Who is the owner of Union Bank of India | wiki

Union Bank of India, an Indian nationalized financial institution. Know more about the owner of Union Bank of India and more organization information. Union Bank of India is one of the major public sector institutions and a major government-owned commercial bank of India.

• About the owner of Union Bank of India

UBI Bank was incorporated in the year 1919. They started operations from their headquarters in the city of Bombay now known as Mumbai. UBI Bank launched its service through its Head office after being inaugurated by Mahatma Gandhi. The owner of Union Bank of India is the Government of India.

• About The Union Bank of India Limited Wiki

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• Details of the owner of Union Bank of India (Wiki)

UBI Bank is owned by the Indian Government. Since that date, the bank got nationalized. The government owns 63.44% of its share capital).

Ms. A. Manimekhalai is Managing Director & CEO of Union Bank of India since June 3rd, 2022. Presently, Ms. A. Manimekhalai is Chairperson on the Board of Union Bank of India (U.K.) Ltd and also a Director on the Board of Union Asset Management Co., and India Infrastructure Finance Co. Ltd.

• Shri Srinivasan Varadarajan – Part-Time Non-Official Director
•  A Manimekhalai – Managing Director & CEO
• Shri Nitesh Ranjan, Executive Director
• Shri Rajneesh Karnatak – Executive Director
• Shri Nidhu Saxena – Executive Director

• Details of the Company

In UBI Bank, all the resources are fabricated through Current, Savings, and Term Deposits. Also through refinancing and borrowings from abroad. Furthermore, the Bank has a large clientele base of over  5.7 crores.

Moreover, the Bank also introduced Core Banking Solution amidst the affinity between branches. In fact, 100% of the business of the Bank is under Core Banking Solution. Eventually, making it a leader among its matches in the insertion of technology. Several innovative products were developed using the technology platform. Owing to the purpose to offer a list of choices to customers. Thus, adding speed and convenience to transactions.

On the date of September 2016, UBI possesses 4214 branches. Including, Four overseas in Hong Kong, Antwerp, Dubai International Financial Centre,  and Sydney (Australia). In addition, UBI also owns representative offices in Shanghai, Beijing, and Abu Dhabi. Finally, UBI operates in the United Kingdom through its entirely owned subsidiary, Union Bank of India (UK).

Markedly, UBI received the IBA Best Technology Bank of the year 2015-16.

• Union Bank of India Limited customer care

• www.unionbankofindia.co.in
• www.unionbankonline.co.in
• 080-25300175, Others 022-25751500,
• +91 -22 -25719600