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 89.07% in the Bank’s total share capital. The Bank, having its headquarters at Mumbai (India), was registered on November 11, 1919 as a limited company. Today, it has a network of 9,500+ domestic branches, 13,300+ ATMs, 11,700+ BC Points, serving over 120 million customers with 75,000+ employees. The Bank also has 3 branches overseas at Hong Kong, Dubai International Financial Centre (UAE) and Sydney (Australia); 1 representative office in Abu Dhabi (UAE); 1 banking subsidiary at London (UK), 1 banking joint venture in Malaysia; 3 para-banking subsidiaries and 3 joint ventures (including 2 in life insurance business). Union Bank of India is the first large public sector bank in the country to have implemented 100% core banking solution. Recently, Andhra Bank and Corporation Bank were amalgamated into Union Bank of India with effect from 01.04.2020. With this, the Bank’s total business, as of 1st April 2020, stood at Rs.15,34,749 crore, comprising Rs. 8,68,632 crore of deposits and Rs. 6,66,117 crore of advances. The Bank has received several awards and recognition for its prowess in technology, digital banking, financial inclusion, MSME and development of human resources. The Bank has achieved the milestone of successful IT migration of erstwhile Corporation Bank and erstwhile Andhra Bank recently.