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.

City Union Bank Limited

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.

FAQ

It’s a well-established private sector bank in India.
It was founded in 1904.
The headquarters is in Kumbakonam, Tamil Nadu.
As of 2021-2022, they have 725 branches
M.Narayanan is the Chairman and Dr. N. Kamakodi is the MD & CEO.
They offer services like asset management, consumer banking, corporate banking, and more.
It was originally named Kumbakonam Bank Limited.
Yes, it changed its name to City Union Bank in 1987.
It transitioned from a regional bank in Thanjavur district to a national entity.
₹93.62 billion.

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