About City Union Bank
City Union Bank is a company based in Kumbakonam (India) founded in 1904.. City Union Bank has raised $4.5 million across 3 funding rounds from investors including Creador and MCap Fund Advisors. The company has 7,610 employees as of March 31, 2024. City Union Bank offers products and services including CUB Net Banking, CUB Personal Loan, CUB Fixed Deposit, CUB Mobile Banking, and CUB Agriculture Gold Loan. City Union Bank operates in a competitive market with competitors including Axis Bank, HDFC Bank, Bandhan Bank, RBL Bank and Yes Bank, among others.
- Headquarter Kumbakonam, India
- Employees 7610 as on 31 Mar, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name City Union Bank Limited
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Annual Revenue
$787.27 M (USD)12.45as on Mar 31, 2024
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Net Profit
$131.31 M (USD)10.63as on Mar 31, 2024
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EBITDA
$0 (USD)0as on Mar 31, 2024
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Total Equity Funding
$4.5 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Creador
& 1 more
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Employee Count
7610
as on Mar 31, 2024
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IPO & Listings of City Union Bank
City Union Bank is a publicly listed company on the NSE with ticker symbol CUB in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of City Union Bank
City Union Bank offers a comprehensive portfolio of products and services, including CUB Net Banking, CUB Personal Loan, CUB Fixed Deposit, CUB Mobile Banking, and CUB Agriculture Gold Loan. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online platform for managing accounts and transactions
Loans for personal expenses and needs
Fixed-term deposit schemes for savings
Mobile app for banking services on the go
Loans secured against gold for agricultural purposes
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Funding Insights of City Union Bank
City Union Bank has successfully raised a total of $4.5M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(10 Aug 2011)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2016 | Amount | Post-IPO - City Union Bank | Valuation |
investors |
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| Jul, 2014 | Amount | Post-IPO - City Union Bank | Valuation |
investors |
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| Aug, 2011 | Amount | Private Equity Round - City Union Bank | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in City Union Bank
City Union Bank has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Creador and MCap Fund Advisors. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment firm focusing on partnerships in consumer, healthcare, and business services across Southeast Asia and India.
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Founded Year | Domain | Location | |
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PE firm investing in India
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by City Union Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - City Union Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
City Union Bank Comparisons
Competitors of City Union Bank
City Union Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Axis Bank, HDFC Bank, Bandhan Bank, RBL Bank and Yes Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of a commercial banking services
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| domain | founded_year | HQ Location |
Commercial and personal banking services are offered by HDFC Bank.
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| domain | founded_year | HQ Location |
Personal and business banking services are offered to underbanked markets.
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| domain | founded_year | HQ Location |
Commercial banking services for personal and business needs are provided.
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| domain | founded_year | HQ Location |
Commercial banking services are offered to individuals and businesses.
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| domain | founded_year | HQ Location |
Commercial banking services are offered to corporate and retail customers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on City Union Bank
Frequently Asked Questions about City Union Bank
When was City Union Bank founded?
City Union Bank was founded in 1904 and raised its 1st funding round 107 years after it was founded.
Where is City Union Bank located?
City Union Bank is headquartered in Kumbakonam, India. It is registered at Kumbakonam, Tamil Nadu, India.
Who is the current CEO of City Union Bank?
N Kamakodi is the current CEO of City Union Bank.
Is City Union Bank a funded company?
City Union Bank is a funded company, having raised a total of $4.5M across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $4.5M, raised on Aug 10, 2011.
How many employees does City Union Bank have?
As of Mar 31, 2024, the latest employee count at City Union Bank is 7,610.
What is the annual revenue of City Union Bank?
Annual revenue of City Union Bank is $787.27M as on Mar 31, 2024.
What does City Union Bank do?
City Union Bank was established in 1904 in Kumbakonam, India, as a private sector institution. Core operations focus on commercial banking, including deposit accounts, lending, and transaction services. Branches are maintained throughout India to support retail and corporate clients. Leadership is provided by N Kamakodi as CEO and Managing Director. The bank adheres to standard financial regulations in the Indian market.
Who are the top competitors of City Union Bank?
What products or services does City Union Bank offer?
City Union Bank offers CUB Net Banking, CUB Personal Loan, CUB Fixed Deposit, CUB Mobile Banking, and CUB Agriculture Gold Loan.
Is City Union Bank publicly traded?
Yes, City Union Bank is publicly traded on NSE under the ticker symbol CUB.
Who are City Union Bank's investors?
City Union Bank has 2 investors. Key investors include Creador, and MCap Fund Advisors.
What is City Union Bank's ticker symbol?
The ticker symbol of City Union Bank is CUB on NSE.