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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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