City Union Bank

City Union Bank Limited
Company type	Public
Traded as	NSE: CUB; BSE: 532210;
Industry	Banking, Financial services
Founded	1904 (120 years ago)
Founders	R. Santhanam Iyer; S. Krishna Iyer; V. Krishnaswami Iyengar;
Headquarters	Kumbakonam, Tamil Nadu, India
Number of locations	800 branches (2024)
Key people	M.Narayanan; (Chairman); Dr. N. Kamakodi; (MD & CEO);
Products	Asset management, Consumer banking, Corporate banking, Finance and Insurance, Forex, Investment banking, Mortgage loans, Payment solutions, Private banking
Revenue	₹6,012.22 crore (US$720 million) (2024)
Operating income	₹1,516.73 crore (US$180 million) (2024)
Net income	₹1,015.73 crore (US$120 million) (2024)
Total assets	₹70,825.86 crore (US$8.5 billion) (2024)
Number of employees	7188 (2024)
Capital ratio	23.7% (2024)
Website	https://www.cityunionbank.com/

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]