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Union Bank of India
3.9
based on 643 Reviews
Company Overview
Company Locations
Working at Union Bank of India
Company Summary
Overall Rating
3.9/5
based on 643 reviews
3% above
industry average
Highly rated for
Job Security
Work Policy
Work from office
96% employees reported
Monday to Saturday
48% employees reported
Strict timing
67% employees reported
Within city
36% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
46 employees reported
Health insurance
37 employees reported
Professional degree assistance
19 employees reported
Office cab/shuttle
19 employees reported
View all benefits
About Union Bank of India
Founded in1919 (106 yrs old)
India Employee Count50k-1 Lakh
Global Employee Count50k-1 Lakh
India HeadquartersMumbai, Maharashtra, India
Office Locations
Websiteunionbankofindia.co.in
Primary Industry
Other Industries
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Union Bank of India was established on 11th November 1919 with its headquarters in the city of Bombay now known as Mumbai.
The Head Office building of the Bank in Mumbai was inaugurated by Mahatma Gandhi, the Father of the nation in the year 1921, and he said on the occasion:
"We should have the ability to carry on a big bank, to manage efficiently crore of rupees in the course of our national activities. Though we have not many banks amongst us, it does not follow that we are not capable of efficiently managing crore and tens of crore of rupees."
His prescient words anticipated the growth of the bank that has taken place in the decades that followed.
The Bank now operates through over 4200+ branches across the country. The Bank's core values of prudent management without ignoring opportunities is reflected in the fact that the Bank has shown remarkable progress during past 99 years of its operations.
Mission: To be a customer centric organization known for its differentiated customer service
To offer a comprehensive range of products to meet all financial needs of customers
To be a top creator of shareholder wealth through focus on profitable growth
To be a young organization leveraging on technology & an experienced workforce
To be the most trusted brand, admired by all stakeholders
To be a leader in the area of Financial Inclusion
Vision: To become the bank of first choice in our chosen areas by building beneficial and lasting relationships with customers through a process of continuous improvement.
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Union Bank of India Ratings
based on 643 reviews
Overall Rating
3.9/5
How AmbitionBox ratings work?
5
320
4
151
3
85
2
36
1
51
Category Ratings
4.3
Job Security
3.7
Skill Development
3.7
Salary & Benefits
3.5
Work Satisfaction
3.5
Company Culture
3.5
Promotions/Appraisal
3.5
Work-Life Balance
Union Bank of India is rated 3.9 out of 5 stars on AmbitionBox, based on 643 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Union Bank of India
based on 587 reviews
4.2
Rated by 97 Women
Rated 4.3 for Job Security and 3.7 for Skill Development
3.9
Rated by 490 Men
Rated 4.3 for Job Security and 3.7 for Salary & Benefits
Work Policy at Union Bank of India
based on 62 reviews in last 6 months
Work from office
96%
Permanent work from home
4%
Union Bank of India Reviews
Top mentions in Union Bank of India Reviews
+ 5 more
Compare Union Bank of India with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.9/5 based on 643 reviews | 4.0/5 based on 37k reviews | 3.9/5 based on 38k reviews | 3.8/5 based on 3.7k reviews |
Highly Rated for | Job Security | Job Security Skill development Company culture | Job Security Skill development | Job Security Salary & Benefits |
Critically Rated for | No critically rated category | No critically rated category | Promotion/Appraisals | No critically rated category |
Primary Work Policy | Work from office 96% employees reported | Work from office 92% employees reported | Work from office 85% employees reported | Work from office 84% employees reported |
Rating by Women Employees | 4.2 Good rated by 97 women | 3.9 Good rated by 9.8k women | 3.7 Good rated by 7.8k women | 3.8 Good rated by 777 women |
Rating by Men Employees | 3.9 Good rated by 490 men | 4.0 Good rated by 25.5k men | 3.9 Good rated by 28.2k men | 3.8 Good rated by 2.6k men |
Job Security | 4.3 Good | 4.1 Good | 4.0 Good | 4.1 Good |
View more
Union Bank of India Salaries
3.7
rated by 643 employees for salariesChief Manager
(153 salaries)
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₹12 L/yr - ₹42 L/yr
Branch Manager
(81 salaries)
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₹6 L/yr - ₹21 L/yr
Relationship Executive
(52 salaries)
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₹1.7 L/yr - ₹3.5 L/yr
Senior Manager Credit
(50 salaries)
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₹10.9 L/yr - ₹27.5 L/yr
Credit Manager
(39 salaries)
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₹6.6 L/yr - ₹20 L/yr
Assistant General Manager
(28 salaries)
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₹15 L/yr - ₹52 L/yr
Senior Branch Manager
(27 salaries)
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₹12 L/yr - ₹25 L/yr
Marketing Manager
(25 salaries)
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₹5 L/yr - ₹15 L/yr
Senior Manager Information Technology
(24 salaries)
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₹12 L/yr - ₹25 L/yr
Branch Head
(20 salaries)
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₹9 L/yr - ₹20 L/yr
Union Bank of India Interview Questions
Interview questions by designation
Top Union Bank of India interview questions and answers
Get interview-ready with top interview questions
Interview Process at Union Bank of India
based on 14 interviews in last 1 year
Interview Experience
4.3
Good
Difficulty level
Easy
22%
Moderate
78%
People are getting interviews through
based on 24 Union Bank of India interviews
Company Website
29%
Job Portal
17%
Walkin
13%
Referral
8%
*33% candidates got the interview through other sources
High confidence
Union Bank of India News
View all
SBI Led Consortium Lends Rs 31,802 Crore To BPCL To Finance Project In Bina
- Bharat Petroleum Corporation Limited (BPCL) has executed a loan agreement of Rs 31,802 crore with a consortium of lenders led by State Bank of India (SBI) to finance projects at Bina, Madhya Pradesh.
