Small yet focused approach makes City Union Bank an interesting bet

High concentration in the south Indian market, particularly the SME belt is working to its advantage

Topics
City Union Bank | Banking | economy

Hamsini Karthik 

With every disruption in the banking sector, whether asset quality-led or caused by a change in preference, the industry has reinvented itself to offer new products or to diversify into new territories. The 115-year-old Tamil Nadu-headquartered City Union Bank (CUB), however, is an exception.

After starting as an outfit catering to small businesses, CUB remains committed to the segment and draws roughly 72 per cent of business from Tamil Nadu, and nearly 90 per cent from southern India. Being a small and medium enterprise (SME) centric bank, on a steady state basis it has drawn 35 per ...

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First Published: Wed, December 30 2020. 11:36 IST
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