City Union Bank Limited is one of the oldest private sector banks in India and has been in existence for 109 years.
The Bank’s total advances have grown from INR 122,217.02 million as of March 31, 2012 to INR 162,236.22 million as of March 31, 2014 at a CAGR of 20.3%. The Bank’s total deposits increased from INR 163,407.56 million as of March 31, 2012 to INR 220,168.92 million as of March 31, 2014 at a CAGR of 19.5%. The net profit of the Bank for the year ended March 31, 2014 was INR 3,470.74 million.
As of March 31, 2014, the Bank had 425 branches and 950 ATMs across 15 states and two union territories with a predominant presence in south India.
Edelweiss Financial Services acted as Global Coordinator and Book Running Lead Manager for Citi Union Bank in the Qualified Institutional Placement (QIP).
Edelweiss Financial Services
Advised in the sale of
City Union Bank Limited
to