2023 2024 EduVark > Education Discussion > General Discussion


  #2  
June 8th, 2016, 09:18 AM
Super Moderator
 
Join Date: Mar 2013
Re: Nationalisation Of Union Bank Of India

As you want to know about the Nationalization of Union Bank of India

Union Bank of India (Union Bank) was registered on 11 November 1919 as a limited company in Mumbai and was instated by Mahatma Gandhi.

At the time of India's Independence in 1947, Union Bank only had four branches - three in Mumbai and one in Saurashtra, all concerted in key trade centres.

After Independence Union Bank accelerated its enlargement and by the time the government nationalized it in 1969, it had grown to 240 branches in 28 states.

Shortly after Nationalisation, Union Bank merged in Belgaum Bank, a private sector bank founded in 1930 that had itself merged in a bank in 1964, the Shri Jadeya Shankarling Bank (Bijapur; incorporated on 10 May 1948).

Then in 1985 Union Bank merged in Miraj State Bank, which had been founded in 1929, and which had 26 branches.

In 1999 the Reserve Bank of India requested that Union Bank acquire Sikkim Bank in a rescue after extensive irregularities had been discovered at the non-scheduled bank.

Sikkim Bank had eight branches situated in the North-east, which was attractive to Union Bank.

The Corporate Vision

To become the bank of first choice in our selected areas by building beneficial and lasting relationships with customers through a process of continuous improvement

The Corporate Missio

To be a customer centric organization known for its differentiated customer service.
To offer a comprehensive choice of products to meet all financial needs of customers.
To be a top creator of shareholder wealth through focus on profitable growth.
To be a young organization leveraging on technology & an experienced workforce.
To be the most trusted brand, admired by all stakeholders.
To be a leader in the area of Financial Inclusion.


Quick Reply
Your Username: Click here to log in

Message:
Options



All times are GMT +5. The time now is 03:46 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Content Relevant URLs by vBSEO 3.6.0

1 2 3 4 5 6 7 8