City Union Bank

City Union Bank Limited
TypePublic
IndustryBanking, Financial services
Founded1904 (1904)
Founders
  • R. Santhanam Iyer
  • S. Krishna Iyer
  • V. Krishnaswami Iyengar
  • T. S. Raghavachariar
HeadquartersKumbakonam, Tamil Nadu, India
Number of locations
1000 branches (2026) [1]
Key people
  • G.Mahalingam
    (Chairman)[1]
  • R.Vijay Anandh
    (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$620 million) (2024) [1]
Decrease ₹1,516.73 crore (US$160 million) (2024) [1]
Increase ₹1,015.73 crore (US$110 million) (2024) [1]
Total assetsIncrease ₹70,825.86 crore (US$7.4 billion) (2024) [1]
Number of employees
7188 (2024) [1]
Capital ratio23.7% (2024) [1]
Websitehttps://www.cityunionbank.bank.in

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 focused on operating as a regional bank in Thanjavur district, Tamil Nadu. In FY2026 the bank had a market capitalization of ₹93.62 billion (US$970 million) and operated 932 branches, and 1762 ATMs.[2]

The Bank operates a network of 425 branches, with 291 locations (68%) situated in Tamil Nadu, accounting for 72% of its total business.[3]

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.[4]

The first branch outside the state of Tamil Nadu was opened at Sultanpet, Bangalore in Karnataka in September,1980.[5]

The Bank started its own Staff Training College on 21st August, 1989 at Kumbakonam.[5]

See also

Official website

References

  1. 1 2 3 4 5 6 7 8 "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. ↑ "City Union Bank – TVS Capital". Archived from the original on 23 February 2024. Retrieved 18 August 2026.
  4. ↑ "70 companies with pre-1947 roots: 1904: Kumbakonam Bank Ltd". LiveMint. LiveMint.com. 24 August 2017. Retrieved 18 October 2020.
  5. 1 2 "History of CUB". www.cityunionbank.bank.in. Retrieved 18 August 2026.


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