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City Union Bank
 
 
 

Last Updated on April 6, 2020

 

Implementing Partners

  • SASTRA University
  • United Way of Chennai
  • CUB Foundation
  • Rotary Club of Tirupur
  • Rotary Club of Coimbatore
  • Cauvery Delta Farmers Association
  • Siruthuli
  • Metropolis Trust
  • Direct Implementation
 
 
 

Thematic Areas

  • Preventive Healthcare, Water and Sanitation
  • Education, Employability and Livelihoods Enhancement
  • Environmental Sustainability
  • Heritage conservation, Promoting Art, Craft and Culture, Public Libraries
  • Armed Forces Veteran Welfare
  • Technology incubation (Central Government)
  • Rural Development
  • Contribution to Central Government Fund
 
 
 
 
 

City Union Bank

No 149 T S R (Big) Street, , Kumbakonam, Tamil Nadu-612001, Thanjavur, Tamil Nadu
 

Sector : Banks

International Origin : No

Company Type: Exchange Listed (BSE,NSE)

 
 

CSR Financial Details (INR Cr.)

Year
Actual CSR
Prescribed CSR
2018-2019
13.49 Cr
13.90 Cr
2017-2018
10.68 Cr
11.99 Cr
2016-2017
8.16 Cr
10.25 Cr
View all
 


Financial Insights

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.

 

About the company

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.

CSR Foundation Description

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

Headquarter: Thanjavur-Tamil Nadu
 
Plant/Office Locations:
 

CSR projects of the company

 
Funds for Technology Incubators
Project Budget: INR 1.10 Cr
As entrepneurship and idea generation for development of open source platform, Employment enablement....
 
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Animal Welfare
Project Budget: INR 0.10 Cr
  The CUB foundation supported the cause for animal welfare and helped in Ghoshala Maintenance....
 
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Benefit to Armed forces veterans
Project Budget: INR 0.41 Cr
As part of this initiative, the company has conducted workshop for the childrens of war widows and j....
 
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Donation to Disaster Relief fund
Project Budget: INR 1.67 Cr
In order to have rehabilitate affected communities after disaster flood in Kerla, the Ccompany donat....
 
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Social Community Development
Project Budget: INR 3.95 Cr
The company through its CSR project helped in building the infrastructure development for Polagam -P....
 
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Protection of Art & Culture including Restoration of sites of historical importance
Project Budget: INR 0.91 Cr
The company has contributed towards Protection of heritage sites and monuments of archaelogical impo....
 
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Promoting Healthcare
Project Budget: INR 0.82 Cr
The company has contributed towards Construction of hospital building and provided ambulance van. Fo....
 
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Literacy & Rural Sports
Project Budget: INR 2.32 Cr
The company has contributed towards Construction of school building & classrooms and Smart Class....
 
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Cleanliness and Swachh Bharat Mission
Project Budget: INR 2.21 Cr
The company has contributed towards Sanitation, Safe Drinking water, construction of toilets, water ....
 
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Envrionment Sustainability Initiatives
Project Budget: INR 0.67 Cr
The bank has spent some money towards Ground water recharge pools, Maintenance of water bodies, de-s....
 
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Promoting Art and Culture
Project Budget: INR 0.45 Cr
The Bank has always been in the forefront for the protection of National Heritage, Art & Culture....
 
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Healthcare Activities
Project Budget: INR 1.11 Cr
The Bank supported a number of initiatives and activities viz. • Construction of additional bu....
 
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Construction of Smart Classrooms
Project Budget: INR 2.68 Cr
  The Bank as part of the financial inclusion measures has widened its reach in remotest of th....
 
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Swachh Bharat Mission
Project Budget: INR 5.77 Cr
  City Union Bank dedicates itself to various initiatives of the Government of India including....
 
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Relief Fund
Project Budget: INR 0.64 Cr
Donation for flood at Chennai....
 
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Environment sustainability and Social Community Development
Project Budget: INR 1.08 Cr
Construction cost provided for community Building for common cause, Donation & charity for Maham....
 
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Ancient Temple renovations, Art and cultural welfare
Project Budget: INR 1.62 Cr
Restoration and Renovation of sites of Historical Importance....
 
More CSR Info >>
 
Literacy and Rural Sports
Project Budget: INR 1.26 Cr
Educational support, building schools & college blocks, technological aid to schools, providing ....
 
More CSR Info >>
 
Cleanliness under Swachh Bharat Mission and Drinking water
Project Budget: INR 3.28 Cr
Safe drinking water to community, Sanitation, construction of toilets, water tank & pipelines....
 
More CSR Info >>
 
 
 

 
 

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