Money & Banking

Union Bank of India turns 100

Our Bureau Chennai | Updated on November 13, 2018 Published on November 13, 2018

Union Finance Minister Arun Jaitley inaugurating the centenary year celebrations of the Union Bank of India through video-conference

Union Bank of India on Sunday celebrated its 100th Foundation Day in Mumbai. Established on November 11, 1919, the bank’s corporate office in Mumbai was inaugurated by Mahatma Gandhi.

Inaugurating the centenary year celebrations through video-conference, Union Finance Minister Arun Jaitley recalled the history of the bank and commended its role in nation building.

Maharashtra Chief Minister Devendra Fadnavis, Union Minister of State for Finance Shiv Pratap Shukla, and Additional Secretary in the Department of Financial Services, Dakshita Das, attended the celebrations.

India Post released a postal stamp to commemorate the centenary year of Union Bank of India while Fadnavis released a coffee table book A Century of Trust issued by the bank.

The bank also launched two new variants of debit and credit cards, a new mobile banking app and a web and tab-enabled module for credit to the MSME sector.

Published on November 13, 2018
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