Union Bank Of India was inaugurated by Mahatma Gandhi and the Bank started its operations in 1920. Union Bank Of India is a Public Sector Unit consisting of 60.85% Share Capital held by the Government of India. The rest 39.15 % of Share Capital is presently held by Institutions, Individuals and Others. Union Bank of India (UBI) is one of India's largest state-run banks and is also listed on the Forbes 2000.
Activities
Union Bank Of India.: The Bank's principal activities are to provide Commercial Banking Services which include Merchant Banking, Direct Finance, Infrastructure Finance, Venture Capital Fund, Advisory, Trusteeship, Forex, Treasury and other related financial services. The Bank operates through 2082 Branches In India.
In addition to the Regular Banking Facilities provided by Union Bank Of India, customers can also avail a variety of other services like Cash Management Service, Insurance, Mutual Funds, Demat from the Bank.
Over the years Union Bank Of India has earned the reputation of being a Techno-Savvy Bank and is one of the front runners amongst public sector bank in the field of technology. The Bank has launched multiple Electronic Delivery Channels and has installed nearly 423 networked ATMs.
Performance
- Buoyed by a strong growth in net interest income and fee-based income, Union Bank of India has posted a 57.24 per cent increase in net profit at Rs 228 crore for the fourth quarter ended March 31, 2007, against Rs 145 crore for the corresponding quarter of the previous year.
- Net interest income grew 40.80 per cent to Rs 842 crore (Rs 598 crore).
- Total income went up 33.85 per cent to Rs 2,337 crore (Rs 1,746 crore).
Organization
Mr V. Leeladhar - Chairman and Managing Director, Union Bank Of India
Corporate Office:
Union Bank Of India,
NRI Branch, Ground Floor, Union Bank Bhavan,
239, Vidhan Bhavan Marg, Nariman Point,
Mumbai 400 021.
India.
Telephone: 202 4647/ 283 1057/ 283 1059
Website: http://www.unionbankofindia.co.in/
Fax: 91-022-202 2917
Telex: 83145
E-mail: nri@unionbankofindia.com
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