Union Bank Full Form

What is the full form of UNION Bank

Union Bank (synonym: Union Bank of India or UBI) is a public sector bank based in Mumbai, India. It has 120+ million consumers and total revenue of US$106 billion. The combined firm became one of the largest public sector banks in the branch network with the merger with Corporation Bank and Andhra Bank, which took effect on 1 April 2020. Four branches are located in other countries, including Dubai, Sydney, Hong Kong, and Antwerp. UBI also has offices in Shanghai, Abu Dhabi and Beijing. UBI's wholly-owned subsidiary operates in the United Kingdom (UK). The bank operates a network of more than 8700 domestic branches, 11100 automated teller machines (ATMs), and 15300 Business Correspondent Points, servicing over 120 million clients and employing over 75000 people.

This Story also Contains

1. What is the full form of UNION Bank
2. Expansion Of UBI
3. Logo And Tagline Of UBI
4. Subsidiaries Of UBI

Expansion Of UBI

Mahatma Gandhi inaugurated UBI on 11 November 1919 as a limited corporation in Mumbai. UBI had just four branches at the time of India's independence in 1947, three in Mumbai and one in Saurashtra, all located in vital trading centres. After independence, UBI expanded rapidly, and by the time the government nationalised it in 1969, it had become famous.

• In 1975, it purchased Belgaum Bank, a private sector bank founded in 1930 that had amalgamated with the Shri Jadeya Shankarling Bank in 1964. (Bijapur; incorporated on 10 May 1948).

• It purchased Miraj State Bank, which was founded in 1929 and had 26 branches in 1985.

• UBI purchased Sikkim Bank and its eight branches in 1999.

• UBI expanded abroad in 2007 with offices in Abu Dhabi, United Arab Emirates (UAE), and Shanghai, China.

• It opened a branch in Hong Kong in 2008.

Logo And Tagline Of UBI

The logo consists of two overlapping U's in red and blue, representing the customer and the bank. The two U's represent union and the integrity, security, and power that UBI represents. Blue denotes dedication, while crimson indicates the passion that prevails at UBI.

Tagline: Good people to bank with

Subsidiaries Of UBI

• Union Bank of India (UK) Limited

• UBI Services Limited

• Union Asset Management Company Private Limited

• Corpbank Securities Limited.

• Union Trustee Company Private Limited

• Chaitanya Godavari Grameen Bank

• Star Union Dai-ichi Life Insurance Company Limited