Introduction to City Union Bank Limited
City Union Bank Limited is a well-known bank in India. It’s like a big financial store where people save money, take loans, and do other money-related tasks.
Origin as Kumbakonam Bank Limited in 1904:
A long time ago, in 1904, this bank started with a different name. It was called “Kumbakonam Bank Limited.” Imagine, it’s been around for more than a century! That’s older than most of our grandparents.
Transition from a Regional Bank to Its Current Stature:
At first, City Union Bank was like a local shop, serving only a small area in Tamil Nadu called the Thanjavur district. But over time, it grew bigger and started helping people all over India. It’s like how a small tree grows into a big one over the years.
Table: Quick Facts about City Union Bank Limited
Fact |
Description |
Original Name |
Kumbakonam Bank Limited |
Founded In |
1904 |
First Area Served |
Thanjavur district, Tamil Nadu |
Current Status |
A big bank serving people all over India |
Headquarters Located in Kumbakonam, Tamil Nadu:
Every big company or bank has a main office, called a “headquarters.” For City Union Bank, this main office is in a place called Kumbakonam in Tamil Nadu. It’s like the brain of the bank where all the big decisions are made.
Significant Figures:
Just like in a report card, numbers can tell us a lot. For City Union Bank, these numbers show how big and successful it is. They have 725 branches, which are like the bank’s mini-offices, all over India. Plus, they have a lot of ATMs, which are machines where people can get cash.
Services Offered:
Banks offer many services. Think of it like a supermarket, but for money tasks. City Union Bank provides services like helping people save money, giving loans, and even helping big companies with their money matters.
Table: Services Offered by City Union Bank
Service Type |
What It Means |
Asset Management |
Helping manage things of value |
Consumer Banking |
Services for everyday people |
Corporate Banking |
Services for big companies |
Finance and Insurance |
Money protection and loans |
Forex |
Dealing with foreign money |
Financial Highlights of City Union Bank:
When we talk about “financial highlights,” we’re looking at the bank’s money report card. Just like how students get grades, banks have numbers that show how well they’re doing with money.
Table: Money Report Card of City Union Bank
Money Detail |
Amount |
What It Means |
Revenue |
₹4,863.90 crore |
Total money earned by the bank in a year. |
Operating Income |
₹3,109.50 crore |
Money left after paying for regular bank activities. |
Net Income |
₹760.20 crore |
Profit after all expenses are paid off. |
Total Assets |
₹61,530.90 crore |
Everything the bank owns, like buildings and cash. |
Total Equity |
₹3,051.99 crore |
Money that belongs to the bank’s owners. |
Conclusion:
City Union Bank Limited stands tall as a significant player in the Indian banking sector, with its roots tracing back to 1904. Starting as a small regional bank, it has blossomed into a robust institution, boasting a network of 725 branches and a plethora of ATMs across the nation. The bank’s headquarters in Kumbakonam, Tamil Nadu, serves as the nerve center, steering its operations with precision.
Financially, City Union Bank is on solid ground, showcasing impressive figures in revenue, operating income, and net income. Its extensive range of services caters to the diverse needs of individuals and businesses alike, ensuring a comprehensive banking experience. From asset management to consumer banking, and corporate banking to forex, the bank leaves no stone unturned.
In essence, City Union Bank Limited is a testament to the enduring power of growth and adaptation. It has successfully navigated the tides of change, transforming from a regional entity to a national powerhouse, all while maintaining a steadfast commitment to excellence and customer service. It stands as a beacon of trust and reliability in the ever-evolving world of banking.