Union Bank of India (2024)

Union Bank of India (1) You are here : Union Bank of India (2) About UsUnion Bank of India (3)JV/SubsidiariesUnion Bank of India (4)Union Asset Management

Union Bank of India (5)Union Asset Management Co. Pvt. Ltd. (Mutual Fund 100% subsidiary)


Union Bank Mutual Fund’s vision is to “be the bridge of opportunity for investors to achieve sustainable prosperity through responsible Investing in the capital markets.” Union Mutual Fund mainly emphasizes on product development, sales and support marketing, and dedicated coaching officers for training the marketing people. The company’s mission is to be recognized as the fund house that offers the right scheme to the correct person at the right time. Through its strong network distribution, it wants to reach out to a large number of aspiring investors. Union Mutual Fund was earlier known as Union KBC Mutual Fund. The asset management company was started as a partnership between Union Bank of India and Belgium based KBC Asset Management NV. In this partnership Union Bank of India held, 51% of shares while the remaining percentage was held with KBC Asset Management NV. In August 2016, KBC Asset Management announced its exit from the partnership and this remaining shares was purchased Union Bank of India. Thus, Union Bank now owns 100% shares of the Mutual Fund company.

Union Bank of India (2024)


Is Union Bank a private bank? ›

About Us. Union Bank of India is one of the leading public sector banks of the country. The Bank is a listed entity, and the Government of India holds 74.76 percent in Bank's total paid-up capital.

Who owns Union Bank India? ›

Union Bank of India is one of largest state-owned banks in India. The Bank is a listed entity and the Government of India holds 83.49 percent in Banks Total Share Capital.

Which bank merged with Union Bank of India? ›

Union Bank of India merges Andhra Bank and Corporation Bank. Union Bank of India will become the fifth-largest public sector bank merger in India.

Is it safe to deposit money in Union Bank of India? ›

Yes, Union Bank of India (UK) Ltd is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority and is entered on the Financial Service Register under reference FRN 601551.

Who owns UnionBank now? ›

Union Bank was an American national bank with 398 branches in California, Washington and Oregon. It was owned by MUFG Americas Holdings Corporation and was acquired by U.S. Bancorp in December 2022.

Is UnionBank part of US Bank? ›

Union Bank is now U.S. Bank, providing access to more branches, bankers and services to create more opportunities for you to thrive.

Is Union Bank merged with PNB? ›

United Bank of India and Oriental Bank of Commerce will be merged with Punjab National Bank. Punjab National Bank (PNB) and Union Bank of India on Monday said they have received in-principal approval from the government for their amalgamation with other public sector banks.

Which US banks have branches in India? ›

American Express Banking Corporation, DBS Bank India Limited, Bank of America, Citibank N.A, Barclays Bank Plc, Deutsche Bank, HSBC Ltd, Standard Chartered Bank, and others are among the best banks in India for international banking.

Which bank is best, SBI or Union Bank of India? ›

But when compared to state bank of india the crowd is less in union bank of india, so you will get faster service in union bank of india. I would suggest union bank of india as it has better internet banking facilities when compared to SBI. In view of better customer service i would suggest union bank of india.

Who is the richest bank in India? ›

The SBI, or the State Bank of India, is the largest bank in India by total assets, while HDFC Bank tops the list in terms of market capitalisation.

Which banks are safest in India? ›

  1. State Bank of India (SBI) The State Bank of India (SBI) is India's largest public sector bank providing an extensive range of banking services. ...
  2. HDFC Bank. ...
  3. ICICI Bank. ...
  4. Punjab National Bank. ...
  5. Bank of Baroda (BoB) ...
  6. Axis Bank. ...
  7. Canara Bank. ...
  8. Union Bank of India.

What is the new name for Union Bank? ›

- The official buyout and change of ownership is complete for US bank, which takes over Union Bank.

Which is better PNB or Union Bank of India? ›

Union Bank of India scored higher in 1 area: Positive Business Outlook. Both tied in 2 areas: Overall rating and Senior management.

How much money can I deposit in Union Bank of India? ›

25000 per day free of charges. Cash deposited in excess of Rs. 25000/- service charges will be levied @ Rs. 5/- plus applicable GST per packet or a part thereof.

Can I do international transactions with Union Bank of India? ›

Union Bank of India account holders can initiate an international transfer at a bank branch by following these general steps for outward remittance from India: Complete the outward remittance application form and the corresponding A1/A2 form (import/non-import) for remittances, as applicable.

What type of Bank is UnionBank? ›

(PSE: UBP), more commonly known as UnionBank, is one of the universal banks in the Philippines and the ninth largest bank in the country by assets. UnionBank is a joint consortium among the Aboitiz Group, Insular Life, and Social Security System.

Which is a private Bank? ›

Private Sector Banks

These are the banks where private individuals have the largest position in the shares or stock. Public sector banks predominated the Indian banking industry at first, but private sector banks emerged in the 1990s and have had tremendous growth since then.

Is UnionBank listed or not? ›

Union Bank of India is one of largest state-owned banks in India. The Bank is a listed entity and the Government of India holds 83.49 percent in Bank's Total Share Capital.

Is UnionBank a retail bank? ›

UnionBank's unwavering commitment to enhancing customer experience resulted in numerous recognitions, including being named the Best Retail Bank in the Philippines for four consecutive years.

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