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

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

References

  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.


Allikas: https://en.wikipedia.org/wiki/City_Union_Bank
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