Indian Banks: The Story of Union Bank of India

Union Bank of India History

Union Bank of India was established on 11th November 1919 with its headquarters in Mumbai. It was promoted by Seth Sitaram Poddar 1 and for the first three years was under European Management. The Head Office building of the Bank in Mumbai was inaugurated by Mahatma Gandhi, the Father of the nation in the year 1921, and he said on the occasion: “We should have the ability to carry on a big bank, to manage efficiently crore of rupees in the course of our national activities. Though we have not many banks amongst us, it does not follow that we are not capable of efficiently managing crore and tens of crore of rupees.”

Union Bank of India - Oldest Logo
Union Bank of India – Oldest Logo
union-bank-of-india old logo
Union-Bank-of-India old logo


Logo: The logo features two interlocking U’s in red and blue, stands for the consumer and the bank.  The two U’s stand for union and the integrity, security and strength, which Union Bank of India stands for. The colour blue represents commitment, while red is symbolic of the passion that exists at Union Bank of India.

Tagline: Good people to bank with

Did you know: The bank had floating counters and an ATM on board INS Vikrant

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