Industry: Banking
Union bank of India: Union Bank is a Public Sector Unit with 55.43% share capital held by the Government of India. The Bank came out with its Initial Public Offer (IPO) in August 20, 2002 and Follow on Public Offer in February 2006. Presently 44.57 % of Share Capital is presently held by institutions, individuals and others.
Over the years, the Bank has earned the reputation of being a techno-savvy and is a front runner among public sector banks in modern-day banking trends. It is one of the pioneer public sector banks, which launched Core Banking Solution in 2002. Under this solution umbrella, All Branches of the Bank have been 1135 networked ATMs, with online telebanking facility made available to all its core banking customers – individual as well as corporate. In addition, the versatile internet banking provides extensive information pertainning to accounts and facets of banking. Regular banking services apart, the customer can also avail of a variety of other value-added services such as cash management service, insurance, mutual funds and demat.
Last updated: December 17th, 2013
