Financial Daily from THE HINDU group of publications
Friday, Feb 20, 2004
Financial Daily from THE HINDU group of publications Friday, Feb 20, 2004 |
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Money & Banking
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Private Banks CUB targets Rs 10,000-cr biz Our Bureau
Coimbatore , Feb. 19 THE Kumbakonam-based City Union Bank Ltd (CUB) is gearing up to achieve a business of Rs 10,000 crore by 2007. The bank is targeting to double its business within the next three years. The total business at present is Rs 4,400 crore, with deposits at Rs 2,700 crore and advances at Rs 1,700 crore. The bank is confident of crossing a business volume of Rs 5,000 crore in the current fiscal. The Assistant General Manager of the Coimbatore branch of CUB, Mr D. Kannappan, told press persons that the 126th branch at Oppanakara Street would become operational from February 23. "This would be the first branch where the core banking solution (CBS) is being implemented," he said.
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