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 stake in Bank’s total share capital. The Bank, having its headquarters at Mumbai (India), was registered on November 11, 1919 as a limited company. It has a vast network of domestic branches, ATMs, BC Points, serving many customers. The Bank also has branches in overseas countries. Union Bank of India is the first large public sector bank in the country to have implemented 100% core banking solution. Andhra Bank and Corporation Bank were amalgamated into Union Bank of India with effect from April 01, 2020. The Bank has received several awards and recognition for its prowess in technology, digital banking, financial inclusion, MSME and development of human resources.

Business area of the Bank

Union Bank of India is a banking and financial services statutory body engaged in providing a wide range of products and services to individuals, commercial enterprises, large corporates, public bodies, and institutional customers. The bank is engaged in Banking Services, Government Business, Merchant Banking, Agency Business -Insurance, Mutual Funds, Wealth Management etc.

Products & services

Personal:

• Saving Account
• Current account
• Term Deposit
• Salary Account
• Locker Service
• Positive Pay System
• Retail Loan
• MSME Loan
• Agri Business
• Gold Loan
• Debit Cards
• Credit Cards
• Gift Cards
• App Banking
• Internet Banking
• Door step Banking
• Account Aggregators
• ATM Banking
• Self Service Banking
• Wealth Management
• Government Schemes
• Financial Inclusion

Corporate:

• Channel Finance
• Project Financing
• Line of Credit
• Working Capital
• Trade Finance
• Cash Management Service
• Forex
• ECGC Covers
• Other Services

International:

• International Schemes
• Treasury
• NRI Services
• Overseas Centres

Awards

2012-13

• IT Excellance Award for 'Best IT Team'Special Award for 'Technology for FI'
• Special Award for 'Managing  IT Risk'Best Payment InitiativesBest Technology Bank of the yearBest Risk Management & SecurityBest use of Mobility TechnologyBest Internet BankBest Use of Technology in Training and Learning Initiative
• The bank was awarded the prestigious “Asian Banker IT implementation award 2007” by the Asian Banker, a Singapore based research and intelligence organization at Asian Banker Summit
• In survey conducted by Business Today-KPMG, Union Bank of India was ranked 8th in the list

2014

• Union Bank of India bags the Express Uptime Champion Award 2014 for its Network Operations.
• Union bank has won 3 IBA banking technology awards.

2015

• Union Bank of India launches Digital initiatives for its customers.
• Union Bank Has Won 6 Iba Banking Technology Awards 2015-16.
• Union Bank of India signs MOU with Star Union Dai-ichi Life Insurance Company.
• Union Bank of India launches Tabulous Banking.

2016

• Union Bank of India has been awarded the Best Bank Award for Use of Technology for Financial Inclusion among Large Banks by Institute for Development & Research in Banking Technology (IDRBT).
• 'Acquisition of 49% shareholding of Union KBC Asset Management Company Private Ltd and Union KBC Trustee Company Private Ltd by Union Bank of India'.

2017-18

• Best Emerging Bank Award for the Year 2016-17.
• Best HR practices and excelling in HR management for the year 2017 (4th time in a row).
• Excellent initiatives taken in financial inclusion programs.
• Excellent initiatives taken in payment processing.
• Customer Services award by Infosys.

2018-19

• Enhanced Access and Service Excellence (EASE) Award under PSB Reforms Agenda.
• Corporate Leadership & Institutional Excellence- National Training Award.
• Organization with Innovative HR practices.
• Best Leadership Development program in Public sector for Top Management.
• Excellence in Training & Development Award.
• Best use of Technology for Training.
• Innovative Training Practices in Public Sector Enterprises.
• Best Financial Inclusion Initiatives amongst Large Banks.
• Best Technology Bank amongst Large Banks.
• Best initiatives taken in IT Risk Management and Cyber Security amongst Large Bank.
• Leading Financial Inclusion Initiatives Best Performing Bank - APY Formation day.
• Best Performing Bank- Quest for Crown.
• ‘Best SME offering’ - Innovative Financial Solution for MSMEs.
• Outstanding performance in conduct of Vigilance Awareness activities

2019-20

• CEO with HR Orientation by World HRD Congress.
• Sustainable HR Leadership by World HRD Congress.
• Best Training Methods for Knowledge Management.
• Excellence in Training & Development by ET Now.
• Creating Workplace of Tomorrow, IAC 2020 Corporate Awards by Peoples Lab.
• SKOCH award for Banking Cyber Security, Awareness Solution, Data Security, Vulnerability Management.
• CSO 100 AWARDS by IDG Security.
• Innovation in cyber security for Cyber Defence Centre by Finnovity Award 2020.
• Best Security Practices in organization - December 2019.
• IT Risk Management & Cyber Security Initiative. - February 20, 2020.
• Application Programming Interface Management (APIM) technology.
• Leadership in MSME Best MSME Bank (Public Sector Bank).

• Golden Peacock HR Excellence Award – 2020.
• Apex India HR Oriented CEO Award 2020.
• Golden Peacock National Training Award 2020.

