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Union Bank of India was established on 11 November 1919 in Bombay (now Mumbai) by Seth Sitaram Poddar. [1] The bank's corporate office was inaugurated by Mahatma Gandhi . At the time of India's independence in 1947, the bank had four branches – three in Mumbai and one in Saurashtra in trade centres. [ 9 ]
Corporation Bank [2] was a public-sector banking company headquartered in Mangalore, India. The bank had a pan-Indian presence. The bank had a pan-Indian presence. Presently, the bank has a network of 2,432 fully automated CBS branches, 3,040 ATMs , and 4,724 branchless banking units across the country. [ 3 ]
Immediate Payment Service is managed by the National Payments Corporation of India (NPCI) and is built upon the existing National Financial Switch network. In 2010, the NPCI initially carried out a pilot for the mobile payment system with 4 member banks (State Bank of India, Bank of India, Union Bank of India and ICICI Bank), and expanded it to include Yes Bank, Axis Bank and HDFC Bank later ...
African Banking Corporation Ltd (ABC Bank) Bank of Africa Kenya Ltd, part of Bank of Africa Group; Bank of Baroda (Kenya) Ltd, part of Bank of Baroda Group; Bank of India, part of Bank of India Group; Citibank N.A. Kenya, part of Citigroup; Commercial International Bank Kenya Ltd (CIB), part of CIB Group; Consolidated Bank of Kenya Ltd, state-owned
On 30 August 2019, Finance Minister announced that Andhra Bank and Corporation Bank would be merged into Union Bank of India. The proposal would make Union Bank of India the fifth largest PSB with assets of ₹ 14.59 lakh crore (US$170 billion) and 9,609 branches. [63] [54] The Board of Directors of Andhra Bank approved the merger on 13 September.
Corporation Bank was founded on 12 March 1906 in Udupi, with ₹5,000 capital. [1] After the banking history of 113 years, on 1 April 2020 Corporation Bank merged with Union Bank of India . [ 2 ]
UCO Bank, formerly United Commercial Bank, is an Indian public sector bank, and financial services government owned body headquartered in Kolkata. [3] It is a medium sized public sector bank in India and ranked 1948 in Forbes Global 2000 list of year 2018 & ranked 80 on the Fortune India 500 list in 2020. [4]
UBUK provides a comprehensive range of banking services to customers doing business with Nigeria and other West African countries, including trade finance, personal banking, business banking, treasury services, commercial lending and private banking. Its parent, the Union Bank of India has a history dating back to 1917, when it first opened its ...