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Money & Banking
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Private Banks
City Union targets Rs 12,000-cr biz
Coimbatore, Dec 20
Having achieved a milestone by crossing the Rs
10,000-crore mark business, Kumbakonamheadquartered
City Union Bank is targeting Rs 12,000
crore by the end of this fiscal and more than doubling it to
Rs 25,000 crore by 2010. The bank today announced that
it has achieved a total business of Rs 10,000 crore
comprising Rs 6,144 crore of deposits and Rs 3,877 crore
advances, registering a 33 per cent growth. Having set its
business target, the bank is also looking to establish a
pan-India presence by adding at least 50 new branches by
end 2008 and taking its branch network to 225, subject to
the regulator's approval. - Our Bureau
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