Important Notes

Central Office

Address : Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai - 400021, Maharashtra, India

Phone Number : 022-22892000

Email Address : [email protected]

Toll Free Number : 1800 208 2244 / 1800 22 22 44

Contact Number (Chargeable Number) : 080-25300175

Contact Number (Others) : 022-25751500 / +91 -22 -25719600

Union Bank of India was established on 11th November 1919 with its headquarters in the city of Bombay now known as Mumbai.

The Head Office building of the Bank in Mumbai was inaugurated by Mahatma Gandhi, the Father of the nation in the year 1921, and he said on the occasion:

"We should have the ability to carry on a big bank, to manage efficiently crore of rupees in the course of our national activities. Though we have not many banks amongst us, it does not follow that we are not capable of efficiently managing crore and tens of crore of rupees."

His prescient words anticipated the growth of the bank that has taken place in the decades that followed. The Bank now operates through over 4200+ branches across the country. The Bank's core values of prudent management without ignoring opportunities is reflected in the fact that the Bank has shown uninterrupted profit during all 96 years of its operations.

Union Bank has been playing a very proactive role in the economic growth of India and it extends credit for the requirements of different sectors of economy. Industries, exports, trading, agriculture, infrastructure and the individual segments are sectors in which the bank has deployed credit to spur economic growth and to earn from a well diversified portfolio of assets.

Resources are mobilized through Current, Savings and Term Deposits and through refinance and borrowings from abroad. The Bank has a large clientele base of over  5.7 crores.

On the technology front the Bank has taken early initiatives and 100% of its branches are computerized. The Bank has also introduced Core Banking Solution with connectivity between branches. 100% of the business of the Bank is under Core Banking Solution making it a leader among its peers in infusion of technology. Many innovative products are developed using the technology platform to offer an array of choices to customers, adding speed and convenience to transactions. Technology will also enable the Bank to derive substantial cost reduction while creating the requisite capacity to handle the ever increasing volume of business in a competitive environment that offers immense opportunities.

At the end of March 2015 the Bank achieved total business level of Rs. 5,79,627 crore (Rupees five lakh seventy Nine thousand six hundred and twenty seven crore).

Behind all these achievements is a dedicated team of staff, which is truly cosmopolitan in its composition. Many generations of members of staff have contributed in building up the strong edifice of the Bank. The present team of over 36,000 members of staff distinguishes itself with its customer centricity, willingness to learn and adherence to values enabling us to be recognized as a caring organization where people enjoy their work and relationship with customers.

Corporate Vision

To become the bank of first choice in their chosen areas by building beneficial and lasting relationships with customers through a process of continuous improvement.

Corporate Mission

- To be a customer centric organization known for its differentiated customer service

- To offer a comprehensive range of products to meet all financial needs of customers

- To be a top creator of shareholder wealth through focus on profitable growth

- To be a young organization leveraging on technology & an experienced workforce

- To be the most trusted brand, admired by all stakeholders

- To be a leader in the area of Financial Inclusion

Joint Ventures

In their Corporate Mission Statement, one of the points is “To offer a comprehensive range of products to meet all financial needs of customers”. In order to move towards their cherished goal of becoming a financial supermarket, Union Bank of India has setup Joint Ventures with multinational companies which are well known and recognized as among the leaders in their area of expertise.

Corporate Social Responsibility

Union Bank of India has well developed Corporate Social Responsibility inititatives in place. The focus on the Rural sector is through Village Knowledge Centres and Farmers' Clubs etc. They also have schemes for the girl child, where they take care of education expenses. Initiatives are in place in other areas such as providing drinking water for schools, setting up bus shelters etc. All their CSR initiatives have shown good results and they are an ongoing part of their contribution to the building of this nation.

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