Union Bank of India - Company Profile
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Union Bank of India Limited (UBI) is a public sector bank involved in providing a wide range of financial services. The bank's main activities include offering banking products such as savings accounts, current accounts, term deposits, and various loan products. It also provides digital banking services, wealth management, and financial inclusion initiatives. Its products and services cater to individual customers, businesses, and industries, including MSMEs and agriculture. The bank operates through an extensive network of branches, ATMs, and business correspondent points. It has a presence in international markets with branches in Dubai and Sydney, and a subsidiary in London. UBI is headquartered in Mumbai, Maharashtra, India.
Union Bank of India premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Deposits and Accounts: | National Electronic Fund Transfer |
| Savings | Real Time Gross Settlement |
| Current | Cash Management |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In July, the bank entered into a partnership with the Odisha State Beverages Corporation to launch a customized e-Collection solution. |
| 2026 | Contracts/Agreements | In July, the bank entered into a memorandum of understanding with Vijaya Dairy to improve the state’s dairy farming community by providing them with customized financial tools and modern banking resources. |
| 2026 | Contracts/Agreements | In February, the bank entered into a memorandum of understanding with the Secretariat Administration Department, Government of Uttar Pradesh, in Lucknow for the board of the salary accounts of its employees. |
Competitor Comparison
| Key Parameters | Union Bank of India | Canara Bank | Kotak Mahindra Bank Ltd | Bank of India | Central Bank of India |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Mumbai | Bangalore | Mumbai | Mumbai | Mumbai |
| State/Province | Maharashtra | Karnataka | Maharashtra | Maharashtra | Maharashtra |
| No. of Employees | 73,885 | 81,827 | 60,357 | 51,010 | 33,997 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Asheesh Pandey | Chief Executive Officer; Director; Managing Director | Executive Board | 2025 | - |
| Avinash Vasant Prabhu | Chief Financial Officer | Senior Management | 2023 | - |
| Ashwini Kumar Ramkrishna Choudhary | Chief Risk Officer | Senior Management | 2023 | - |
| Prafulla Kumar Samal | Chief General Manager-Compliance Department | Senior Management | 2024 | - |
| Anil Kuril | Chief General Manager-CISO | Senior Management | 2025 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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