City Union Bank Expands Footprint with New Branch Opening in Telangana

City Union Bank Limited (NSE: CUB, BSE: 532210), continuing its strategic expansion across India, has announced the opening of a new branch today. With this addition, the bank's total network has reached 964 branches.

The new branch was inaugurated in the fast-developing Kokapet region of Hyderabad, Telangana.

New Branch Details

The newly opened branch is located in the Rangareddy District and is equipped with full Core Banking Solution (CBS) capabilities.

Branch Name: Kokapet
Branch Number: 964
CBS Code: 00969
Location: House No. 10-16, GKR Square, Radial Road No. 5, Shanthi Nagar Road, Kokapet, Gandipet Mandal, Hyderabad - 500 075.

The opening of the Kokapet branch is a significant move for City Union Bank as it strengthens its presence in the Telangana region. Kokapet is one of Hyderabad's premier commercial and residential hubs, and a physical presence here allows the bank to tap into a high-growth corridor dominated by the IT sector and modern infrastructure development.

This expansion aligns with the bank's goal of enhancing its retail and MSME (Micro, Small, and Medium Enterprises) reach by establishing touchpoints in economically vibrant locations.

Shares of City Union Bank Limited was last trading in BSE at Rs. 258.00 as compared to the previous close of Rs. 249.70. The total number of shares traded during the day was 52188 in over 963 trades.

The stock hit an intraday high of Rs. 260.15 and intraday low of 248.50. The net turnover during the day was Rs. 13274267.00.

Source : Equity Bulls

Keywords

CityUnionBank INE491A01021 CUB NewBranch Telangana