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Old 25th January 2018, 02:19 PM
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Default Non Performing Assets Of Union Bank Of India

Hi buddy I heard Union Bank of India is making the most of technology for recovery of non-performing assets (NPAs), if so then would you plz let me know about the same here ??
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Old 25th January 2018, 02:20 PM
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Default Re: Non Performing Assets Of Union Bank Of India

Union Bank of India is one of the largest government-owned banks of India (the government owns 63.44% of its share capital). It is listed on the Forbes 2000, and has assets of USD 13.45 billion. All the bank s branches have been networked with its 6909 ATMs as on 30 September 2015.


Yes Union Bank of India is making the most of technology for recovery of non-performing assets (NPAs). In this regard, it launched a mobile-based application (app) for its officers a few days ago. By entering the postal Pin code of the area in the app, the bank officer gets all the details about the borrowers and defaulting accounts under the limits of that particular pincode.

Bank profile:

Type Public company

Traded as BSE: 532477

NSE: UNIONBANK

Industry Banking, Financial services

Founded 11 November 1919; 98 years ago

Headquarters Mumbai

Key people Shri Rajkiran Rai G.

(Managing Director & CEO)

Products Consumer banking, corporate banking, finance and insurance, investment
banking, mortgage loans, private banking, wealth management

Revenue 32,198.80 crore (US$5.0 billion)(2016)

Operating income 5,722 crore (US$890 million) (2016)

Net income 1,351.60 crore (US$210 million) (2016)

Total assets 404,695.90 crore (US$63 billion) (2016)

Owner Government of India

Number of employees 35,514 (2016)

Capital ratio 10.56% (2016)
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