GENERAL KNOWLEDGE

GK

BANKING AWARENESS AND SEBI

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In which year “City Union Bank” was formed?
A
1901
B
1902
C
1903
D
1904
Explanation: 

Detailed explanation-1: -City Union Bank was incorporated on 31st October, 1904 as ‘The Kumbakonam Bank’. The bank in the beginning preferred the role of a regional bank and slowly but steadily built for itself a place in the Delta District Thanjavur. The company set up its first branch at Mannargud on 24th January 1930.

Detailed explanation-2: -The full form of CUB is the City Union Bank Limited. CUB is an Indian bank and its headquarter is located in Kumbakonam, Tamil Nadu. At first, the bank was titled Kumbakonam Bank Limited, and on 31 October 1904, it was established.

Detailed explanation-3: -The City Union Bank Limited was originally incorporated under the name Kumbakonam Bank as a limited company on 31 October 1904. The bank preferred a regional role and adopted an agency model in the initial years. The first branch was opened in 1930. In 1987, the name of the bank was changed to City Union Bank.

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