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Union Bank of India
3.8
based on 727 Reviews
Video summary
Company Overview
Company Locations
Working at Union Bank of India
Company Summary
Union Bank of India, founded in 1919, is a major financial institution in India, managing extensive banking operations across the nation.
Overall Rating
3.8/5
based on 727 reviews
On-Par with
industry average
Highly rated for
Job security
Work Policy
Work from office
86% employees reported
Monday to Saturday
47% employees reported
Strict timing
66% employees reported
Within city
36% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
46 employees reported
Health insurance
37 employees reported
Professional degree assistance
19 employees reported
Office cab/shuttle
19 employees reported
View all benefits
About Union Bank of India
Founded in1919 (106 yrs old)
India Employee Count50k-1 Lakh
Global Employee Count50k-1 Lakh
India HeadquartersMumbai, Maharashtra, India
Office Locations
Websiteunionbankofindia.co.in
Primary Industry
Other Industries
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Union Bank of India was established on 11th November 1919 with its headquarters in the city of Bombay now known as Mumbai.
The Head Office building of the Bank in Mumbai was inaugurated by Mahatma Gandhi, the Father of the nation in the year 1921, and he said on the occasion:
"We should have the ability to carry on a big bank, to manage efficiently crore 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 crore and tens of crore of rupees."
His prescient words anticipated the growth of the bank that has taken place in the decades that followed.
The Bank now operates through over 4200+ branches across the country. The Bank's core values of prudent management without ignoring opportunities is reflected in the fact that the Bank has shown remarkable progress during past 99 years of its operations.
Mission: To be a customer centric organization known for its differentiated customer service
To offer a comprehensive range of products to meet all financial needs of customers
To be a top creator of shareholder wealth through focus on profitable growth
To be a young organization leveraging on technology & an experienced workforce
To be the most trusted brand, admired by all stakeholders
To be a leader in the area of Financial Inclusion
Vision: To become the bank of first choice in our chosen areas by building beneficial and lasting relationships with customers through a process of continuous improvement.
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Union Bank of India Ratings
based on 727 reviews
Overall Rating
3.8/5
How AmbitionBox ratings work?
5
358
4
162
3
101
2
42
1
64
Category Ratings
4.2
Job security
3.7
Salary
3.6
Skill development
3.5
Work-life balance
3.5
Work satisfaction
3.4
Company culture
3.4
Promotions
Union Bank of India is rated 3.8 out of 5 stars on AmbitionBox, based on 727 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Union Bank of India
based on 671 reviews
3.9
Rated by 120 Women
Rated 4.3 for Job security and 3.5 for Salary
3.8
Rated by 551 Men
Rated 4.2 for Job security and 3.7 for Salary
Work Policy at Union Bank of India
based on 88 reviews in last 6 months
Work from office
86%
Hybrid
10%
Permanent work from home
4%
Union Bank of India Reviews
Top mentions in Union Bank of India Reviews
+ 5 more
Compare Union Bank of India with Similar Companies
 |  Change Company |  Change Company |  Change Company | |
|---|---|---|---|---|
Overall Rating | 3.8/5 based on 727 reviews | 4.0/5 based on 42.2k reviews | 3.9/5 based on 43.9k reviews | 3.7/5 based on 28.5k reviews  |
Highly Rated for | Job security | Job security Skill development Work-life balance | Job security Skill development |  No highly rated category |
Critically Rated for |  No critically rated category | No critically rated category | Promotions | Promotions |
Primary Work Policy | Work from office 86% employees reported | Work from office 91% employees reported | Work from office 84% employees reported | Work from office 79% employees reported |
Rating by Women Employees | 3.9 Good rated by 120 women | 3.9 Good rated by 11.2k women | 3.7 Good rated by 9.4k women | 3.6 Good rated by 6.2k women |
Rating by Men Employees | 3.8 Good rated by 551 men | 4.0 Good rated by 29.2k men | 3.9 Good rated by 32.4k men | 3.7 Good rated by 21.2k men |
Job security | 4.2 Good | 4.1 Good | 4.0 Good | 3.7 Good |
View more
Union Bank of India Salaries
Union Bank of India salaries have received with an average score of 3.7 out of 5 by 727 employees.
