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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 ]
The central government has introduced a new online service called "Know Your PAN", [3] to for knowing your PAN number, verify your PAN [4] for new and existing PAN numbers. [ 5 ] Failure to comply with the provisions of Section 139A of Income Tax Act, a penalty of ₹10,000/- for each default is payable u/s.272B to the assessing officer.
Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) is a central online security interest registry of India.It was primarily created to check frauds in lending against equitable mortgages, in which people would take multiple loans on the same asset from different banks.
The Union Government claimed that this linking will be voluntary, but the bill passed in the parliament contradicts the claim. [256] The rules issued by the Union Government mention that the only "sufficient cause" for a person to not link their Aadhaar Card with the Voter ID Card is if the person does not have one.
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 ] In 2019, finance minister Nirmala Sitharaman announced that Corporation Bank and Andhra Bank would be merged into the Union Bank of India , with all their branches ...
A large number of people remain without identity documents - poor people especially. In order to include them, identity requirements for Aadhaar have been reduced, however biometric facilities have been provided to reduce or eliminated duplication, so while it may be possible to obtain the card under a false name, it is less likely to be able to obtain another Aadhaar card under a different ...
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Union Bank of California, now named MUFG Union Bank; Union Bank of Halifax, Nova Scotia; Union Bank of Hong Kong, now named Industrial and Commercial Bank of China (Asia) Union Bank of India; Union Bank of Israel; Union Bank (Jordan), a bank in the Arab world; Union Bank of London, later National Provincial Bank; Union Bank (Morrisville, Vermont)