Company Information

Get to know Union Bank of India

Union Bank of India is one of India's largest government-owned banks, established in 1919 with its head office in Mumbai. It was nationalized in 1969. In a significant consolidation, Andhra Bank and Corporation Bank were amalgamated into Union Bank of India on April 1, 2020, creating a formidable entity in the Indian banking sector. The bank offers a comprehensive portfolio of services including retail and corporate banking, international banking, treasury operations, and other financial services to a diverse customer base of individuals, businesses, and government entities.

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Financial BankingPRIMARY
Financial Other Service

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Union Bank of India

India

Founded in

11 Nov 1919 (106 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

4/10

Reviews

43/90

4 reviews

Provided by TrustFinance

OVERALL SCORE

Others

4/10

Reviews

43/90

4 reviews

Provided by TrustFinance

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Regulated

Recommended

(78 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.