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| logo_size = 150px
| logo_size = 150px
| type = [[Public]]
| type = [[Public]]
| traded_as = {{Unbulleted list
| traded_as = {{ubl|{{NSE|CUB}}|{{BSE|532210}}}}
| {{BSE|532210}}
| {{NSE|CUB}}
}}
| industry = [[Banking]], [[Financial service]]s
| industry = [[Banking]], [[Financial service]]s
| foundation = {{Start date and age|1904|p=yes}}
| foundation = {{Start date and age|1904|p=yes}}
| founders = R. Santhanam Iyer, S. Krishna Iyer, V. Krishnaswami Iyengar
| founders = {{Unbulleted_list|R. Santhanam Iyer|S. Krishna Iyer|V. Krishnaswami Iyengar}}
| location = [[Kumbakonam]], [[Tamil Nadu]], India
| location = [[Kumbakonam]], [[Tamil Nadu]], India
| num_locations = 700 branches <ref name="CUB BalSheet 2016-17"/>
| num_locations = 800 branches (2024) <ref name="BalSheet"/>
⚫
| key_people = {{Unbulleted_list|M.Narayanan<br>{{small|(Chairman)}}<ref name="BalSheet"/>|Dr. N. Kamakodi<br>{{small|([[Managing director|MD]] & [[CEO]])}}}}
| num_locations_year = 2019-2020
⚫
| key_people = {{ubl|Mr. R. Mohan<br /> ({{small|Chairman}})<ref>{{cite web|url=https://www.cityunionbank.com/web-page/directors|title=bod}}</ref>|Dr. N. Kamakodi <br />{{Small|([[Managing Director|MD]] & [[CEO]])}}}}
| products = [[Asset management]], [[Retail banking|Consumer banking]], [[Commercial bank|Corporate banking]], [[Finance and Insurance]], [[Forex]], [[Investment banking]], [[Mortgage loan]]s, Payment solutions, [[Private banking]]
| products = [[Asset management]], [[Retail banking|Consumer banking]], [[Commercial bank|Corporate banking]], [[Finance and Insurance]], [[Forex]], [[Investment banking]], [[Mortgage loan]]s, Payment solutions, [[Private banking]]
| revenue = {{Profit}} {{INRConvert|6012.22|c}} (2024) <ref name="BalSheet">[https://www.cityunionbank.com/assets/frontend/pdf/july24/ANNUALREPORT2023-24.pdf "Balance Sheet 31.03.2024"]. cityunionbank.com (28 October 2024).</ref>
| revenue = {{Profit}} {{INRConvert|2944.21|c|link=yes}}<ref>{{cite news |title=City Union Bank Q4 results: Reports Rs 95.25 crore loss |url=https://economictimes.indiatimes.com/markets/stocks/earnings/city-union-bank-q4-results-reports-rs-95-25-crore-loss/articleshow/76447551.cms |work=The Economic Times |date=18 June 2020}}</ref><ref name="CUB BalSheet 2016-17">[https://commons.wikimedia.org/wiki/File:City_Union_Bank_Annual_Report_2016-17.pdf CUB Annual Report 2016-17]</ref><ref name="CUB FY Report">[https://www.moneycontrol.com/annual-report/cityunionbank/CUB/2017 "Balance Sheet 2017-18"]</ref>
⚫
| operating_income = {{Decrease}} {{INRConvert|1516.73|c}} (2024) <ref name="BalSheet"/>
| revenue_year = 2016
| operating_income = {{Profit}} {{INRConvert|994|c}} <ref name="CUB BalSheet 2016-17"/><ref name="CUB FY Report"/>
| net_income = {{Profit}} {{INRConvert|1015.73|c}} (2024) <ref name="BalSheet"/>
⚫
| assets = {{Profit}} {{INRConvert|70825.86|c}} (2024) <ref name="BalSheet"/>
| income_year = 2016
| equity =
⚫
| net_income = {{Profit}} {{INRConvert|503|c}} <ref name="CUB BalSheet 2016-17"/><ref name="CUB FY Report"/>
⚫
| num_employees = 7188 (2024) <ref name="BalSheet"/>
| net_income_year = 2018
| assets = {{Profit}} {{INRConvert|35271|c}} <ref name="CUB BalSheet 2016-17"/><ref name="CUB FY Report"/>
| ratio = 23.7% (2024) <ref name="BalSheet"/>
⚫
| homepage = https://www.cityunionbank.com/
| assets_year = 2018
⚫
| equity = {{Increase}} {{INRConvert|3051.99|c}} <ref name="CUB BalSheet 2016-17"/><ref name="CUB FY Report"/>
| equity_year = 2016
⚫
| num_employees = 5478 <ref name="CUB BalSheet 2016-17"/><ref name="CUB FY Report"/>
| num_employees_year = 2019
| ratio = 12.76% <ref name="CUB BalSheet 2016-17"/><ref name="CUB FY Report"/>
⚫
| homepage = {{URL|https://www.cityunionbank.com/}}
}}
}}


