A thread 🧵about a bank whose 2nd name is "Consistency" and it's name is - CITY UNION BANK
Grab a cup of water and relax because it's gonna be a verryyyy long thread.
And don't forget to Re-tweet for wider reach.
HISTORY - City Union Bank is the oldest private sector bank in India, started in 1904 as Kumbakonam Bank in the Tamil Nadu as 'The Kumbakonam Bank Limited'.
It's amongst the very few banks that have survived for over 100 years and has remained profitable.
But before we get into the details about the bank, I wanna establish a base that how a bank works and what ratios one should look for.
So banking is a realllly simple business but at the same time it's not.
So the typical function of a bank is, they provide a place for people to keep their money and give that money to someone else. (It's simple right? You take money from one person and give that money to other person)
So how do they make money?
So why would a person deposit it's money in a bank?
Because 1st of all, you can't keep that much amount lying at your house and 2nd of all you get some interest on the money that you've deposited with them.
