Union Bank of India

General Overview

Union Bank of India (UBI) was registered on 11 November 1919 as a limited

company in Mumbai and was inaugurated by Mahatma Gandhi. At the time of India's
Independence in 1947, UBI only had four branches – three in Mumbai and one in
Saurashtra, all concentrated in key trade centres. After Independence UBI
accelerated its growth and by the time the government nationalized it in 1969, it had
grown to 240 branches in 28 states. Shortly after nationalization, UBI merged in
Belgaum Bank, a private sector bank established in 1930 that had itself merged in a
bank in 1964, the Shri Jadeya Shankarling Bank. Then in 1985 UBI merged in Miraj
State Bank, which had been established in 1929. In 1999 the Reserve Bank of India
requested that UBI acquire Sikkim Bank in a rescue after extensive irregularities had
been discovered at the non–scheduled bank. Sikkim Bank had eight branches
located in the North–east, which was attractive to UBI.
UBI began its international expansion in 2007 with the opening of representative
offices in Abu Dhabi, United Arab Emirates, and Shanghai, Peoples Republic of
China. The next year, UBI established a branch in Hong Kong, its first branch
outside India. In 2009, UBI opened a representative office in Sydney, Australia.

Shareholding pattern of Union Bank of India

No Of Shares 6834747466 100%

Promoters 5706660850 83.49%

Foreign Institutions 102103147 1.49%

NBanks Mutual Funds 73281128 1.07%

Central Govt 15665 0%

Others 86595117 1.27%

General Public 480263090 7.03%

Financial Institutions 385828469 5.65%

Management of the company

Abhijit Basak General Manager

Arun Kumar Singh Nominee Director

Ashok Chandra Chief General Manager

B Srinivasa Setty General Manager

Binod Kumar Patt General Manager

D Sunder General Manager

Dinesh Kumar Garg Executive Director

G Rajkiran Rai Managing Director & CEO

Gopal Singh Gusain Executive Director

Jayadev Madugula Shareholder Director

K Bhaskara Rao Chief General Manager

K Kadiresan Shareholder Director

M Venkatesh General Manager

Madnesh Kumar Mishra Government Nominee Director

Manas Ranjan Biswal Executive Director

Mangesh Mandrekar Co. Secretary & Compl. Officer

Nitesh Ranjan Executive Director

Prafulla Kumar Samal Chief Financial Officer

Pramod Kumar Gupta General Manager

Pramod Kumar Soni General Manager

Pravin Sharma General Manager

S Annapurna General Manager

S K Mohapatra Chief General Manager

S Narayanan Chief General Manager

Shailesh Kumar Singh General Manager

Sudarshana Bhat General Manager

Sumit Srivastava General Manager

Umesh Kumar Singh Chief Vigilance Officer

Uttam Kumar Sarkar Shareholder Director

V Venkateswara Rao Chief General Manager

SWOT Analysis for Union Bank of India

SWOT analysis of Union Bank of India analyses the brand by its strengths,
weaknesses, opportunities & threats. In Union Bank of India SWOT Analysis, the
strengths and weaknesses are the internal factors whereas opportunities and threats
are the external factors.
SWOT Analysis is a proven management framework which enables a brand like
Union Bank of India to benchmark its business & performance as compared to the
competitors. Union Bank of India is one of the leading brands in the banking &
financial services sector.
Union Bank of India Strengths
Below are the Strengths in the SWOT Analysis of Union Bank of India:
1.Financial products for agricultural sector
2.Products aligned to Government schemes
3.Emphasis on Customer Satisfaction
4.Union bank of India has over 27,700 employees
5.It has representative offices in Abu Dhabi, United Arab Emirates, and Shanghai,
Peoples Republic of China, Australia and a branch in Hong Kong.
6.Online Telebanking facility are available to all its Core Banking Customers -
individual as well as corporate
Union Bank of India Weaknesses

Here are the weaknesses in the Union Bank of India SWOT Analysis:
1.  Nominal  International presence as compared to leading players
2.  Advertising is lesser which leads to lower brand presence
Union Bank of India Opportunities

Following are the Opportunities in Union Bank of India SWOT Analysis:

1.Small scale business banking

2.  More global penetration through International banking
3. Acquisition of smaller local banks

Union Bank of India Threats

The threats in the SWOT Analysis of Union Bank of India are as mentioned:
1.  Economic crisis
2.  Highly competitive environment
3. Stringent Banking Norms

Union Bank of India Competitors

Below are the top 3 competitors of Union Bank of India:

1.  Indian bank
2.  Corporation Bank
3.  Dena bank
Conclusion
To sum up, UBI has a huge mass of incredibly innovative services providing enough
options. The company has the advantage of the brand trust of thousands in India. It
has been updated with technology although not the most advanced but not behind
as well; however, UBI should start focusing on creative advertisement to attract more
inventors in India as well as internationally.