United Bank Of India

Union Bank of India (UBI; BSE: 532477) is one of the largest government-owned banks of India (the government owns 63.44% of its share capital). It is listed on the Forbes 2000, and has assets of USD 13.45 billion. All the bank's branches have been networked with its 6909 ATMs as on 30 September 2015. Its online Telebanking facility are available to all its Core Banking Customers - individual as well as corporate. As of September 2016, UBI has 4214 branches. Four of these are overseas in Hong Kong, Dubai International Financial Centre, Antwerp, and Sydney (Australia). UBI also has representative offices at Shanghai, Beijing and Abu Dhabi. Lastly, UBI operates in the United Kingdom through its wholly owned subsidiary, Union Bank of India (UK).nUnion Bank of India (Union Bank) was registered on 11 November 1919 as a limited company in Mumbai and was inaugurated by Mahatma Gandhi. At the time of India's Independence in 1947, Union Bank of India had only four branches - three in Mumbai and one in Saurashtra, all concentrated in key trade centres. After Independence, the growth is accelerated and by the time the Indian government nationalized it in 1969, it had 240 branches. Shortly after nationalzsation, Union Bank of India acquired Belgaum Bank, a private sector bank established in 1930 that had itself merged in a bank in 1964, the Shri Jadeya Shankarling Bank (Bijapur; incorporated on 10 May 1948). Then in 1985 Union Bank of India acquired Miraj State Bank, which was established in 1929, and which had 26 branches. In 1999 the Reserve Bank of India requested that Union Bank acquire Sikkim Bank in a rescue after extensive irregularities had been discovered at the non-scheduled bank.nnUnion Bank began its international expansion in 2007 with the opening of representative offices in Abu Dhabi, United Arab Emirates, and Shanghai in Peoples Republic of China. The next year, Union Bank established a branch in Hong Kong, its first branch outside India. In 2009, Union Bank opened a representative office in Sydney, Australia.nnAt present, the offshore banking operations of Union Bank of India are led by its branches in Hong Kong and newly opened branch in Dubai at Dubai International Financial Centre.nnVisionnTo become the Bank of first choice in our chosen areas by building beneficial and lasting relationships with customers through a process of continuous improvementnnMissionnnTo be a customer centric organization known for its differentiated customer servicenTo offer a comprehensive range of products to meet all financial needs of customernTo be a top creator of shareholder wealth through focus on profitable growthnTo be a young organization leveraging on technology and experienced workforcenTo be the most trusted brand, admired by all stakeholdersnTo be a leader in area of Financial Inclusion

Nationalised Bank based on Kolkata. Offers various kinds of Retail Loans like Housing Loan, Car Loan, 2 Wheeler Loan, Mortgage Loan etc. Deposit products such as Current Bonanza, Saving Bonanza Saving Deposit and Current Deposit. Term deposit from 14 days to 120 months. Recurring, flexi and fixed deposit schemes are also available. Sell LIC policies and Atal Pension Yojana also. Gold Loan offered at ROI 7%(Agriculture purpose).

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