Union Bank of India is one of the largest government-owned banks of India and was founded in November 1919 as a limited company in Mumbai

About Union Bank Of India BF

Union Bank of India has come out with the pioneering idea of branchless banking by appointing BC-BF (Business Correspondents / Business facilitators) to reach the unreached population and taking banking services at the door step.

The basic objective is to shift people from poverty to prosperity.

BF Model includes:

Identification of borrowers and fitment of activities
Collection and preliminary processing of loan applications
Creating awareness about savings and other products and education and advice on managing money and debt counselling
Promotion and nurturing of Self Help Groups/ Joint Liability Groups
Post-sanction monitoring
Monitoring and handholding of Self Help Groups/ Bank Sakhi’s Joint Liability Groups / Others
Follow-up for recovery
Disbursal of small value credit
Recovery of principal or interest
Collection of small value deposits
Sale of micro credit products, mutual funds, insurance etc
Receive and delivery of small value remittances and other payment instruments

Contact:

Union Bank of India
Union Bank Bhavan, 239, Vidhan Bhavan Marg
Nariman Point, Mumbai - 400 021
Maharashtra, India
Phone number [Board]
022-22892000