City Union Bank Ltd. Company Profile: Products, Promoters and Clients

City Union Bank Ltd. Company Description

City Union Bank Ltd. is the oldest private sector bank in India, founded on October 31, 1904. It is headquartered in Kumbakonam, Tamil Nadu. The bank's main focus is lending to MSME, retail/wholesale trade, and providing short-term and long-term loans to the agricultural sector. It has a pan-India presence with a strong foothold in South India, particularly Tamil Nadu.

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Q1. What are the Product and service offerings of City Union Bank Ltd?

The company offers a wide range of lending services, including loans to MSMEs, retail traders, agriculture, housing, personal loans, and corporate loans. It also provides deposit products such as savings accounts, current accounts, and term deposits. In digital banking, the company offers services like mobile banking, internet banking, and UPI. Recently, it has launched new digital offerings, including conversational UPI payments, UPI Lite, digital lending for instant loans, and video KYC.

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Q2. Who are the Promoters/Management of City Union Bank Ltd?

Shri G. Mahalingam, the Non-Executive Chairman, is a career regulator having worked for 34 years at the RBI and 5 years as a Whole Time Board Member at SEBI. He has extensive experience in banking regulation and supervision as well as market regulation.

Dr. N. Kamakodi, the Managing Director & CEO, joined the bank in 2003 and rose through the ranks to become the MD & CEO in 2011. Prior to joining City Union Bank, he had experience in various roles in the banking industry.

Shri. Subramaniam Narayanan, a Director on the Board, has rich experience across various areas including business management, private equity, finance, accountancy, treasury & risk management, and information technology. He has previously held leadership positions in asset management and banking firms.

Q3. Who are the Clients of the company?

The company serves clients through its 800 branches across India, with a strong presence in South India, including 524 branches in Tamil Nadu. Tamil Nadu accounts for 80% of the company's deposits and 66% of its advances. Other key states include Andhra Pradesh, Karnataka, Telangana, Maharashtra, and Gujarat. The company's loan book is well-diversified, with significant portions in MSME loans, agriculture loans, and loans to traders. Its deposit base is predominantly retail, featuring a high CASA ratio.

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Written By:Khush Kothari