UNIONBANK

🏦 Union Bank of India – Overview

🔹 Basic Details Founded: 1919 Headquarters: Mumbai, Maharashtra Ownership: Government of India Chairman & MD: Appointed by Government of India Stock Listings: NSE & BSE Category: Public Sector Bank 🔹 Major Milestones One of the oldest PSU banks in India In 2020, Union Bank merged with Andhra Bank and Corporation Bank, making it one of the largest PSU banks by business size Post-merger, the bank significantly expanded its branch network and customer base 🔹 Business Segments 1️⃣ Retail Banking Savings & current accounts Personal, home, auto, education loans Credit & debit cards Fixed & recurring deposits Pension & government-linked schemes 2️⃣ Corporate & Wholesale Banking Working capital loans Term loans Project finance Trade finance & cash management 3️⃣ MSME & Agriculture Banking MSME loans Mudra & CGTMSE-backed lending Agriculture, Kisan Credit Cards Self-help group (SHG) financing 4️⃣ Treasury Operations Government securities Forex & derivatives Liquidity management 🔹 Network & Reach One of the largest branch networks among PSU banks Strong presence in rural and semi-urban India Expanding digital banking platforms including mobile banking, UPI, and internet banking 🔹 Key Strengths ✔ Strong government backing ✔ Large deposit base with CASA strength ✔ Improving asset quality post-merger ✔ Beneficiary of PSU bank revival cycle ✔ Strong presence in priority sector lending