Union Bank of India observes 108th Foundation Day

The Union Bank of India will celebrate its 108th Foundation Day on November 11, 2026. Union Bank of India was established on November 11, 1919, with its headquarters in Mumbai. The Bank’s Head Office in Mumbai was inaugurated by Mahatma Gandhi, the Father of the Nation, in 1921.

Some Facts about Union Bank

#1) It was the first large public sector bank in India to achieve 100% Core Banking Solution (CBS) implementation across all its branches.

#2) Established in 1919, the bank was nationalised by the Government of India in 1969. The bank has more than 8,650 domestic branches, 8,700 ATMs and 28,550 BC points.

#3) Union Bank of India was established on 11 November 1919 in Bombay (now Mumbai) by Seth Sitaram Poddar. The bank shifted their registered corporate office to Samachar Marg, Fort, Mumbai in 1921. This office was inaugurated by Mahatma Gandhi.

#4) During India’s independence in 1947, the bank had four branches – three in Mumbai and one in Saurashtra in trade centres. At the time of its nationalisation in 1969, it had 240 branches. Post-nationalisation, the bank sponsored four regional banks.

#5) In 1975, it acquired Belgaum Bank, a private sector bank established in 1930 that had itself merged in a bank in 1964, the Shri Jadeya Shankarling Bank (Bijapur; incorporated on 10 May 1948). In 1985, it acquired Miraj State Bank, which had been established in 1929, and which had 26 branches. In 1999, UBI acquired Sikkim Bank with its eight branches.

#6) In 2002, the bank undertook a public offer of equity shares, listing on NSE and BSE.

#7) The global expansion of UBI began with the opening of representative offices in Doha and Qatar in 2004. UBI expanded internationally in 2007 with the opening of offices in Abu Dhabi, United Arab Emirates and in Shanghai, China. In 2008, it established a branch in Hong Kong. In 2009, Union Bank opened a representative office in Sydney, Australia.

#8) On 30 August 2019, Finance Minister Nirmala Sitharaman announced that Andhra Bank and Corporation Bank would be merged into Union Bank of India.

Subsidiaries of Union Bank

• Union Bank of India (UK) Limited: Wholly-owned international banking subsidiary.
• Union Asset Management Co. Pvt. Ltd.: 100% owned mutual fund asset management company.
• UBI Services Limited (UBISL): Wholly-owned subsidiary (formerly Corpbank Securities Ltd) handling retail loan sourcing, support, and manpower distribution.
• Union Trustee Co. Pvt. Limited: Wholly-owned trustee company for Union Mutual Fund.
• Andhra Bank Financial Services Limited: 100% owned non-banking financial entity.

Joint Ventures & Associates of Union Bank

• Star Union Dai-ichi Life Insurance: Life insurance joint venture (25.10% stake, partnered with Bank of India and Dai-ichi Life).
• ASREC India Ltd: Asset reconstruction company (26.02% stake).
• India International Bank Malaysia Berhad: International joint venture (25% stake).
• Chaitanya Godavari Grameena Bank / Andhra Pradesh Grameen Bank: Regional rural associate bank.

Union Bank of India Logos

Union Bank of India has changed its logo several times over the years, reflecting the bank’s growth, changing identity and efforts to build a modern brand image. From its traditional circular emblem to the present red-and-blue logo, the bank’s visual identity has evolved significantly. The old logo of Union Bank of India featured a circular design with a wheat or leaf-like wreath surrounding a traditional monogram in the centre. It had a simple black-and-white appearance and represented the bank’s earlier identity.