Last deal

Amount

Post-IPO Equity

Stage

01.01.2019

Date

4

all rounds

$33.1M

Total amount

General

About Company
City Union Bank is an Indian bank that provides banking products and services to individuals and corporations in India.

Industry

Sector :

Subsector :

Keywords :

Also Known As

CUB, Kumbakonam City Union Bank, The Kumbakonam Bank, The Kumbakonam Bank Limited

founded date

01.01.1904

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Equity

IPO status

Private

Description

Established in 1904, City Union Bank is one of the largest old private sector banks in Tamil Nadu, focusing on lending to traders and small enterprises. With a strong network of 496 computerized branches and 1292+ ATMs across India, the bank operates through four segments: Corporate banking, Treasury, Retail Banking, and Other Banking Operations. Retail Banking is the bank's largest revenue contributor, offering services such as savings and current accounts, deposits, credit, loans, and insurance. In 2006, Larsen & Toubro acquired a 10% stake in the bank.
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