Union Bank of India

Not to be confused with The Union Bank (1828).

Union Bank of India
FormerlyThe Union Bank of India Ltd. (1919–1969)
Company typePublic
ISININE692A01016
Industry
Founded11 November 1919; 105 years ago (1919-11-11)
FounderSeth Sitaram Poddar[1]
HeadquartersUnion Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point,
Mumbai, Maharashtra
,
India[2]
Number of locations
8,473branches
9,342ATMs[3] (June 2024)
Key people
  • Srinivasan Varadarajan
    (Non-Exe Chairman)
  • A. Manimekhalai
    (Managing Director & CEO)[4]
ServicesConsumer banking, corporate banking, financial services, investment banking, mortgage loans, private banking, wealth management
RevenueIncrease ₹97,078.50 crore (US$12 billion)[3] (FY23)
Increase ₹25,250.20 crore (US$3.0 billion)[3] (FY23)
Increase ₹8,511.70 crore (US$1.0 billion)[3] (FY23)
Total assetsIncrease ₹1,288,357.10 crore (US$150 billion)[3] (FY23)
Total equityIncrease ₹78,803.50 crore (US$9.4 billion)[5] (FY23)
OwnerGovernment of India (83.49) %
Number of employees
75,866[3] (FY24)
Capital ratio17.02% (June 2024)[6]
Websitewww.unionbankonline.co.in Edit this at Wikidata

Union Bank of India, commonly referred to as Union Bank , is an Indian public sector bank headquartered in Mumbai. It has 153+ million customers and a total business of Rs.21,36,405 crores as of June 30 2024 .[7] After the merging with Corporation Bank and Andhra Bank, which came into effect on 1 April 2020, the merged entity became one of the largest PSU banks in terms of branch network with around 8700+ branches. Four of these are located overseas in Hong Kong, Dubai, Antwerp, and Sydney. UBI also has representative offices at Shanghai, Beijing and Abu Dhabi. UBI operates in the United Kingdom through its wholly owned subsidiary, Union Bank of India (UK). The bank has a network of 8500+ domestic branches, 10000+ ATMs, and 18000+ Business Correspondent Points serving over 153 million customers with 76,700+ employees.[8]

  1. ^ Cite error: The named reference AboutUs was invoked but never defined (see the help page).
  2. ^ "Central Office". Union Bank of India. Retrieved 21 October 2021.
  3. ^ a b c d e f "Annual Report 2022-23" (PDF). Union Bank of India. Retrieved 2 May 2023.
  4. ^ "List of Directors". Union Bank of India. Retrieved 21 October 2021.
  5. ^ "Union Bank of India Ltd. Financial Statements". moneycontrol.com.
  6. ^ "Annual Report 2020-21" (PDF). Union Bank of India. Retrieved 21 October 2021.
  7. ^ "Financial Results for the Quarter ended September 30, 2023 – Union Bank" (PDF). Union Bank of India. Mumbai. 27 October 2023. Retrieved 20 January 2024.
  8. ^ "Profile | Union Bank of India". unionbankofindia.co.in. Retrieved 22 October 2021.