UNION BANK OF INDIA

Union Bank of India is one of the leading public sector banks of the country. The Bank is a listed entity, and the Government of India holds 76.99 percent in Bank’s total share capital. The Bank, having its headquarters at Mumbai (India), was regis ving its headquarters at Mumbai (India), was registered on November 11, 1919 as a limited company. On 1st April 2020, Andhra Bank and Corporation Bank were amalgamated into Union Bank of India. Today, it has a network of 8500+ domestic branches, 10,000+ ATMs, 76,700+ employees and 18,000+ BC Points .The Bank’s total business as of 30th September 2023 stood at Rs. 1,984,842 crore, comprising Rs. 11,37,628 crore of deposits and Rs. 8,47,214 crore of advances. The Bank also has 2 branches overseas at Dubai International Financial Centre (UAE) & Sydney (Australia); 1 banking subsidiary at London (UK); 1 banking joint venture in Malaysia; 4 para-banking subsidiaries (domestic); 2 joint ventures and 1 associate - Chaitanya Godavari Gramin Bank. Union Bank of India is the first large public sector bank in the country to have implemented 100% core banking solution. The Bank has received several awards and recognition for its prowess in technology, digital banking, financial inclusion, MSME and development of human resources. The registered as well as corporate headquarters of Union Bank of India is in the prestigious Nariman Point area of Mumbai, the commercial capital of India. Union Bank of India’s Board members include eminent individuals with a wealth of experience in areas like, economy, rural and agriculture sector, banking and financial services, commerce & accountancy, strategy, Business development, analytics, risk management, central banking, merger & acquisition The Bank has authorized share capital of Rs.10,000 crore. As on 31st October 2023, the Bank has issued, subscribed and paid-up equity capital of Rs. 7412.45 Crores, constituting 741,24,48,217 equity shares of Rs.10/- each. The Bank’s shares are listed on the National Stock Exchange of India Limited and the BSE Limited. Union Bank of India was established on 11th November 1919 with its headquarters in Mumbai. It was promoted by Seth Sitaram Poddar. The Head Office building of the Bank in Mumbai was inaugurated by Mahatma Gandhi, the Father of the nation in the year 1921, and he said on the occasion: "We should have the ability to carry on a big bank, to manage efficiently crores of rupees in the course of our national activities. Though we have not many banks amongst us, it does not follow that we are not capable of efficiently managing crores and tens of crores of rupees." His prescient words anticipated the growth of the bank that has taken place in the decades that followed. The logo features two interlocking U’s in red and blue, stands for the consumer and the bank. The two U’s stand for union and the integrity, security and strength, which Union Bank of India stands for. The colour blue represents commitment, while red is symbolic of the passion that exists at Union Bank of India In August 2019 Union Bank of India has been selected by Government of India as Anchor Bank for the amalgamation of Andhra Bank, Corporation Bank into Union Bank of India. The amalgamation took place on 1st April 2020. Our proven history of reliability stems from excellence in customer service and trust built over combined legacy of 300+ years. The amalgamation will help us to offer best-in-class products through wider network of branches spanning each and every state of India. On the technology front the Bank has taken various pioneering initiatives and has the distinction of 1st Public sector Bank to complete 100% computerization of its branches. We have a dedicated team of fully equipped professionals to manage more than 100 in-house applications. Many innovative products are developed using the technology platform to offer an array of choices to customers, adding speed and convenience to transactions. Technology has also enabled the Bank to derive substantial cost reduction while creating the requisite capacity to handle the ever increasing volume of business. ...view more