• Bank secured 3rd position under the ThemeTech Enabled Ease of Banking for the December 21 Quarter in EASE 4.0.
• Union Bank of India was awarded Runner Up in Infosys Finacle Innovation Award 2021 under the Process Innovation Category for the Bank’s innovation strategy, which is centred around customers to provide a superior experience at all stages of the customer journey in every sphere of Banking through exceptional touchpoint experience and agile services.
• Union Bank of India was awarded IDC industry Innovation Awards 2021 under Innovation in Operations as Bank is architecting the future by driving business growth and creating competitive advantages through emerging technologies and continuous innovations.

• Received award under “IT Risk Management” category from 18th Banking Technology Awards by IBA. Bank has received this award 4 times continuously from 2019-2022.
• Received Best Technology Bank and Best Technology Talent awards in the 18th Banking Technology Awards by IBA.
• 1st rank in EASE 5.0 Reforms Index for Q3:FY 2022- 2023 (Digitally enabled customer offerings, BIG Data and Analytics).
• Best Fintech Collaboration- Special Prize awarded by IBA Banking Technology Conference, Expo & Awards.

• BW People - Disability Positive Award: Best Organisation for PWD Inclusion.
• Banking Frontiers Finnoviti Awards: Personalised Interactive Video.
• Dataquest Digital Leadership Conclave & Awards: Digital Leadership – CTO.
• ELETS BFSI Gamechanger 2023: Metaverse Virtual Lounge.
• IBEX India BFSI Tech Award 2024: Excellence in Banking Innovation Using Emerging Tech.

• HDM Awards for Best Workforce Planning 2024 - Indian Conventions (March 2025).
• Qorus-Finacle Banking Innovation Award 2024 - Bronze Award in Social, Sustainable & Responsible Banking (Portugal).
• Global Fintech Festival Award 2024 - Excellence in Cyber Security Category.
• The Open Group India Awards 2024 - Innovation & Excellence in Open Standards.
• Finnovitti Awards 2024 - Banking Frontiers recognition for innovative products.

• 1939: The bank opened its first safe deposit vault on April 22, 1939.
• 1947: At the time of India's independence in 1947, Union Bank of India operated just four branches.
• 1964: The bank reached a milestone by opening its 100th branch in Irinjalakuda, Kerala. Additionally, it acquired three private sector banks: Perunbavoor Bank Ltd, Catholic Union Bank Ltd, and Nadar Mercantile Bank Ltd.
• 1969: Following nationalization, Mr. F.K.F. Nariman became the first custodian of the bank.
• 1974: The bank was entrusted with leading districts, with four in Uttar Pradesh and two in Kerala and Madhya Pradesh, to aid rural development.
• 1975: Union Bank of India expanded by acquiring Belgaum Bank Limited, a private-sector bank with 40 branches.
• 1978: The bank was the first nationalized bank to publish its annual report in Hindi.
• 1982: The Union Bank of India received the Government's National Award for outstanding export performance during 1979-80 from the President of India.
• 1993-1996: Post-economic reforms, the bank experienced exponential growth, doubling its business from 1993 to 1996.
• 1999: With eight branches, Sikkim Bank Ltd merged with Union Bank of India.
• 2002: The bank's public issue of 18 crore shares was oversubscribed by 5.22 times, and its shares were listed on BSE and NSE.
• 2003: Union Bank of India was among the first public sector banks to introduce Anytime and Anywhere Banking and Telebanking.
• 2004: The bank earned a place among the Forbes 2000 list of the world's most prominent and influential companies as one of the seven new entrants.
• 2007: The bank achieved a significant milestone by opening 56 new branches nationwide daily. It also introduced India's highest-altitude ATM at 14,300 ft in Serethang, Nathula, Sikkim.
• 2008: Union Bank of India became the first large nationalized bank to achieve 100% Core Banking Solution (CBS) networking. The bank unveiled a new logo and launched a rebranding initiative. It also introduced U-Mobile, becoming the first public sector bank to offer mobile banking services.
• 2009: Bank-sponsored Rewa Siddhi Gramin Bank became the country's first Regional Rural Bank (RRB) to achieve 100% CBS connectivity.
• 2012: The bank inaugurated its first Talking ATM, designed to benefit the visually challenged.
• 2013: Union Bank of India marked a significant milestone by opening 111 branches on its foundation day.
• 2014: The bank continued its expansion by opening 96 branches on its foundation day, November 11, 2014.
• 2015: Union Bank of India extended its global footprint by launching its UK subsidiary in London.
• 2019- 2020: In August 2019, the Government of India selected Union Bank of India as the Anchor Bank for the amalgamation of Andhra Bank and Corporation Bank into Union Bank of India. This historic amalgamation became effective on April 1, 2020.
• 2020: Union Bank of India sets up emergency funding line for corporates, MSMEs.
• 2021: Union Bank of India completes IT integration of all Andhra Bank branches with itself.
• 2021: Union Bank of India bags pension disbursement mandate.
• 2022: Union Bank of India launches digital solution product ‘Trade nxt’.
• 2022: Union Bank of India launches digital accessibility initiative ‘Union Access’.
• 2022: Union Bank of India launches 705 new Union Gold Loan Points.
• 2022: Union Bank of India disburses over Rs 1000 crore loans to women entrepreneurs.
• 2023: Union Bank of India partners with Garuda Aerospace.
• 2023: Union Bank of India introduces MSSC 2023 Scheme across branches
• 2024: Union Bank of India raises $500 million from foreign markets.
• 2025: Union Bank opens new zonal office in Coimbatore.