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Union Bank of India
3.9
based on 669 Reviews
Video summary
Company Overview
Company Locations
Working at Union Bank of India
Company Summary
Union Bank of India, founded in 1919, is a major financial institution in India, managing extensive banking operations across the nation.
Overall Rating
3.9/5
based on 669 reviews
3% above
industry average
Highly rated for
Job security
Work Policy
Work from office
91% employees reported
Monday to Saturday
48% employees reported
Strict timing
66% employees reported
Within city
37% 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 669 reviews
Overall Rating
3.9/5
How AmbitionBox ratings work?
5
332
4
155
3
89
2
36
1
57
Category Ratings
4.2
Job security
3.7
Salary
3.6
Skill development
3.5
Promotions
3.5
Work satisfaction
3.4
Company culture
3.4
Work-life balance
Union Bank of India is rated 3.9 out of 5 stars on AmbitionBox, based on 669 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 613 reviews
4.1
Rated by 103 Women
Rated 4.2 for Job security and 3.7 for Skill development
3.8
Rated by 510 Men
Rated 4.2 for Job security and 3.7 for Salary
Work Policy at Union Bank of India
based on 77 reviews in last 6 months
Work from office
91%
Permanent work from home
6%
Hybrid
3%
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 669 reviews | 4.0/5 based on 38.3k reviews | 3.9/5 based on 39.8k reviews | 3.8/5 based on 3.9k reviews |
Highly Rated for | Job security | Job security Skill development Company culture | Job security Skill development | Job security Salary |
Critically Rated for | No critically rated category | No critically rated category | Promotions | No critically rated category |
Primary Work Policy | Work from office 91% employees reported | Work from office 91% employees reported | Work from office 84% employees reported | Work from office 82% employees reported |
Rating by Women Employees | 4.1 Good rated by 103 women | 3.9 Good rated by 10.1k women | 3.7 Good rated by 8.3k women | 3.8 Good rated by 828 women |
Rating by Men Employees | 3.8 Good rated by 510 men | 4.0 Good rated by 26.4k men | 3.9 Good rated by 29.5k men | 3.8 Good rated by 2.7k men |
Job security | 4.2 Good | 4.1 Good | 4.0 Good | 4.1 Good |
View more
Union Bank of India Salaries
Union Bank of India salaries have received with an average score of 3.7 out of 5 by 669 employees.
Chief Manager
(154 salaries)
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₹12 L/yr - ₹42 L/yr
Branch Manager
(99 salaries)
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₹6 L/yr - ₹24 L/yr
Relationship Executive
(52 salaries)
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₹1.7 L/yr - ₹3.9 L/yr
Senior Manager Credit
(48 salaries)
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₹11 L/yr - ₹28.5 L/yr
Credit Manager
(39 salaries)
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₹6.6 L/yr - ₹20 L/yr
Assistant General Manager
(29 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
(26 salaries)
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₹5.4 L/yr - ₹15 L/yr
Senior Manager Information Technology
(22 salaries)
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₹12 L/yr - ₹25 L/yr
Chief Manager Credit
(22 salaries)
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₹18 L/yr - ₹35 L/yr
Union Bank of India Interview Questions
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Union Bank of India News
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UnionBank looks to raise funds via local, foreign markets
- UnionBank of the Philippines is planning to raise fresh funds via domestic and offshore markets.
- The bank's board of directors approved the issuance of $800 million in papers and P30 billion in bonds.
- The bank's euro medium-term note (MTN) program has an unissued balance of $1.2 billion.
- UnionBank will also infuse an additional P1.2 billion in capital into its digital banking arm, UnionDigital Bank, to support its ongoing business operations and growth.
Bworldonline | 4 Mar, 2025
Union Bank of India holds outreach camp for MSMEs at Hoskote
- The Union Bank of India organized a Mega MSME Outreach Campaign in Hoskote.
- The camp aimed to promote entrepreneurship and provide support to Micro, Small and Medium Enterprises.
- During the event, collateral-free loans were sanctioned for 351 accounts, amounting to ₹476.00 crore.
- Managing Director & CEO of Union Bank of India A Manimekhalai inaugurated the Mega MSME Outreach Camp.
HinduBusinessLine | 3 Mar, 2025
Bombay High Court Irked By Copy-Paste Bank Orders Declaring Accounts Fraud, Asks Anil Ambani To Approach RBI
- The Bombay High Court expressed concerns over the 'cut, copy, paste manner' in which banks declare accounts as 'fraud' or 'defaulter'.
- The court asked Anil Ambani to approach the Reserve Bank of India (RBI) against an order by the Union Bank of India declaring his loan account as 'fraud'.
- The court emphasized the need for proper application of mind and mechanisms to prevent such casual orders that involve public money.
- The court directed the Union Bank of India to respond to Ambani's petition and scheduled the next hearing for March 13.
Bloomberg Quint | 28 Feb, 2025
'Buy' Union Bank of India Shares To Get An Upside Of 15% Says Motilal Oswal — Here's Why
- Motilal Oswal is positive on Union Bank of India, predicting a 15% upside in its shares.
- Union Bank of India's asset quality has been improving with a decline in NPA ratios and effective containment of slippages.
- The bank ranks second-best in terms of recoveries in the industry.
- Union Bank of India maintains its recovery guidance of ~Rs 160 billion in FY25.