- The funds will be used for the development and operation of a petrochemical complex and refinery expansion at Bina.
- Apart from SBI, other lenders in the consortium include Punjab National Bank, Union Bank of India, Canara Bank, Bank of India, and Export-Import Bank of India.
- The move comes after the Reserve Bank of India issued a draft circular on project finance norms, requiring lenders to set aside 5% of their standard assets or loans for covering losses during the construction phase of the project.
Bloomberg Quint | 16 Jan, 2025
Tech Query: What is the outlook for Rane Brake Lining, Colgate-Palmolive, Union Bank of India, SpiceJet?
- Rane Brake Lining: The stock is in a downtrend and could reach ₹800-₹750 in the short term. However, there is potential for a bullish reversal from this level and target prices of ₹1,350-₹1,450 or even ₹1,600 by the first half of next year.
- Colgate-Palmolive: The stock has declined sharply and may test support levels at ₹2,600 and ₹2,430. A rise to ₹3,000 is possible, but it may not be a strong rise. Consider the option of exiting the stock or keeping a stop-loss at ₹2,640.
- Union Bank of India: The stock has been on a downtrend and may fall further to ₹94 or even ₹89. However, there is potential for a long-term rally that could take it up to ₹250 over the next couple of years. Consider accumulating more at ₹98 and ₹91.
- SpiceJet: The stock is facing strong resistance at ₹75-₹80 and the chart indicates a negative bias. Immediate support is at ₹49, and a break below it could lead to a further decline towards ₹40 initially. It is recommended to exit the stock.
HinduBusinessLine | 11 Jan, 2025
Filipino Banks Partner to Launch PHPX Stablecoin on Hedera Distributed Ledger
- Philippine banks are collaborating to launch the PHPX stablecoin using Hedera's DLT technology.
- The stablecoin aims to facilitate real-time remittances and international payments.
- Participating banks include Cantilan Bank, Rural Bank of Guinobatan, Rizal Commercial Banking Corporation, and UnionBank.
- PHPX is expected to go live between May and July pending final approval from the country's central bank.
Crypto-News-Flash | 10 Jan, 2025
Philippine Banks Drive PHPX Stablecoin to Empower Filipinos Worldwide
- PHPX Stablecoin, a peso-backed stablecoin supported by Philippine banks, is set to revolutionize cross-border payments for Overseas Filipino Workers (OFWs).
- The launch of PHPX will simplify the cross-border payment framework, allowing OFWs to make real-time direct payments to their home country for essentials from any country.
- Prominent Philippine banks, including UnionBank, Rizal Commercial Banking, Cantilan Bank, and Rural Bank of Guinobatan, are supporting the PHPX stablecoin project.
- PHPX aims to enhance financial inclusion beyond remittances, with plans to expand into domestic retail and point-of-sale transactions, making financial services more accessible and efficient for Filipinos.
Coinpedia | 10 Jan, 2025
Homai Ardeshir Daruwalla Joins GPS Renewables as Independent Director
- Homai Ardeshir Daruwalla, former Chairman and Managing Director of Central Bank of India, has joined GPS Renewables as an Independent Director.
- Daruwalla also serves as an independent director at Vizag Seaport Pvt Ltd., Reliance Financial Ltd., and Reliance Securities Ltd.
- She has held key positions in various companies including Central Bank of India, Oriental Bank of Commerce Ltd., and Union Bank of India.
