Union Bank of India
Union Bank of India, commonly referred to as Union Bank or UBI, is an Indian public sector bank headquartered in Mumbai. It has 153+ million customers and a total business of Rs.19,84,842 Crores 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, 18000+ Business Correspondent Points serving over 153 million customers with 76,700+ employees.
| Formerly | The Union Bank of India Ltd. (1919–1969) |
|---|---|
| Company type | Public |
| ISIN | INE692A01016 |
| Industry | |
| Founded | 11 November 1919 in Mumbai |
| Founder | Seth Sitaram Poddar |
| Headquarters | Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point, , India |
Number of locations | 8,500 branches 12,800 ATMs (March 2021) |
Key people | |
| Services | Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, wealth management |
| Revenue | ₹97,078.50 crore (US$12 billion) (FY23) |
| ₹25,250.20 crore (US$3.2 billion) (FY23) | |
| ₹8,511.70 crore (US$1.1 billion) (FY23) | |
| Total assets | ₹1,288,357.10 crore (US$160 billion) (FY23) |
| Total equity | ₹78,803.50 crore (US$9.9 billion) (FY23) |
| Owner | Government of India (83.49) % |
Number of employees | 75,500 (FY23) |
| Capital ratio | 12.56% (March 2021) |
| Website | www |