Union Bank of India, now the fifth largest Public Sector lender in India after its amalgamation with Andhra Bank & Corporation Bank on April 1, 2020, has now planned to expand its India’s footprint by unveiling 12 regional offices across India. Post merger, the lender has grown to include a pan-Indian network of 9500+ branches and 13,500+ ATMs.
Speaking at the virtual launch event, MD & CEO of Union Bank of India, Rajkiran Rai G said, “With this, we have achieved one of the most significant milestones in the amalgamation journey. From an organizational perspective, all 3 banks are now almost completely integrated.”
In a bid to capitalize its expanded presence, 33 of 125 regional offices are in entirely new locations such as Amritsar, Anand, Bhagalpur, Anantpur, Rajahmundry, Shimla, Amravati etc.
“We have put much thought into our new organization structure, we have ensured all that offices, structures, incentives and KRAs are built in such a way that they are geared towards delivering business growth. Post-amalgamation, we are India’s most dynamic PSU bank” added Rajkiran Rai G.
To virtual launch of the new Regional Offices registered the presence of the MD & CEO, Executive Directors, Zonal Heads, Chief General Managers, General Managers and Regional Heads attended the event. The ceremony commenced with a virtual ribbon cutting ceremony followed by an address from Shri Rajkiran Rai G., MD & CEO, Union Bank of India.