Union Bank of India - Company Profile
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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.
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 |
Salary | 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 |
---|---|---|
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. |
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 |
Key Financial Charts
Sales Growth
Net Income Growth
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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