City Union Bank- A Private Sector Bank

Q.  Which among the following is not a public sector bank?
- Published on 20 Jul 15

a. Allahabad Bank
b. City Union Bank
c. UCO Bank
d. Vijaya Bank

ANSWER: City Union Bank
 
The City Union Bank is a private sector bank. The bank 'The Kumbakonam Bank Limited', as it was called then, was organized as a limited company on the 31st of October, 1904. In the beginning it was a regional bank but steadily built for itself a place in the Delta District of Thanjavur.

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