A lot to learn
Friday, October 5, 2018
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.
Share to Twitter
Share to Facebook
Share to Pinterest
Post a Comment
Post Comments (Atom)