 branches, and 1762 ATMs.[1][5]
 | |
| Type | Public |
|---|---|
| Industry | Banking, Financial services |
| Founded | 1904 |
| Founders | R. Santhanam Iyer, S. Krishna Iyer, V. Krishnaswami Iyengar |
| 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 |  ₹2,944.21 crore (US$390 million)[3][1][4] (2016) |
| ₹994 crore (US$130 million) [1][4] (2016) | |
| ₹503 crore (US$66 million) [1][4] (2018) | |
| Total assets | ₹35,271 crore (US$4.6 billion) [1][4] (2018) |
| Total equity | ₹3,051.99 crore (US$400 million) [1][4] (2016) |
Number of employees | 5478 [1][4] (2019) |
| Capital ratio | 12.76% [1][4] |
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]
See also
References
- CUB Annual Report 2016-17
- "bod".
- "City Union Bank Q4 results: Reports Rs 95.25 crore loss". The Economic Times. 18 June 2020.
- "Balance Sheet 2017-18"
- "Kyc Service Provider". Wednesday, June 24, 2020
- "70 companies with pre-1947 roots: 1904: Kumbakonam Bank Ltd". LiveMint. LiveMint.com. 24 August 2017. Retrieved 18 October 2020.
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