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March 21st, 2017, 10:49 AM
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Join Date: Mar 2012
Re: History of Union Bank of India PDF

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

The Head Office working of the Bank in Mumbai was introduced by Mahatma Gandhi, the Father of the country in the year 1921, and he said on the event:

"We ought to be able to bear on a major bank, to oversee productively crore of rupees throughout our national exercises. Despite the fact that we have relatively few banks among us, it doesn't take after that we are not prepared to do effectively overseeing crore and many crore of rupees."

Union Bank has been assuming an exceptionally proactive part in the financial development of India and it amplifies credit for the prerequisites of various divisions of economy. Ventures, sends out, exchanging, farming, framework and the individual fragments are areas in which the bank has conveyed credit to goad monetary development and to procure from a very much enhanced arrangement of benefits.

On the innovation front the Bank has taken early activities and 100% of its branches are mechanized. The Bank has additionally presented Core Banking Solution with network between branches. 100% of the matter of the Bank is under Core Banking Solution making it a pioneer among its associates in implantation of innovation.

Toward the finish 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 devoted group of staff, which is really cosmopolitan in its organization. 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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