Union Bank of India is one of the largest government-owned banks of India (the government owns 63.44% of its share capital). It is listed on the Forbes 2000, and has assets of USD 13.45 billion.
As you asking I am telling Kendriya Vidyalaya Sangathan (KVS) and Union Bank of India ties up for centralised salary disbursement of KVS employees across the country.Under the agreement, a comprehensive solution for disbursement of salary to all the 56,000 KVS employees will be offered by the bank through a customised web portal.

Bank profile
Type Public company
Traded as BSE: 532477
NSE: UNIONBANK
Industry Banking, Financial services
Founded 11 November 1919; 98 years ago
Headquarters Mumbai
Key people Shri Rajkiran Rai G.
(Managing Director & CEO)
Products Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, wealth management
Revenue Increase 32,198.80 crore (US$5.0 billion)(2016)
Operating income
Decrease 5,722 crore (US$890 million) (2016)
Net income
Decrease 1,351.60 crore (US$210 million) (2016)
Total assets Increase 404,695.90 crore (US$63 billion) (2016)
Owner Government of India
Number of employees
35,514 (2016)
Capital ratio 10.56% (2016)