Question

union bank of India information

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Answer 1

Answer:

Union Bank of India (UBI; BSE: 532477) is one of the largest government-owned banks of India; the government owns over 90% of its share capital. It is listed on the Forbes 2000, and has assets of US$13.45 billion. UBI has around 4,300 branches. Four of these are overseas in Hong Kong, Dubai, Antwerp, and Sydney. UBI also has representative offices at Shanghai, Beijing and Abu Dhabi. Lastly, UBI operates in the United Kingdom through its wholly owned subsidiary, Union Bank of India (UK).Union Bank of India will be the anchor bank for both Andhra bank and corporation bank. Mergers are expected to commence on 1st April 2020 as announced by FM Nirmala seetharaman .

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