The Kumbakonam-headquartered financial institution has achieved this document in its a hundred and twentieth 12 months of operations. The financial institution’s complete enterprise crossed the ₹50,000 crore mark in FY17, and the second ₹50,000 crore has been achieved in simply seven years. The financial institution administration couldn’t be reached for extra particulars or a remark.
As of March 31, 2023, the financial institution’s complete enterprise stood at ₹96,369 crore, up from ₹88,846 crore a 12 months in the past. Within the December 2023 quarter, the financial institution’s complete enterprise stood at ₹96,744 crore, and it reported a revenue after tax of Rs.253 crore.
Metropolis Union Financial institution is greater than Tamilnad Mercantile Financial institution by way of enterprise dimension however smaller than Karur Vavya Financial institution.
Tamilnad Mercantile Financial institution’s complete enterprise stood at ₹85,016 crore in FY23, up from ₹78,425 crore a 12 months in the past, whereas Karur Vysya Financial institution’s complete enterprise stood at ₹1,40,806 crore as of March 31, 2023, up from ₹1,25,362 crore as of March 31, 2022.
Whereas last monetary numbers of CUB are awaited, N Kamakodi, MD & CEO of CUB had indicated, throughout the financial institution’s Q3FY24 earnings name, that CUB would finish the 12 months FY24 with progress within the vary of 12-15 per cent.
On Saturday, the financial institution opened its newly constructed workplace – CUB Bhavan – contained in the Guindy Industrial Property in Chennai. CUB just lately opened its 800th department at Ayodhya, Uttar Pradesh.
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