BILKULONLINE
Ahmedabad, June 20: Dr. N. Kamakodi, Managing Director and CEO of City Union Bank, received the Digital Payments Award from Union Finance Minister Nirmala Sitharaman at a ceremony held on June 18, 2025, at Plenary Hall, Vigyan Bhawan, New Delhi.
Organised by the Department of Financial Services, Ministry of Finance, the Digital Payments Awards honour banks and fintechs for their contributions to advancing digital transactions. City Union Bank was awarded second position among private sector banks for its overall digital payments performance during FY 2024–25.
City Union Bank Ltd., the oldest Private Sector Bank in India, was founded in 1904 and is headquartered at Kumbakonam, Tamil Nadu, India. The Bank has completed 120 years of Service to the nation. The Bank has ~ 880 branches and ~1767 ATMs spread across the country. The Bank has been earning net profit and paying dividend to shareholders every year. The Bank has total business of Rs 116,592 Cr as on 31.03.2025. The net profit of the bank for the financial year 2024-25 is Rs 1,124 Cr.