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City Union Bank

#4637

Rank

$1.59B

Marketcap

IN India

Country

City Union Bank
Leadership team

Dr. N. V. Narayanan Kamakodi M.B.A., Ph.D., B.Tech., MBA, CAIIB (MD, CEO & Director)

Mr. V. Ramesh A.C.S., ACS, M.Sc. (Sec., Compliance Officer, Sr. GM & CFO)

Mr. V. Gopalakrishnan B.A., M.B.A. (Gen. Mang. of HRMD)

Products/ Services
Banking, Finance, Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Chennai, Tamil Nadu, India
Established
1904
Net Income
100M - 500M
Revenue
100M - 500M
Traded as
CUB.NS
Social Media
Overview
Location
Summary
City Union Bank Limited provides various banking products and services to personal and corporate clients in India. The company operates through four segments: Treasury, Corporate, Retail Banking, and Other Banking Operations. It offers savings, current, and salary accounts; fixed, flexi fix, recurring, and tax saver deposits; and NRI banking products and services. The company also provides consumer, two and four-wheeler, home, educational, personal and agricultural gold, working capital, easy business, foreign currency, agricultural term, and small road transport operator loans; cash credits, bank guarantees, letters of credit, and bills finance, as well as gold based overdrafts facilities; and international business services, including export, import, remittance, correspondent banking, and treasury risk management services. In addition, it offers locker facilities, automated teller machines (ATMs), cash deposit machines/bulk note acceptors, and point of sales services, as well as demat and insurance products and services; and debit/prepaid and credit cards. Further, the company provides cash management, payment to government, national electronic fund transfer, immediate payment, real time gross settlement, national automatic clearing house, and other tech services. As of March 31, 2022, it operated through a network of 727 branches; 1,732 ATMs, including 789 bulk note recycler machines; 610 passbook kiosks; and 589 cheque deposit kiosks. The company was formerly known as The Kumbakonam City Union Bank Limited and changed its name to City Union Bank Limited in November 1987. City Union Bank Limited was incorporated in 1904 and is based in Kumbakonam, India.
History

City Union Bank was established in 1904 in the Indian state of Tamil Nadu by the Thiru Kariamman Thirunal started. The bank has a presence in 14 Indian states and three Union Territories (UT). The bank has received 'Scheduled Bank' status in1916 after the Indian Companies Act was passed and is recognized by the Reserve Bank of India (RBI).

Mission
Our mission is to provide best-in-class banking and financial services to our customers and deliver superior returns to stakeholders, while adhering to the highest standards of governance and ethics.
Vision
Our vision is to be a leading Indian financial services group, trusted by our customers, employees and all stakeholders.
Key Team

Mr. K. Maharajan BCom, CAIIB, AICWA (Sr. Gen. Mang. of Inspection)

Mr. S. Mohan M.A., ACS, CAIIB (Sr. Gen. Mang. of Advances)

Mr. M. Kalyanaraman (Gen. Mang. of Credit Monitoring Department)

Recognition and Awards
City Union Bank has been the recipient of several awards and nominations, including the prestigious ‘Outstanding Bank Award’ from the Indian Banks’ Association in 2001, the ‘Certificate of Merit’ from the Asian Banks’ Association in 2002, the ‘TURNAROUND ENTERPRISE OF THE YEAR - GOLD AWARD’ from the Dun & Bradstreet/American Express in 2007 and the ‘Excellence in IT Implementation’ from IDRBT, Hyderabad in 2008.
References

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City Union Bank
Leadership team

Dr. N. V. Narayanan Kamakodi M.B.A., Ph.D., B.Tech., MBA, CAIIB (MD, CEO & Director)

Mr. V. Ramesh A.C.S., ACS, M.Sc. (Sec., Compliance Officer, Sr. GM & CFO)

Mr. V. Gopalakrishnan B.A., M.B.A. (Gen. Mang. of HRMD)

Products/ Services
Banking, Finance, Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Chennai, Tamil Nadu, India
Established
1904
Net Income
100M - 500M
Revenue
100M - 500M
Traded as
CUB.NS
Social Media