Tag: Union Bank of India

Business

Union Bank of India launches Premier Branches in Rural and Semi-Urban Markets

Jun 29, 2024 by Sujata Muguda 0 Comments #A New Era in Premium Services, #Mumbai, #Premier Branches in Rural and Semi-Urban Markets., #RUSU markets, #Union Bank of India, #Union Bank of India launches Premier Branches

Mumbai 29th June 2024: Union Bank of India has announced the launch of its new Union Premier branches at an event held in Mumbai.

Union Premier is an exclusive branch banking experience for Union Bank’s esteemed customers in rural and semi-urban (RUSU) markets. Designed to provide personalized banking services, these branches will offer a wide range of products and services under one roof for high-value customers in RUSU markets.

A New Era in Premium Services

Union Premier branches are set to redefine banking standards by offering a range of exclusive services for rural and semi-urban (RUSU) customers that emphasize convenience, and luxury. The initiative aims to enhance customer satisfaction with dedicated attention, ambient branches and high-quality service.

Key Features of Union Premier Branches

  • Dedicated Personal Relationship Manager: Each Union Premier customer will have access to a personal Relationship Manager to address all their banking needs.
  • State-of-the-Art Digital Banking Solutions: Union Premier branches are equipped with the latest digital technologies, ensuring seamless and efficient banking.
  • Best-in-class Customer Experience: Customers will enjoy quick services with minimal turn-around-time, making their banking experience swift and hassle-free.
  • Modern and Ambient Branches: Premier branches will offer a serene and luxurious banking experience keeping in mind customer needs and preferences.

Commitment to Excellence

Speaking at the launch, A. Manimekhalai, Managing Director and CEO of Union Bank of India, said, “The launch of Union Premier branches is a testament to our continuous efforts to provide superior banking experiences to all our valued customers. We are dedicated to ensuring that all our RUSU clients receive the best services and enjoy a banking experience that is both world-class and efficient.”

Business

Union Bank of India secures 2nd Rank in EASE reforms

Jan 12, 2024 by Sujata Muguda 0 Comments #Union Bank of India

New Delhi – January 12th, 2024: Union Bank of India is ranked 2nd for Q2 FY 2023-24 in EASE Reforms Index for adopting reforms prescribed for Public Sector Banks by Indian Banks’ Association (IBA).

Union Bank of India has been excelling in areas related to enabling various digital and digitally assisted journeys for customer convenience, delivering excellence in customer service with digital enablement, leveraging analytics capabilities for personalized offerings & developing people and enhancing HR operations.

The performance of PSBs is measured on 4 Themes under EASE 6.0, in which, Union Bank of India is declared as the Best Bank under the theme “Developing People and Enhancing HR Operations” and 2nd runner up under the theme “Delivering Excellence in Customer Service with Digital Enablement”.

Enhanced Access & Service Excellence (EASE) is an initiative by the DFS (GOI) as part of the PSB Reforms Agenda and is currently under its sixth iteration which focuses on “Customer-friendly banking enabled by modern capabilities”.

Business, Health, News

Union Bank of India conducts e-RUPI (Prepaid e-Voucher) module Vaccination Drive Under CSR initiative

Aug 10, 2021 by Rekha Nair 0 Comments #Union Bank of India

Hyderabad: Union Bank of India, a leading Public Sector Bank, today conducted Vaccination Drive at Thane Region through e-RUPI (Prepaid Voucher) module, an innovative digital solution recently introduced by National Payment Corporation of India (NPCI) and launched by the honorable Prime Minister Shri Narendra Modi.

Union Bank Social Foundation Trust (UBSFT), an extended arm of Union Bank of India which has been in the forefront for carrying out this activity in Thane Region as part of its CSR activities with a aim to provide seamless one-time payment mechanism whereby the Voucher can be redeemed without a Card, Digital Payment App or Internet Banking access.

This e-RUPI is shared with the beneficiaries for a specific purpose i.e. in this case for COVID 19 Vaccination, via SMS or QR code. The major benefits of e-RUPI are:

-End to end digital transaction leading to cost reduction.

-Voucher redemption can be tracked by the issuer.

-Quick, safe and contactless voucher distribution.

-Quick redemption process.

-Lesser decline due to pre-blocked amount.

-No digital or Bank presence required.

At the function held at Bank’s Regional Office premises in Thane today, around 50 beneficiaries were provided with e-RUPI Voucher and vaccinated accordingly.

