# Union Bank of India

> Source: https://docs.barcoder.ai/docs/wallets/union-bank-india
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Union Bank — official](https://www.unionbankofindia.co.in/)

## Overview

**Union Bank of India** is **BSE: 532477 + NSE: UNIONBANK** + **Indian state-owned commercial bank** + **one of India's largest public sector banks by assets** + **~150M+ Indian customers** + **Andhra Bank + Corporation Bank Apr 1 2020 amalgamation** <sup>[1][1], [India report](https://docs.barcoder.ai/docs/payments/IN)</sup>.

## History

**Nov 11 1919 — Union Bank of India founded by Seth Sitaram Poddar in Mumbai** (Mahatma Gandhi inaugurated its head-office building in 1921) distinctive Indian banking heritage.

**1969 — Union Bank nationalised by Indian government as one of 14 major Indian commercial banks**.

**2013 — Union Bank mobile banking app launch**.

**Apr 1 2020 — Andhra Bank + Corporation Bank Apr 1 2020 amalgamation into Union Bank of India** distinctive Indian banking consolidation.

**2022 — Union Vyom mobile banking app launch (rebrand of UMobile)**.

## Ownership & operator

**Operating entity**: **Union Bank of India UBI** (Indian state-owned commercial bank; BSE: 532477 + NSE: UNIONBANK).

**Major shareholders**: **Government of India (Ministry of Finance) ~74.76% majority + Indian retail + institutional + foreign investors free float**.

**Regulators**: **RBI**.

## Technical integration

Union Vyom mobile app (iOS + Android; ~150M+ Indian customers) + unionbankofindia.co.in online + Union Bank branch network across India + UK + UAE + Hong Kong + Australia + Belgium + China + Union Bank Visa + Mastercard + RuPay cards; UPI + BharatQR + IMPS + RuPay.

## Implementations & partners

**Major Indian banking + payments competitors**: [SBI YONO (State Bank of India)](https://docs.barcoder.ai/docs/wallets/sbi-yono) (SBI YONO State Bank of India; BSE: 500112 + NSE: SBIN; India's largest commercial bank by assets) + [HDFC Bank App](https://docs.barcoder.ai/docs/wallets/hdfc-bank) (HDFC Bank; BSE: 500180 + NSE: HDFCBANK; India's largest private commercial bank by assets) + [ICICI Bank](https://docs.barcoder.ai/docs/wallets/icici-bank) (ICICI iMobile Bank; BSE: 532174 + NSE: ICICIBANK; India's #2 private commercial bank by assets) + [Axis Bank / Axis Mobile](https://docs.barcoder.ai/docs/wallets/axis-bank) (Axis Bank; BSE: 532215 + NSE: AXISBANK; India's #3 private commercial bank by assets) + [Kotak Mahindra Bank / Kotak811](https://docs.barcoder.ai/docs/wallets/kotak-mahindra) (Kotak Mahindra Bank; BSE: 500247 + NSE: KOTAKBANK; India's #4 private commercial bank by assets) + [Punjab National Bank (PNB ONE)](https://docs.barcoder.ai/docs/wallets/pnb-india) (PNB Punjab National Bank; BSE: 532461 + NSE: PNB; Indian state-owned commercial bank) + [Canara Bank](https://docs.barcoder.ai/docs/wallets/canara-bank) (Canara Bank; BSE: 532483 + NSE: CANBK; Indian state-owned commercial bank + Syndicate Bank Apr 1 2020 amalgamation) + [Bank of Baroda (bob World)](https://docs.barcoder.ai/docs/wallets/bank-of-baroda) (Bank of Baroda; BSE: 532134 + NSE: BANKBARODA; Indian state-owned commercial bank + Vijaya Bank + Dena Bank Apr 1 2019 amalgamation) + [PhonePe](https://docs.barcoder.ai/docs/wallets/phonepe) (PhonePe; Walmart Flipkart subsidiary; India's largest UPI wallet by transactions) + [Google Pay](https://docs.barcoder.ai/docs/wallets/google-pay) (Google Pay India; India's #2 UPI wallet by transactions) + [Paytm](https://docs.barcoder.ai/docs/wallets/paytm) (Paytm; BSE: 543396 + NSE: PAYTM; Indian super-app wallet).

**Regulator**: RBI.

## Status

**Active, BSE:532477 + NSE:UNIONBANK + Indian state-owned commercial bank + one of India's largest public sector banks by assets + ~150M+ Indian customers + Andhra Bank + Corporation Bank Apr 1 2020 amalgamation** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.unionbankofindia.co.in/ "Union Bank — official"
[2]: https://en.wikipedia.org/wiki/Union_Bank_of_India "Union Bank of India — Wikipedia"
[in-cro]: https://docs.barcoder.ai/docs/payments/IN

- [1] [Union Bank — official][1]
- [2] [Union Bank of India — Wikipedia][2]
- <sup>[India report](https://docs.barcoder.ai/docs/payments/IN)</sup> In-corpus: `reports/countries/IN-india.md`

## Source

Biography extracted from [union-bank-india.md](https://docs.barcoder.ai/source/wallets/union-bank-india). See `matrix.md` for standards-support matrix if present.