Full Form of CUB, History, Service, City Union Bank Limited

The full form of CUB is City Union Bank Limited. 

Understanding banking technology and terminologies is essential for candidates interested in the banking industry. Aspiring candidates and banking professionals must stay current on all banking terminology.

Many students wonder, while studying for banking exams, what the full form of CUB is. CUB stands for City Union Bank. Continue reading to learn about the bank's brief history and key features.

City Union Bank (CUB) began in 1904 as a limited corporation called "The Kumbakonam Bank Limited," but it quickly grew. Its headquarters are in Kumbakonam, Tamil Nadu.

City Union Bank opened its first branch outside of Tamil Nadu in Sultanpet, Bangalore, Karnataka, in September 1980. In Andhra Pradesh, branches were established in Hyderabad and Secunderabad. The bank's name was changed to 'City Union Bank Limited' in December 1987 to better reflect the bank's national image.

What is CUB?

CUB is an Indian bank, with headquarters in Kumbakonam, Tamil Nadu. The bank was established on October 31, 1904, as Kumbakonam Bank Limited.

The bank preferred the function of a regional bank in the Thanjavur District of Tamil Nadu. CUB provides a variety of technical services, including net and mobile banking, self-service kiosks, bulk note acceptors, and sales points.

City Union Bank (CUB), which was founded in 1904 as a limited company called "The Kumbakonam Bank Limited," grew quickly. Its current headquarters are in Kumbakonam, Tamil Nadu, and it offers a wide range of goods and services to its customers.

City Union Bank Ltd., one of the top scheduled commercial banks in the private sector, has a significant presence in South India's urban, semi-urban, and rural centers. The Bank's operations are divided into four categories: corporate banking, retail banking for the Treasury, and other banking activities. 

Among their products are savings accounts, current accounts, fixed deposits, cash certificates, VIP deposits, Flex fix deposits, CUB Smart deposits, and tax saver gold deposit accounts.

Headquarters of CUB

City Union Bank Limited (CUB) is headquartered in Kumbakonam, Tamil Nadu. The bank was established on October 31, 1904, as Kumbakonam Bank Limited.

Organizational Structure Of CUB

Dr. N. Kamakodi, who joined the bank as a Deputy General Manager in June 2003 and later rose through the ranks to General Manager in March 2005, Executive Director in October 2006, and Executive President in January 2011, has been named Managing Director and Chief Executive Officer, effective May 1, 2011, according to Reserve Bank of India approvals.

CUB's Brief History

In 1957, the bank acquired the assets and liabilities of the CommonWealth Bank Limited and annexed the bank's five branches in Aduthurai, Kodavasal, Valangaiman, Jayankondacholapuram, and Ariyalur.

Shri. R. A. Venkataramani Iyer became Chairman of the Bank in 1963, a position he held until 1969.

In April 1965, the Bank amalgamated with two other local banks, 'The City Forward Bank Limited' and 'The Union Bank Limited,' resulting in the addition of six more branches, namely Kumbakonam-Town, Nannilam, Koradacherry, Tiruvidaimarudur, Tirupanandal, and Kuttalam. As a result, the name of the bank was changed to 'The Kumbakonam City Union Bank Limited'.

• The City Union Bank Limited was founded as a limited company on October 31, 1904, under the name Kumbakonam Bank.
• The bank preferred a regional function and initially operated on an agency model.
• In 1987, the bank's name was changed to City Union Bank.

Service Provided by CUB 

Net banking, mobile banking, self-service kiosks, bulk note acceptors, and point of sale are among the technology services provided by CUB.  In addition, the bank provides a wide range of savings and deposit options to meet the needs of customers from all walks of life. 

It also provides a range of loan packages to meet the financial needs of small and large businesses. The following are a few of the services provided by CUB.

• Passbook printing kiosk
• Chatbot facility
• ASBA facility for IPO subscription
• CUB QR facility
• CUB debit card
• Cheque clearing Kiosk
• CUB gift card
• CUB credit card facility
• CUB POS machine facility
• CUB travelling card facility
• CUB virtual credit card facility
• CUB Credit card

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