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UNION BANK OF INDIA TURNS 100 ON 11TH NOV 2018
Nov. 16, 2018

Union Bank of India celebrated its 100th Foundation Day in Mumbai. Established on November 11, 1919, the bank’s corporate office in Mumbai was inaugurated by Mahatma Gandhi.Inaugurating the centenary year celebrations through video-conference, Union Finance Minister Arun Jaitley recalled the history of the bank and commended its role in nation building.Maharashtra Chief Minister Devendra Fadnavis, Union Minister of State for Finance Shiv Pratap Shukla, and Additional Secretary in the Department of Financial Services, Dakshita Das, attended the celebrations.

Union Bank of India

  • Union Bank of India is a public sector unit of India, of which 43% shares the capital with the Government of India.
  • The bank came into the capital market on August 20, 2002 with the initial public offer (IPO) and flow-on public offer in February At present, 44.57% of the bank's assets are with the capital institutions, individuals and others.
  • The bank has earned the reputation of being a techno-savvy bank and is a leading bank in public sector banks with modern banking ideology. It is a leading bank to introduce Core Banking Solution in
  • Under this solution, all the branches of the bank and 1135 ATMs, all core banking customers, whether they are individuals or with corporate, online telebanking facility.