City Union Bank is an Indian bank that focuses on lending to traders and small enterprises.
City Union Bank 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 Tamil Nadu.City Union Bank has now a strong network of 496 computerized branches and 1292+ ATMs which is spread throughout India.In December 2006 Larsen & Toubro bought 10% of the bank.The bank celebrated its 110th years of service on 31st October 2014.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Dec 1, 2006 | Post-IPO Equity | ₹450M | 1 | Larsen & Toubro | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Larsen & Toubro | Yes | Post-IPO Equity |