10 Interesting Facts about Union Bank

Introduction: 

Union Bank of India is dedicated to enhancing and preserving its reputation as a forerunner among commercial banks in India by consistently adapting its services to meet the evolving demands of Indian society. As a consequence, the company now offers a comprehensive suite of goods and services to its devoted clients, covering every conceivable preference and want.

Facts about Union Bank:

1. The Union Bank has established itself as a leader in technological innovation and contemporary banking practices among public sector financial institutions. With the introduction of its Core Banking Solution in 2002, it quickly rose to prominence as a leading public sector financial institution. 
2. UBI was established as a limited company in Mumbai and a ceremony marking its opening was led by Mahatma Gandhi. It only had four branches, all of which were strategically located in either Mumbai or a neighboring city in Saurashtra. UBI was taken over by the government in 1969. Before being taken over by the government, UBI had expanded to 240 locations across 28 states.UBI established regional offices in Abu Dhabi, UAE, and Shanghai, PRC in 2007. UBI expanded beyond its home country of India in 2008 with the opening of its first overseas office in Hong Kong.
3. The government of India controls more than 55% of Union Bank of India’s share capital, making it one of the major state-owned banks in India. Over the last 92 years, the bank has seen tremendous growth and prosperity. With 2852 locations throughout India, Union Bank of India is a major financial institution with automated teller machines connecting them all. 
4. All of its Core Banking Customers, whether individuals and businesses, have access to its online Tele-banking service. There are branches in Hong Kong and the Chinese cities of Shanghai and Abu Dhabi. The IFSC codes of various branches of Union Bank can be known with the help of the union bank website.
5. Union Bank has earned its reputation as “GOOD PEOPLE TO BANK WITH” by providing dependable banking services, expanding steadily, maintaining a healthy profit margin, and pioneering cutting-edge innovations. 
6. Union Bank of India has a variety of consumer loans available to suit your requirements. Our one-of-a-kind, goal-oriented loans may help you make your goals of a bigger home, better education for your kids, a nicer automobile, or nicer appliances a reality.
7. Over ten thousand ATMs in India accept the Union Bank of India International Debit Card, while over eight hundred and fifty thousand ATMs throughout the globe accept Visa Electron. The card may be used at over a hundred thousand locations in India and at over thirteen million locations throughout the world. With this card, you may make purchases without ever touching cash, and you never have to worry about becoming overdrawn.
8. An excessive amount of jewelry and other valuables kept at home might be a safety risk and an obstacle in the event of a fire or other disaster.The safe deposit box service at Union Bank of India is a reliable place to keep your precious belongings including jewelry, paperwork, and cash.
9. Banking that anticipates its customers’ requirements is essential to delivering on their expectations and closing the value gap, as measured by customer satisfaction. “To become the bank of first choice in our selected sectors by developing mutually beneficial and enduring relationships with clients via a strategy of continual development”, is the vision of UNION BANK.
10. Pick from in consideration of the term length, kind of deposit, and special benefits associated with long-term savings and early withdrawal. Union Bank deposit plans include perks like an overdraft service, out-of-town cheque collections, safe deposit boxes, automated teller machines, and more in addition to excellent interest rates and easy access to your funds.

Conclusion:

Every corporation is only as good as its individuals. It’s no surprise that the almost 35,000 qualified and skilled members of the Union Bank family are, and will always be, committed to providing the highest standard of service to each and every one of their discriminating clients. Union Bank’s Goal is to Know You Better. That’s why it’s so important for us to learn about your goals, both professional and personal, so that we can better assist you as you make your way through the increasingly complex world of finance.