Union Bank is a Public Sector Unit with 55.43% Share Capital held by the Government of India. The Bank came out with its Initial Public Offer (IPO) in August 20, 2002 and Follow on Public Offer in February 2006. Presently 44.57 % of Share Capital is presently held by Institutions, Individuals and Others.
The bank was flagged off by none other than Mahatma Gandhi 88 years ago. The bank is committed to the words the Father of our Nation spoke during its inception, “We should have the ability to carry on a big bank, to manage efficiently crores 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 crores and tens of crores of rupees.”
The various loans offered by the bank are Union Home & Union TopUp, both Home Loans, Union Miles- a Car Loans and Union Mortgage.
Check out lowest interest rates on Union Bank of India Home loans
Check out lowest interest rates on Union Bank of India Personal loans
Check out lowest interest rates on Union Bank of India Car loans
Check out lowest interest rates on Union Bank of India Credit cards
