Union Bank of India Limited

₹153.1-0.36%Dec 16, 11:00 AM IST

UNIONBANK•Finance•Major Banks

Current Price

₹153.1-0.36%

Dec 16, 11:00 AM IST

Market Cap₹1,16,603.32 Cr

Business Overview

Union Bank of India operates through 4 main business divisions including Treasury Operations, Retail Banking Operations, Corporate /Wholesale Banking, Other Banking Operations.

Business Hierarchy Structure for Union Bank of India

Union Bank of India
- Treasury Operations
  - Investments
    - Government Securities
    - Other Approved Securities
    - Shares
    - Debentures & Bonds
    - Subsidiaries & Joint Ventures
    - Others
  - Foreign Exchange activities
  - Treasury Sales
  - Wealth Management
    - Third Party Products Marketing
    - IPO Management
    - Portfolio Management Services
    - Merchant Banking Operations
    - Capital Market & Depository Services
- Retail Banking Operations
  - Digital Banking Operations
    - Digital Savings Account
    - Digital Union Kisan Tatkal
    - Digital PMSVANidhi
    - Digital Working Capital Enhancement
    - Digital Gold Loan
    - Online OTS
    - V-KYC
    - WhatsApp Banking (UVConn)
    - Google Business Messages (GBM)
    - Metaverse Virtual Lounge (Uni-verse)
    - VR-Based Immersive Training Modules
    - Fintech Partnerships
  - Other Retail Banking Operations
    - Savings Accounts
    - Current Accounts
    - Term Deposits
    - Recurring Deposits
    - Demat and online trading accounts
    - Personal Loans
    - Home Loans
    - Vehicle Loans
    - Education Loans
    - Loans against property
    - Pension products
    - Tax-saving deposits
    - Government savings schemes
    - Mutual Funds
    - Life Insurance
    - Non-life Insurance
    - Health Insurance
    - Tax collection services
    - Accounts management for departmentalized ministries
    - NRI customers services
    - App, Internet, Self-service, ATM, and SMS banking
    - Point-of-sale terminals
    - Immediate payment services
    - Card options (combo, debit, credit, gift, prepaid, payroll)
    - Agricultural financing
    - Small and medium enterprises (SMEs) financing
    - Government schemes support
    - Financial literacy programs
- Corporate /Wholesale Banking
  - Enterprise Lending Programs
  - Working capital loans
  - Term loans
  - Project financing
  - Channel finance
  - Debt structuring/restructuring
  - Loan syndication
  - Structured finance
  - Mergers and acquisition advisory
  - Private equity services
  - Cash management solutions
  - ECGC cover
  - Foreign exchange services
  - Derivatives
  - International trade finance services
  - Green Finance
    - Green Deposits
    - Green Bonds
    - Sustainability-linked loans
    - Green Mortgages
  - Renewable Energy Projects Financing
  - Electric Vehicles Financing (Union Green Miles Scheme)
  - Rooftop Solar Installations Financing (Union Solar Scheme)
  - Renewable Energy Equipment Financing (PM KUSUM Scheme)
- Other Banking Operations
  - Deposit Mobilization
  - Retail Relationship cell-Lead Management System
  - Government Business and Relationship
  - Credit Card and Merchant Acquisition Business
  - RUSU Banking & Financial Inclusion
  - Strategy
    - Project POWER 2.0
    - New Initiatives
    - Strategic Planning & Review
    - Branch Network & Expansion
  - Operations
    - Customer Care(CC) & Grievances
  - Audit and Inspection
  - Transaction Monitoring and Fraud Management
    - EFRMS Solutions
    - Early Warning System
    - Fraud Management
    - Anti Money Laundering/CFT
    - Off-Site Transaction Monitoring System