Q1 FY 24 Performance Snapshot
KEY MILESTONES
CUB
CUB
1904
Incorporation
of
the Bank
02
1957
Took over
Common
Wealth
Bank Limited
01
2003
Obtained licenses
to act as an agent for
procuring life
insurance & general
insurance business
1945
Scheduled bank
since
22.03.1945
80
03
1998
Initial Public
Offering (IPO);
Listing bank's
shares on the
BSE, NSE & MSE
04
05
06
1965
Amalgamation
of 'The City Forward Bank
Limited & 'The Union Bank
Limited with our Bank
2002
Entered into
agreement with
TCS for core banking
solution "Quartz
2009
Rights Issue
@ 1:4 to
reward the
existing
Shareholders
10
2014
Raised
INR Rs.3,500 mn in
Equity capital
Through
QIP route
12
07
2007
Preferential
allotment for equity
shares strengthening
bank's capital funds
09
90
2012
Rights Issue
@ 14-to reward the
existing shareholders &
employees under
11
"Employee Reservation Scheme"
2017 &
2018
Bonus issue @ 1; 10-
rewarded to the
existing shareholders
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