Union Bank of India - Company Profile

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Union Bank of India: Overview

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Union Bank of India (UBI) is a provider of retail and commercial banking solutions. It offers a range of deposits and accounts such as savings, salary, current, trading, fixed and demat accounts; lending solutions for personal, education, vehicle, property, working capital, debt restructuring, structured finance, private equity, trade finance, mergers & acquisitions, forex, derivatives, channel, and trade finance; card products; and insurance and investment products. The bank also offers cash management services, issue management, treasury products, tax collection, pension payments, NRI services, and digital banking solutions. UBI operates primarily in India and also has operations in Hong Kong, the UAE, the UK, and Australia. UBI is headquartered in Mumbai, Maharashtra, India.

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Headquarters India
Address Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai, Maharashtra, 400021
Website www.unionbankofindia.co.in
Telephone 91 22 22896636
No of Employees 75,594
Industry Financial Services
Ticker Symbol & Exchange UNIONBANK (NSE)
Revenue (2022) $12.4B 18.7% (2022 vs 2021)
EPS XYZ
Net Income (2022) XYZ 61.7% (2022 vs 2021)
Market Cap* $13.7B
Net Profit Margin (2022) XYZ 36.2% (2022 vs 2021)
* As of and is in US$
View Union Bank of India financials
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Union Bank of India premium industry data and analytics

5

IT Services Contracts

Improve competitive bidding with insights into all publicly disclosed IT services contracts for Union Bank of India (including IT outsourcing, business process outsourcing, systems integration & consulting and more).

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Union Bank of India’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services
Deposits and Accounts: National Electronic Fund Transfer
Savings Real Time Gross Settlement
Salary Cash Management
XYZ XYZ
XYZ XYZ
XYZ XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2024 Contracts/Agreements In March, the bank renewed its partnership with Tata Power Solar Systems Limited to provide financial solutions for Residential customers, under the Government's PM Surya Ghar Muft Bijli Yojana, as well as for Commercial and Industrial customers.
2024 New Products/Services In March, the bank introduced the Divaa credit card to women.
2024 Contracts/Agreements In March, the company entered into a partnership with Maruti Suzuki India for inventory funding.
Dive into past operations, including product releases, deals, acquisitions & more Dive into past operations, including product releases, deals, acquisitions & more Find out more
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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 75,594 84,978 73,481 45,613 30,770
Entity Type Public Public Public Public Public
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Chart Financial activity with access to more key stats Chart Financial activity with access to more key stats Find out more
Executives
Name Position Board Since Age
Nirvana Chaudhary Chairman Executive Board 2023 -
A Manimekhalai Chief Executive Officer; Managing Director Executive Board 2022 57
Avinash Vasant Prabhu Chief Financial Officer Senior Management 2023 -
Anil Kuril Chief Technology Officer; General Manager Senior Management 2022 -
Ashwini Kumar Ramkrishna Choudhary Chief Risk Officer Senior Management 2023 -
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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