Union Bank of India
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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. 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 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.
