City Union Bank Ltd - CITY UNION BANK Share Price

Summary

City Union Bank Ltd is one of the leading scheduled commercial banks in the private sector with major presence in urban, semi-urban and rural centers in South India. The Bank operates in four segments, namely Treasury, Retail Banking, Corporate Banking and Other banking operations. Their products include savings accounts, current accounts, fixed deposits, cash certificates, VIP deposit, Flexifix deposits, CUB Smart deposits and tax saver gold deposit account. The Banks services include automated teller machine (ATM) services, mail transfer, demand draft, phone transfer, standing instructions and nomination facility. The main focus of the bank is lending to MSME, Retail/Wholesale Trade with granular asset profile including providing short term and long term loans to agricultural sector. Presently, the Bank has a network of 752 branches of which 669 branches are in Southern States which constitutes around 89% of the total branch network and 83 branches in other states. It has 519 branches in the State of Tamil Nadu constituting about 69% of its totalbranch networkCity Union Bank Ltd was incorporated as a limited company on 31 October 1904 with the name, The Kumbakonam Bank Ltd. In 30 January 1930, the first Branch of the Bank was opened at Mannargudi in Tamil Nadu. Thereafter, branches were opened at Nagapattinam, Sannanallur, Ayyampet, Tirukattupalli, Tiruvarur, Manapparai, Mayuram and Porayawithin oenty five years.In the year 1957, the Bank took over the assets and... Read More