City Union Bank Expands Footprint: Opens 4 New Branches Across Kerala, West Bengal, and Andhra Pradesh

City Union Bank Limited (CUB) has announced the opening of four new branches today, reaching a significant milestone in its retail network expansion. With these strategic additions, the Bank's total physical network has increased to 953 branches nationwide.

The new branches are located in key growth corridors, strengthening the Bank's presence in the southern and eastern markets of India.

New Branch Locations

In Kerala, the Bank has opened a branch in Kakkanad, Ernakulam District. Situated on Info Park Main Road opposite the Prestige Hillside Gateway, this branch is positioned to serve the thriving IT and professional community in the Kusumagiri area.

In West Bengal, the Bank has significantly bolstered its presence in Kolkata with two new locations. The Thakurpukur branch, located on M G Road in Lux Valley, will cater to the growing residential needs of Ward No. 114. Additionally, a premium branch has been inaugurated at Shakespeare Sarani in the Park Street area, providing high-street banking services in one of Kolkata's most prominent commercial districts.

In Andhra Pradesh, a new branch was opened in the temple town of Srikalahasti, Tirupati District. Located on Bazar Street in Revenue Ward No. 3, this branch aims to provide localized and accessible banking solutions to the local business and pilgrim community.

Strategic Rationale and Growth

This expansion highlights City Union Bank's commitment to a "phygital" strategy-balancing robust digital banking initiatives with a steady increase in its physical footprint. By targeting high-tech corridors like Kakkanad and historic commercial hubs like Shakespeare Sarani, the Bank continues to diversify its customer base and deepen its market penetration across varied demographics.

City Union Bank remains focused on delivering personalized banking experiences as it moves closer to the milestone of 1,000 branches.

Shares of City Union Bank Limited was last trading in BSE at Rs. 252.05 as compared to the previous close of Rs. 249.60. The total number of shares traded during the day was 134364 in over 2567 trades.

The stock hit an intraday high of Rs. 253.55 and intraday low of 245.30. The net turnover during the day was Rs. 33799864.00.

Source : Equity Bulls

Keywords

CityUnionBank INE491A01021 CUB 4NewBranches