Why am I a customer of City Union Bank.?UNSOLICITED APPRECIATION
- It is a well -managed bank.
- Mr. S.Mahalingam and Dr. N.Kamakodi with their excellent team of directors have been in the course of taking care of all the investors and the customers with all their faculties.
- It is really an EASYaana Bank and Raasiyaana bank.
- Why I prefer this bank and why am I shareholder of this particular bank?
- Their paid-up capital from 32 crores in 2008 increased to 66 crores in 2018.
- Their reserves from 628 crores to 4096 crores.
- This is not possible without the excellent management.
- Their net profit started improving from 122 crores to 592 crores.
- Dividends were offered without any interruption from 2008 to 2018. in different percentages but not less than 30 percent.
- They have 600 branches from 207 in 2008.
- With a staff of 2452 to 5319 the bank is doing a good job.
- They care more for the customers.
- Their staff are more courteous and have more consideration for the clients be they young or old or senior citizens.
- They have many good plans for the customers from new born to seniors.
- Intrinsic value of shares raised from 21 rupees in 2008 to 63 rupees in 2018.
- Earning rate raised from 382 percent to 891 percent.
- They meticulously prepare the annual report and all details are a open secret.
- I have not heard of any STRIKE in the bank till now.
- They care more for credit risk, market risk and operational risks.
- I wish the bank all success.
- NOTE: This is an UNSOLICITED APPRECIATION AND NO CONSIDERATION HAS BEEN RECEIVED IN ANY KIND OR CASH.
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