Partner

MY FINANCE is a Business Correspondent to CITY UNION BANK for MSME Loans.

City Union Bank (CUB), headquartered in Kumbakonam, Tamil Nadu, is an old Indian private sector bank focused on lending to MSME and retail trade. Established in 1904, it has a strong presence in South India, though it operates across the country through its extensive branch network. CUB is known for its digital innovation, commitment to service, and strong financial performance, which has maintained its position as a mid-sized bank with a significant market share, particularly in its home region. 

History and operations
  • Established: 1904
  • Headquarters: Kumbakonam, Tamil Nadu
  • Branches: 875 as of March 2025, with over half in Tamil Nadu
  • Focus: Lending to MSME and retail/wholesale trade, with a significant share in gold loans
  • Total Business: Surpassed ₹102,138 crore in total business in its 120th year 
Financial and strategic overview
  • Deposits: ₹63,526 crore as of March 31, 2025 
  • Gross Advances: ₹53,066 crore as of March 31, 2025 
  • Growth: Consistent growth in gross advances, with a 14.4% increase in FY25 
  • Liquidity: Strong liquidity profile supported by high liquidity coverage and net stable funding ratios 
  • Capital Adequacy: Healthy capital adequacy ratio, with a Tier-1 ratio of 21.5% in FY25