Union Bank of India
A nationalised bank three-quarters owned by the Government of India, into which Andhra Bank and Corporation Bank were merged on 1 April 2020. It reported a net profit of Rs 18,697 crore for 2025-26.
This page is a factual profile built from official sources: enterprise filings, the DPE Public Enterprises Survey, PIB releases, government orders and CAG reports. Figures carry their year; where no official figure was found, the field is left out rather than estimated.
How we verify →A nationalised bank three-quarters owned by the Government of India, into which Andhra Bank and Corporation Bank were merged on 1 April 2020. It reported a net profit of Rs 18,697 crore for 2025-26.
What happened
On 1 April 2020 Andhra Bank and Corporation Bank were amalgamated into Union Bank of India, which the bank's profile says is headquartered in Mumbai and was registered in 1919. The Government of India holds 74.76% of its paid-up capital.
For 2025-26 the bank reported a net profit of Rs 18,697 crore and interest income of Rs 1,05,992 crore, and recommended a dividend of Rs 5 a share. On 15 July 2026 it reported a net profit of Rs 5,332 crore for the April-June 2026 quarter.