The dignitaries present on the occasion were Shri Venkatesh M, Managing Trustee, UBSFT, Shri Vivek Kamath, Chief Executive, UBSFT, Shri Rajiv Mishra, Field Genral Manager, Mumbai and Ms Renu Nair, Regional Head, Mumbai (North).

Business World, News

Union Bank of India enters MOU with NSIC

Jun 25, 2021 by Rekha Nair 0 Comments #FGM-Delhi, #NSIC, #Shri P K Das, #Shri P R Kumar CGM, #Union Bank of India

New Delhi– Union Bank of India has entered into MOU with The National Small Industries Corporation Ltd (NSIC) under “NSIC Bank Credit Facilitation Scheme” to support MSMEs with credit requirements.

Under the arrangement the MSME Unit can approach directly to any of NSIC branch offices which are also operating as Finance Facilitation Centre (FFC) and submit their request for loan requirement from Union Bank of India. The official sitting at the NSIC Branch will provide hand holding support to the MSME unit by assisting them in completing all documentation as required for further submission to the Bank. These documents are to be provided by the MSME unit based on the checklist of the Bank. No fee is charged from the MSME unit for applying for loan under this scheme.

The agreement was signed by Shri P K Das, FGM-Delhi on behalf of Union Bank of India and Shri P R Kumar CGM, NSIC.

Business World

Union Bank of India honored with ET Best Places to Work for Women 2021

May 5, 2021 by Neel Achary 0 Comments #ET Best Places to Work for Women 2021 powered by Femina, #Union Bank of India

Hyderabad/ Mumbai, 4th May 2021: Union Bank of India bagged the ‘ET Best Places to Work for Women 2021 powered by Femina’ Award. The recognition was conferred by ET Edge, an initiative of India’s largest media house – The Times Group.

The recognition is received for providing a conducive environment for women employees at the bank and setting a benchmark for diversity & inclusion in Corporate India.

The award is a testament to Union Bank of India’s vision to truly value each employee’s uniqueness and encourage team members to bring their authentic selves to work and encouraging inclusive work culture.

This recognition is felicitated to 25 best companies that are shortlisted after thorough qualification criteria like working hours flexibility, remote working, representation of women in all hierarchy levels, etc.

Union Bank of India has a 28.42% women workforce validating its vision of inclusivity and diversity in the workplace.

Business World

Vigilance Awareness Week at Union Bank Of India

Oct 28, 2020 by Gouri Achary 0 Comments #Prosperous India, #Union Bank of India, #Vigilance Awareness Week, #Vigilant India

Union Bank of India is observing Vigilance Awareness Week from 27th October to 2nd November on the theme, “Vigilant India, Prosperous India” envisaged by the Central Vigilance Commission.

Various programmes/webinars are scheduled by the Bank for creating awareness among youth, employees, their family members, BCs and the public at large, mostly through online channels.

Extensive use of social media is also being made for wider dissemination of the theme. Across nation Vigilance, Awareness Week will be observed at Branches and offices of Union Bank of India.

Today at Central Office of Union Bank of India, Shri Rajkiran Rai G, Managing Director & CEO administered Integrity Pledge to all the Senior Executives of the Bank through digital mode. On this occasion an e-learning certificate course on Preventive Vigilance was also inaugurated by the MD & CEO.

Business World

Union Bank of India wins The Internet Entrepreneur Awards

Oct 16, 2020 by Gouri Achary 0 Comments #Enterprises for a Tech Future - LEARN TECH Awards, #Shri Manas Ranjan Biswal, #The Internet Entrepreneur Award, #Union Bank of India

Union Bank of India bagged the Internet Entrepreneur Awards (For Building Enterprises for a Tech Future – LEARN TECH Awards). This Award was conferred by The Future of Tech Congress & Awards and World Education Congress at a virtual award ceremony held today. Union Bank of India has won this award in the category of “The Best Digital Transformation of a Training Program in response to COVID 19”.

The Award was received by Shri Manas Ranjan Biswal, Executive Director, Union Bank of India. Accepting the award, Shri Biswal stated that, this award is a testimony of the agility and resilience of the training system to keep the learning process continuing across the Bank in the most turbulent times. Union Bank of India is adapting to technology in learning with great passion and perseverance and this is going to scale further new heights in days to come.