Verified employee & interview reviews

City Union Bank Reviews

Kumbakonam, Tamil Nadu

4.7/ 5

3 reviews

City Union Bank Limited (CUB) is one of India's oldest private sector commercial banks, boasting a legacy of over 120 years. Established on October 31, 1904, as the Kumbakonam Bank Limited in the Thanjavur district of Tamil Nadu, the institution initially prioritized a regional role through an agency model. It expanded its operations over the decades, opening its first branch in 1930 and officially rebranding as City Union Bank Limited in December 1987. Headquartered in Kumbakonam, Tamil Nadu, CUB operates as a professionally managed, widely held commercial bank with no identifiable promoter group. The bank serves a vital role in India's financial ecosystem, focusing significantly on small and medium enterprises (SMEs), micro-SMEs (MSMEs), and retail and wholesale trade segments. Its asset profile is granular, with MSME advances alone constituting roughly 41% to 44% of its total loan book. CUB maintains a powerful regional concentration in South India, particularly in its home state of Tamil Nadu, which accounts for approximately two-thirds of its branch network and over 65% of its total advances. However, the bank has pursued strategic geographical diversification, establishing a growing presence in major urban and commercial centers across India, including Mumbai, New Delhi, Karnataka, Telangana, and West Bengal. By April 2026, the bank expanded its footprint to 1,000 operational branches alongside an extensive network of over 1,600 ATMs and Bills Recycler Machines. CUB operates across four primary business segments: Retail Banking, Corporate/Wholesale Banking, Treasury, and Other Banking Operations. Retail banking serves as the primary revenue driver, drawing from a stable, retail-driven liability franchise. The bank offers a comprehensive suite of financial products, including savings, current, and NRI accounts; fixed and recurring deposits; and diverse credit solutions such as personal, home, educational, and agricultural loans. Notably, gold loans represent a substantial portion of its portfolio, accounting for about 27% of advances. In partnership with external entities like LIC, the bank also provides life, health, and general insurance products. Technologically driven, CUB has integrated digital solutions to optimize business productivity and streamline credit delivery. It has utilized the "Quartz" core banking solution since 2002 and offers advanced customer platforms like the CUB All-In-One Mobile App, net banking, and self-service kiosks. Financially, CUB is publicly listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Led by Chairman G. Mahalingam and MD & CEO R. Vijay Anandh, the bank exhibits comfortable capitalization levels and steady asset quality, with a net NPA ratio reported below 1% and a total business mix exceeding INR 1,15,000 crore.