Hans News Service Hyderabad

UnionBank of India celebrated its 108th Foundation Day on Wednesday, marking over a century of banking services since its establishment on November 11, 1919.

The celebrations were held at the bank’s Zonal Office in Hyderabad in the presence of Telangana Special Chief Secretaries Jayesh Ranjan and Vikas Raj, Rural Development Commissioner Divya, former RBI Deputy Governor Rajeswara Rao and RBI Regional Director Chinmay Kumar.

M Ravindra Babu, Chief General Manager and Zonal Head, Hyderabad Zone, and Sarvesh Ranjan, Chief General Manager, Reconciliation Department, Central Office, attended the event along with senior bankers, employees and customers.

As part of the celebrations, the bank announced several technology-driven products and services, including digital corporate salary accounts, vehicle loans, digital loans against PPF, UPI Global and online locker facilities.

The bank also announced the opening of 108 new branches nationwide and contributions of Rs 11.17 crore to the National Defence Fund and Rs 13.72 crore towards CSR activities.