Question
Consider the following statements about the Union Bank
of India (UBI)? I. Union Bank of India was established on 11 November 1919 in Bombay. II. UBI also has representative offices at Shanghai, Beijing and Abu Dhabi. III. Its headquarter is situated at Kolkata. Which of the following statements is/are incorrect?Solution
Union Bank of India was established on 11 November 1919 in Bombay (now Mumbai) by Seth Sitaram Poddar. After the amalgamation with Corporation Bank and Andhra Bank, which came into effect on 1 April 2020, the amalgamated entity became the one of the largest PSU bank in terms of branch network with around 9500 branches. Its headquarter is situated at Mumbai.
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