Union Bank of India, one of India's largest state-owned banks, has a significant international presence with branches in Hong Kong, Dubai, and Sydney, and representative offices in several major cities worldwide. The Indian government holds an 83.49% stake in the bank. Established in 1919 and nationalized in 1969, the bank has grown through strategic mergers, such as with Andhra Bank and Corporation Bank, enhancing its network to 9315 branches and 10,835 ATMs across India as of March 2023.
Union Bank offers diverse services, including retail and corporate banking, treasury operations, and wealth management. Its global business reached Rs. 19.27 lakh crore in 2023, with deposits of Rs. 11.17 lakh crore and gross advances of Rs. 8.09 lakh crore. The bank has engaged in various strategic partnerships and technological advancements to optimize customer satisfaction and expand its offerings, making it a key player in the Indian banking sector.