Chief Manager
(175 salaries)
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₹22.3 L/yr - ₹40 L/yr
Branch Manager
(88 salaries)
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₹11.9 L/yr - ₹22 L/yr
Relationship Executive
(54 salaries)
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₹1.6 L/yr - ₹3.5 L/yr
Senior Manager Credit
(47 salaries)
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₹15.3 L/yr - ₹26.2 L/yr
Credit Manager
(39 salaries)
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₹13 L/yr - ₹20 L/yr
Assistant General Manager
(36 salaries)
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₹22 L/yr - ₹36.5 L/yr
Senior Branch Manager
(33 salaries)
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₹13.4 L/yr - ₹22 L/yr
Marketing Manager
(26 salaries)
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₹9.6 L/yr - ₹15 L/yr
Chief Manager Credit
(22 salaries)
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₹24 L/yr - ₹42 L/yr
Senior Manager Information Technology
(20 salaries)
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₹15.8 L/yr - ₹25 L/yr
Union Bank of India Interview Questions
A Senior Bank Manager was asked 11mo agoQ. How do you stay updated on industry trends and best practices in accou...read more
An Officer was asked Q. What was the purpose of Bank nationalization?
An Assistant General Manager was asked Q. Why do government schemes not achieve the desired effect?
A Credit Card Executive was asked Q. What is a card protection plan?
A Credit Manager was asked 5mo agoQ. How should one prepare for analyzing financial statements, balance she...read more
Union Bank of India News
View all
Govt cancels order to promote Pankaj Dwivedi to ED, Union Bank of India, makes him general manager
- The central government has canceled the appointment of Pankaj Dwivedi as Executive Director (ED) of Union Bank of India and reverted him to his previous position as General Manager in Punjab & Sind Bank.
- The decision was made due to a case pending against Dwivedi in the Delhi High Court, where it was highlighted that his appointment as ED violated regulations as there was no vigilance clearance.
- A public interest litigation was filed last year against his appointment, questioning the lack of vigilance clearance and the legality of the appointment.
- The court issued a notice to the Central government, Central Vigilance Commission (CVC), and Dwivedi on the PIL, raising concerns about the appointment process.
- The Department of Financial Services under the Ministry of Finance announced the cancellation of Dwivedi's appointment through a gazette notification.
HinduBusinessLine | 25 Jun, 2025
Home Loans: SBI To PNB, Top Five Banks With Lowest Interest Rates
- The Reserve Bank of India reduced the repo rate by 50 basis points, leading to cheaper funds for banks and potential benefits for customers.
- Banks are expected to lower home loan interest rates following the repo rate cut, with many already revising their rates.
- Top lenders like State Bank of India are anticipated to reduce interest rates, while others like Bank of Maharashtra, Canara Bank, and Union Bank offer home loans below 8%.
- Factors such as credit history, loan amount, and tenure influence home loan interest rates, which currently start at 7.85% per annum at various banks.
Bloomberg Quint | 11 Jun, 2025
Rate cut cycle likely over now, policy to stay data-driven: Union Bank of India Report
- Union Bank of India report suggests that the rate cutting cycle may have concluded with the terminal repo rate likely to settle at 5.50 per cent.
- Future policy actions by the RBI will be data-dependent as mentioned by RBI Governor Sanjay Malhotra, considering factors such as inflation trends and global uncertainties.
- The report highlights that the rate cuts and liquidity measures by the RBI are expected to support credit growth, with lending rates likely to fall by 30 bps after the recent RBI policy cut.
- The CRR cut, expected to boost banking system NIMs, and the frontloaded rate easing along with liquidity support measures are anticipated to aid growth in the longer term, with effects visible over time.
HinduBusinessLine | 7 Jun, 2025
UnionBank rolls out fully digital personal loan
- Union Bank of the Philippines has introduced a fully digital personal loan product for immediate cash disbursement.
- The enhanced personal loan can be processed digitally from application to approval, eliminating the need for branch visits.
- Customers with a UnionBank savings account can borrow up to P2 million without collateral, with repayment terms of up to five years.
- UnionBank's digital loan process aims to provide fast, flexible financing to meet the needs of modern customers pursuing various life milestones.
Bworldonline | 24 May, 2025
Indian Banks are better prepared to handle financial stress now: Fitch Ratings
- Fitch Ratings stated that recent upgrades in Viability Ratings of Indian banks reflect stronger underwriting standards, improved asset quality, and enhanced risk profile, indicating better preparedness to handle financial stress.
- In March 2025, Punjab National Bank, Union Bank of India, and Bank of India saw VR upgrades, while Bank of Maharashtra and ICICI Bank Limited received upgrades in April 2025.
- Despite the enhancements, the Issuer Default Ratings of these banks are expected to remain the same, mostly relying on potential government support.
- While some banks like Bank of Baroda and Canara Bank face constraints due to growth appetite, continued positive performance may lead to potential VR upgrades in the future.
HinduBusinessLine | 20 May, 2025
TN Govt inks pact with with 7 banks for employee insurance and loan benefits
- Tamil Nadu government has signed a Memoranda of Association with 7 banks for employee insurance and loan benefits.
