Union Bank of India, one of the country’s leading public sector banks founded by Shri. Seth Sitaram Poddar on November 11, 1919, and inaugurated by Mahatma Gandhi Ji, celebrated its 107th Foundation Day today through a hybrid event held at Mumbai and various cities across India, including Coimbatore.
The Secretary, Department of Financial Services, Mr. Nagaraju, IAS, was the Chief Guest for the event at Mumbai. The celebration was presided over by Mr. Asheesh Pandey, Managing Director and Chief Executive Officer, along with the Executive Directors and Members of the Board. In line with the national vision of Viksit Bharat, this year’s theme, “Shaping a Brighter Future Together,” emphasized the bank’s commitment to inclusive growth and innovation.
At Coimbatore, the Foundation Day celebration was held at Dr. A.P.J. Abdul Kalam Auditorium, Hindustan College of Arts and Science, and was presided over by Shri. Rajkumar S.A., Zonal Head, and Ms. S.S. Lavanya, Regional Head of Coimbatore. The event witnessed the participation of customers, staff members with their families, and retired employees. Three new products were launched for the benefit of customers, followed by a series of cultural performances by staff members and their wards.
Headquartered in Mumbai, Union Bank of India is a listed entity with the Government of India holding 74.76 percent of the bank’s total paid-up capital. As of September 30, 2025, the bank’s total business stood at Rs 22,09,828 crore, comprising Rs 12,34,621 crore in deposits and Rs 9,75,207 crore in advances. The bank has a wide network of 8,600+ domestic branches, 9,000+ ATMs, 74,100+ employees, and 25,900+ Business Correspondent (BC) Points.
Globally, the bank operates through two overseas branches — one at Dubai International Financial Centre (UAE) and another at Sydney (Australia) — along with one banking subsidiary at London (UK), one joint venture in Malaysia, four domestic para-banking subsidiaries, three joint ventures, and one associate – Andhra Pradesh Grameena Bank.
Union Bank of India holds the distinction of being the first large public sector bank in India to achieve 100% core banking implementation. Over the years, it has received numerous awards and recognitions for excellence in technology adoption, digital banking, financial inclusion, MSME development, and human resource advancement, reaffirming its leadership and commitment to driving India’s banking growth story.
