City Union Bank

Estimated Prescribed CSR Budget FY 2019 - 2020:  INR 19.05 Cr

The CSR budget of INR 4.14 Cr from the financial year 2017-18 was carried forward next year (FY 2018-19)

Company’s Statement for unspent in FY 2018-19: The unspent amounts relating to FY 2015, 2016, 2017 and 2018 as furnished in the previous year Annual Report of FY 2018 has been fully spent during FY 2019 and only, an amount of INR 4.55 cr is outstanding which pertains to FY 2019. The unspent amount for FY 2019 has been duly budgeted and will be disbursed as per requirements of CSR beneficiary.

The City Union Bank Limited is an Indian bank. The Kumbakonam Bank Limited, as it was at first called, was incorporated as a limited company on 31 October 1904. The bank initially preferred the role of a regional bank in the Thanjavur district of Tamil Nadu. The bank also provides a gamut of technological services like net banking, mobile banking, self-service kiosks, Bulk Note Acceptors and Point of Sales etc. To cater to the needs of customers of many different walks of life, the bank also has a wide offering of savings and deposit products to meet the demand of various customers. It also offers many loan products to service the financial needs of small individual customers to large industries. In the FY 2016-17 The Bank has a market capitalization of ₹12,529.92 crore (US$1.8 billion) and it has 550 branches and widened its ATMs reach to 1486 locations.

CUB Foundation:

The Bank constituted a Non-Profit Trust in the name of "CUB Foundation" which primarily identifies, recommends and oversees the CSR activities approved by the CSR Committee, to which it reports. The Foundation came into being on 7 November, 2014. The Trustees administer the Trust in accordance with the policy and guidelines laid down by the Board of Directors on CSR. Since inception, the CUB Foundation has been taking up causes which are of critical importance to the community and its pioneering work in the field of CSR has contributed immensely to the betterment of the society.

Headquarter and Plant/Office Locations