City Union Bank
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City Union Bank Limited is an Indian private sector
bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...
headquartered in
Kumbakonam Kumbakonam (formerly spelt as Coombaconum or Combaconum) or Kudanthai is a city municipal corporation in the Thanjavur district in the States of India, Indian state of Tamil Nadu. It is located from Thanjavur and from Chennai and is the headq ...
,
Tamil Nadu Tamil Nadu (; , TN) is a States and union territories of India, state in southern India. It is the List of states and union territories of India by area, tenth largest Indian state by area and the List of states and union territories of India ...
. 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 Thanjavur District is one of the Districts of Tamil Nadu, 38 districts of the States and territories of India, state of Tamil Nadu, in southeastern India. Its headquarters is Thanjavur. The district is located in the delta of the Cauvery River ...
of
Tamil Nadu Tamil Nadu (; , TN) is a States and union territories of India, state in southern India. It is the List of states and union territories of India by area, tenth largest Indian state by area and the List of states and union territories of India ...
. In FY2016 the bank had a market capitalization of and operated 700 branches, and 1762 ATMs.


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.


See also

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Reserve Bank of India The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible for ...
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Indian Financial System Code The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. A code uniquely identifies each bank branch participating in the three main Payment and settlement systems in India: th ...
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Make in India Make in India is an initiative by the Government of India to create and encourage companies to develop, manufacture and assemble products made in India and incentivize dedicated investments into manufacturing. The policy approach was to creat ...


References

Private sector banks in India Banks established in 1904 Companies based in Tamil Nadu Companies based in Thanjavur Indian companies established in 1904 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange {{India-company-stub