Union Bank of India Limited is a banking company based in India, offering a wide range of products and services to its customers. The company operates through three main segments: Treasury Operations, Corporate and Wholesale Banking, and Other Banking Operations.
In terms of products, the company categorizes them into personal, corporate loans, and international services. For personal banking, the company offers various products such as accounts and deposits, loans, wealth management, financial schemes, and lockers/other services. The loans offered include retail, micro, small and medium enterprises (MSME) loans.
The company’s corporate loans cater to the needs of businesses and include trade finance, working capital, line of credit, project financing, and channel finance. These services are designed to support businesses in their growth and development.
Union Bank of India also offers international services, including non-resident Indian (NRI) services, internet banking, international debit/credit cards, home loans, special deposit schemes, and an online donation facility. These services are designed to cater to the needs of NRIs and individuals who require international banking services.
In addition to its traditional banking services, the company also offers digital services to make banking more convenient and accessible. These digital services include app banking, internet banking, automated teller machine (ATM) banking, self-service banking, and immediate payment service (IMPS). The company also provides foreign currency loans to its customers.
Overall, Union Bank of India Limited aims to provide a comprehensive range of banking products and services to its customers, both in India and internationally. With its wide range of services, the company seeks to meet the diverse needs of its customers, from personal banking to corporate banking and international services. The company’s digital services are also designed to make banking more convenient and accessible, reflecting the company’s commitment to innovation and customer satisfaction.