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.

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