Business

Union Bank of India Announces Launch of New Organization Structure to Strengthen Pan-Indian Presence and Drive Business Growth

Published

4 years ago

June 16, 2020

Following the recent amalgamation of Andhra Bank & Corporation Bank into Union Bank of India on April 1, 2020, Union Bank of India’s footprint has grown to include a pan-Indian network of 9500+ branches and 13,500+ ATMs. Post-amalgamation, Union Bank of India is now India’s fifth largest public sector bank and fourth largest banking network, with a branch in every state of the country.

Against the backdrop of this successful amalgamation, Union Bank of India announces the rollout of its new, combined organization structure which will include 18 zonal offices and 125 regional offices. 4 new zonal offices have been established across Chandigarh, Jaipur, Mangalore and Visakhapatnam with a strategic view to increase penetration across geographies. The opening of two new zonal offices in Southern India will enable the bank to further strengthen its high market share in this vital region. Additionally, 32 new regional offices are being opened across locations including Shimla, Amritsar, Bareilly, Mau, etc. With strengthened pan-India presence, the bank’s zonal and regional offices are envisioned to emerge as its engines of growth.

To mark the historic occasion in the 100-year history of the bank, a virtual event was held today. Prominent members of the bank’s leadership including the MD & CEO, Executive Directors, Zonal Heads, Chief General Managers and General Managers 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. In his address, Shri. Rai elaborated on the vision of the new organization structure, “With the growth in our footprint following amalgamation, a strategic reorganisation is imperative to best leverage the opportunities ahead, and with this in mind we are strengthening our pan-India presence to ensure an enhanced focus on business growth and customer service.”

Post the address by Mr. Rai, the newly appointed Zonal Heads took pledges to demonstrate their commitment towards growing the bank. Mr. Rai also took this opportunity to launch the official Union Bank ‘Regional Heads Booklet’ as a one stop manual to comprehensively cover all roles & responsibilities of regional heads. The booklet has been created with a view to minimize disruptions for customers or employees, which remains Union Bank of India’s top priority.

The successful launch event as well as overall strategic approach for organization planning, lends significant confidence that the new organization structure will enable the bank to scale new heights of business growth, provide best-in-class products and services and continue its legacy of serving the nation.

List of Zonal Offices