'''City Union Bank Limited (CUB)''' is an [[India]]n [[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 [[Fiscal year|FY]]2016 the bank had a market capitalization of {{INRConvert|12529.92|c}} and operated 700 branches, and 1762 ATMs.<ref name="CUB BalSheet 2016-17"/><ref>{{cite web| url= https://fully-verified.com/kyc-service-provider-company |title= Kyc Service Provider }} Wednesday, June 24, 2020</ref>
'''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 [[Fiscal year|FY]]2022 the bank had a market capitalization of {{INRConvert|93.62|B}} and operated 774 branches, and 1762 ATMs.<ref>https://www.moneycontrol.com/annual-report/cityunionbank/CUB/2017 "Balance Sheet 2017-18</ref>


==History==
==History==
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| access-date = 18 October 2020
| access-date = 18 October 2020
}}</ref>
}}</ref>

==Digital banking==
*Chatbot facility
*Social media Banking transfer funds through Facebook
*Passbook printing kiosk
*Cheque clearing Kiosk
*Internet banking, mobile banking, corporate banking, self-service banking
*ASBA facility for IPO subscription
*CUB debit card (Visa, International)
*CUB credit card facility
*CUB virtual credit card facility
*CUB gift card, CUB wallet
*CUB traveling card facility
*CUB QR facility
* CUB POS machine facility
*Online saving account opening via CUB Easy
*Insurance, FD, RD facility online
*Online collection facility through payment gateway technology
*CUB FastagG facility for hassle-free traveling

==Recognition and awards==
*Best Mid-sized Bank on Profitability and Efficiency - Business Today Survey November 2011
*City Union Bank Ltd received Industrial Economist Excellence Award – 2012
*Sir Vishvesvaraya Industrial Awards & (TNSB) Innovation Awards
*Best Old Private Sector Bank by Financial Express for the year of 2015-2016
*IDRBT Banking Technology Excellence Awards for the Year 2016-17 Best Bank Award for Cyber Security and Defense among Small Banks


==See also==
==See also==
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==References==
==References==
{{reflist}}
{{reflist}}

==External links==
* {{Official website|https://www.cityunionbank.com/}}
* [https://archive.today/20130222014153/http://www.onlinecub.net/ OnlineCub.net]


{{Banking in India}}
{{Banking in India}}
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[[Category:Companies based in Tamil Nadu]]
[[Category:Companies based in Tamil Nadu]]
[[Category:Companies based in Thanjavur]]
[[Category:Companies based in Thanjavur]]
[[Category:List of Institutions using TCS BaNCS]]
[[Category:Indian companies established in 1904]]
[[Category:Indian companies established in 1904]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Companies listed on the Bombay Stock Exchange]]



{{India-company-stub}}
{{India-company-stub}}

Latest revision as of 15:53, 28 October 2024

City Union Bank Limited
Company typePublic
IndustryBanking, Financial services
Founded1904 (121 years ago) (1904)
Founders
  • R. Santhanam Iyer
  • S. Krishna Iyer
  • V. Krishnaswami Iyengar
HeadquartersKumbakonam, Tamil Nadu, India
Number of locations
800 branches (2024) [1]
Key people
  • M.Narayanan
    (Chairman)[1]
  • Dr. N. Kamakodi
    (MD & CEO)
ProductsAsset management, Consumer banking, Corporate banking, Finance and Insurance, Forex, Investment banking, Mortgage loans, Payment solutions, Private banking
RevenueIncrease ₹6,012.22 crore (US$700 million) (2024) [1]
Decrease ₹1,516.73 crore (US$180 million) (2024) [1]
Increase ₹1,015.73 crore (US$120 million) (2024) [1]
Total assetsIncrease ₹70,825.86 crore (US$8.3 billion) (2024) [1]
Number of employees
7188 (2024) [1]
Capital ratio23.7% (2024) [1]
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$1.1 billion) and operated 774 branches, and 1762 ATMs.[2]

History

[edit]

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.[3]

See also

[edit]

References

[edit]
  1. ^ a b c d e f g h "Balance Sheet 31.03.2024". cityunionbank.com (28 October 2024).
  2. ^ https://www.moneycontrol.com/annual-report/cityunionbank/CUB/2017 "Balance Sheet 2017-18
  3. ^ "70 companies with pre-1947 roots: 1904: Kumbakonam Bank Ltd". LiveMint. LiveMint.com. 24 August 2017. Retrieved 18 October 2020.


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