Union Bank of India is one of the largest government-owned banks of India (the government owns 63.44% of its share capital).

Yes almost in each branch Union Bank Of India grant Cheque Drop Box facility for ]Transaction through alternate channel and cheque, this facility of Cheque Drop Box for customers to deposit the instruments that are to be presented in local clearing. This is an additional facility only. The customers are at liberty to tender instruments across the counter to an authorized official of the Bank against acknowledgement.

Bank profile

Type Public company (BSE: 532477)

Industry Financial services

Founded 11 November 1919

Headquarters Mumbai, India

Key people Arun Tiwari

(Chairman & MD)

Revenue 211.44 billion (US$3.1 billion) (2012)

Net income 17.87 billion (US$270 million) (2012)

Owner Government of India

Number of employees 36377(2015)