CUB Full Form: Know All About CUB Here!
By BYJU'S Exam Prep
Updated on: September 25th, 2023
CUB Full Form: For candidates interested in the banking industry, understanding banking technology and terminologies are important. Aspiring candidates and banking professionals must keep themselves updated with all banking terms.
While studying for banking exams, a great majority of students wonder: what is the full form of CUB? The CUB full form is City Union Bank. Read on to know a brief history and salient features provided by this bank.
City Union Bank (CUB) began as a limited corporation in 1904 under the name “The Kumbakonam Bank Limited”, but it quickly expanded. It is based in Kumbakonam, Tamil Nadu.
In September of 1980, the first branch of City Union Bank outside of Tamil Nadu was founded in Sultanpet, Bangalore, Karnataka. In Andhra Pradesh, branches were opened in the twin cities of Hyderabad and Secunderabad. With effect from December 1987, the bank’s name was changed to ‘City Union Bank Limited’ in order to better reflect the bank’s national image.
Organizational Structure Of CUB
According to Reserve Bank of India approvals, 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 the bank’s Managing Director and Chief Executive Officer, effective May 1, 2011.
|
Name |
Position |
|
Shri. R. Mohan |
Non-Executive Chairman |
|
Dr. N. Kamakodi |
Managing Director and Chief Executive Officer |
|
Smt. Abarna Bhaskar |
Director |
|
Shri. M. Narayanan |
Director |
|
Shri. Subramaniam Narayanan |
Director |
|
Dr. T. S. Sridhar |
Director |
|
Shri. V.N. Shiva Shankar |
Director |
|
Shri. K. Vaidyanathan |
Director |
|
Shri. T.K.Ramkumar |
Director |
CUB Headquarter
The headquarters of City Union Bank Limited (CUB) is at Kumbakonam, Tamil Nadu. The bank was founded on October 31, 1904, under the name Kumbakonam Bank Limited.
City Union Bank Services
Net banking, mobile banking, self-service kiosks, bulk note acceptors, and point of sale are just a few of the technology services offered by CUB. The bank also offers a diverse range of savings and deposit solutions to meet the needs of consumers from all walks of life. It also offers a variety of loan packages to meet the financial needs of both small and large businesses.
The following is a list of a few of CUB’s services:
- Kiosk for printing passes
- Chatbot service
- The ASBA facility is available for IPO subscriptions.
- CUB’s QR code facility.
- Debit card from CUB
- Cheque clearing Kiosk
- CUB gift certificate
- CUB’s credit card service
- CUB POS (point-of-sale) machine
- Internet and mobile banking, self-service banking, business banking, and the CUB travel card facility.
- Virtual Credit card service of CUB
We really hope that the information about the CUB full form provided in this post was beneficial to all students in their exam preparation.
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