- GPS Renewables is a biofuels company based in Bengaluru, known for its work in the bioenergy sector, and recently launched a subsidiary named GPSR Arya Pvt Ltd to manage BOO projects.
VIE Stories | 7 Jan, 2025
Markets open higher after Monday’s sharp fall; ONGC leads gains
- The Nifty opened higher at 23,679.90 compared to its previous close of 23,616.05 and is now at 23,671.55, up by 55.50 points or 0.24 per cent as of 9.50 AM.
- ONGC emerged as the top gainer on the NSE, surging 3.13 per cent, followed by Titan (+2.15 per cent), Tata Consumer Products (+1.50 per cent), Adani Enterprises (+1.32 per cent), and Britannia (+1.23 per cent).
- On the flip side, Apollo Hospitals led the losses, declining 0.98 per cent, followed by TCS (-0.79 per cent), Bajaj Auto (-0.59 per cent), Wipro (-0.58 per cent), and HCL Tech (-0.52 per cent).
- Banking stocks faced significant pressure on Monday, with HDFC Bank dropping 2.21 per cent, Union Bank plunging 7.5 per cent, Punjab National Bank falling 4.38 per cent, and Bank of Baroda declining 5.66 per cent.
HinduBusinessLine | 7 Jan, 2025
PC Jeweller plans on debt conversion, board resolutions
- PC Jeweller Limited plans to issue 5.17 crore equity shares to its consortium lenders through a preferential allotment.
- The issuance, priced at ₹292 per share, is part of a settlement agreement with lenders, aimed at converting outstanding debt into equity.
- Lenders like State Bank of India and Union Bank of India are among the key recipients of these shares, classified as non-promoter public category.
- The company has also proposed the reappointment of Ramesh Kumar Sharma as Whole-Time Director for another three years.
HinduBusinessLine | 16 Dec, 2024
Public sector banks eye common online platform for giving loans to start-ups
- The Finance Ministry has proposed the establishment of a common start-up hub portal for State-owned banks.
- The portal will allow start-ups to upload loan applications, track their status, and choose the best lender.
- State Bank of India, Bank of Baroda, Canara Bank, and Union Bank of India are among the banks examining the digital lending platform.
- The government aims to support entrepreneurship and create a robust start-up ecosystem in India.
HinduBusinessLine | 15 Dec, 2024
Public Sector Banks Write Off Rs 42,000 Crore In Loans In First Half Of Current Fiscal
- Public sector banks in India have written off loans worth Rs 42,000 crore in the first half of the current fiscal year.
- State Bank of India, Punjab National Bank, Union Bank of India, and Bank of Baroda are among the banks that have written off significant amounts.
- However, loan write-offs do not waive the liabilities of borrowers, and they are still liable for repayment.
- During the same period, recovery of Rs 37,253 crore was made by public sector banks.
Bloomberg Quint | 10 Dec, 2024
Inflation likely to ease to 5.4% in November on decline in vegetable prices: Union Bank
- Inflation likely to ease to 5.4% in November on decline in vegetable prices: Union Bank
- Vegetable prices, a major contributor to CPI spike in October, showed a substantial decline in November.
- Overall food inflation projected to have cooled to around 8% compared to 9.7% in October.
- Inflation in other food segments showed mixed trends, with edible oil prices rising and inflation in meat and fish increasing.
HinduBusinessLine | 7 Dec, 2024
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Union Bank of India FAQs
When was Union Bank of India founded?
Union Bank of India was founded in 1919. The company has been operating for 106 years primarily in the Banking sector.
Where is the Union Bank of India headquarters located?
Union Bank of India is headquartered in Mumbai, Maharashtra and has an office in Mumbai
How many employees does Union Bank of India have in India?
Union Bank of India currently has more than 75,000+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in Union Bank of India based on the number of reviews submitted on AmbitionBox.
Does Union Bank of India have good work-life balance?
Union Bank of India has a Work-Life Balance Rating of 3.5 out of 5 based on 600+ employee reviews on AmbitionBox. 73% employees rated Union Bank of India 4 or above, while 27% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Union Bank of India work-life balance reviews for more details
Is Union Bank of India good for career growth?
Career growth at Union Bank of India is rated fairly well, with a promotions and appraisal rating of 3.5. 73% employees rated Union Bank of India 4 or above, while 27% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading Union Bank of India promotions/appraisals reviews for more detailed insights.
What are the pros of working in Union Bank of India?
Working at Union Bank of India offers several advantages that make it an appealing place for employees. The company is highly rated for job security, based on 600+ employee reviews on AmbitionBox.
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