Union Bank of India

Mahatma Gandhi Rd, Statue, Palayam, Thiruvananthapuram, Kerala 695001
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Listing Description

Union Bank of India is one of the leading public-sector banks in the country. The Bank is a listed entity, and the Government of India holds 74.76 per cent of the Bank’s total paid-up capital. The Bank, having its headquarters in 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 in 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 a 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.

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