Banks / Union Bank of India

Union Bank of India (UBI)

Public Sector Bank 5th Largest Public Sector Bank in India Merged with Andhra Bank & Corporation Bank (2020)
OverviewLeadershipContact & Locators ProductsInterest RatesFinancials RBI InfoLatest NewsMore Tools

🏦 Bank Overview

📍
Headquarters
Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai - 400021, Maharashtra
👤
MD & CEO
Asheesh Pandey
📅
Established
1919 (11 November 1919, inaugurated by Mahatma Gandhi) · Nationalised in 1969
🌐
Official Website
unionbankofindia.bank.in ↗
🏛️
Ownership
Government of India (~74.76% via President of India), publicly listed (BSE/NSE: UNIONBANK)
🏢
Network
8,600+ branches · 8,900+ ATMs across India (as of Mar 2025)

👥 Leadership — MD & CEO

Current

Asheesh Pandey

MD & CEO, Union Bank of India — in office since 30 September 2025, appointed by the Central Government for a term of three years (or until further orders). A mechanical engineer and IIM Bangalore alumnus with 27+ years in banking, he previously served nearly 24 years at Union Bank (1998–2021) before becoming Executive Director at Bank of Maharashtra, then returned to lead Union Bank as MD & CEO.

2020 Merger Milestone

On 1 April 2020, Andhra Bank and Corporation Bank were amalgamated into Union Bank of India as part of the Government's PSU bank consolidation exercise, making Union Bank the country's 5th largest public sector bank by business size.

Last Three MD & CEOs

NameTenureNotable Period
A. ManimekhalaiJun 2022 – Jun 2025First woman to head Union Bank of India; led post-merger integration and digital transformation
Rajkiran Rai GJul 2017 – May 2022Oversaw the amalgamation of Andhra Bank & Corporation Bank into Union Bank (2020)
Arun TiwariDec 2013 – Jun 2017Led Union Bank's financial inclusion and digital banking initiatives

📞 Customer Care & Locators

Customer Care Email
customercare@unionbankofindia.com

Credit card disputes: creditcards@unionbankofindia.com

Toll-Free (General Banking)
1800 22 22 44 / 1800 208 2244

24×7 balance enquiry, mobile/ATM card services, general banking queries

Toll-Free (Other Helplines)
Premium customers: 1800 8331 · Fraud/disputed transactions: 1800 8332
SMS banking: 9152980440 / 9152980449
📍 Branch Locator → 🔎 IFSC Code Finder → 🏛️ RBI Bank Branch/IFSC Master →

💼 Products & Services

💰 Loans

  • Home Loan (Union Home, NRI Home Loan)
  • Personal Loan (salaried, non-salaried, govt. employees)
  • Car Loan (Union Miles)
  • Education Loan (Union Digital Education Loan)
  • UNI Gold / Digital Gold Loan
  • Agriculture & Kisan Credit Card (KCC)
  • MSME Loans (Shishu, Kishore, Tarun Mudra, GST Gain)

🏦 Deposits

  • Savings Bank Account
  • Current Account
  • Fixed Deposit (incl. Union Non-Callable Term Deposit)
  • Recurring Deposit
  • Tax-Saving Fixed Deposit
  • NRE / NRO / FCNR(B) Accounts

📱 Digital & Forex

  • Vyom / Union Ease Mobile Banking App
  • Internet Banking (Union eConnect)
  • UPI, BHIM Union Pay
  • Foreign Exchange & Trade Finance
  • Outward/Inward Remittances (SWIFT)
  • FASTag issuance & top-up

➕ Other Services

  • Union Bank Credit Card
  • Star Union Dai-ichi Life Insurance (bancassurance JV)
  • Union Mutual Fund (Union Asset Management Co.)
  • Demat & Trading Services
  • Safe Deposit Locker
  • PMJDY, APY, PMJJBY, PMSBY (govt. schemes)

📈 Interest Rates

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Retail Domestic Term Deposit rates below are fetched live from Union Bank of India's official rates page where possible. If the live fetch is unavailable, the last published rates are shown instead.

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📊 Financial Results (Last 4 Years)

MetricFY 2025-26 (Mar 2026)FY 2024-25 (Mar 2025)FY 2023-24 (Mar 2024)FY 2022-23 (Mar 2023)
Net Profit (Full Year)₹18,697 Cr₹17,987 Cr₹13,648 Cr₹8,433 Cr
Total Deposits₹13.07 Lakh Cr~₹13.09 Lakh Cr₹12.21 Lakh Cr₹11.18 Lakh Cr
Total Advances₹10.79 Lakh Cr₹9.53 Lakh Cr₹9.05 Lakh Cr~₹8.10 Lakh Cr
Total Business₹23.86 Lakh Cr~₹22.62 Lakh Cr~₹21.26 Lakh Cr₹19.28 Lakh Cr
Gross NPA Ratio2.82%3.60%4.76%7.50%
Net NPA Ratio0.48%0.63%1.03%1.70%
CRAR (Capital Adequacy)18.10%18.02%16.97%16.04%
Figures compiled from Union Bank of India's published quarterly/annual results and investor presentations. Total Business figures for FY24 and FY25 are approximate (marked ~) sums of published deposit and advances figures pending exact reported totals; FY23 advances is approximate (marked ~) due to minor variance across the bank's own press release and investor presentation. Always verify precise numbers on Union Bank's official Investor Relations page before making financial decisions.

🏛️ RBI Regulatory Information (As on Date)

Regulator
Reserve Bank of India, under the Banking Regulation Act, 1949 & Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970
Bank Category
Scheduled Commercial Bank (Public Sector) — Second Schedule, RBI Act 1934
D-SIB Status
Not currently classified as a Domestic Systemically Important Bank by RBI (D-SIB list: SBI, HDFC Bank & ICICI Bank)
Minimum CRAR Required
11.5% (9% minimum + 2.5% Capital Conservation Buffer, Basel III) — Union Bank's actual CRAR: 18.10%
PCA Framework
Not under RBI's Prompt Corrective Action framework
Deposit Insurance
DICGC cover up to ₹5,00,000 per depositor per bank
Grievance Redressal
RBI Integrated Ombudsman Scheme, 2021 — toll-free 14448
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