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About 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 74.76 percent in Bank's total paid-up capital. The Bank, having 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. Our Bank has a network of 8,500+ domestic branches, 9,000+ ATMs, 74,000+ employees and 22,000+ Business Correspondents. The Bank has expanded its presence across all States and Union Territories. The Bank's total business as of 30th September 2024 stood at 21,70,779 crore, comprising crore of deposits and 9,28,832 crore of advances. The Bank also has 2 overseas branches 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 and corporate headquarters of Union Bank of India is in the prestigious Nariman Point area of Mumbai, the commercial capital of India.
Board of Directors
Union Bank of India's Board of Directors comprises distinguished individuals with extensive expertise spanning various domains, including the economy, rural and agricultural sectors, banking and financial services, commerce and accountancy, strategy, business development, analytics, risk management, central banking, and merger & acquisition.
Locate Us
For the details of all senior executives at our Corporate Office, please visit the following link:
Capital Structure
The Bank has authorized share capital of ₹10,000 crore. As on 30th September 2024, the Bank has issued, subscribed and paid-up equity capital of Rs.7,633.61 Crore, constituting 7,63,36,05,607 equity shares of face value Rs.10/- each. The Bank's shares are listed on the National Stock Exchange of India Limited and the BSE Limited.
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Union Bank of India, established on November 11, 1919, with its headquarters in Mumbai, owes its inception to the visionary leadership of Seth Sitaram Poddar. The Bank's Head Office in Mumbai was inaugurated by Mahatma Gandhi, the Father of the Nation, in 1921. On this occasion, he emphasized the need for an institution capable of efficiently managing vast sums of money in the pursuit of our national endeavors. His words have proven prophetic, given the bank's remarkable growth over the decades.
Union Bank of India – Oldest Logo
Union Bank of India – Old Logo
Union Bank of India – Old Logo
Union Bank of India – Old Logo
Union Bank of India – Logo
The Union Bank of India's logo showcases two interlocking U's in red and blue, symbolizing the collaboration between the consumer and the bank. These U's signify "union" and embody the principles of integrity, security, and strength, which the Union Bank of India steadfastly upholds. Blue represents commitment, while red signifies the passion and dedication that defines Union Bank of India.
Tagline
Good people to bank with
अच्छे लोग अच्छा बैंक
Did You Know?
- The bank opened its first safe deposit vault on April 22, 1939.
- At the time of India's independence in 1947, Union Bank of India operated just four branches.
- 1964, the bank reached a milestone by opening its 100th branch in Irinjalakuda, Kerala. Additionally, it acquired three private sector banks: Perunbavoor Bank Ltd, Catholic Union Bank Ltd, and Nadar Mercantile Bank Ltd.
- In 1969, following nationalization, Mr. F.K.F. Nariman became the first custodian of the bank.
- In 1974, the bank was entrusted with leading districts, with four in Uttar Pradesh and two in Kerala and Madhya Pradesh, to aid rural development.
- In 1975, Union Bank of India expanded by acquiring Belgaum Bank Limited, a private-sector bank with 40 branches.
- In 1978, the bank was the first nationalized bank to publish its annual report in Hindi.
- In 1982, the Union Bank of India received the Government's National Award for outstanding export performance during 1979-80 from the President of India.
- Post-economic reforms, the bank experienced exponential growth, doubling its business from 1993 to 1996.
- In 1999, with eight branches, Sikkim Bank Ltd merged with Union Bank of India.
- In 2002, the bank's public issue of 18 crore shares was oversubscribed by 5.22 times, and its shares were listed on BSE and NSE.
- In 2003, Union Bank of India was among the first public sector banks to introduce Anytime and Anywhere Banking and Telebanking.
- In 2004, the bank earned a place among the Forbes 2000 list of the world's most prominent and influential companies as one of the seven new entrants.
- 2007 the bank achieved a significant milestone by opening 56 new branches nationwide daily. It also introduced India's highest-altitude ATM at 14,300 ft in Serethang, Nathula, Sikkim.
- In 2008, Union Bank of India became the first large nationalized bank to achieve 100% Core Banking Solution (CBS) networking. The bank unveiled a new logo and launched a rebranding initiative. It also introduced U-Mobile, becoming the first public sector bank to offer mobile banking services.
- In 2009, Bank-sponsored Rewa Siddhi Gramin Bank became the country's first Regional Rural Bank (RRB) to achieve 100% CBS connectivity.
- 2012, the bank inaugurated its first Talking ATM, designed to benefit the visually challenged.
- In 2013, Union Bank of India marked a significant milestone by opening 111 branches on its foundation day, 11.11.2013.
- 2014, the bank continued its expansion by opening 96 branches on its foundation day, November 11, 2014.
- In 2015, Union Bank of India extended its global footprint by launching its UK subsidiary in London.
Amalgamation
In August 2019, the Government of India selected Union Bank of India as the Anchor Bank for the amalgamation of Andhra Bank and Corporation Bank into Union Bank of India. This historic amalgamation became effective on April 1, 2020. Union Bank of India's remarkable legacy, spanning over 300 years, underscores its unwavering commitment to customer service and trust. This amalgamation positions us to offer best-in-class products through an extensive network of branches spanning every state in India.
Technology at the Core of Operations
Union Bank of India has been at the forefront of technological innovation. It proudly holds the distinction of being the first public sector bank to achieve 100% computerization of its branches. With a dedicated team of professionals managing over 100 in-house applications, the bank continually develops innovative products on its technology platform to enhance customer options, streamline transactions, and reduce operational costs. Technology has not only enabled the bank to become more efficient but has also provided the necessary capacity to handle the ever-increasing volume of business.
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Energetic and Committed Workforce
Union Bank of India's remarkable achievements are underpinned by a dedicated and dynamic workforce. Our team is truly cosmopolitan in composition, reflecting a rich tapestry of talent from different generations who have collectively contributed to building the strong foundation of our institution. Today, our team comprises over 75,000 dedicated members who stand out for their unwavering customer-centric approach, commitment to continuous learning, and adherence to core values. These qualities make us synonymous with a caring organization where employees find fulfillment in their work and nurturing relationships with our valued customers.
Investor Relations
Please visit our dedicated Investor Relations page for comprehensive and up-to-date information on Union Bank of India's financial performance and strategic business initiatives.
Recruitment
Explore exciting career opportunities with one of India's top five public sector banks. We provide all the information on job openings and recruitment processes on our Recruitment page.
Corporate Social Responsibility
Union Bank of India is deeply committed to social and economic development on a national scale. We collaborate closely with the Union Bank Social Foundation Trust, engaging in various social welfare initiatives across diverse sectors.
Union Bank of India's CSR Policy
Union Bank Social Foundation Trust Activities
ESG Practices
For the latest updates on the Union Bank of India's Environmental, Social, and Governance (ESG) initiatives, please download the following document: