Date:05/01/2007 URL: http://www.thehindu.com/2007/01/05/stories/2007010500871703.htm

Business - Briefly

CUB offers CBS in all its branches

CHENNAI: City Union Bank has announced that core banking solution (CBS) was now available at all the 155 branches of the bank. Core banking solutions, developed by TCS for CUB, enables CUB consumers to transact their business anywhere. The bank has launched two new deposit schemes — CUB 400 plus and CUB 600 plus. Customers can get 8.50 per cent on deposits under CUB 400 plus (400 days to 599 days) and 9.25 per cent under CUB 600 plus (600 days to 6 years). Senior citizens will get 9 per cent and 9.25 per cent, respectively, under these two schemes, says a bank release.