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8th June 2017, 03:14 PM
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Join Date: Mar 2013
Re: Union Bank of India History Pdf

The Union Bank of India was started in 1919.

It is one of the largest government-owned banks of India.

As of September 2016, UBI has 4214 branches.

The Bank has 4 overseas branches in Hong Kong, Dubai International Financial Centre, Antwerp, and Sydney (Australia).

The Bank also has representative offices at Shanghai, Beijing and Abu Dhabi. Lastly, UBI operates in the United Kingdom through its wholly owned subsidiary, Union Bank of India (UK).

History of Union Bank of India:
The Bank has started as a limited company in Mumbai and was inaugurated by Mahatma Gandhi.

In 1947, Union Bank only had four branches - three in Mumbai and one in Saurashtra
It is listed on the Forbes 2000, and has assets of USD 13.45 billion.

It got nationalised in 1969.

The Union Bank merged in Belgaum Bank in 1964.

In 1985 Union Bank merged in Miraj State Bank.

In 1999 the Reserve Bank of India requested that Union Bank acquire Sikkim Bank.

Union Bank of India Profile




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