Union Bank of India is recognized as a leader in the banking sector, offering a wide range of products and services to fulfill the financial needs of its diverse clientele.

Split into four main segments—Treasury Operations, Retail Banking, Corporate and Wholesale Banking, and Other Banking Operations—UBI delivers comprehensive financial solutions to individuals and businesses. From traditional banking services like savings accounts, term deposits, and demat accounts to innovative offerings such as online trading accounts and mutual funds, UBI meets customer demands with accuracy and efficiency.

The bank provides various retail loans, including home, vehicle, education, and personal loans, alongside specialized products for MSMEs. UBI's robust insurance portfolio includes life, non-life, health, and general insurance products. Additional services like safe deposit lockers, tax collection, and pension products highlight its commitment to comprehensive financial planning.

UBI's vast network includes domestic and international presence with branches in Hong Kong, Dubai, and Sydney, plus a representative office in Abu Dhabi. With over 11,000 ATMs worldwide, UBI ensures convenient service access globally.

Mission Statement

Union Bank is dedicated to providing exceptional banking services tailored to the unique financial needs of its customers. Through innovation and a focus on superior customer service, UBI aims to set industry benchmarks and cultivate trust-based relationships.

Vision Statement

Union Bank aspires to lead in the financial services sector by offering innovative solutions that meet and exceed customer expectations. Committed to creating sustainable shareholder value, UBI aims to secure its status as a beacon of success in banking.

History and Milestones

Founded in 1919 under Seth Sitaram Poddar, inaugurated by Mahatma Gandhi, Union Bank of India has a storied history. It became part of the public sector in 1969 and merged with Andhra Bank and Corporation Bank in 2020. With strategic leadership and innovation, led by MD, CEO, and Director Ms. Arumugam Manimekhalai, UBI continues to achieve excellence.

UBI, as the fifth-largest public sector bank in India, operates from its headquarters in Mumbai. With a network of 9,609 branches and significant international operations, UBI's global ambitions reflect in key markets like Abu Dhabi, Shanghai, and Hong Kong.

Recently, UBI merged with Andhra Bank and Corporation Bank, strengthening its position as India's fifth-largest bank with assets of ₹14.59 lakh crore (US$200 billion). UBI's focus on technological advancement, adherent to Core Banking Solution, ensures efficient services.

Recognition and Awards

Union Bank has received numerous accolades, including the S&P Global Market Intelligence award for customer loyalty, Safety and Soundness Award from BauerFinancial, and Greenwich Quality Leader Award, marking its relentless pursuit of excellence.

Conclusion

Union Bank of India is a testament to innovation and customer dedication. With a mission to deliver world-class services and a vision for sustainable growth, UBI, led by notable leadership, remains a strong financial institution.

Supported by a team of experts, Union Bank continues to navigate the dynamic banking landscape, fostering customer trust through its accolades validation.

As it embraces digital transformation, UBI stays committed to providing superior financial solutions and creating lasting value for customers and shareholders.

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