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Connecting the unconnected - A global plastic event in India An American alliance in the chemical industry? Inclusive and forward moving... Hero Motocorp - smooth ride Economic issues take a back seat at G20 summit Pharma market dozes Strategy war escalates between Hero and Honda On the ‘milky’ way Durga - India’s largest blast furnace; now operational Investor friendly Japan Climate change may change the way businesses work... Research needs more funding Indian Bank – global businesses crosses Rs 3 lakh crore... CUB: towards card-less withdrawal Dynamic e-commerce scenario Industry-well poised to invest on expansion An aerospace-defence cluster in Tamil Nadu… The new look- 4s Verna Hyundai excites again Changing dynamics in human resource management Business Breif SumInfra- corridor based development... TOP 10 CEO Compensation IFCI to raise NCDs upto Rs 2000 crore Applauding enterprise... Nothing to hide... Realising double digit growth in Tamil Nadu OBO Bettermann for better lightning protection Chola MS launches motor app Blue Star plans a new plant in south Digital retail transactions stabilise at higher level… STFC raises money Techies trip to India Economic, business and social sustainability ALL – truck industry is recovering from degrowth Carrefour’s quick exit Adding Zest to Scooty Celebration time at MS Chola Four daughters and a proud father Schwing Stetter India joins hands with US-based Gomaco ECGC expands operations Innovation that helped Chennai port Auto test tracks launched at GARC Oragadam campus Holiday Inn opens in OMR Chennai Big-ticket investments march towards Punjab Creating Tamil Nadu Banana brand Flexible labour laws… AirAsia India infuses funds to fight out competition Sun Edison launches solar pumps WABCO’s second Chennai plant TiE applauds innovative entrepreneurs BRICS development bank ISRO's 100th mission Make way for the new and dynamic railways Veritas Finance- financing the unfinanced Placing the right shoe forward... Need to focus on ease of doing business... Waste, a gold mine Nigeria comes nearer ALL to launch electric busses TII-challenging year with flat growth Chola MS net crosses 100 crores Tata Steel commence operations at Kalinganagar Rating of states to be released soon Towards peace of mind Chennai Port is at last decongested! Celebrating 180 years of relevance Apple maps – finding its way Purdue and IIT-M sign the dotted line When Centre visits the state Illicit markets a concern to growing economy Secured NCDs from Shriram City TVS Logistics – another acquisition to sharpen the business model ALL-two launches in a row Smart controls for cooling large multi-zone spaces ... World labour laws at a glance Brand leaders come forward... Ridley marathon to India Chennai to get a roundabout Metro Three more leather clusters… Scoot offers just Rs.13,500 to ANZ... TCS’ revenues cross Rs 100,000 crore Gem of social service... Backpack laboratory TII’s single largest investment at Thiruthani Focus on self-certification and third party inspection Well-refined – RIL’s refinery margins zoom Is Indian telecom industry heading for a monopoly? European crisis is a global crisis! Murugappa- a year of consolidation Chennai will soon get its World Trade Centre Curbing steel imports will hurt small business... Downsizing spree... Housing Innovation Challenge, 2015 Time to fast-pace the logistics sector LVB gears to become a financial supermarket Realty sector takes a break... Business Briefs Indigo stays leader with 40 per cent share Steel loses its sheen Reality bytes Striking cords for 25 years… Automotive Vision Plan II... More gensets and diesel engines from TAFE Airlines wage price war TN budget pragmatic and moderate on fiscal deficit People Flow Day- Safety Bridging the skill deficit in pharma industry
 
CUB: towards card-less withdrawal

With a total business of Rs 48,411 crore, City Union Bank (CUB) has maintained a 15 per cent growth in FY16.  Deposits have increased to Rs 27,158 crore, a jump of 13 per cent.  In the thick of reports of banks reporting massive losses, CUB has recorded a 13 per cent increase in its net profit, with net NPA at 1.53 per cent of its net advances. CUB has been able to maintain quality assets with focus on SMEs and agriculture.

Among smaller private banks, CUB has been a pioneer in technological advancements, from e-wallet to the e-lounge. Its next focus is on card-less cash withdrawal that would enable a CUB customer to withdraw money from CUB ATMs through one-time password (OTP), without using a card. It has been implemented in

T-Nagar, Mandavelli and Mount Road CUB ATMs. With the induction of S Mahalingam (ex-TCS Director) as the non-executive chairman, CUB can be expected to use much more technology.

One saw CUB everywhere in the recent Mahamaham festival with a step up in its CSR expenditure to Rs 10.45 crore. As part of Swachh Bharat mission, the bank  has constructed around 110 public toilets and made available mobile toilets during the Mahamaham festival. It has also planned smart initiatives to be implemented in and around Kumbakonam.

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