- The banks involved are Indian Bank, Indian Overseas Bank, State Bank of India, Canara Bank, Axis Bank, Bank of Baroda, and Union Bank of India.
- Key provisions of the agreement include personal accident insurance cover, marriage assistance, higher education assistance, and term life insurance cover for government employees.
- The agreement also entails interest concessions on personal loans, housing loans, and education loans for government employees from the mentioned banks.
HinduBusinessLine | 19 May, 2025
NSDL trims offer size to 50.15 million shares ahead of IPO deadline
- NSDL has reduced its offer size to 50.15 million shares for its upcoming IPO, as per reports.
- The depository received an extension until the end of July for its ₹3,000 crore public offering due to market conditions.
- Existing shareholders like NSE, IDBI Bank, HDFC Bank, State Bank of India, and Union Bank of India will dilute their stakes in the IPO.
- The lead managers for the IPO include ICICI Securities, Axis Capital, HSBC Securities, IDBI Capital Markets, Motilal Oswal Investment Advisors, and SBI Capital Markets.
HinduBusinessLine | 19 May, 2025
Post SC ruling on JSPL-BSPL deal, Parliamentary panel to review emerging issues in IBC
- A Parliamentary panel, led by Bhartruhari Mahtab, will review emerging issues in the Insolvency and Bankruptcy Code following the recent SC ruling on JSPL-BSPL deal cancellation.
- The two-day meeting will include discussions on the functioning of the IBC, with officials from the Corporate Affairs Ministry and banks like PNB, Canara Bank, and Union Bank of India providing oral evidence.
- The SC's decision to cancel JSW Steel's acquisition of BPSL has significant implications, leading to challenges for both the company and banks involved in terms of loan recovery and provisions.
- Experts believe that the ruling underlines the importance of strict adherence to IBC regulations and the necessity for resolution applicants to provide genuine capital without bypassing obligations.
HinduBusinessLine | 19 May, 2025
Union Bank Of India Fined Rs 1.66 Lakh By RBI
- The Reserve Bank of India has imposed a monetary penalty of Rs 1.66 lakh on Union Bank of India for discrepancies observed in soiled note remittance to RBI and ATM cash out.
- The impact on the bank's financial, operational, or other activities is deemed insignificant as per the exchange filing.
- Union Bank of India's net profit surged by 50.6% year-on-year to Rs 4,985 crore for the quarter ended March.
- The net interest income rose to Rs 9,514 crore, with a net interest margin of 2.87% for the quarter ended March.
Bloomberg Quint | 17 May, 2025
Metal prices likely to keep upward pressure on WPI in coming months: Union Bank of India
- Metal prices are expected to exert upward pressure on the Wholesale Price Index (WPI) in the coming months, according to Union Bank of India.
- Core WPI, excluding food and fuel, decreased to 1.40% in April from 1.59% in March, with the rise in metal prices, particularly in iron and steel, being a significant factor.
- FMCG companies raised prices in Q4FY25 to offset inflation and anticipate a consumption recovery in FY26.
- The WPI experienced a notable decline to a 13-month low of 0.85% in April 2025, driven by decreased fuel index, impacted by a global oil price drop due to rising recession concerns.
HinduBusinessLine | 15 May, 2025
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Union Bank of India FAQs
When was Union Bank of India founded?
Union Bank of India was founded in 1919. The company has been operating for 106 years primarily in the Banking sector.
Where is the Union Bank of India headquarters located?
Union Bank of India is headquartered in Mumbai, Maharashtra and has an office in Mumbai.
How many employees does Union Bank of India have in India?
Union Bank of India currently has more than 75,000+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in Union Bank of India based on the number of reviews submitted on AmbitionBox.
Does Union Bank of India have good work-life balance?
Union Bank of India has a Work-Life Balance Rating of 3.5 out of 5 based on 700+ employee reviews on AmbitionBox. 72% employees rated Union Bank of India 4 or above, while 28% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Union Bank of India work-life balance reviews for more details.
Is Union Bank of India good for career growth?
Career growth at Union Bank of India is rated as moderate, with a promotions and appraisal rating of 3.4. 28% employees rated Union Bank of India 3 or below, while 72% employees rated it 4 or above on promotions / appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Union Bank of India promotions / appraisals reviews for more detailed insights.
What are the pros and cons of working in Union Bank of India?
Working at Union Bank of India comes with several advantages and disadvantages. It is highly rated for job security. However, it is poorly rated for promotions / appraisal, company culture and work satisfaction, based on 700+ employee reviews on AmbitionBox.
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