Union Bank of India
About Company
Union Bank of India is one of the leading public-sector banks in the country. The Bank is a listed entity, and the Government of India holds 76.99 percent of the Bank’s total paid-up capital. The Bank, having its headquarters in 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 8450+ domestic branches, 9800+ ATMs, 76,300+ employees, and 18,900+ BC Points. The Bank’s total business as of 31st December 2023 stood at Rs. 2,068,429 crore, comprising Rs. 1,172,455 crore of deposits and Rs. 8,95,974 crore of advances.
The Bank also has 2 branches overseas at Dubai International Financial Centre (UAE) & Sydney (Australia); 1 banking subsidiary in 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 a 100% core banking solution. The Bank has received several awards and recognition for its prowess in technology, digital banking, financial inclusion, MSME, and the development of human resources.
