Union Bank of India provides a diverse range of banking products and services, operating across four key segments: Treasury Operations, Retail Banking Operations, Corporate and Wholesale Banking, and Other Banking Operations. The company offers various account types, including savings and current accounts, as well as term and recurring deposits. Additionally, it provides demat and online trading accounts.
The bank extends retail loans such as home, vehicle, education, and personal loans, along with loans against property and specific products tailored for micro, small, and medium enterprises. Other offerings include mutual funds, life, non-life, health, and general insurance products, as well as tax-saving deposits. Union Bank of India also provides government saving schemes, tax collection services, pension products, and accounts for departmentalized ministries.
Furthermore, the company offers a range of corporate loans, encompassing Covid emergency line of credit, trade finance, working capital, lines of credit, project financing, and channel finance. It provides services like debt structuring/restructuring, loan syndication, structured finance, mergers and acquisition advisory, private equity services, cash management, ECGC cover, foreign exchange services, derivatives, export and import finance services, NRI banking services, and treasury products.
The bank facilitates various banking channels, including app, internet, self-service, ATM, and SMS banking services, along with point of sale terminals and immediate payment services. It issues a variety of cards, such as combo, debit, credit, gift, prepaid, and payroll cards.
As of March 31, 2022, Union Bank of India operated 8,870 branches in India, three overseas branches in Hong Kong, Dubai, and Sydney, one representative office in Abu Dhabi, and maintained 11,232 ATMs. Established in 1919, the bank is headquartered in Mumbai, India.
The bank extends retail loans such as home, vehicle, education, and personal loans, along with loans against property and specific products tailored for micro, small, and medium enterprises. Other offerings include mutual funds, life, non-life, health, and general insurance products, as well as tax-saving deposits. Union Bank of India also provides government saving schemes, tax collection services, pension products, and accounts for departmentalized ministries.
Furthermore, the company offers a range of corporate loans, encompassing Covid emergency line of credit, trade finance, working capital, lines of credit, project financing, and channel finance. It provides services like debt structuring/restructuring, loan syndication, structured finance, mergers and acquisition advisory, private equity services, cash management, ECGC cover, foreign exchange services, derivatives, export and import finance services, NRI banking services, and treasury products.
The bank facilitates various banking channels, including app, internet, self-service, ATM, and SMS banking services, along with point of sale terminals and immediate payment services. It issues a variety of cards, such as combo, debit, credit, gift, prepaid, and payroll cards.
As of March 31, 2022, Union Bank of India operated 8,870 branches in India, three overseas branches in Hong Kong, Dubai, and Sydney, one representative office in Abu Dhabi, and maintained 11,232 ATMs. Established in 1919, the bank is headquartered in Mumbai, India.
