What we do Union Bank of India is a leading state-owned bank offering retail, corporate, treasury, and digital banking services across India and overseas with strong government backing. |
Founded in 1,919 |
Market share 5th largest public sector bank in India with over 8,600 branches and 3 overseas branches, serving 120 million customers. |
Problem solved Facilitates access to banking and financial products for retail, MSMEs, agriculture, and corporates, enhancing financial inclusion and economic growth. |
Top clients or who we serve Serves diverse clientele including retail customers, MSMEs, agriculture sectors, large corporates, and international clients in UK, Australia, Dubai. |
Key management - |
Our journey and innovations Founded in 1919, nationalized in 1969, merged Andhra and Corporation Banks in 2020, pioneered digital banking with extensive technology integration. |
Where we operate India-wide presence with branches in 29 states, and international branches in Hong Kong, Sydney, Dubai, UK, and joint ventures in Malaysia. |
Top products or what we offer Retail loans, corporate banking, treasury operations, digital banking platforms, wealth management, MSME financing, and green banking products. |
Top brands Union Digital EASE for MSMEs, Union VYOM app with 400+ features, Digital Rupee by UBI app, Union KBC Asset Management, Union Samvridhi deposits. |
Raw materials needed Not applicable as a banking institution. |
Raw materials supplier Not applicable. |
Recurring vs cyclical contribution Majority of revenues are recurring through interest income, fees, and treasury gains; linked to economic cycles of credit demand. |
Our industry position Strong 5th rank nationally in public sector banking, robust asset base, improving asset quality, and regulatory capital adequacy above 18%. |
Financial highlights FY 2024-25 revenue ₹1,27,539 crore, net profit ₹17,987 crore, operating profit ₹31,090 crore; consistent growth in deposits and advances. |
Geographical revenue split Primarily domestic India; international operations contribute modestly with 3 overseas branches and subsidiaries. |
Order book - |
Whats driving growth Digital transformation, government infrastructure spending, MSME credit growth, bancassurance, and financial inclusion initiatives. |
Our future plans Continued digital platform expansions, customer onboarding digital journeys, risk management enhancements, and sustainable banking initiatives. |
Our green promise Active in renewable energy financing, green banking policies, digital solar rooftop loans, and signatory to carbon accounting frameworks. |
Our people and values Over 73,900 employees, focus on diversity, skill development, employee well-being, and inclusive leadership programs. |
Key challenges ahead Geopolitical risks, global economic slowdown, credit risks from unsecured segments, and competition from fintech players. |
Interesting facts One of the first Indian banks to launch digital currency apps and implement wholesale and retail central bank digital currencies. |
Risks and strategy Mitigates credit and market risks through robust Basel III capital, digital monitoring, diversified portfolio and continuous process improvements. |
