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December 30th, 2016, 04:37 PM
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Join Date: Mar 2012
Re: History and Development of Union Bank of India

Union Bank of India was set up on eleventh November 1919 with its base camp in the city of Bombay now known as Mumbai.

The Head Office working of the Bank in Mumbai was initiated by Mahatma Gandhi, the Father of the country in the year 1921

Union Bank has been assuming an extremely proactive part in the financial development of India and it broadens credit for the prerequisites of various segments of economy. Businesses, sends out, exchanging, horticulture, foundation and the individual fragments are divisions in which the bank has sent credit to goad financial development and to procure from an all around broadened arrangement of advantages.

Assets are prepared through Current, Savings and Term Deposits and through renegotiate and borrowings from abroad. The Bank has an extensive demographic base of more than 5.7 crores.

On the innovation front the Bank has taken early activities and 100% of its branches are electronic. The Bank has additionally presented Core Banking Solution with availability between branches. 100% of the matter of the Bank is under Core Banking Solution making it a pioneer among its associates in mixture of innovation. Numerous creative items are produced utilizing the innovation stage to offer a variety of decisions to clients, adding pace and comfort to exchanges.

Toward the end of March 2015 the Bank accomplished aggregate business level of Rs. 5,79,627 crore (Rupees five lakh seventy Nine thousand six hundred and twenty seven crore).

Behind every one of these accomplishments is a committed group of staff, which is really cosmopolitan in its sythesis. Numerous eras of individuals from staff have contributed in working up the solid structure of the Bank. The present group of more than 36,000 individuals from staff separates itself with its client centricity, readiness to learn and adherence to values empowering us to be perceived as a minding association where individuals make the most of their work and association with clients.


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