Union Bank of India is one of the largest government-owned banks in India. The bank was established in 99 and is headquartered in Mumbai, India. In the beginning, the bank had only four branches – three in Mumbai and one in Saurashtra. But after independence, it was nationalized in 99 and had 0 branches. Union Bank of India operates a network of 00+ branches across the country, branches internationally; and 7, ATMs.
Union Bank of India offers various banking products and services in India. The bank operates through Treasury Operations, Corporate/Wholesale Banking, Retail Banking Operations, and Other Banking Operations segments. The bank provides savings account, salary account, current account; fixed and recurring deposits; and Demat and online trading accounts. The bank also extends retail loans, such as home loan, vehicle loan, education loan and personal loan; loans against property; loans for pensioners, medical practitioners, and salaried individuals; and MSME (micro small medium enterprises) loans comprising credits and schemes. In addition, the bank offers tax and online bill payment services; ATM and remittance services; mobile, internet and SMS banking services; debit, credit, gift, payroll, and prepaid cards; insurance such as life and general insurances; investment services such as mutual funds, and tax savings deposits; and cheque collection and safe deposit lockers services. Moreover, it provides NRI deposit, loan, and investment services; ECGC cover, export and import financing, and treasury services; and product and services for agricultural/SSI/tertiary sectors. And its corporate banking services include trade, working capital, channel, infrastructure, and project financing; loan syndication, debt structuring/ restructuring, merger and acquisition, private equity services; and lines of credit.
Insurances Life Insurance General Insurances
Treasury Operations Corporate/Wholesale Banking Retail Banking Operations Savings account Salary account Current account Fixed and recurring deposits Investment services Tax savings deposits Safe deposit lockers services NRI deposits
Home loan Vehicle loan Education loan Personal loan Loans against property Loans for pensioners Medical practitioners Loan Salaried individuals Loans MSME (micro small medium enterprises) loans Comprising credits and schemes Export and import financing Treasury services Trade Loan Working capital loan Channel financing Infrastructure financing Project financing Loan syndication Debt structuring/restructuring Merger and acquisition Private equity services