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City Union Bank
company
About
City Union Bank is an Indian bank that focuses on lending to traders and small enterprises.
- 5001 - 10000
Details
- Last Funding Type
- Post-IPO Equity
- Last Funding Money Raised
- ₹450M
- Industries
- Banking,Finance,Financial Services
- Founded date
- Jan 1, 1904
- Number Of Employee
- 5001 - 10000
- Operating Status
- Active
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.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
1
₹450M
City Union Bank has raised a total of
₹450M
in funding over 2 rounds. Their latest funding was raised on
Dec 1, 2006 from a Post-IPO Equity round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Dec 1, 2006 | Post-IPO Equity | ₹450M | 1 |
Larsen & Toubro
|
— | Detail |
Investors
Number of Lead Investors
Number of Investors
1
1
City Union Bank is funded by 1 investors.
Larsen & Toubro
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Larsen & Toubro
|
Yes | Post-IPO Equity |
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