Bloomberg Quint | 25 Feb, 2025
Nifty Rejig: Jio Financial, Zomato Join Benchmark Index As BPCL And Britannia Exit
- Jio Financial Services Ltd. and Zomato Ltd. have been added to NSE Nifty 50 index.
- Bharat Petroleum Corp. and Britannia Industries have been excluded from the index.
- Other companies added to Nifty indices include Bajaj Housing Finance, Swiggy, Indian Hotels, Hyundai Motor India, and CG Power and Industrial Solutions.
- Exclusions from Nifty indices include Bharat Heavy Electricals, Indian Railway Catering and Tourism Corporation, Adani Total Gas, NHPC, and Union Bank of India.
Bloomberg Quint | 21 Feb, 2025
Stocks To Buy Today: Tata Steel, Bharat Electronics, Larsen & Toubro, Union Bank Of India, BHEL
- Analysts have advised investors to buy Tata Steel Ltd., Bharat Electronics Ltd., Larsen & Toubro Ltd., Union Bank of India, and Bharat Heavy Electricals Ltd.
- Osho Krishan recommends buying Tata Steel stock at Rs 134, with a target of Rs 142 and a stop loss of Rs 130.
- Rajesh Palviya suggests buying Union Bank Of India stock at Rs 114, with a target of Rs 111 and a stop loss of Rs 119.
- Sarvendra Srivastava recommends purchasing Bharat Electronics stock at Rs 253, with a target of Rs 268 and a stop loss of Rs 244.8.
Bloomberg Quint | 20 Feb, 2025
Floating rate retail loans get cheaper
- Banks including State Bank of India, Punjab National Bank, Bank of Baroda, Union Bank of India, and Bank of India have reduced their external benchmark lending rates (EBLRs) by the same percentage as the repo rate cut.
- This reduction in lending rates could lead to a decrease in equated monthly installment (EMI) for borrowers and is expected to incite fierce competition among banks to attract business.
- For example, SBI has lowered its EBLR and its Repo Linked Lending Rate (RLLR) from their previous values to new, lower rates.
- While transmission of the repo rate cut to lending rates is smooth, deposit rates are not expected to change due to liquidity constraints and increased yields on corporate bonds.
HinduBusinessLine | 17 Feb, 2025
Zodiac Energy Share Price Target 2025, 2026 to 2030
- Zodiac Energy Ltd is an Indian-based company that specializes in renewable energy solutions.
- As of February 1, 2025, its share price is 431.60 INR.
- The company achieved all its target prices within the given period.
- The share price target for Zodiac Energy Ltd in 2025 is projected to reach 370 INR by December.
- Zodiac Energy Share Price target for 2026 is projected to reach 423 INR by December.
- Expected dates, prices and percentile analysis is mentioned in the article for years 2025, 2026, 2027, 2028, 2029 and 2030.
- The company has been performing very well and its stock exchanges have grown rapidly in a short time.
- The shareholders of the company are Promoters i.e 72.87% and retail and others i.e 27.13%.
- Stock market predictions are unpredictable and can change, so expert advice is strongly recommended before investing.
- The article mentions share price targets of other Indian companies including: Waaree Energies, Suzlon, Paytm, Union Bank, and more.
VIE Stories | 5 Feb, 2025
UnionBank net income climbs by 31% in 2024
- UnionBank of the Philippines reported a 31% increase in net income in 2024 compared to the previous year.
- Net income rose to P12.03 billion from P9.205 billion.
- The bank attributed the growth to the strength of its consumer business, improved margins, and higher revenues.
- UnionBank's net interest income and other income also experienced growth in 2024.
Bworldonline | 4 Feb, 2025
Canara Bank Share Price Target 2025, 2027, 2030, 2040
- Canara Bank, a listed banking company, is performing well on the stock exchanges with increasing demand for its shares. Its core field services are adding up to its profits, earnings, and revenues. The share prices are expected to grow throughout the years 2025 to 2030, according to various forecasts. Canara Bank's share price target is projected to be around 652.86 INR for 2025.
- The company's share price target for 2026 with month-wise projections is 704.68 INR, while for 2027, it is predicted to be around 751 INR. The projected share price target for 2028 is 808.3 INR, and for 2029, it's expected to stay around 860 INR. The share price target for 2030 is projected to be 918 INR, with minor fluctuations throughout.
- Canara Bank's shareholding pattern shows 62.93 percent held by Promoters, 12.75 percent by Retail and others, 11.21 percent by Foreign institutions, 7.89 percent by Other domestic institutions, and 5.21 percent by Mutual Funds.
- The competitors of Canara Bank include Union Bank of India, State Bank of India, HDFC Bank, ICICI Bank, and Bank of Baroda.
- However, stock market predictions are unpredictable, and these values are based on predictions and may not be accurate. Expert advice is strongly recommended before investing. The article also provides share price targets for other companies such as PNB, Yes Bank, Paytm, and BPCL, among others.
VIE Stories | 3 Feb, 2025
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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 3.4 out of 5 based on 600+ employee reviews on AmbitionBox. 27% employees rated Union Bank of India 3 or below, while 73% employees rated it 4 or above for work-life balance. This rating suggests that while some employees recognize efforts towards work-life balance, there is scope for improvement based on employee 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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