The bank, ‘The Kumbakonam Bank Limited’ as it was then called was incorporated as a limited company on 31st October,1904. The first Memorandum of Association was signed by twenty devoted and prominent citizens of Kumbakonam including Sarvashri R. Santhanam Iyer, S.Krishna Iyer, V.Krishnaswami Iyengar and T.S.Raghavachariar. Shri T.S.Raghavachariar was the First Agent of the Bank. In 1908, he was succeeded by Shri R. Santhanam Iyer who became the Secretary of the bank under the amended Articles of Association which created the office of a Secretary to be in charge of the Bank’s Management in the place of the Agent, which post he held till his death in 1926. He was succeeded by Shri. S. Mahalinga Iyer as Secretary who subsequently became the First full-time Managing Director of the bank in tune with the amendment of Articles in 1929. He held the position of Secretary from 1926 to 1929 and that of Managing Director from 1929 to 1963.The bank in the beginning preferred the role of a regional bank and slowly but steadily built for itself a place in the Delta District Thanjavur. The first Branch of the Bank was opened at Mannargudi on 24th January 1930. Thereafter, branches were opened at Nagapattinam, Sannanallur, Ayyampet, Tirukattupalli, Tiruvarur, Manapparai, Mayuram and Porayar within a span of twenty five years. The Bank was included in the Second Schedule of Reserve Bank of India Act,1934, on 22nd March 1945. The first branch outside the state of Tamilnadu was opened at Sultanpet, Bangalore in Karnataka in September,1980. Branches were also opened at the twin cities of Hyderabad and Secunderabad in Andhrapradesh. In tune with the national image attached to the Bank, the Bank’s name was changed to ‘City Union Bank Limited’ with effect from December,1987. The Bank is having a network of 202 Branches spread in different parts of our Country as on 01/02/2009. To provide value added services, the Bank has entered into Memoranda of understanding with Life Insurance Corporation of India and National Insurance Company Limited for selling insurance products. The Bank has been accorded license by Insurance Regulatory Authority of India [IRDA] to act as Corporate Agent.
Selection procedure includes Written Test – Objective & Descriptive. Objective test is consisting of Test of Reasoning Ability, Test of Quantitative Aptitude, and Test of General Awareness on current developments. The descriptive part is meant for testing Higher order cognitive abilities to assess knowledge on current developments and communication skills. And this procedure will be followed by a GD and PI for the candidates who clear the written test.
City Union Bank Ltd.
No.149, T.S.R Big Street,
Phone : 0435-2402322,2401622
FAX: 0435-2431746 Telex: 0467-212
E-Mail : [email protected]